SYBT.DE vs. XUTD.DE
SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) and XUTD.DE (Xtrackers II US Treasuries UCITS ETF 1D) are both Government Bonds funds - SYBT.DE tracks the Bloomberg US Treasury while XUTD.DE tracks the iBoxx USD Treasuries Index. Both are passively managed. Over the past 10 years, SYBT.DE returned 0.75%/yr vs 0.68%/yr for XUTD.DE. With a 0.98 correlation, they move nearly in lockstep. SYBT.DE charges 0.15%/yr vs 0.06%/yr for XUTD.DE.
Performance
SYBT.DE vs. XUTD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBT.DE achieves a 0.91% return, which is significantly lower than XUTD.DE's 1.08% return. Over the past 10 years, SYBT.DE has outperformed XUTD.DE with an annualized return of 0.75%, while XUTD.DE has yielded a comparatively lower 0.68% annualized return.
SYBT.DE
- 1D
- -0.19%
- 1M
- 0.79%
- YTD
- 0.91%
- 6M
- 0.11%
- 1Y
- 1.42%
- 3Y*
- 0.03%
- 5Y*
- 0.43%
- 10Y*
- 0.75%
XUTD.DE
- 1D
- 0.08%
- 1M
- 0.88%
- YTD
- 1.08%
- 6M
- 0.34%
- 1Y
- 1.80%
- 3Y*
- 0.11%
- 5Y*
- 0.47%
- 10Y*
- 0.68%
SYBT.DE vs. XUTD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 0.91% | -5.48% | 6.46% | 0.26% | -7.00% | 5.72% | -1.94% | 10.87% | 5.29% | -10.13% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 1.08% | -5.37% | 6.37% | 0.41% | -7.33% | 5.70% | -1.66% | 9.76% | 5.24% | -9.99% |
Correlation
The correlation between SYBT.DE and XUTD.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2016 | 0.98 |
The correlation between SYBT.DE and XUTD.DE has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
SYBT.DE vs. XUTD.DE — Risk / Return Rank
SYBT.DE
XUTD.DE
SYBT.DE vs. XUTD.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 Xtrackers II US Treasuries UCITS ETF 1D (XUTD.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.
| SYBT.DE | XUTD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.46 | -0.12 |
| Martin ratioReturn relative to average drawdown | 0.88 | 1.12 | -0.25 |
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
| SYBT.DE | XUTD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.25 | 0.32 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.06 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | 0.08 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.05 | +0.29 |
Drawdowns
SYBT.DE vs. XUTD.DE - Drawdown Comparison
The maximum SYBT.DE drawdown since its inception was -17.66%, roughly equal to the maximum XUTD.DE drawdown of -18.01%. Use the drawdown chart below to compare losses from any high point for SYBT.DE and XUTD.DE.
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Drawdown Indicators
| SYBT.DE | XUTD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.66% | -18.01% | +0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.22% | -3.92% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -11.06% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -13.06% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -17.66% | -18.01% | +0.35% |
Current DrawdownCurrent decline from peak | -13.25% | -13.39% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -9.35% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.60% | +0.02% |
Volatility
SYBT.DE vs. XUTD.DE - Volatility Comparison
SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a higher volatility of 1.34% compared to Xtrackers II US Treasuries UCITS ETF 1D (XUTD.DE) at 0.92%. This indicates that SYBT.DE's price experiences larger fluctuations and is considered to be riskier than XUTD.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 | XUTD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.92% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.16% | 3.82% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.77% | 5.56% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.18% | 8.15% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.74% | 7.94% | -0.20% |
SYBT.DE vs. XUTD.DE - Expense Ratio Comparison
SYBT.DE has a 0.15% expense ratio, which is higher than XUTD.DE's 0.06% 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. XUTD.DE - Dividend Comparison
SYBT.DE's dividend yield for the trailing twelve months is around 3.62%, more than XUTD.DE's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.62% | 3.70% | 2.94% | 2.22% | 1.31% | 0.92% | 1.98% | 3.24% | 1.58% | 1.66% | 1.29% | 1.25% |
XUTD.DE Xtrackers II US Treasuries UCITS ETF 1D | 3.47% | 3.43% | 3.53% | 2.45% | 1.97% | 3.26% | 1.18% | 1.46% | 1.26% | 1.51% | 1.97% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, SYBT.DE and XUTD.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, XUTD.DE is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTD.DE is cheaper with a 0.06% expense ratio, compared with 0.15% for SYBT.DE.
SYBT.DE tracks Bloomberg US Treasury, while XUTD.DE tracks iBoxx USD Treasuries Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.15% for SYBT.DE and 0.06% for XUTD.DE.
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