SYBT.DE vs. 3GLE.L
SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) and 3GLE.L (Leverage Shares 3x Long Gold ETP Securities) are both exchange-traded funds - SYBT.DE is a Government Bonds fund tracking the Bloomberg US Treasury, while 3GLE.L is a Leveraged Commodities fund actively managed by Leverage Shares. SYBT.DE is passively managed, while 3GLE.L is actively managed. Over the past 3 years, SYBT.DE returned 1.85%/yr vs 50.08%/yr for 3GLE.L. At a 0.04 correlation, their price movements are largely independent. SYBT.DE charges 0.15%/yr vs 0.75%/yr for 3GLE.L.
Performance
SYBT.DE vs. 3GLE.L - Performance Comparison
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Different Trading Currencies
SYBT.DE is traded in EUR, while 3GLE.L is traded in USD. To make them comparable, the 3GLE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SYBT.DE achieves a 3.92% return, which is significantly higher than 3GLE.L's -32.35% return.
SYBT.DE
- 1D
- -0.13%
- 1M
- 2.88%
- YTD
- 3.92%
- 6M
- 4.22%
- 1Y
- 6.21%
- 3Y*
- 1.85%
- 5Y*
- 0.61%
- 10Y*
- 0.46%
3GLE.L
- 1D
- 0.54%
- 1M
- -24.14%
- YTD
- -32.35%
- 6M
- -40.53%
- 1Y
- 24.28%
- 3Y*
- 50.08%
- 5Y*
- —
- 10Y*
- —
SYBT.DE vs. 3GLE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.92% | -5.47% | 6.40% | 0.26% | -3.78% |
3GLE.L Leverage Shares 3x Long Gold ETP Securities | -32.35% | 154.64% | 78.86% | 12.97% | -18.43% |
Correlation
The correlation between SYBT.DE and 3GLE.L is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022 | 0.04 |
The correlation between SYBT.DE and 3GLE.L shifts across timeframes, from -0.23 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBT.DE vs. 3GLE.L — Risk / Return Rank
SYBT.DE
3GLE.L
SYBT.DE vs. 3GLE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) and Leverage Shares 3x Long Gold ETP Securities (3GLE.L). 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.
| SYBT.DE | 3GLE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.37 | +1.10 |
| Martin ratioReturn relative to average drawdown | 4.02 | 0.90 | +3.12 |
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Drawdowns
SYBT.DE vs. 3GLE.L - Drawdown Comparison
The maximum SYBT.DE drawdown since its inception was -32.76%, smaller than the maximum 3GLE.L drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for SYBT.DE and 3GLE.L.
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Drawdown Indicators
| SYBT.DE | 3GLE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -61.50% | +28.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -61.50% | +57.29% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -61.50% | +50.48% |
Max Drawdown (5Y)Largest decline over 5 years | -13.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.66% | — | — |
Current DrawdownCurrent decline from peak | -10.69% | -61.29% | +50.60% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -13.91% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 25.33% | -23.79% |
Volatility
SYBT.DE vs. 3GLE.L - Volatility Comparison
The current volatility for SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) is 1.76%, while Leverage Shares 3x Long Gold ETP Securities (3GLE.L) has a volatility of 26.06%. This indicates that SYBT.DE experiences smaller price fluctuations and is considered to be less risky than 3GLE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBT.DE | 3GLE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 26.06% | -24.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 69.34% | -64.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 79.44% | -73.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 53.59% | -45.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 53.59% | -46.02% |
SYBT.DE vs. 3GLE.L - Expense Ratio Comparison
SYBT.DE has a 0.15% expense ratio, which is lower than 3GLE.L's 0.75% expense ratio.
Dividends
SYBT.DE vs. 3GLE.L - Dividend Comparison
SYBT.DE's dividend yield for the trailing twelve months is around 3.51%, while 3GLE.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3GLE.L Leverage Shares 3x Long Gold ETP Securities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.51% | 3.70% | 2.92% | 2.21% | 1.31% | 0.92% | 1.98% | 2.11% | 1.58% | 1.66% | 1.29% | 1.25% |
Frequently Asked Questions
SYBT.DE and 3GLE.L have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBT.DE is cheaper with a 0.15% expense ratio, compared with 0.75% for 3GLE.L.
SYBT.DE is categorized as Government Bonds, while 3GLE.L is Leveraged Commodities. They also come from different issuers: State Street and Leverage Shares. Their fees differ too: 0.15% for SYBT.DE and 0.75% for 3GLE.L.
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