SYBW.DE vs. XBO2.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and XBO2.DE (Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc)) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while XBO2.DE tracks the FTSE Eurozone BOT Index. Both are passively managed. Over the past 10 years, SYBW.DE returned 1.29%/yr vs 0.71%/yr for XBO2.DE. At a 0.00 correlation, their price movements are largely independent. SYBW.DE charges 0.05%/yr vs 0.15%/yr for XBO2.DE.
Performance
SYBW.DE vs. XBO2.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 XBO2.DE's 0.65% return. Over the past 10 years, SYBW.DE has outperformed XBO2.DE with an annualized return of 1.29%, while XBO2.DE has yielded a comparatively lower 0.71% annualized 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%
XBO2.DE
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.86%
- YTD
- 0.65%
- 1Y
- 1.73%
- 3Y*
- 2.81%
- 5Y*
- 1.73%
- 10Y*
- 0.71%
SYBW.DE vs. XBO2.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) | 3.77% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 6.10% | -11.87% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) | 0.65% | 2.42% | 3.53% | 3.03% | -0.64% | -0.60% | -0.22% | 0.03% | -0.47% | -0.44% |
Correlation
The correlation between SYBW.DE and XBO2.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
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 | 0.00 |
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Return for Risk
SYBW.DE vs. XBO2.DE — Risk / Return Rank
SYBW.DE
XBO2.DE
SYBW.DE vs. XBO2.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 Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.19 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.54 | -0.19 |
| Martin ratioReturn relative to average drawdown | 3.36 | 4.21 | -0.85 |
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Drawdowns
SYBW.DE vs. XBO2.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than XBO2.DE's maximum drawdown of -3.92%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and XBO2.DE.
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Drawdown Indicators
| SYBW.DE | XBO2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -3.92% | -24.32% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -1.12% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -1.12% | -9.75% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -1.31% | -11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | -3.77% | -16.60% |
Current DrawdownCurrent decline from peak | -5.13% | -0.58% | -4.55% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -0.71% | -9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 0.41% | +0.99% |
Volatility
SYBW.DE vs. XBO2.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 Xtrackers II Italy Government Bond 0-1 Swap UCITS ETF (Acc) (XBO2.DE) has a volatility of 1.48%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than XBO2.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 | XBO2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.48% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 3.89% | 2.61% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 3.29% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 1.53% | +5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 1.64% | +8.83% |
SYBW.DE vs. XBO2.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than XBO2.DE's 0.15% 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. XBO2.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.82%, while XBO2.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% |
XBO2.DE Xtrackers II Italy Government Bond 0-1 Swap 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% |
Frequently Asked Questions
SYBW.DE and XBO2.DE have a correlation of -0.05, 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 0.15% for XBO2.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while XBO2.DE tracks FTSE Eurozone BOT Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.05% for SYBW.DE and 0.15% for XBO2.DE.
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