SYBV.DE vs. EL4K.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and EL4K.DE (Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF) are both European Government Bonds funds - SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index while EL4K.DE tracks the iBoxx® EUR Liquid Sovereigns Diversified 1-10. Both are passively managed. Over the past 10 years, SYBV.DE returned -2.07%/yr vs -0.42%/yr for EL4K.DE. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
SYBV.DE vs. EL4K.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBV.DE achieves a -0.78% return, which is significantly lower than EL4K.DE's -0.25% return. Over the past 10 years, SYBV.DE has underperformed EL4K.DE with an annualized return of -2.07%, while EL4K.DE has yielded a comparatively higher -0.42% annualized 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%
EL4K.DE
- 1D
- 0.00%
- 1M
- -1.02%
- 6M
- -0.66%
- YTD
- -0.25%
- 1Y
- 0.26%
- 3Y*
- 2.45%
- 5Y*
- -2.29%
- 10Y*
- -0.42%
SYBV.DE vs. EL4K.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 15.42% | 2.38% | -0.74% |
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | -0.25% | 1.88% | 1.40% | 7.39% | -18.13% | -2.54% | 3.36% | 5.14% | 1.09% | 0.30% |
Correlation
The correlation between SYBV.DE and EL4K.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.91 |
The correlation between SYBV.DE and EL4K.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
SYBV.DE vs. EL4K.DE — Risk / Return Rank
SYBV.DE
EL4K.DE
SYBV.DE vs. EL4K.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 Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.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 | EL4K.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.02 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.08 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.39 | 0.19 | -0.58 |
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Drawdowns
SYBV.DE vs. EL4K.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, which is greater than EL4K.DE's maximum drawdown of -21.22%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and EL4K.DE.
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Drawdown Indicators
| SYBV.DE | EL4K.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -21.22% | -19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -3.38% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -3.38% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -21.02% | -18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | -21.22% | -19.72% |
Current DrawdownCurrent decline from peak | -34.24% | -12.03% | -22.21% |
Average DrawdownAverage peak-to-trough decline | -16.95% | -4.83% | -12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 1.34% | +1.30% |
Volatility
SYBV.DE vs. EL4K.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 Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF (EL4K.DE) at 1.05%. This indicates that SYBV.DE's price experiences larger fluctuations and is considered to be riskier than EL4K.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBV.DE | EL4K.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 1.05% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 3.45% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 3.94% | +4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 6.39% | +5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 5.12% | +5.30% |
SYBV.DE vs. EL4K.DE - Expense Ratio Comparison
Both SYBV.DE and EL4K.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYBV.DE vs. EL4K.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.41%, more than EL4K.DE's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4K.DE Deka iBoxx EUR Liquid Sovereign Diversified 1-10 UCITS ETF | 2.82% | 1.58% | 1.25% | 1.24% | 0.56% | 0.60% | 0.67% | 0.89% | 0.81% | 1.90% | 1.92% | 2.45% |
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% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, SYBV.DE and EL4K.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBV.DE and EL4K.DE have the same expense ratio: 0.15% per year.
SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while EL4K.DE tracks iBoxx® EUR Liquid Sovereigns Diversified 1-10. They also come from different issuers: State Street and Deka.
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