SYBW.DE vs. XCS2.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and XCS2.DE (Xtrackers II Australia Government Bond UCITS ETF (Acc)) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while XCS2.DE tracks the FTSE Australian Government Bond Index. Both are passively managed. Over the past 10 years, SYBW.DE returned 1.33%/yr vs -0.09%/yr for XCS2.DE. At a 0.15 correlation, their price movements are largely independent. SYBW.DE charges 0.05%/yr vs 0.25%/yr for XCS2.DE.
Performance
SYBW.DE vs. XCS2.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 XCS2.DE's 8.74% return. Over the past 10 years, SYBW.DE has outperformed XCS2.DE with an annualized return of 1.33%, while XCS2.DE has yielded a comparatively lower -0.09% 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%
XCS2.DE
- 1D
- 0.64%
- 1M
- 0.17%
- 6M
- 8.57%
- YTD
- 8.74%
- 1Y
- 9.20%
- 3Y*
- 2.45%
- 5Y*
- -1.91%
- 10Y*
- -0.09%
SYBW.DE vs. XCS2.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% |
XCS2.DE Xtrackers II Australia Government Bond UCITS ETF (Acc) | 8.74% | -2.17% | -1.70% | 0.78% | -13.88% | -0.26% | 4.13% | 9.65% | -0.82% | -2.48% |
Correlation
The correlation between SYBW.DE and XCS2.DE is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | 0.15 |
The correlation between SYBW.DE and XCS2.DE shifts across timeframes, from -0.02 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBW.DE vs. XCS2.DE — Risk / Return Rank
SYBW.DE
XCS2.DE
SYBW.DE vs. XCS2.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 Australia Government Bond UCITS ETF (Acc) (XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.01 | -0.26 |
| Martin ratioReturn relative to average drawdown | 4.36 | 6.68 | -2.31 |
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Drawdowns
SYBW.DE vs. XCS2.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, smaller than the maximum XCS2.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and XCS2.DE.
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Drawdown Indicators
| SYBW.DE | XCS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -41.58% | +13.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -4.56% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -12.00% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -22.36% | +9.75% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | -41.58% | +21.21% |
Current DrawdownCurrent decline from peak | -5.29% | -32.78% | +27.49% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -25.75% | +16.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.37% | +0.04% |
Volatility
SYBW.DE vs. XCS2.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 Xtrackers II Australia Government Bond UCITS ETF (Acc) (XCS2.DE) has a volatility of 2.20%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than XCS2.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 | XCS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 2.20% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 7.40% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 8.80% | -3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 10.13% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 21.02% | -10.55% |
SYBW.DE vs. XCS2.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than XCS2.DE's 0.25% 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. XCS2.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, while XCS2.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) | 3.83% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
XCS2.DE Xtrackers II Australia Government Bond 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 XCS2.DE have a correlation of -0.02, 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 0.25% for XCS2.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while XCS2.DE tracks FTSE Australian Government Bond Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.05% for SYBW.DE and 0.25% for XCS2.DE.
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