SYBM.DE vs. UEFS.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and UEFS.DE (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist) are both Emerging Markets Bonds funds - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while UEFS.DE tracks the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. Both are passively managed. Over the past 10 years, SYBM.DE returned 1.75%/yr vs 3.55%/yr for UEFS.DE. A 0.57 correlation means they provide meaningful diversification when combined. SYBM.DE charges 0.55%/yr vs 0.25%/yr for UEFS.DE.
Performance
SYBM.DE vs. UEFS.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 UEFS.DE's 3.71% return. Over the past 10 years, SYBM.DE has underperformed UEFS.DE with an annualized return of 1.75%, while UEFS.DE has yielded a comparatively higher 3.55% 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%
UEFS.DE
- 1D
- -0.03%
- 1M
- 1.64%
- YTD
- 3.71%
- 6M
- 3.40%
- 1Y
- 11.85%
- 3Y*
- 8.56%
- 5Y*
- 3.30%
- 10Y*
- 3.55%
SYBM.DE vs. UEFS.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% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 3.71% | 2.37% | 13.84% | 8.28% | -14.67% | 5.66% | -4.70% | 17.07% | 0.35% | -3.07% |
Correlation
The correlation between SYBM.DE and UEFS.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2016 | 0.57 |
The correlation between SYBM.DE and UEFS.DE shifts across timeframes, from 0.55 (5 years) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYBM.DE vs. UEFS.DE — Risk / Return Rank
SYBM.DE
UEFS.DE
SYBM.DE vs. UEFS.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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.38 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 3.96 | -3.09 |
| Martin ratioReturn relative to average drawdown | 2.69 | 12.59 | -9.90 |
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 | UEFS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.98 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.38 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.38 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.44 | -0.21 |
Drawdowns
SYBM.DE vs. UEFS.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, smaller than the maximum UEFS.DE drawdown of -24.26%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and UEFS.DE.
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Drawdown Indicators
| SYBM.DE | UEFS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -24.26% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.87% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -13.70% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -17.84% | +9.20% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -24.26% | +7.90% |
Current DrawdownCurrent decline from peak | -3.09% | -0.03% | -3.06% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -7.41% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.91% | +0.35% |
Volatility
SYBM.DE vs. UEFS.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) has a higher volatility of 1.51% compared to UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist (UEFS.DE) at 1.27%. This indicates that SYBM.DE's price experiences larger fluctuations and is considered to be riskier than UEFS.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 | UEFS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 1.27% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 3.77% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 5.76% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 8.69% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 9.37% | -1.55% |
SYBM.DE vs. UEFS.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than UEFS.DE's 0.25% expense ratio.
Dividends
SYBM.DE vs. UEFS.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, less than UEFS.DE's 6.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UEFS.DE UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) Dist | 6.50% | 7.96% | 6.14% | 6.46% | 6.08% | 4.22% | 5.09% | 4.60% | 4.53% | 4.90% | 2.30% | 0.00% |
Frequently Asked Questions
SYBM.DE and UEFS.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEFS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEFS.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 UEFS.DE tracks Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped. They also come from different issuers: State Street and UBS. Their fees differ too: 0.55% for SYBM.DE and 0.25% for UEFS.DE.
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