SYBM.DE vs. IUSP.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and IUSP.DE (iShares US Property Yield UCITS ETF) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while IUSP.DE tracks the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 10 years, SYBM.DE returned 1.75%/yr vs 2.78%/yr for IUSP.DE. Their correlation of 0.82 suggests significant overlap in exposure. SYBM.DE charges 0.55%/yr vs 0.40%/yr for IUSP.DE.
Performance
SYBM.DE vs. IUSP.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 IUSP.DE's -0.08% return. Over the past 10 years, SYBM.DE has underperformed IUSP.DE with an annualized return of 1.75%, while IUSP.DE has yielded a comparatively higher 2.78% 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%
IUSP.DE
- 1D
- -0.57%
- 1M
- 1.22%
- YTD
- -0.08%
- 6M
- -0.21%
- 1Y
- 5.37%
- 3Y*
- 4.80%
- 5Y*
- 2.97%
- 10Y*
- 2.78%
SYBM.DE vs. IUSP.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% |
IUSP.DE iShares US Property Yield UCITS ETF | -0.08% | 6.45% | 4.79% | 9.50% | -3.59% | -2.39% | -6.15% | 15.54% | -1.76% | 0.77% |
Correlation
The correlation between SYBM.DE and IUSP.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 19, 2011 | 0.82 |
The correlation between SYBM.DE and IUSP.DE has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
SYBM.DE vs. IUSP.DE — Risk / Return Rank
SYBM.DE
IUSP.DE
SYBM.DE vs. IUSP.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 US Property Yield UCITS ETF (IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.15 | -0.28 |
| Martin ratioReturn relative to average drawdown | 2.69 | 3.19 | -0.50 |
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 | IUSP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.86 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.40 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.32 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.13 | +0.10 |
Drawdowns
SYBM.DE vs. IUSP.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, smaller than the maximum IUSP.DE drawdown of -26.42%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and IUSP.DE.
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Drawdown Indicators
| SYBM.DE | IUSP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -26.42% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -4.53% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -7.04% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -9.18% | +0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -19.74% | +3.38% |
Current DrawdownCurrent decline from peak | -3.09% | -1.56% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -9.45% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.65% | -0.39% |
Volatility
SYBM.DE vs. IUSP.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.51%, while iShares US Property Yield UCITS ETF (IUSP.DE) has a volatility of 1.71%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than IUSP.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 | IUSP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.71% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 5.42% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 6.06% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 7.33% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 8.56% | -0.74% |
SYBM.DE vs. IUSP.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than IUSP.DE's 0.40% expense ratio.
Dividends
SYBM.DE vs. IUSP.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, less than IUSP.DE's 5.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSP.DE iShares US Property Yield UCITS ETF | 5.43% | 7.21% | 7.03% | 6.58% | 7.55% | 5.13% | 6.21% | 6.11% | 6.67% | 6.42% | 6.34% | 4.38% |
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 IUSP.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSP.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSP.DE is cheaper with a 0.40% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while IUSP.DE tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SYBM.DE and 0.40% for IUSP.DE.
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