SYBV.DE vs. SPYY.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and SPYY.DE (State Street SPDR MSCI All Country World UCITS ETF (Acc)) are both exchange-traded funds - SYBV.DE is a European Government Bonds fund tracking the Bloomberg Euro 10+ Year Treasury Bond Index, while SPYY.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, SYBV.DE returned -1.97%/yr vs 12.50%/yr for SPYY.DE. At a 0.02 correlation, their price movements are largely independent. SYBV.DE charges 0.15%/yr vs 0.12%/yr for SPYY.DE.
Performance
SYBV.DE vs. SPYY.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 SPYY.DE's 14.10% return. Over the past 10 years, SYBV.DE has underperformed SPYY.DE with an annualized return of -1.97%, while SPYY.DE has yielded a comparatively higher 12.50% 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%
SPYY.DE
- 1D
- 0.62%
- 1M
- 1.16%
- 6M
- 14.08%
- YTD
- 14.10%
- 1Y
- 26.77%
- 3Y*
- 17.95%
- 5Y*
- 11.80%
- 10Y*
- 12.50%
SYBV.DE vs. SPYY.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% |
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 14.10% | 9.46% | 24.56% | 18.22% | -13.76% | 29.02% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SYBV.DE and SPYY.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 | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.02 |
Over the past year, SYBV.DE and SPYY.DE have become more correlated (0.36) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
SYBV.DE vs. SPYY.DE — Risk / Return Rank
SYBV.DE
SPYY.DE
SYBV.DE vs. SPYY.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 State Street SPDR MSCI All Country World UCITS ETF (Acc) (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.34 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.42 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 4.10 | -4.21 |
| Martin ratioReturn relative to average drawdown | -0.23 | 16.31 | -16.54 |
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Drawdowns
SYBV.DE vs. SPYY.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, roughly equal to the maximum SPYY.DE drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and SPYY.DE.
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Drawdown Indicators
| SYBV.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -40.72% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -6.49% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -21.27% | +11.22% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -21.27% | -17.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | -33.49% | -7.45% |
Current DrawdownCurrent decline from peak | -32.96% | -0.09% | -32.87% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -8.45% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.64% | +0.89% |
Volatility
SYBV.DE vs. SPYY.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 State Street SPDR MSCI All Country World UCITS ETF (Acc) (SPYY.DE) has a volatility of 3.65%. This indicates that SYBV.DE experiences smaller price fluctuations and is considered to be less risky than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 3.65% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 8.62% | -2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 11.77% | -3.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 13.95% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 15.93% | -5.51% |
SYBV.DE vs. SPYY.DE - Expense Ratio Comparison
SYBV.DE has a 0.15% expense ratio, which is higher than SPYY.DE's 0.12% 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. SPYY.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.35%, while SPYY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 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 SPYY.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, SPYY.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.DE is cheaper with a 0.12% expense ratio, compared with 0.15% for SYBV.DE.
SYBV.DE is categorized as European Government Bonds, while SPYY.DE is Global Equities. SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while SPYY.DE tracks MSCI ACWI Index. Their fees differ too: 0.15% for SYBV.DE and 0.12% for SPYY.DE.
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