SYBW.DE vs. TRDE.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and TRDE.DE (Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while TRDE.DE tracks the Bloomberg U.S. Treasury 7-10 Year Total Return Index. Both are passively managed. Over the past 5 years, SYBW.DE returned 2.52%/yr vs -3.30%/yr for TRDE.DE. At a correlation of -0.06, they often move in opposite directions. SYBW.DE charges 0.05%/yr vs 0.10%/yr for TRDE.DE.
Performance
SYBW.DE vs. TRDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBW.DE achieves a 3.77% return, which is significantly higher than TRDE.DE's -1.43% return.
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.61%
- 6M
- 2.39%
- YTD
- 3.77%
- 1Y
- 4.75%
- 3Y*
- 3.60%
- 5Y*
- 2.52%
- 10Y*
- 1.29%
TRDE.DE
- 1D
- 0.43%
- 1M
- -0.30%
- 6M
- -1.18%
- YTD
- -1.43%
- 1Y
- 1.75%
- 3Y*
- 0.80%
- 5Y*
- -3.30%
- 10Y*
- —
SYBW.DE vs. TRDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.77% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 3.84% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | -1.43% | 6.20% | -2.34% | 1.23% | -17.08% | -3.96% | 8.23% | 4.48% |
Correlation
The correlation between SYBW.DE and TRDE.DE is -0.25, 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 | -0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | -0.06 |
The correlation between SYBW.DE and TRDE.DE shifts across timeframes, from -0.25 (1 year) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBW.DE vs. TRDE.DE — Risk / Return Rank
SYBW.DE
TRDE.DE
SYBW.DE vs. TRDE.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 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.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 | TRDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.42 | +0.92 |
| Martin ratioReturn relative to average drawdown | 3.36 | 1.00 | +2.36 |
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Drawdowns
SYBW.DE vs. TRDE.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, roughly equal to the maximum TRDE.DE drawdown of -27.68%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and TRDE.DE.
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Drawdown Indicators
| SYBW.DE | TRDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -27.68% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -4.14% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -7.48% | -3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -24.70% | +12.09% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | — | — |
Current DrawdownCurrent decline from peak | -5.13% | -19.80% | +14.67% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -13.77% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.74% | -0.34% |
Volatility
SYBW.DE vs. TRDE.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) is 1.12%, while Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist (TRDE.DE) has a volatility of 1.35%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than TRDE.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 | TRDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.35% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 3.25% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 4.50% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 7.40% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 6.86% | +3.61% |
SYBW.DE vs. TRDE.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than TRDE.DE's 0.10% 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. TRDE.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.82%, less than TRDE.DE's 4.32% 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) | 3.82% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
TRDE.DE Invesco US Treasury Bond 7-10 Year UCITS ETF EUR Hedged Dist | 4.32% | 4.15% | 4.39% | 3.47% | 2.43% | 1.62% | 1.75% | 1.66% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBW.DE and TRDE.DE have a correlation of -0.25, 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 0.10% for TRDE.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while TRDE.DE tracks Bloomberg U.S. Treasury 7-10 Year Total Return Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.05% for SYBW.DE and 0.10% for TRDE.DE.
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