SYBW.DE vs. SPYL.DE

Last updated Jul 4, 2026

SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SYBW.DE is a Government Bonds fund tracking the Bloomberg U.S. 1-3 Year Treasury Bond Index, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SYBW.DE returned 6.16% vs 23.84% for SPYL.DE. At a 0.21 correlation, their price movements are largely independent. SYBW.DE charges 0.05%/yr vs 0.03%/yr for SPYL.DE.

Performance

SYBW.DE vs. SPYL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYBW.DE achieves a 3.59% return, which is significantly lower than SPYL.DE's 11.99% 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%

SPYL.DE

• 1D: 0.00%
• 1M: 0.41%
• 6M: 12.78%
• YTD: 11.99%
• 1Y: 23.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBW.DE vs. SPYL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)	3.59%	-6.50%	9.98%	-2.81%
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)	11.99%	4.71%	32.33%	8.23%

Correlation

The correlation between SYBW.DE and SPYL.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.21

Return for Risk

SYBW.DE vs. SPYL.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYBW.DE

SYBW.DE Risk / Return Rank: 36
SYBW.DE Sharpe Ratio Rank: 36
SYBW.DE Sortino Ratio Rank: 36
SYBW.DE Omega Ratio Rank: 32
SYBW.DE Calmar Ratio Rank: 40
SYBW.DE Martin Ratio Rank: 34

SPYL.DE

SPYL.DE Risk / Return Rank: 76
SPYL.DE Sharpe Ratio Rank: 76
SPYL.DE Sortino Ratio Rank: 75
SPYL.DE Omega Ratio Rank: 76
SPYL.DE Calmar Ratio Rank: 79
SPYL.DE Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SYBW.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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	SPYL.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.11	2.00	-0.89
Sortino ratio: Return per unit of downside risk	1.66	2.75	-1.09
Omega ratio: Gain probability vs. loss probability	1.19	1.37	-0.17
Calmar ratio: Return relative to maximum drawdown	1.75	3.36	-1.61
Martin ratio: Return relative to average drawdown	4.36	11.80	-7.44

SYBW.DE vs. SPYL.DE - Sharpe Ratio Comparison

The current SYBW.DE Sharpe Ratio is 1.11, which is lower than the SPYL.DE Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SYBW.DE and SPYL.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SYBW.DE vs. SPYL.DE - Drawdown Comparison

The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and SPYL.DE.

Drawdown Indicators

	SYBW.DE	SPYL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-28.24%	-23.27%	-4.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.52%	-7.13%	+3.61%
Max Drawdown (3Y) Largest decline over 3 years	-10.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.61%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.37%	—	—
Current Drawdown Current decline from peak	-5.29%	-0.86%	-4.43%
Average Drawdown Average peak-to-trough decline	-9.75%	-3.31%	-6.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.41%	2.03%	-0.62%

Volatility

SYBW.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a volatility of 3.64%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBW.DE	SPYL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	3.64%	-2.12%
Volatility (6M) Calculated over the trailing 6-month period	3.95%	8.15%	-4.20%
Volatility (1Y) Calculated over the trailing 1-year period	5.54%	12.03%	-6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.16%	15.00%	-7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.47%	15.00%	-4.53%

SYBW.DE vs. SPYL.DE - Expense Ratio Comparison

SYBW.DE has a 0.05% expense ratio, which is higher than SPYL.DE's 0.03% 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

SYBW.DE vs. SPYL.DE - Dividend Comparison

SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, while SPYL.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (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

Can I hold both SYBW.DE and SPYL.DE in my portfolio?

SYBW.DE and SPYL.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYBW.DE or SPYL.DE?

On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYBW.DE or SPYL.DE?

SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.05% for SYBW.DE.

What is the main difference between SYBW.DE and SPYL.DE?

SYBW.DE is categorized as Government Bonds, while SPYL.DE is S&P 500. SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.05% for SYBW.DE and 0.03% for SPYL.DE.