SYBV.DE vs. EUNH.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and EUNH.DE (iShares Core Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index while EUNH.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 10 years, SYBV.DE returned -2.07%/yr vs -0.68%/yr for EUNH.DE. Their correlation of 0.95 suggests significant overlap in exposure. SYBV.DE charges 0.15%/yr vs 0.07%/yr for EUNH.DE.
Performance
SYBV.DE vs. EUNH.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 higher than EUNH.DE's -1.68% return. Over the past 10 years, SYBV.DE has underperformed EUNH.DE with an annualized return of -2.07%, while EUNH.DE has yielded a comparatively higher -0.68% 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%
EUNH.DE
- 1D
- 0.05%
- 1M
- -1.10%
- 6M
- -0.68%
- YTD
- -1.68%
- 1Y
- -1.17%
- 3Y*
- 1.61%
- 5Y*
- -2.85%
- 10Y*
- -0.68%
SYBV.DE vs. EUNH.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% |
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | -1.68% | 0.80% | 1.52% | 6.83% | -18.31% | -3.38% | 4.72% | 6.76% | 0.86% | -0.13% |
Correlation
The correlation between SYBV.DE and EUNH.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 Feb 17, 2016 | 0.95 |
The correlation between SYBV.DE and EUNH.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.
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Return for Risk
SYBV.DE vs. EUNH.DE — Risk / Return Rank
SYBV.DE
EUNH.DE
SYBV.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.96 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | -0.32 | +0.14 |
| Martin ratioReturn relative to average drawdown | -0.39 | -0.74 | +0.35 |
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Drawdowns
SYBV.DE vs. EUNH.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, which is greater than EUNH.DE's maximum drawdown of -22.42%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and EUNH.DE.
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Drawdown Indicators
| SYBV.DE | EUNH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -22.42% | -18.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -3.59% | -1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -4.10% | -5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -21.53% | -17.69% |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | -22.42% | -18.52% |
Current DrawdownCurrent decline from peak | -34.24% | -15.48% | -18.76% |
Average DrawdownAverage peak-to-trough decline | -16.95% | -5.88% | -11.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 1.57% | +1.07% |
Volatility
SYBV.DE vs. EUNH.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 iShares Core Euro Government Bond UCITS ETF (Dist) (EUNH.DE) at 1.12%. This indicates that SYBV.DE's price experiences larger fluctuations and is considered to be riskier than EUNH.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 | EUNH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 1.12% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 3.74% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 4.55% | +3.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 6.37% | +5.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 5.52% | +4.90% |
SYBV.DE vs. EUNH.DE - Expense Ratio Comparison
SYBV.DE has a 0.15% expense ratio, which is higher than EUNH.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
SYBV.DE vs. EUNH.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.41%, more than EUNH.DE's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNH.DE iShares Core Euro Government Bond UCITS ETF (Dist) | 1.31% | 2.30% | 1.77% | 0.97% | 0.27% | 0.24% | 0.47% | 0.65% | 0.66% | 0.70% | 0.94% | 0.62% |
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 0.92, SYBV.DE and EUNH.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, EUNH.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNH.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYBV.DE.
SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while EUNH.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for SYBV.DE and 0.07% for EUNH.DE.
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