SYBM.DE vs. IUS7.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and IUS7.DE (iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while IUS7.DE tracks the JP Morgan EMBI Global Core. Both are passively managed. Over the past 10 years, SYBM.DE returned 1.75%/yr vs 3.08%/yr for IUS7.DE. A 0.60 correlation means they provide meaningful diversification when combined. SYBM.DE charges 0.55%/yr vs 0.45%/yr for IUS7.DE.
Performance
SYBM.DE vs. IUS7.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 IUS7.DE's 2.97% return. Over the past 10 years, SYBM.DE has underperformed IUS7.DE with an annualized return of 1.75%, while IUS7.DE has yielded a comparatively higher 3.08% 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%
IUS7.DE
- 1D
- 0.14%
- 1M
- 1.36%
- YTD
- 2.97%
- 6M
- 2.33%
- 1Y
- 9.74%
- 3Y*
- 6.75%
- 5Y*
- 2.86%
- 10Y*
- 3.08%
SYBM.DE vs. IUS7.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% |
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 2.97% | 1.14% | 11.74% | 6.77% | -13.16% | 5.75% | -4.03% | 18.79% | -1.16% | -3.39% |
Correlation
The correlation between SYBM.DE and IUS7.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 23, 2011 | 0.60 |
The correlation between SYBM.DE and IUS7.DE has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
SYBM.DE vs. IUS7.DE — Risk / Return Rank
SYBM.DE
IUS7.DE
SYBM.DE vs. IUS7.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 Emerging Markets Bond UCITS ETF (Dist) (IUS7.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 | IUS7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.00 | -2.13 |
| Martin ratioReturn relative to average drawdown | 2.69 | 9.17 | -6.49 |
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 | IUS7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.55 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.33 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.28 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.61 | -0.38 |
Drawdowns
SYBM.DE vs. IUS7.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, smaller than the maximum IUS7.DE drawdown of -27.13%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and IUS7.DE.
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Drawdown Indicators
| SYBM.DE | IUS7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -27.13% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.09% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -12.95% | +5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -15.90% | +7.26% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -27.13% | +10.77% |
Current DrawdownCurrent decline from peak | -3.09% | 0.00% | -3.09% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -6.48% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.01% | +0.25% |
Volatility
SYBM.DE vs. IUS7.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) has a higher volatility of 1.51% compared to iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) (IUS7.DE) at 1.24%. This indicates that SYBM.DE's price experiences larger fluctuations and is considered to be riskier than IUS7.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 | IUS7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.24% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.03% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.97% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 8.56% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 11.02% | -3.20% |
SYBM.DE vs. IUS7.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than IUS7.DE's 0.45% expense ratio.
Dividends
SYBM.DE vs. IUS7.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, less than IUS7.DE's 5.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS7.DE iShares J.P. Morgan USD Emerging Markets Bond UCITS ETF (Dist) | 5.80% | 6.10% | 5.62% | 5.77% | 5.63% | 3.80% | 4.17% | 4.72% | 4.70% | 5.11% | 5.29% | 4.71% |
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 IUS7.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUS7.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUS7.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 IUS7.DE tracks JP Morgan EMBI Global Core. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SYBM.DE and 0.45% for IUS7.DE.
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