SYBV.DE vs. EIB5.DE

Last updated Jul 18, 2026

SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and EIB5.DE (Invesco Euro Government Bond 3-5 Year UCITS ETF Dist) are both European Government Bonds funds - SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index while EIB5.DE tracks the Bloomberg Euro Government Select 3-5. Both are passively managed. Over the past 5 years, SYBV.DE returned -7.05%/yr vs -0.40%/yr for EIB5.DE. Their correlation of 0.80 suggests significant overlap in exposure. SYBV.DE charges 0.15%/yr vs 0.10%/yr for EIB5.DE.

Performance

SYBV.DE vs. EIB5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) and Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYBV.DE achieves a -0.78% return, which is significantly lower than EIB5.DE's -0.71% return.

SYBV.DE

• 1D: 0.22%
• 1M: -2.43%
• 6M: -1.68%
• YTD: -0.78%
• 1Y: -1.03%
• 3Y*: 0.10%
• 5Y*: -7.05%
• 10Y*: -2.07%

EIB5.DE

• 1D: -0.06%
• 1M: -0.61%
• 6M: -0.87%
• YTD: -0.71%
• 1Y: 0.23%
• 3Y*: 2.75%
• 5Y*: -0.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBV.DE vs. EIB5.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)	-0.78%	-3.55%	-0.53%	9.88%	-32.00%	-6.75%	10.69%	-6.09%
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist	-0.71%	2.92%	2.22%	5.31%	-10.04%	-1.25%	1.21%	-1.13%

Correlation

The correlation between SYBV.DE and EIB5.DE is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Aug 28, 2019	0.80

Over the past year, the correlation between SYBV.DE and EIB5.DE has dropped to 0.55 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

Return for Risk

SYBV.DE vs. EIB5.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYBV.DE

SYBV.DE Risk / Return Rank: 8
SYBV.DE Sharpe Ratio Rank: 9
SYBV.DE Sortino Ratio Rank: 8
SYBV.DE Omega Ratio Rank: 8
SYBV.DE Calmar Ratio Rank: 8
SYBV.DE Martin Ratio Rank: 8

EIB5.DE

EIB5.DE Risk / Return Rank: 11
EIB5.DE Sharpe Ratio Rank: 11
EIB5.DE Sortino Ratio Rank: 10
EIB5.DE Omega Ratio Rank: 10
EIB5.DE Calmar Ratio Rank: 12
EIB5.DE Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SYBV.DE vs. EIB5.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) and Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.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.

	SYBV.DE	EIB5.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	0.06	-0.19
Sortino ratio: Return per unit of downside risk	-0.12	0.11	-0.24
Omega ratio: Gain probability vs. loss probability	0.99	1.01	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.19	0.09	-0.27
Martin ratio: Return relative to average drawdown	-0.39	0.21	-0.60

SYBV.DE vs. EIB5.DE - Sharpe Ratio Comparison

The current SYBV.DE Sharpe Ratio is -0.13, which is lower than the EIB5.DE Sharpe Ratio of 0.06. The chart below compares the historical Sharpe Ratios of SYBV.DE and EIB5.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SYBV.DE vs. EIB5.DE - Drawdown Comparison

The maximum SYBV.DE drawdown since its inception was -40.94%, which is greater than EIB5.DE's maximum drawdown of -12.19%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and EIB5.DE.

Drawdown Indicators

	SYBV.DE	EIB5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-40.94%	-12.19%	-28.75%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-2.54%	-3.02%
Max Drawdown (3Y) Largest decline over 3 years	-10.05%	-2.54%	-7.51%
Max Drawdown (5Y) Largest decline over 5 years	-39.22%	-12.06%	-27.16%
Max Drawdown (10Y) Largest decline over 10 years	-40.94%	—	—
Current Drawdown Current decline from peak	-34.24%	-2.50%	-31.74%
Average Drawdown Average peak-to-trough decline	-16.95%	-4.30%	-12.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.64%	1.09%	+1.55%

Volatility

SYBV.DE vs. EIB5.DE - Volatility Comparison

State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) has a higher volatility of 2.14% compared to Invesco Euro Government Bond 3-5 Year UCITS ETF Dist (EIB5.DE) at 1.39%. This indicates that SYBV.DE's price experiences larger fluctuations and is considered to be riskier than EIB5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBV.DE	EIB5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.14%	1.39%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	6.36%	3.16%	+3.20%
Volatility (1Y) Calculated over the trailing 1-year period	8.01%	3.66%	+4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.29%	3.84%	+8.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.42%	3.44%	+6.98%

SYBV.DE vs. EIB5.DE - Expense Ratio Comparison

SYBV.DE has a 0.15% expense ratio, which is higher than EIB5.DE's 0.10% 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

SYBV.DE vs. EIB5.DE - Dividend Comparison

SYBV.DE's dividend yield for the trailing twelve months is around 3.41%, more than EIB5.DE's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EIB5.DE Invesco Euro Government Bond 3-5 Year UCITS ETF Dist	2.49%	2.50%	2.73%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)	3.41%	3.31%	2.82%	2.01%	0.89%	0.51%	0.76%	1.23%	1.34%	1.47%	0.59%

Frequently Asked Questions

Can I hold both SYBV.DE and EIB5.DE in my portfolio?

SYBV.DE and EIB5.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYBV.DE or EIB5.DE?

On fees, EIB5.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYBV.DE or EIB5.DE?

EIB5.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SYBV.DE.

What is the main difference between SYBV.DE and EIB5.DE?

SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while EIB5.DE tracks Bloomberg Euro Government Select 3-5. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for SYBV.DE and 0.10% for EIB5.DE.