SYBM.DE vs. SPFA.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and SPFA.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds from State Street tracking the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 5 years, SYBM.DE returned 1.45%/yr vs 1.46%/yr for SPFA.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.
Performance
SYBM.DE vs. SPFA.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 SPFA.DE's 0.46% 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%
SPFA.DE
- 1D
- -0.01%
- 1M
- 0.39%
- YTD
- 0.46%
- 6M
- 0.45%
- 1Y
- 3.30%
- 3Y*
- 2.58%
- 5Y*
- 1.46%
- 10Y*
- —
SYBM.DE vs. SPFA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.58% |
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.46% | 2.44% | 3.19% | 5.66% | -4.47% | -1.04% | -5.66% | 14.72% | 0.62% |
Correlation
The correlation between SYBM.DE and SPFA.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.86 |
The correlation between SYBM.DE and SPFA.DE has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
SYBM.DE vs. SPFA.DE — Risk / Return Rank
SYBM.DE
SPFA.DE
SYBM.DE vs. SPFA.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 SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.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 | SPFA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.83 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.69 | 2.62 | +0.07 |
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 | SPFA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.62 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.23 | -0.02 |
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 | 0.26 | -0.03 |
Drawdowns
SYBM.DE vs. SPFA.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, which is greater than SPFA.DE's maximum drawdown of -16.39%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and SPFA.DE.
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Drawdown Indicators
| SYBM.DE | SPFA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -16.39% | -2.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -3.96% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -7.66% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -8.51% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -3.19% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -7.62% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.26% | 0.00% |
Volatility
SYBM.DE vs. SPFA.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.51%, while SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SPFA.DE) has a volatility of 1.83%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than SPFA.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 | SPFA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.83% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 4.51% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.31% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 6.24% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 7.05% | +0.77% |
SYBM.DE vs. SPFA.DE - Expense Ratio Comparison
Both SYBM.DE and SPFA.DE have an expense ratio of 0.55%.
Dividends
SYBM.DE vs. SPFA.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, while SPFA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFA.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
With a correlation of 0.91, SYBM.DE and SPFA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBM.DE and SPFA.DE have the same expense ratio: 0.55% per year.
Both ETFs track Bloomberg Emerging Markets Local Currency Liquid Government Bond.
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