SYBW.DE vs. BBLL.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and BBLL.DE (JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc)) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while BBLL.DE tracks the ICE US Treasury 0-1 Year Index. Both are passively managed. Over the past 5 years, SYBW.DE returned 2.56%/yr vs 4.14%/yr for BBLL.DE. With a 0.96 correlation, they move nearly in lockstep. SYBW.DE charges 0.05%/yr vs 0.07%/yr for BBLL.DE.
Performance
SYBW.DE vs. BBLL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBW.DE achieves a 3.59% return, which is significantly lower than BBLL.DE's 4.60% return.
SYBW.DE
- 1D
- 0.05%
- 1M
- 1.76%
- 6M
- 3.44%
- YTD
- 3.59%
- 1Y
- 6.16%
- 3Y*
- 2.70%
- 5Y*
- 2.56%
- 10Y*
- 1.33%
BBLL.DE
- 1D
- 0.10%
- 1M
- 1.78%
- 6M
- 4.43%
- YTD
- 4.60%
- 1Y
- 6.79%
- 3Y*
- 2.95%
- 5Y*
- 4.14%
- 10Y*
- —
SYBW.DE vs. BBLL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.59% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 1.48% |
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 4.60% | -7.36% | 11.29% | 1.33% | 7.29% | 8.35% | -8.23% | -9.76% |
Correlation
The correlation between SYBW.DE and BBLL.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2019 | 0.96 |
The correlation between SYBW.DE and BBLL.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SYBW.DE vs. BBLL.DE — Risk / Return Rank
SYBW.DE
BBLL.DE
SYBW.DE vs. BBLL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) and JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.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.
| SYBW.DE | BBLL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.00 | -0.26 |
| Martin ratioReturn relative to average drawdown | 4.36 | 4.74 | -0.38 |
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Drawdowns
SYBW.DE vs. BBLL.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than BBLL.DE's maximum drawdown of -17.24%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and BBLL.DE.
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Drawdown Indicators
| SYBW.DE | BBLL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -17.24% | -11.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.38% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -11.65% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -11.65% | -0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | — | — |
Current DrawdownCurrent decline from peak | -5.29% | -5.47% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -8.30% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.43% | -0.02% |
Volatility
SYBW.DE vs. BBLL.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) is 1.52%, while JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) (BBLL.DE) has a volatility of 1.69%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than BBLL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBW.DE | BBLL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.69% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 4.30% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 6.06% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 7.45% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 8.27% | +2.20% |
SYBW.DE vs. BBLL.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than BBLL.DE's 0.07% 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
SYBW.DE vs. BBLL.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, while BBLL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBLL.DE JPMorgan BetaBuilders US Treasury Bond 0-1 yr UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.83% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
Frequently Asked Questions
With a correlation of 0.98, SYBW.DE and BBLL.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, SYBW.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBW.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for BBLL.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while BBLL.DE tracks ICE US Treasury 0-1 Year Index. They also come from different issuers: State Street and JPMorgan. Their fees differ too: 0.05% for SYBW.DE and 0.07% for BBLL.DE.
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