SYBW.DE vs. UEEG.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged). Both are passively managed. Over the past 5 years, SYBW.DE returned 2.52%/yr vs -0.99%/yr for UEEG.DE. At a correlation of -0.09, they often move in opposite directions. SYBW.DE charges 0.05%/yr vs 0.18%/yr for UEEG.DE.
Performance
SYBW.DE vs. UEEG.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 UEEG.DE's -0.84% 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%
UEEG.DE
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -0.63%
- YTD
- -0.84%
- 1Y
- 1.29%
- 3Y*
- 2.07%
- 5Y*
- -0.99%
- 10Y*
- —
SYBW.DE vs. UEEG.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) | 3.77% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -2.90% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -0.84% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
Correlation
The correlation between SYBW.DE and UEEG.DE is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | -0.09 |
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Return for Risk
SYBW.DE vs. UEEG.DE — Risk / Return Rank
SYBW.DE
UEEG.DE
SYBW.DE vs. UEEG.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 iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.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 | UEEG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 0.56 | +0.78 |
| Martin ratioReturn relative to average drawdown | 3.36 | 1.28 | +2.08 |
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Drawdowns
SYBW.DE vs. UEEG.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than UEEG.DE's maximum drawdown of -13.77%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and UEEG.DE.
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Drawdown Indicators
| SYBW.DE | UEEG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -13.77% | -14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -2.30% | -1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -3.22% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -12.90% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | — | — |
Current DrawdownCurrent decline from peak | -5.13% | -6.19% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -7.23% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 1.01% | +0.39% |
Volatility
SYBW.DE vs. UEEG.DE - Volatility Comparison
State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) has a higher volatility of 1.12% compared to iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) at 1.00%. This indicates that SYBW.DE's price experiences larger fluctuations and is considered to be riskier than UEEG.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 | UEEG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.00% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 2.78% | +1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 3.62% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 4.30% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 4.03% | +6.44% |
SYBW.DE vs. UEEG.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than UEEG.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. UEEG.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.82%, while UEEG.DE has not paid dividends to shareholders.
| 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% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (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% |
Frequently Asked Questions
SYBW.DE and UEEG.DE have a correlation of -0.15, 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 UEEG.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for SYBW.DE and 0.18% for UEEG.DE.
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