SYBT.DE vs. ELFE.DE
SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) and ELFE.DE (Deka US Treasury 7-10 UCITS ETF ) are both Government Bonds funds - SYBT.DE tracks the Bloomberg US Treasury while ELFE.DE tracks the Solactive US Treasury 7-10 Q Series USD. Both are passively managed. Over the past 5 years, SYBT.DE returned 0.61%/yr vs 0.17%/yr for ELFE.DE. Their correlation of 0.94 suggests significant overlap in exposure. SYBT.DE charges 0.15%/yr vs 0.07%/yr for ELFE.DE.
Performance
SYBT.DE vs. ELFE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBT.DE achieves a 3.92% return, which is significantly higher than ELFE.DE's 3.42% 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%
ELFE.DE
- 1D
- 0.06%
- 1M
- 3.00%
- YTD
- 3.42%
- 6M
- 3.87%
- 1Y
- 5.68%
- 3Y*
- 1.83%
- 5Y*
- 0.17%
- 10Y*
- —
SYBT.DE vs. ELFE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.92% | -5.47% | 6.40% | 0.26% | -7.00% | 5.72% | -1.94% | 0.09% |
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 3.42% | -3.68% | 5.37% | 0.04% | -9.38% | 4.03% | -0.67% | -11.31% |
Correlation
The correlation between SYBT.DE and ELFE.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2019 | 0.94 |
The correlation between SYBT.DE and ELFE.DE has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
SYBT.DE vs. ELFE.DE — Risk / Return Rank
SYBT.DE
ELFE.DE
SYBT.DE vs. ELFE.DE - 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 Deka US Treasury 7-10 UCITS ETF (ELFE.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.
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 | ELFE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.25 | +0.22 |
| Martin ratioReturn relative to average drawdown | 4.02 | 3.19 | +0.83 |
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Drawdowns
SYBT.DE vs. ELFE.DE - Drawdown Comparison
The maximum SYBT.DE drawdown since its inception was -32.76%, which is greater than ELFE.DE's maximum drawdown of -21.72%. Use the drawdown chart below to compare losses from any high point for SYBT.DE and ELFE.DE.
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Drawdown Indicators
| SYBT.DE | ELFE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -21.72% | -11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -4.53% | +0.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -10.45% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -13.07% | -15.39% | +2.32% |
Max Drawdown (10Y)Largest decline over 10 years | -17.66% | — | — |
Current DrawdownCurrent decline from peak | -10.69% | -14.41% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -14.19% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.78% | -0.24% |
Volatility
SYBT.DE vs. ELFE.DE - Volatility Comparison
SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a higher volatility of 1.76% compared to Deka US Treasury 7-10 UCITS ETF (ELFE.DE) at 1.41%. This indicates that SYBT.DE's price experiences larger fluctuations and is considered to be riskier than ELFE.DE 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 | ELFE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.41% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 4.27% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 6.10% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.07% | 8.98% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 9.23% | -1.66% |
SYBT.DE vs. ELFE.DE - Expense Ratio Comparison
SYBT.DE has a 0.15% expense ratio, which is higher than ELFE.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYBT.DE vs. ELFE.DE - Dividend Comparison
SYBT.DE's dividend yield for the trailing twelve months is around 3.51%, less than ELFE.DE's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELFE.DE Deka US Treasury 7-10 UCITS ETF | 4.24% | 3.84% | 2.83% | 2.04% | 1.74% | 1.28% | 1.20% | 0.24% | 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 ELFE.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ELFE.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ELFE.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYBT.DE.
SYBT.DE tracks Bloomberg US Treasury, while ELFE.DE tracks Solactive US Treasury 7-10 Q Series USD. They also come from different issuers: State Street and Deka Investment GmbH. Their fees differ too: 0.15% for SYBT.DE and 0.07% for ELFE.DE.
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