SYBM.DE vs. EMA5.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while EMA5.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. Both are passively managed. Over the past 5 years, SYBM.DE returned 1.45%/yr vs 3.38%/yr for EMA5.DE. At a 0.46 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.25%/yr for EMA5.DE.
Performance
SYBM.DE vs. EMA5.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 EMA5.DE's 2.33% 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%
EMA5.DE
- 1D
- -0.04%
- 1M
- 1.24%
- YTD
- 2.33%
- 6M
- 1.80%
- 1Y
- 4.57%
- 3Y*
- 5.12%
- 5Y*
- 3.38%
- 10Y*
- —
SYBM.DE vs. EMA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | -0.95% | -0.57% |
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | -5.07% | 7.86% | -1.26% |
Correlation
The correlation between SYBM.DE and EMA5.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.46 |
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Return for Risk
SYBM.DE vs. EMA5.DE — Risk / Return Rank
SYBM.DE
EMA5.DE
SYBM.DE vs. EMA5.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 L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.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 | EMA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.13 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.38 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.69 | 3.47 | -0.78 |
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 | EMA5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.72 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.47 | -0.27 |
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 | 0.47 | -0.23 |
Drawdowns
SYBM.DE vs. EMA5.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, which is greater than EMA5.DE's maximum drawdown of -10.01%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and EMA5.DE.
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Drawdown Indicators
| SYBM.DE | EMA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -10.01% | -9.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.06% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -10.01% | +2.39% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -10.01% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -3.17% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -3.55% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.22% | +0.04% |
Volatility
SYBM.DE vs. EMA5.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.51%, while L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) has a volatility of 2.25%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than EMA5.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 | EMA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.25% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.23% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.86% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 7.07% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 6.94% | +0.88% |
SYBM.DE vs. EMA5.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than EMA5.DE's 0.25% expense ratio.
Dividends
SYBM.DE vs. EMA5.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, more than EMA5.DE's 4.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 4.59% | 5.61% | 5.39% | 4.22% | 2.89% | 1.01% | 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 EMA5.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMA5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMA5.DE is cheaper with a 0.25% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity. They also come from different issuers: State Street and Legal & General. Their fees differ too: 0.55% for SYBM.DE and 0.25% for EMA5.DE.
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