SYBW.DE vs. EUN8.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and EUN8.DE (iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist)) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while EUN8.DE tracks the Bloomberg Euro Government Bond 10-15 Year Index. Both are passively managed. Over the past 10 years, SYBW.DE returned 1.29%/yr vs -0.87%/yr for EUN8.DE. At a 0.02 correlation, their price movements are largely independent. SYBW.DE charges 0.05%/yr vs 0.15%/yr for EUN8.DE.
Performance
SYBW.DE vs. EUN8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBW.DE achieves a 3.77% return, which is significantly higher than EUN8.DE's -2.15% return. Over the past 10 years, SYBW.DE has outperformed EUN8.DE with an annualized return of 1.29%, while EUN8.DE has yielded a comparatively lower -0.87% annualized return.
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.61%
- 6M
- 2.39%
- YTD
- 3.77%
- 1Y
- 4.75%
- 3Y*
- 3.60%
- 5Y*
- 2.52%
- 10Y*
- 1.29%
EUN8.DE
- 1D
- 0.19%
- 1M
- -1.79%
- 6M
- -1.22%
- YTD
- -2.15%
- 1Y
- -1.39%
- 3Y*
- 1.56%
- 5Y*
- -4.18%
- 10Y*
- -0.87%
SYBW.DE vs. EUN8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.77% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 6.10% | -11.87% |
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | -2.15% | 0.68% | 1.21% | 10.63% | -25.03% | -4.22% | 6.60% | 11.63% | 1.13% | 0.09% |
Correlation
The correlation between SYBW.DE and EUN8.DE is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | 0.02 |
The correlation between SYBW.DE and EUN8.DE shifts across timeframes, from -0.24 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBW.DE vs. EUN8.DE — Risk / Return Rank
SYBW.DE
EUN8.DE
SYBW.DE vs. EUN8.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 iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.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 | EUN8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.97 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | -0.26 | +1.60 |
| Martin ratioReturn relative to average drawdown | 3.36 | -0.60 | +3.96 |
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Drawdowns
SYBW.DE vs. EUN8.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, smaller than the maximum EUN8.DE drawdown of -29.75%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and EUN8.DE.
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Drawdown Indicators
| SYBW.DE | EUN8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -29.75% | +1.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -5.41% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -6.67% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -29.15% | +16.54% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | -29.75% | +9.38% |
Current DrawdownCurrent decline from peak | -5.13% | -21.14% | +16.01% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -8.13% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 2.31% | -0.91% |
Volatility
SYBW.DE vs. EUN8.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) is 1.12%, while iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) (EUN8.DE) has a volatility of 1.77%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than EUN8.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 | EUN8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.77% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 5.65% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 6.98% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 9.38% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 8.31% | +2.16% |
SYBW.DE vs. EUN8.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than EUN8.DE's 0.15% 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. EUN8.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.82%, more than EUN8.DE's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN8.DE iShares € Govt Bond 10-15yr UCITS ETF EUR (Dist) | 1.68% | 3.14% | 2.95% | 2.09% | 0.52% | 0.31% | 0.58% | 1.20% | 1.26% | 1.13% | 1.26% | 0.75% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.82% | 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
SYBW.DE and EUN8.DE have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.15% for EUN8.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while EUN8.DE tracks Bloomberg Euro Government Bond 10-15 Year Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for SYBW.DE and 0.15% for EUN8.DE.
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