SYBM.DE vs. LYQS.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and LYQS.DE (Amundi USD Emerging Markets Government Bond UCITS ETF (Dist)) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while LYQS.DE tracks the J.P. Morgan EMBI Global Diversified Select Index. Both are passively managed. Over the past 10 years, SYBM.DE returned 1.31%/yr vs 1.37%/yr for LYQS.DE. A 0.59 correlation means they provide meaningful diversification when combined. SYBM.DE charges 0.55%/yr vs 0.25%/yr for LYQS.DE.
Performance
SYBM.DE vs. LYQS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBM.DE achieves a 2.31% return, which is significantly lower than LYQS.DE's 4.61% return. Both investments have delivered pretty close results over the past 10 years, with SYBM.DE having a 1.31% annualized return and LYQS.DE not far ahead at 1.37%.
SYBM.DE
- 1D
- -0.43%
- 1M
- 0.16%
- 6M
- 0.83%
- YTD
- 2.31%
- 1Y
- 5.08%
- 3Y*
- 3.58%
- 5Y*
- 1.70%
- 10Y*
- 1.31%
LYQS.DE
- 1D
- 0.10%
- 1M
- 0.68%
- 6M
- 3.34%
- YTD
- 4.61%
- 1Y
- 10.90%
- 3Y*
- 5.80%
- 5Y*
- 1.43%
- 10Y*
- 1.37%
SYBM.DE vs. LYQS.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 | 2.31% | 2.48% | 3.06% | 5.79% | -4.56% | -0.97% | -5.72% | 14.76% | -1.48% | 0.35% |
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 4.61% | 0.04% | 6.43% | 5.45% | -11.25% | 5.76% | -5.23% | 17.03% | -0.39% | -4.62% |
Correlation
The correlation between SYBM.DE and LYQS.DE is 0.56, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.59 |
The correlation between SYBM.DE and LYQS.DE has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.
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Return for Risk
SYBM.DE vs. LYQS.DE — Risk / Return Rank
SYBM.DE
LYQS.DE
SYBM.DE vs. LYQS.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 Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBM.DE | LYQS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 3.88 | -2.58 |
| Martin ratioReturn relative to average drawdown | 3.93 | 11.90 | -7.97 |
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Drawdowns
SYBM.DE vs. LYQS.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -31.70%, smaller than the maximum LYQS.DE drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and LYQS.DE.
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Drawdown Indicators
| SYBM.DE | LYQS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -33.51% | +1.81% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.80% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -7.60% | -12.78% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -16.18% | +7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -16.37% | -25.61% | +9.24% |
Current DrawdownCurrent decline from peak | -5.31% | -1.60% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -17.12% | -12.89% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.91% | +0.38% |
Volatility
SYBM.DE vs. LYQS.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 0.96%, while Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) (LYQS.DE) has a volatility of 1.07%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than LYQS.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 | LYQS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.07% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 3.93% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.06% | 5.82% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.68% | 9.62% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 17.02% | -9.37% |
SYBM.DE vs. LYQS.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than LYQS.DE's 0.25% expense ratio.
Dividends
SYBM.DE vs. LYQS.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 4.98%, less than LYQS.DE's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LYQS.DE Amundi USD Emerging Markets Government Bond UCITS ETF (Dist) | 5.12% | 5.36% | 3.57% | 6.06% | 6.00% | 4.33% | 4.48% | 5.10% | 5.08% | 5.40% | 5.15% | 6.61% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 4.98% | 5.01% | 4.74% | 4.21% | 4.29% | 3.90% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
SYBM.DE and LYQS.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LYQS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LYQS.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 LYQS.DE tracks J.P. Morgan EMBI Global Diversified Select Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.55% for SYBM.DE and 0.25% for LYQS.DE.
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