SYBM.DE vs. EM1C.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and EM1C.DE (VanEck J.P. Morgan EM Local Currency Bond UCITS ETF) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while EM1C.DE tracks the JP Morgan GBI-Emerging Markets Global Core. Both are passively managed. Over the past 5 years, SYBM.DE returned 1.45%/yr vs 2.23%/yr for EM1C.DE. A 0.80 correlation means they provide meaningful diversification when combined. SYBM.DE charges 0.55%/yr vs 0.30%/yr for EM1C.DE.
Performance
SYBM.DE vs. EM1C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBM.DE achieves a 0.49% return, which is significantly lower than EM1C.DE's 2.30% return.
SYBM.DE
- 1D
- -0.05%
- 1M
- -0.24%
- YTD
- 0.49%
- 6M
- 0.42%
- 1Y
- 3.27%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
EM1C.DE
- 1D
- -0.08%
- 1M
- 0.68%
- YTD
- 2.30%
- 6M
- 2.26%
- 1Y
- 7.29%
- 3Y*
- 4.00%
- 5Y*
- 2.23%
- 10Y*
- —
SYBM.DE vs. EM1C.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 | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | -0.95% | -5.71% | 14.77% | -1.49% | -3.34% |
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 2.30% | 4.53% | 3.69% | 6.44% | -4.38% | -2.30% | -6.16% | 12.05% | -4.25% | -3.96% |
Correlation
The correlation between SYBM.DE and EM1C.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 2, 2017 | 0.80 |
The correlation between SYBM.DE and EM1C.DE has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
SYBM.DE vs. EM1C.DE — Risk / Return Rank
SYBM.DE
EM1C.DE
SYBM.DE vs. EM1C.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 VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.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.
| SYBM.DE | EM1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.26 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.04 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.69 | 6.75 | -4.07 |
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
| SYBM.DE | EM1C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.39 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.31 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.09 | +0.15 |
Drawdowns
SYBM.DE vs. EM1C.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, roughly equal to the maximum EM1C.DE drawdown of -18.83%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and EM1C.DE.
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Drawdown Indicators
| SYBM.DE | EM1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -18.83% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.42% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -7.20% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -8.53% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -0.85% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -8.00% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.04% | +0.22% |
Volatility
SYBM.DE vs. EM1C.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) and VanEck J.P. Morgan EM Local Currency Bond UCITS ETF (EM1C.DE) have volatilities of 1.51% and 1.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBM.DE | EM1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.55% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.15% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.03% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 7.03% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 8.06% | -0.24% |
SYBM.DE vs. EM1C.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than EM1C.DE's 0.30% expense ratio.
Dividends
SYBM.DE vs. EM1C.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, while EM1C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EM1C.DE VanEck J.P. Morgan EM Local Currency Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
SYBM.DE and EM1C.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EM1C.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EM1C.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while EM1C.DE tracks JP Morgan GBI-Emerging Markets Global Core. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.55% for SYBM.DE and 0.30% for EM1C.DE.
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