SYBW.DE vs. SPYY.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and SPYY.DE (State Street SPDR MSCI All Country World UCITS ETF (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 SPYY.DE is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, SYBW.DE returned 1.33%/yr vs 12.50%/yr for SPYY.DE. At a 0.21 correlation, their price movements are largely independent. SYBW.DE charges 0.05%/yr vs 0.12%/yr for SPYY.DE.
Performance
SYBW.DE vs. SPYY.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 SPYY.DE's 14.10% return. Over the past 10 years, SYBW.DE has underperformed SPYY.DE with an annualized return of 1.33%, while SPYY.DE has yielded a comparatively higher 12.50% 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%
SPYY.DE
- 1D
- 0.62%
- 1M
- 1.16%
- 6M
- 14.08%
- YTD
- 14.10%
- 1Y
- 26.77%
- 3Y*
- 17.95%
- 5Y*
- 11.80%
- 10Y*
- 12.50%
SYBW.DE vs. SPYY.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% |
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 14.10% | 9.46% | 24.56% | 18.22% | -13.76% | 29.02% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SYBW.DE and SPYY.DE is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | 0.21 |
The correlation between SYBW.DE and SPYY.DE shifts across timeframes, from -0.00 (5 years) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBW.DE vs. SPYY.DE — Risk / Return Rank
SYBW.DE
SPYY.DE
SYBW.DE vs. SPYY.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 MSCI All Country World UCITS ETF (Acc) (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.42 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 4.10 | -2.36 |
| Martin ratioReturn relative to average drawdown | 4.36 | 16.31 | -11.95 |
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Drawdowns
SYBW.DE vs. SPYY.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, smaller than the maximum SPYY.DE drawdown of -40.72%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and SPYY.DE.
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Drawdown Indicators
| SYBW.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -40.72% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -6.49% | +2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -21.27% | +10.40% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -21.27% | +8.66% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | -33.49% | +13.12% |
Current DrawdownCurrent decline from peak | -5.29% | -0.09% | -5.20% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -8.45% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.64% | -0.23% |
Volatility
SYBW.DE vs. SPYY.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 MSCI All Country World UCITS ETF (Acc) (SPYY.DE) has a volatility of 3.65%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 3.65% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 8.62% | -4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 11.77% | -6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 13.95% | -6.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 15.93% | -5.46% |
SYBW.DE vs. SPYY.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than SPYY.DE's 0.12% 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. SPYY.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, while SPYY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (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
SYBW.DE and SPYY.DE have a correlation of 0.06, 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 0.12% for SPYY.DE.
SYBW.DE is categorized as Government Bonds, while SPYY.DE is Global Equities. SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while SPYY.DE tracks MSCI ACWI Index. Their fees differ too: 0.05% for SYBW.DE and 0.12% for SPYY.DE.
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