SYBM.DE vs. 36B1.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and 36B1.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while 36B1.DE tracks the JP Morgan ESG EMBI Global Diversified. Both are passively managed. Over the past 5 years, SYBM.DE returned 1.70%/yr vs 1.88%/yr for 36B1.DE. A 0.54 correlation means they provide meaningful diversification when combined. SYBM.DE charges 0.55%/yr vs 0.45%/yr for 36B1.DE.
Performance
SYBM.DE vs. 36B1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBM.DE achieves a 2.31% return, which is significantly lower than 36B1.DE's 4.50% return.
SYBM.DE
- 1D
- -0.43%
- 1M
- 0.16%
- 6M
- 0.83%
- YTD
- 2.31%
- 1Y
- 5.08%
- 3Y*
- 3.58%
- 5Y*
- 1.70%
- 10Y*
- 1.31%
36B1.DE
- 1D
- 0.26%
- 1M
- 0.79%
- 6M
- 3.14%
- YTD
- 4.50%
- 1Y
- 10.75%
- 3Y*
- 7.32%
- 5Y*
- 1.88%
- 10Y*
- —
SYBM.DE vs. 36B1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 2.31% | 2.48% | 3.06% | 5.79% | -4.56% | -0.97% | -5.72% | 14.76% | 4.93% |
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 4.50% | 0.52% | 11.39% | 6.09% | -13.65% | 5.10% | -3.83% | 1.34% | -1.20% |
Correlation
The correlation between SYBM.DE and 36B1.DE is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2018 | 0.54 |
The correlation between SYBM.DE and 36B1.DE has been stable across timeframes, ranging from 0.53 to 0.55 - a consistent structural relationship.
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Return for Risk
SYBM.DE vs. 36B1.DE — Risk / Return Rank
SYBM.DE
36B1.DE
SYBM.DE vs. 36B1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBM.DE | 36B1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 3.73 | -2.43 |
| Martin ratioReturn relative to average drawdown | 3.93 | 10.56 | -6.62 |
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Drawdowns
SYBM.DE vs. 36B1.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -31.70%, which is greater than 36B1.DE's maximum drawdown of -22.35%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and 36B1.DE.
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Drawdown Indicators
| SYBM.DE | 36B1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -22.35% | -9.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.87% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.60% | -12.32% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -16.23% | +7.59% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | — | — |
Current DrawdownCurrent decline from peak | -5.31% | -1.28% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -17.12% | -8.65% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.02% | +0.27% |
Volatility
SYBM.DE vs. 36B1.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 0.96%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF (36B1.DE) has a volatility of 1.29%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than 36B1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBM.DE | 36B1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.29% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 4.07% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 6.02% | -0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 8.51% | -1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 10.17% | -2.52% |
SYBM.DE vs. 36B1.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than 36B1.DE's 0.45% expense ratio.
Dividends
SYBM.DE vs. 36B1.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 4.98%, less than 36B1.DE's 5.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36B1.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF | 5.66% | 5.96% | 5.31% | 5.52% | 5.19% | 3.36% | 3.81% | 2.35% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 4.98% | 5.01% | 4.74% | 4.21% | 4.29% | 3.90% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
SYBM.DE and 36B1.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B1.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B1.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while 36B1.DE tracks JP Morgan ESG EMBI Global Diversified. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SYBM.DE and 0.45% for 36B1.DE.
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