SYBM.DE vs. FESD.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and FESD.DE (Fidelity Sustainable USD EM Bond UCITS ETF) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while FESD.DE tracks the Fidelity Sustainable USD EM Bond. Both are passively managed. Over the past 5 years, SYBM.DE returned 1.45%/yr vs 1.89%/yr for FESD.DE. At a 0.47 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.45%/yr for FESD.DE.
Performance
SYBM.DE vs. FESD.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 FESD.DE's 3.41% return.
SYBM.DE
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.49%
- 6M
- 0.35%
- 1Y
- 3.38%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
FESD.DE
- 1D
- -0.09%
- 1M
- 1.35%
- YTD
- 3.41%
- 6M
- 3.08%
- 1Y
- 9.14%
- 3Y*
- 5.13%
- 5Y*
- 1.89%
- 10Y*
- —
SYBM.DE vs. FESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | 2.38% |
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 3.41% | 0.21% | 8.73% | 4.67% | -13.30% | 6.35% |
Correlation
The correlation between SYBM.DE and FESD.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021 | 0.47 |
The correlation between SYBM.DE and FESD.DE has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
SYBM.DE vs. FESD.DE — Risk / Return Rank
SYBM.DE
FESD.DE
SYBM.DE vs. FESD.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 Fidelity Sustainable USD EM Bond UCITS ETF (FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.27 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.46 | -1.59 |
| Martin ratioReturn relative to average drawdown | 2.69 | 6.56 | -3.87 |
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 | FESD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.40 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.22 | -0.01 |
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 | 0.19 | +0.05 |
Drawdowns
SYBM.DE vs. FESD.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, which is greater than FESD.DE's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and FESD.DE.
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Drawdown Indicators
| SYBM.DE | FESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -16.01% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.71% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -12.34% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -16.01% | +7.37% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -0.59% | -2.50% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -7.16% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.39% | -0.13% |
Volatility
SYBM.DE vs. FESD.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.51%, while Fidelity Sustainable USD EM Bond UCITS ETF (FESD.DE) has a volatility of 2.28%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than FESD.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 | FESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.28% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.57% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 6.51% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 8.80% | -1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 8.70% | -0.88% |
SYBM.DE vs. FESD.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than FESD.DE's 0.45% expense ratio.
Dividends
SYBM.DE vs. FESD.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, less than FESD.DE's 6.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FESD.DE Fidelity Sustainable USD EM Bond UCITS ETF | 6.69% | 5.90% | 5.86% | 5.43% | 4.80% | 2.01% | 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 FESD.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FESD.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FESD.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 FESD.DE tracks Fidelity Sustainable USD EM Bond. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.55% for SYBM.DE and 0.45% for FESD.DE.
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