SYBV.DE vs. X710.DE
SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) and X710.DE (Xtrackers II Eurozone Government Bond 7-10 UCITS ETF) are both European Government Bonds funds - SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index while X710.DE tracks the Markit iBoxx® EUR Eurozone 7-10. Both are passively managed. Over the past 10 years, SYBV.DE returned -1.97%/yr vs -0.23%/yr for X710.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
SYBV.DE vs. X710.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SYBV.DE having a 1.15% return and X710.DE slightly higher at 1.17%. Over the past 10 years, SYBV.DE has underperformed X710.DE with an annualized return of -1.97%, while X710.DE has yielded a comparatively higher -0.23% 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%
X710.DE
- 1D
- 0.00%
- 1M
- 1.18%
- 6M
- 1.57%
- YTD
- 1.17%
- 1Y
- 1.45%
- 3Y*
- 3.26%
- 5Y*
- -2.18%
- 10Y*
- -0.23%
SYBV.DE vs. X710.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% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 1.17% | 1.72% | 0.93% | 8.80% | -19.87% | -3.00% | 4.20% | 6.78% | 1.03% | 1.08% |
Correlation
The correlation between SYBV.DE and X710.DE is 0.94, 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 | 0.94 |
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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.93 |
The correlation between SYBV.DE and X710.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
SYBV.DE vs. X710.DE — Risk / Return Rank
SYBV.DE
X710.DE
SYBV.DE vs. X710.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 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.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 | X710.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.06 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 0.35 | -0.45 |
| Martin ratioReturn relative to average drawdown | -0.23 | 0.89 | -1.12 |
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Drawdowns
SYBV.DE vs. X710.DE - Drawdown Comparison
The maximum SYBV.DE drawdown since its inception was -40.94%, which is greater than X710.DE's maximum drawdown of -23.16%. Use the drawdown chart below to compare losses from any high point for SYBV.DE and X710.DE.
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Drawdown Indicators
| SYBV.DE | X710.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.94% | -23.16% | -17.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -4.18% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | -4.41% | -5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -39.22% | -22.84% | -16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -40.94% | -23.16% | -17.78% |
Current DrawdownCurrent decline from peak | -32.96% | -12.53% | -20.43% |
Average DrawdownAverage peak-to-trough decline | -16.89% | -5.22% | -11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.62% | +0.91% |
Volatility
SYBV.DE vs. X710.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 Xtrackers II Eurozone Government Bond 7-10 UCITS ETF (X710.DE) at 0.98%. This indicates that SYBV.DE's price experiences larger fluctuations and is considered to be riskier than X710.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 | X710.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 0.98% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | 4.11% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.93% | 4.88% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.29% | 7.36% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 6.28% | +4.14% |
SYBV.DE vs. X710.DE - Expense Ratio Comparison
Both SYBV.DE and X710.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYBV.DE vs. X710.DE - Dividend Comparison
SYBV.DE's dividend yield for the trailing twelve months is around 3.35%, while X710.DE has not paid dividends to shareholders.
| 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% |
X710.DE Xtrackers II Eurozone Government Bond 7-10 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, SYBV.DE and X710.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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBV.DE and X710.DE have the same expense ratio: 0.15% per year.
SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index, while X710.DE tracks Markit iBoxx® EUR Eurozone 7-10. They also come from different issuers: State Street and Xtrackers.
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