SYBT.DE vs. IUSM.DE
SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) and IUSM.DE (iShares USD Treasury Bond 7-10yr UCITS ETF (Dist)) are both Government Bonds funds - SYBT.DE tracks the Bloomberg US Treasury while IUSM.DE tracks the ICE US Treasury 7-10 Year. Both are passively managed. Over the past 10 years, SYBT.DE returned 0.45%/yr vs 0.29%/yr for IUSM.DE. Their correlation of 0.93 suggests significant overlap in exposure. SYBT.DE charges 0.15%/yr vs 0.07%/yr for IUSM.DE.
Performance
SYBT.DE vs. IUSM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYBT.DE achieves a 4.06% return, which is significantly higher than IUSM.DE's 3.43% return. Over the past 10 years, SYBT.DE has outperformed IUSM.DE with an annualized return of 0.45%, while IUSM.DE has yielded a comparatively lower 0.29% annualized return.
SYBT.DE
- 1D
- -0.14%
- 1M
- 3.09%
- YTD
- 4.06%
- 6M
- 4.35%
- 1Y
- 5.87%
- 3Y*
- 1.67%
- 5Y*
- 0.63%
- 10Y*
- 0.45%
IUSM.DE
- 1D
- -0.08%
- 1M
- 3.24%
- YTD
- 3.43%
- 6M
- 3.92%
- 1Y
- 6.04%
- 3Y*
- 1.53%
- 5Y*
- 0.13%
- 10Y*
- 0.29%
SYBT.DE vs. IUSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 4.06% | -5.47% | 6.40% | 0.26% | -7.00% | 5.72% | -1.94% | 9.55% | 5.29% | -10.13% |
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 3.43% | -3.56% | 5.27% | 0.00% | -9.60% | 5.10% | -0.01% | 11.55% | 5.19% | -9.84% |
Correlation
The correlation between SYBT.DE and IUSM.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2011 | 0.93 |
The correlation between SYBT.DE and IUSM.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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
SYBT.DE vs. IUSM.DE — Risk / Return Rank
SYBT.DE
IUSM.DE
SYBT.DE vs. IUSM.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 iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.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 | IUSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.19 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.35 | +0.03 |
| Martin ratioReturn relative to average drawdown | 3.80 | 3.48 | +0.32 |
Loading charts...
Drawdowns
SYBT.DE vs. IUSM.DE - Drawdown Comparison
The maximum SYBT.DE drawdown since its inception was -32.76%, which is greater than IUSM.DE's maximum drawdown of -21.00%. Use the drawdown chart below to compare losses from any high point for SYBT.DE and IUSM.DE.
Loading charts...
Drawdown Indicators
| SYBT.DE | IUSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -21.00% | -11.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | -4.45% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -10.66% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -13.07% | -15.56% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -17.66% | -21.00% | +3.34% |
Current DrawdownCurrent decline from peak | -10.58% | -13.51% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -9.60% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.73% | -0.19% |
Volatility
SYBT.DE vs. IUSM.DE - Volatility Comparison
SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a higher volatility of 1.83% compared to iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) (IUSM.DE) at 1.43%. This indicates that SYBT.DE's price experiences larger fluctuations and is considered to be riskier than IUSM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBT.DE | IUSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.83% | 1.43% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 4.10% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.90% | 5.78% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.08% | 8.96% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 8.21% | -0.62% |
SYBT.DE vs. IUSM.DE - Expense Ratio Comparison
SYBT.DE has a 0.15% expense ratio, which is higher than IUSM.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. IUSM.DE - Dividend Comparison
SYBT.DE's dividend yield for the trailing twelve months is around 3.51%, less than IUSM.DE's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSM.DE iShares USD Treasury Bond 7-10yr UCITS ETF (Dist) | 4.20% | 4.25% | 3.91% | 3.15% | 2.01% | 1.12% | 1.71% | 2.49% | 2.39% | 2.07% | 1.85% | 2.03% |
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
With a correlation of 0.92, SYBT.DE and IUSM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUSM.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSM.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYBT.DE.
SYBT.DE tracks Bloomberg US Treasury, while IUSM.DE tracks ICE US Treasury 7-10 Year. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SYBT.DE and 0.07% for IUSM.DE.
Find the right allocation for SYBT.DE and IUSM.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