SYBM.DE vs. CGB.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and CGB.DE (Xtrackers II Harvest China Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while CGB.DE tracks the FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. Both are passively managed. Over the past 10 years, SYBM.DE returned 1.31%/yr vs 2.41%/yr for CGB.DE. At a 0.37 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.20%/yr for CGB.DE.
Performance
SYBM.DE vs. CGB.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 CGB.DE's 8.22% return. Over the past 10 years, SYBM.DE has underperformed CGB.DE with an annualized return of 1.31%, while CGB.DE has yielded a comparatively higher 2.41% annualized 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%
CGB.DE
- 1D
- -0.05%
- 1M
- 1.36%
- 6M
- 6.23%
- YTD
- 8.22%
- 1Y
- 9.90%
- 3Y*
- 4.82%
- 5Y*
- 3.10%
- 10Y*
- 2.41%
SYBM.DE vs. CGB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -1.48% | 0.35% |
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 8.22% | -6.58% | 9.93% | -2.82% | -0.10% | 15.85% | -0.38% | 4.86% | 4.94% | -7.90% |
Correlation
The correlation between SYBM.DE and CGB.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2015 | 0.37 |
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Return for Risk
SYBM.DE vs. CGB.DE — Risk / Return Rank
SYBM.DE
CGB.DE
SYBM.DE vs. CGB.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 Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.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 | CGB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 3.48 | -2.19 |
| Martin ratioReturn relative to average drawdown | 3.93 | 10.44 | -6.50 |
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Drawdowns
SYBM.DE vs. CGB.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -31.70%, which is greater than CGB.DE's maximum drawdown of -20.06%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and CGB.DE.
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Drawdown Indicators
| SYBM.DE | CGB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -20.06% | -11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.83% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.60% | -11.08% | +3.48% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -13.94% | +5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | -14.64% | -1.73% |
Current DrawdownCurrent decline from peak | -5.31% | -0.74% | -4.57% |
Average DrawdownAverage peak-to-trough decline | -17.12% | -9.25% | -7.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.94% | +0.35% |
Volatility
SYBM.DE vs. CGB.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 0.96%, while Xtrackers II Harvest China Government Bond UCITS ETF (Dist) (CGB.DE) has a volatility of 1.51%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than CGB.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 | CGB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.51% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 3.98% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 5.75% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 6.73% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 11.06% | -3.41% |
SYBM.DE vs. CGB.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than CGB.DE's 0.20% expense ratio.
Dividends
SYBM.DE vs. CGB.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 4.98%, more than CGB.DE's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGB.DE Xtrackers II Harvest China Government Bond UCITS ETF (Dist) | 1.99% | 2.40% | 2.37% | 2.97% | 4.40% | 2.17% | 2.15% | 2.56% | 0.72% | 2.64% | 0.38% | 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 CGB.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CGB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CGB.DE is cheaper with a 0.20% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while CGB.DE tracks FTSE Chinese Government and Policy Bank Bond 1-10 Years Capped Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.55% for SYBM.DE and 0.20% for CGB.DE.
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