SYBM.DE vs. IS3C.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and IS3C.DE (iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist)) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while IS3C.DE tracks the JP Morgan EMBI Global Core (EUR Hedged). Both are passively managed. Over the past 10 years, SYBM.DE returned 1.75%/yr vs -0.58%/yr for IS3C.DE. At a 0.39 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.50%/yr for IS3C.DE.
Performance
SYBM.DE vs. IS3C.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 higher than IS3C.DE's -1.63% return. Over the past 10 years, SYBM.DE has outperformed IS3C.DE with an annualized return of 1.75%, while IS3C.DE has yielded a comparatively lower -0.58% annualized 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%
IS3C.DE
- 1D
- 0.23%
- 1M
- -0.36%
- YTD
- -1.63%
- 6M
- -1.68%
- 1Y
- 2.88%
- 3Y*
- 2.01%
- 5Y*
- -3.40%
- 10Y*
- -0.58%
SYBM.DE vs. IS3C.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% | 0.35% |
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | -1.63% | 5.32% | -1.72% | 5.39% | -20.57% | -3.53% | 3.22% | 12.58% | -8.60% | 7.87% |
Correlation
The correlation between SYBM.DE and IS3C.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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2013 | 0.39 |
The correlation between SYBM.DE and IS3C.DE shifts across timeframes, from 0.29 (5 years) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBM.DE vs. IS3C.DE — Risk / Return Rank
SYBM.DE
IS3C.DE
SYBM.DE vs. IS3C.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 USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.08 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.48 | +0.39 |
| Martin ratioReturn relative to average drawdown | 2.69 | 1.52 | +1.17 |
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 | IS3C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.44 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.38 | +0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | -0.06 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.00 | +0.23 |
Drawdowns
SYBM.DE vs. IS3C.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, smaller than the maximum IS3C.DE drawdown of -30.78%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and IS3C.DE.
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Drawdown Indicators
| SYBM.DE | IS3C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -30.78% | +11.62% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -5.62% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -8.94% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -30.47% | +21.83% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -30.78% | +14.42% |
Current DrawdownCurrent decline from peak | -3.09% | -17.90% | +14.81% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -9.16% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.79% | -0.53% |
Volatility
SYBM.DE vs. IS3C.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.51%, while iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) (IS3C.DE) has a volatility of 2.10%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than IS3C.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 | IS3C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 2.10% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 5.14% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 6.18% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 8.94% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 9.30% | -1.48% |
SYBM.DE vs. IS3C.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than IS3C.DE's 0.50% expense ratio.
Dividends
SYBM.DE vs. IS3C.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, while IS3C.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3C.DE iShares J.P. Morgan USD EM Bond EUR Hedged UCITS ETF (Dist) | 0.00% | 0.00% | 0.00% | 3.58% | 5.39% | 3.93% | 3.85% | 4.77% | 5.76% | 3.88% | 5.34% | 4.72% |
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 IS3C.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, IS3C.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3C.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while IS3C.DE tracks JP Morgan EMBI Global Core (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SYBM.DE and 0.50% for IS3C.DE.
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