SYBM.DE vs. ZPR6.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds from State Street - SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 5 years, SYBM.DE returned 1.45%/yr vs 0.23%/yr for ZPR6.DE. At a 0.24 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.47%/yr for ZPR6.DE.
Performance
SYBM.DE vs. ZPR6.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 ZPR6.DE's 0.15% 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%
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.19%
- YTD
- 0.15%
- 6M
- 0.48%
- 1Y
- 3.15%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
SYBM.DE vs. ZPR6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | -0.95% | -5.71% | 6.13% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -9.09% | -1.17% | 0.69% | -0.12% |
Correlation
The correlation between SYBM.DE and ZPR6.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.24 |
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Return for Risk
SYBM.DE vs. ZPR6.DE — Risk / Return Rank
SYBM.DE
ZPR6.DE
SYBM.DE vs. ZPR6.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 ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.74 | -0.87 |
| Martin ratioReturn relative to average drawdown | 2.69 | 7.22 | -4.53 |
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 | ZPR6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 1.26 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.05 | +0.15 |
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 | 0.07 | +0.17 |
Drawdowns
SYBM.DE vs. ZPR6.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, which is greater than ZPR6.DE's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and ZPR6.DE.
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Drawdown Indicators
| SYBM.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -13.50% | -5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -1.80% | -2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -1.80% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -13.50% | +4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -0.37% | -2.72% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -4.62% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.43% | +0.83% |
Volatility
SYBM.DE vs. ZPR6.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) has a higher volatility of 1.51% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 0.61%. This indicates that SYBM.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 0.61% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 2.11% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 2.48% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 4.41% | +2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 5.13% | +2.69% |
SYBM.DE vs. ZPR6.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than ZPR6.DE's 0.47% expense ratio.
Dividends
SYBM.DE vs. ZPR6.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, while ZPR6.DE has not paid dividends to shareholders.
| 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% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBM.DE and ZPR6.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR6.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR6.DE is cheaper with a 0.47% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Their fees differ too: 0.55% for SYBM.DE and 0.47% for ZPR6.DE.
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