SYBV.DE vs. VGEB.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) are both European Government Bonds funds - SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index while VGEB.DE tracks the Bloomberg Euro Aggregate Treasury. Both are passively managed. Over the past 5 years, SYBV.DE returned -6.34%/yr vs -2.20%/yr for VGEB.DE. Their correlation of 0.94 suggests significant overlap in exposure. SYBV.DE charges 0.15%/yr vs 0.07%/yr for VGEB.DE.
Performance
SYBV.DE vs. VGEB.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 VGEB.DE's 0.85% 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%
VGEB.DE
- 1D
- -0.14%
- 1M
- 0.73%
- 6M
- 1.17%
- YTD
- 0.85%
- 1Y
- 0.72%
- 3Y*
- 2.71%
- 5Y*
- -2.20%
- 10Y*
- —
SYBV.DE vs. VGEB.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% | 1.04% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.85% | 0.67% | 1.53% | 6.85% | -18.24% | -3.27% | 4.71% | 6.82% | 0.97% | -0.51% |
Correlation
The correlation between SYBV.DE and VGEB.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.94 |
The correlation between SYBV.DE and VGEB.DE has been stable across timeframes, ranging from 0.90 to 0.97 - a consistent structural relationship.
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Return for Risk
SYBV.DE vs. VGEB.DE — Risk / Return Rank
SYBV.DE
VGEB.DE
SYBV.DE vs. VGEB.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.03 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.21 | -0.31 |
| Martin ratioReturn relative to average drawdown | -0.23 | 0.52 | -0.75 |
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Drawdowns
SYBV.DE vs. VGEB.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, which is greater than VGEB.DE's maximum drawdown of -22.41%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and VGEB.DE.
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Drawdown Indicators
| SYBV.DE | VGEB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -22.41% | -18.53% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -3.44% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -4.06% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -21.50% | -17.72% |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | — | — |
Current DrawdownCurrent decline from peak | -32.96% | -13.31% | -19.65% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -8.99% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.38% | +1.15% |
Volatility
SYBV.DE vs. VGEB.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 Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) at 0.91%. This indicates that SYBV.DE's price experiences larger fluctuations and is considered to be riskier than VGEB.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 | VGEB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 0.91% | +0.90% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 3.51% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 4.23% | +3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 6.35% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 5.53% | +4.89% |
SYBV.DE vs. VGEB.DE - Expense Ratio Comparison
SYBV.DE has a 0.15% expense ratio, which is higher than VGEB.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. VGEB.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.35%, more than VGEB.DE's 2.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.83% | 0.48% | 0.08% | 0.15% | 0.51% | 0.56% | 0.09% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, SYBV.DE and VGEB.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.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 VGEB.DE tracks Bloomberg Euro Aggregate Treasury. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for SYBV.DE and 0.07% for VGEB.DE.
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