SYBV.DE vs. H4ZK.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and H4ZK.DE (HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR) are both European Government Bonds funds - SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index while H4ZK.DE tracks the Bloomberg Euro Treasury 1-3 Year Carbon Tilted Index. Both are passively managed. Over the past year, SYBV.DE returned -1.03% vs 0.79% for H4ZK.DE. At a 0.45 correlation, their price movements are largely independent. SYBV.DE charges 0.15%/yr vs 0.14%/yr for H4ZK.DE.
Performance
SYBV.DE vs. H4ZK.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 H4ZK.DE's 0.20% 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%
H4ZK.DE
- 1D
- 0.00%
- 1M
- -0.10%
- 6M
- 0.10%
- YTD
- 0.20%
- 1Y
- 0.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SYBV.DE vs. H4ZK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | -0.78% | -1.69% |
H4ZK.DE HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR | 0.20% | 2.30% |
Correlation
The correlation between SYBV.DE and H4ZK.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2025 | 0.45 |
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Return for Risk
SYBV.DE vs. H4ZK.DE — Risk / Return Rank
SYBV.DE
H4ZK.DE
SYBV.DE vs. H4ZK.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 HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.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 | H4ZK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.13 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 0.62 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.39 | 2.06 | -2.45 |
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Drawdowns
SYBV.DE vs. H4ZK.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, which is greater than H4ZK.DE's maximum drawdown of -1.26%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and H4ZK.DE.
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Drawdown Indicators
| SYBV.DE | H4ZK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -1.26% | -39.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -1.26% | -4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | — | — |
Current DrawdownCurrent decline from peak | -34.24% | -0.29% | -33.95% |
Average DrawdownAverage peak-to-trough decline | -16.95% | -0.19% | -16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 0.38% | +2.26% |
Volatility
SYBV.DE vs. H4ZK.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 HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR (H4ZK.DE) at 0.40%. This indicates that SYBV.DE's price experiences larger fluctuations and is considered to be riskier than H4ZK.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 | H4ZK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 0.40% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 6.36% | 1.23% | +5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.01% | 1.38% | +6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 1.39% | +10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 1.39% | +9.03% |
SYBV.DE vs. H4ZK.DE - Expense Ratio Comparison
SYBV.DE has a 0.15% expense ratio, which is higher than H4ZK.DE's 0.14% 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. H4ZK.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.41%, while H4ZK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZK.DE HSBC Euro Lower Carbon Government 1-3 Year Bond UCITS ETF C EUR | 0.00% | 0.00% | 0.00% | 0.00% | 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
SYBV.DE and H4ZK.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZK.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for SYBV.DE.
SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while H4ZK.DE tracks Bloomberg Euro Treasury 1-3 Year Carbon Tilted Index. They also come from different issuers: State Street and HSBC. Their fees differ too: 0.15% for SYBV.DE and 0.14% for H4ZK.DE.
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