SYBW.DE vs. EXHC.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and EXHC.DE (iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE)) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while EXHC.DE tracks the eb.rexx Government Germany 2.5-5.5 Index. Both are passively managed. Over the past 10 years, SYBW.DE returned 1.33%/yr vs -0.63%/yr for EXHC.DE. At a 0.11 correlation, their price movements are largely independent. SYBW.DE charges 0.05%/yr vs 0.16%/yr for EXHC.DE.
Performance
SYBW.DE vs. EXHC.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 higher than EXHC.DE's 0.37% return. Over the past 10 years, SYBW.DE has outperformed EXHC.DE with an annualized return of 1.33%, while EXHC.DE has yielded a comparatively lower -0.63% annualized 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%
EXHC.DE
- 1D
- -0.17%
- 1M
- 0.67%
- 6M
- 0.42%
- YTD
- 0.37%
- 1Y
- 0.40%
- 3Y*
- 2.33%
- 5Y*
- -0.87%
- 10Y*
- -0.63%
SYBW.DE vs. EXHC.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) | 3.59% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 6.10% | -11.87% |
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 0.37% | 1.16% | 1.57% | 4.17% | -10.23% | -1.37% | -0.09% | -0.18% | 0.47% | -1.24% |
Correlation
The correlation between SYBW.DE and EXHC.DE is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | 0.11 |
The correlation between SYBW.DE and EXHC.DE shifts across timeframes, from -0.19 (1 year) to 0.12 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBW.DE vs. EXHC.DE — Risk / Return Rank
SYBW.DE
EXHC.DE
SYBW.DE vs. EXHC.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 eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.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 | EXHC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.03 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 0.19 | +1.55 |
| Martin ratioReturn relative to average drawdown | 4.36 | 0.46 | +3.90 |
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Drawdowns
SYBW.DE vs. EXHC.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than EXHC.DE's maximum drawdown of -14.39%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and EXHC.DE.
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Drawdown Indicators
| SYBW.DE | EXHC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -14.39% | -13.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -2.06% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -2.33% | -8.54% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -12.55% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | -14.39% | -5.98% |
Current DrawdownCurrent decline from peak | -5.29% | -6.78% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -2.90% | -6.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 0.87% | +0.54% |
Volatility
SYBW.DE vs. EXHC.DE - Volatility Comparison
State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) has a higher volatility of 1.52% compared to iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) (EXHC.DE) at 0.52%. This indicates that SYBW.DE's price experiences larger fluctuations and is considered to be riskier than EXHC.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 | EXHC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.52% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 2.06% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 2.39% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 3.59% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 2.76% | +7.71% |
SYBW.DE vs. EXHC.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than EXHC.DE's 0.16% 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. EXHC.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, more than EXHC.DE's 1.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHC.DE iShares eb.rexx Government Germany 2.5-5.5yr UCITS ETF (DE) | 1.40% | 1.38% | 1.11% | 0.81% | 0.41% | 0.68% | 0.86% | 1.08% | 0.91% | 1.34% | 1.65% | 1.82% |
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
SYBW.DE and EXHC.DE have a correlation of -0.19, 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 0.16% for EXHC.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while EXHC.DE tracks eb.rexx Government Germany 2.5-5.5 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for SYBW.DE and 0.16% for EXHC.DE.
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