SYBL.DE vs. ZPRX.DE
SYBL.DE (SPDR Bloomberg 15+ Year Gilt UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SYBL.DE is a European Government Bonds fund tracking the Bloomberg UK Gilt 15+, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SYBL.DE returned -4.51%/yr vs 8.15%/yr for ZPRX.DE. At a 0.07 correlation, their price movements are largely independent. SYBL.DE charges 0.15%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SYBL.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBL.DE achieves a -3.01% return, which is significantly lower than ZPRX.DE's 7.81% return. Over the past 10 years, SYBL.DE has underperformed ZPRX.DE with an annualized return of -4.51%, while ZPRX.DE has yielded a comparatively higher 8.15% annualized return.
SYBL.DE
- 1D
- 0.30%
- 1M
- 0.76%
- YTD
- -3.01%
- 6M
- -2.76%
- 1Y
- -2.42%
- 3Y*
- -1.08%
- 5Y*
- -10.98%
- 10Y*
- -4.51%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 1.27%
- YTD
- 7.81%
- 6M
- 10.93%
- 1Y
- 17.80%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
SYBL.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | -3.01% | -1.00% | -6.77% | 3.36% | -43.17% | 0.20% | 6.07% | 17.90% | -1.01% | -0.58% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between SYBL.DE and ZPRX.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.07 |
Over the past year, SYBL.DE and ZPRX.DE have become more correlated (0.44) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
SYBL.DE vs. ZPRX.DE — Risk / Return Rank
SYBL.DE
ZPRX.DE
SYBL.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| SYBL.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 1.47 | -1.71 |
| Martin ratioReturn relative to average drawdown | -0.57 | 5.42 | -5.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SYBL.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 1.23 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.53 | 0.46 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.25 | 0.45 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.39 | -0.47 |
Drawdowns
SYBL.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SYBL.DE drawdown since its inception was -57.50%, which is greater than ZPRX.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SYBL.DE and ZPRX.DE.
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Drawdown Indicators
| SYBL.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.50% | -43.93% | -13.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.35% | -11.63% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -17.73% | -15.95% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -55.48% | -27.52% | -27.96% |
Max Drawdown (10Y)Largest decline over 10 years | -57.50% | -43.93% | -13.57% |
Current DrawdownCurrent decline from peak | -52.83% | -1.51% | -51.32% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -7.71% | -13.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 3.16% | +1.23% |
Volatility
SYBL.DE vs. ZPRX.DE - Volatility Comparison
SPDR Bloomberg 15+ Year Gilt UCITS ETF (SYBL.DE) has a higher volatility of 5.80% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that SYBL.DE's price experiences larger fluctuations and is considered to be riskier than ZPRX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBL.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 4.17% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.48% | 11.30% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 13.94% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.69% | 16.69% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.69% | 18.14% | -0.45% |
SYBL.DE vs. ZPRX.DE - Expense Ratio Comparison
SYBL.DE has a 0.15% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SYBL.DE vs. ZPRX.DE - Dividend Comparison
SYBL.DE's dividend yield for the trailing twelve months is around 5.11%, while ZPRX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBL.DE SPDR Bloomberg 15+ Year Gilt UCITS ETF | 5.11% | 4.88% | 4.32% | 2.96% | 1.73% | 0.85% | 1.05% | 1.36% | 1.58% | 1.90% | 2.13% | 2.55% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBL.DE and ZPRX.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBL.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ZPRX.DE.
SYBL.DE is categorized as European Government Bonds, while ZPRX.DE is Europe Equities. SYBL.DE tracks Bloomberg UK Gilt 15+, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.15% for SYBL.DE and 0.30% for ZPRX.DE.
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