SYBW.DE vs. TRD1.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and TRD1.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while TRD1.DE tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, SYBW.DE returned 2.56%/yr vs 4.03%/yr for TRD1.DE. Their correlation of 0.88 suggests significant overlap in exposure. SYBW.DE charges 0.05%/yr vs 0.06%/yr for TRD1.DE.
Performance
SYBW.DE vs. TRD1.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 TRD1.DE's 4.56% 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%
TRD1.DE
- 1D
- 0.20%
- 1M
- 2.07%
- 6M
- 4.34%
- YTD
- 4.56%
- 1Y
- 6.79%
- 3Y*
- 2.97%
- 5Y*
- 4.03%
- 10Y*
- —
SYBW.DE vs. TRD1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | -7.17% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 4.56% | -7.35% | 11.23% | 1.38% | 6.73% | 8.36% | -17.72% |
Correlation
The correlation between SYBW.DE and TRD1.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.88 |
The correlation between SYBW.DE and TRD1.DE has been stable across timeframes, ranging from 0.88 to 0.96 - a consistent structural relationship.
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Return for Risk
SYBW.DE vs. TRD1.DE — Risk / Return Rank
SYBW.DE
TRD1.DE
SYBW.DE vs. TRD1.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 Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.83 | -0.08 |
| Martin ratioReturn relative to average drawdown | 4.36 | 4.77 | -0.41 |
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Drawdowns
SYBW.DE vs. TRD1.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than TRD1.DE's maximum drawdown of -17.81%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and TRD1.DE.
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Drawdown Indicators
| SYBW.DE | TRD1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -17.81% | -10.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.70% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -11.60% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -11.70% | -0.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | — | — |
Current DrawdownCurrent decline from peak | -5.29% | -5.44% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -8.30% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.42% | -0.01% |
Volatility
SYBW.DE vs. TRD1.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 Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist (TRD1.DE) has a volatility of 1.79%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than TRD1.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 | TRD1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.79% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 4.67% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 6.32% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 7.48% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 8.11% | +2.36% |
SYBW.DE vs. TRD1.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than TRD1.DE's 0.06% 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. TRD1.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, which matches TRD1.DE's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRD1.DE Invesco US Treasury Bond 0-1 Year UCITS ETF USD Dist | 3.86% | 4.35% | 4.82% | 4.70% | 1.55% | 0.10% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, SYBW.DE and TRD1.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.06% for TRD1.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while TRD1.DE tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.05% for SYBW.DE and 0.06% for TRD1.DE.
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