SYBM.DE vs. ZPRC.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and ZPRC.DE (SPDR Refinitiv Global Convertible Bond UCITS ETF) are both exchange-traded funds - SYBM.DE is a Emerging Markets Bonds fund tracking the Bloomberg Emerging Markets Local Currency Liquid Government Bond, while ZPRC.DE is a Convertible Bonds fund tracking the Refinitiv Qualified Global Convertible. Both are passively managed. Over the past 10 years, SYBM.DE returned 1.75%/yr vs 8.83%/yr for ZPRC.DE. At a 0.45 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.50%/yr for ZPRC.DE.
Performance
SYBM.DE vs. ZPRC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYBM.DE achieves a 0.49% return, which is significantly lower than ZPRC.DE's 19.28% return. Over the past 10 years, SYBM.DE has underperformed ZPRC.DE with an annualized return of 1.75%, while ZPRC.DE has yielded a comparatively higher 8.83% 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%
ZPRC.DE
- 1D
- -0.38%
- 1M
- 4.36%
- YTD
- 19.28%
- 6M
- 19.64%
- 1Y
- 33.40%
- 3Y*
- 16.27%
- 5Y*
- 7.58%
- 10Y*
- 8.83%
SYBM.DE vs. ZPRC.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% |
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 19.28% | 11.36% | 13.71% | 10.51% | -15.60% | 5.44% | 24.70% | 16.78% | -1.19% | -1.51% |
Correlation
The correlation between SYBM.DE and ZPRC.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.45 |
The correlation between SYBM.DE and ZPRC.DE shifts across timeframes, from 0.39 (5 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SYBM.DE vs. ZPRC.DE — Risk / Return Rank
SYBM.DE
ZPRC.DE
SYBM.DE vs. ZPRC.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 Refinitiv Global Convertible Bond UCITS ETF (ZPRC.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 | ZPRC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.53 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 6.98 | -6.10 |
| Martin ratioReturn relative to average drawdown | 2.69 | 25.17 | -22.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SYBM.DE | ZPRC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 2.93 | -2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.71 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.82 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.82 | -0.58 |
Drawdowns
SYBM.DE vs. ZPRC.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, smaller than the maximum ZPRC.DE drawdown of -23.49%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and ZPRC.DE.
Loading charts...
Drawdown Indicators
| SYBM.DE | ZPRC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -23.49% | +4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -4.80% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -13.00% | +5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -20.71% | +12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -23.49% | +7.13% |
Current DrawdownCurrent decline from peak | -3.09% | -0.38% | -2.71% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -6.01% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 1.33% | -0.07% |
Volatility
SYBM.DE vs. ZPRC.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) is 1.51%, while SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) has a volatility of 3.94%. This indicates that SYBM.DE experiences smaller price fluctuations and is considered to be less risky than ZPRC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBM.DE | ZPRC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 3.94% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 9.36% | -5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 11.45% | -6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 10.54% | -3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 10.76% | -2.94% |
SYBM.DE vs. ZPRC.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than ZPRC.DE's 0.50% expense ratio.
Dividends
SYBM.DE vs. ZPRC.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, more than ZPRC.DE's 0.57% 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% |
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 0.57% | 0.68% | 0.46% | 0.23% | 0.24% | 0.16% | 0.32% | 0.41% | 0.36% | 0.51% | 0.61% | 0.69% |
Frequently Asked Questions
SYBM.DE and ZPRC.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRC.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRC.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE is categorized as Emerging Markets Bonds, while ZPRC.DE is Convertible Bonds. SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while ZPRC.DE tracks Refinitiv Qualified Global Convertible. Their fees differ too: 0.55% for SYBM.DE and 0.50% for ZPRC.DE.
Find the right allocation for SYBM.DE and ZPRC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer