SYBV.DE vs. EL4S.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and EL4S.DE (Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF) are both European Government Bonds funds - SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index while EL4S.DE tracks the Deutsche Börse EUROGOV® Germany 1-3. Both are passively managed. Over the past 10 years, SYBV.DE returned -1.97%/yr vs -0.17%/yr for EL4S.DE. A 0.55 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
SYBV.DE vs. EL4S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBV.DE achieves a 1.15% return, which is significantly higher than EL4S.DE's 0.53% return. Over the past 10 years, SYBV.DE has underperformed EL4S.DE with an annualized return of -1.97%, while EL4S.DE has yielded a comparatively higher -0.17% annualized return.
SYBV.DE
- 1D
- -0.26%
- 1M
- 1.06%
- 6M
- 1.99%
- YTD
- 1.15%
- 1Y
- -0.58%
- 3Y*
- 1.11%
- 5Y*
- -6.34%
- 10Y*
- -1.97%
EL4S.DE
- 1D
- -0.05%
- 1M
- 0.43%
- 6M
- 0.51%
- YTD
- 0.53%
- 1Y
- 0.95%
- 3Y*
- 2.48%
- 5Y*
- 0.45%
- 10Y*
- -0.17%
SYBV.DE vs. EL4S.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) | 1.15% | -3.55% | -0.53% | 9.88% | -32.00% | -6.75% | 10.69% | 15.42% | 2.38% | -0.74% |
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 0.53% | 1.65% | 2.76% | 2.50% | -4.56% | -0.96% | -0.79% | -0.84% | -0.57% | -1.08% |
Correlation
The correlation between SYBV.DE and EL4S.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.55 |
The correlation between SYBV.DE and EL4S.DE shifts across timeframes, from 0.55 (all time) to 0.66 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBV.DE vs. EL4S.DE — Risk / Return Rank
SYBV.DE
EL4S.DE
SYBV.DE vs. EL4S.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 Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.92 | -1.02 |
| Martin ratioReturn relative to average drawdown | -0.23 | 2.87 | -3.10 |
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Drawdowns
SYBV.DE vs. EL4S.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, which is greater than EL4S.DE's maximum drawdown of -9.45%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and EL4S.DE.
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Drawdown Indicators
| SYBV.DE | EL4S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -9.45% | -31.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -1.03% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -1.03% | -9.02% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -5.86% | -33.36% |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | -9.45% | -31.49% |
Current DrawdownCurrent decline from peak | -32.96% | -1.76% | -31.20% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -2.17% | -14.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.33% | +2.20% |
Volatility
SYBV.DE vs. EL4S.DE - Volatility Comparison
State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) has a higher volatility of 1.81% compared to Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF (EL4S.DE) at 0.25%. This indicates that SYBV.DE's price experiences larger fluctuations and is considered to be riskier than EL4S.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 | EL4S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 0.25% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 0.98% | +5.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 1.13% | +6.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 1.47% | +10.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 1.13% | +9.29% |
SYBV.DE vs. EL4S.DE - Expense Ratio Comparison
Both SYBV.DE and EL4S.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. EL4S.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.35%, more than EL4S.DE's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4S.DE Deka Deutsche Boerse EUROGOV Germany 1-3 UCITS ETF | 1.48% | 1.20% | 0.83% | 0.60% | 0.88% | 0.94% | 0.78% | 1.06% | 0.99% | 1.63% | 1.46% | 1.60% |
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | 3.35% | 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
SYBV.DE and EL4S.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 EL4S.DE have the same expense ratio: 0.15% per year.
SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while EL4S.DE tracks Deutsche Börse EUROGOV® Germany 1-3. They also come from different issuers: State Street and Deka.
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