SYBW.DE vs. SPYM.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SYBW.DE is a Government Bonds fund tracking the Bloomberg U.S. 1-3 Year Treasury Bond Index, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SYBW.DE returned 1.33%/yr vs 9.70%/yr for SPYM.DE. At a 0.08 correlation, their price movements are largely independent. SYBW.DE charges 0.05%/yr vs 0.18%/yr for SPYM.DE.
Performance
SYBW.DE vs. SPYM.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 SPYM.DE's 27.63% return. Over the past 10 years, SYBW.DE has underperformed SPYM.DE with an annualized return of 1.33%, while SPYM.DE has yielded a comparatively higher 9.70% 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%
SPYM.DE
- 1D
- 2.08%
- 1M
- -1.45%
- 6M
- 23.96%
- YTD
- 27.63%
- 1Y
- 45.61%
- 3Y*
- 20.78%
- 5Y*
- 8.29%
- 10Y*
- 9.70%
SYBW.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.63% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 22.31% | -11.26% | 19.74% |
Correlation
The correlation between SYBW.DE and SPYM.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
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 | 0.08 |
The correlation between SYBW.DE and SPYM.DE shifts across timeframes, from -0.10 (5 years) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBW.DE vs. SPYM.DE — Risk / Return Rank
SYBW.DE
SPYM.DE
SYBW.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.41 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 4.37 | -2.63 |
| Martin ratioReturn relative to average drawdown | 4.36 | 14.29 | -9.93 |
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Drawdowns
SYBW.DE vs. SPYM.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, smaller than the maximum SPYM.DE drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and SPYM.DE.
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Drawdown Indicators
| SYBW.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -44.83% | +16.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -10.38% | +6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -18.95% | +8.08% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -23.25% | +10.64% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | -31.69% | +11.32% |
Current DrawdownCurrent decline from peak | -5.29% | -5.10% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -17.60% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 3.18% | -1.77% |
Volatility
SYBW.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 9.36%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 9.36% | -7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 17.37% | -13.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 19.86% | -14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 17.25% | -10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 18.51% | -8.04% |
SYBW.DE vs. SPYM.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than SPYM.DE's 0.18% 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. SPYM.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, while SPYM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 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
SYBW.DE and SPYM.DE have a correlation of -0.07, 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 0.18% for SPYM.DE.
SYBW.DE is categorized as Government Bonds, while SPYM.DE is Emerging Markets Equities. SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.05% for SYBW.DE and 0.18% for SPYM.DE.
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