SYBV.DE vs. SPYM.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SYBV.DE is a European Government Bonds fund tracking the Bloomberg Euro 10+ Year Treasury Bond Index, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SYBV.DE returned -1.97%/yr vs 9.70%/yr for SPYM.DE. At a 0.01 correlation, their price movements are largely independent. SYBV.DE charges 0.15%/yr vs 0.18%/yr for SPYM.DE.
Performance
SYBV.DE vs. SPYM.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 lower than SPYM.DE's 27.63% return. Over the past 10 years, SYBV.DE has underperformed SPYM.DE with an annualized return of -1.97%, while SPYM.DE has yielded a comparatively higher 9.70% 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%
SPYM.DE
- 1D
- 2.08%
- 1M
- -1.45%
- 6M
- 23.96%
- YTD
- 27.63%
- 1Y
- 45.61%
- 3Y*
- 20.78%
- 5Y*
- 8.29%
- 10Y*
- 9.70%
SYBV.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.63% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 22.31% | -11.26% | 19.74% |
Correlation
The correlation between SYBV.DE and SPYM.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.01 |
Over the past year, SYBV.DE and SPYM.DE have become more correlated (0.36) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
SYBV.DE vs. SPYM.DE — Risk / Return Rank
SYBV.DE
SPYM.DE
SYBV.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.41 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 4.37 | -4.48 |
| Martin ratioReturn relative to average drawdown | -0.23 | 14.29 | -14.52 |
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Drawdowns
SYBV.DE vs. SPYM.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, smaller than the maximum SPYM.DE drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and SPYM.DE.
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Drawdown Indicators
| SYBV.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -44.83% | +3.89% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -10.38% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -18.95% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -23.25% | -15.97% |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | -31.69% | -9.25% |
Current DrawdownCurrent decline from peak | -32.96% | -5.10% | -27.86% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -17.60% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 3.18% | -0.65% |
Volatility
SYBV.DE vs. SPYM.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) is 1.81%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 9.36%. This indicates that SYBV.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 9.36% | -7.55% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 17.37% | -11.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 19.86% | -11.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 17.25% | -4.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 18.51% | -8.09% |
SYBV.DE vs. SPYM.DE - Expense Ratio Comparison
SYBV.DE has a 0.15% expense ratio, which is lower than SPYM.DE's 0.18% expense ratio. Despite the difference, 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. SPYM.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.35%, while SPYM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 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) | 3.35% | 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 SPYM.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBV.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBV.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYM.DE.
SYBV.DE is categorized as European Government Bonds, while SPYM.DE is Emerging Markets Equities. SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.15% for SYBV.DE and 0.18% for SPYM.DE.
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