SYBW.DE vs. XUTE.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged). Both are passively managed. Over the past 5 years, SYBW.DE returned 2.51%/yr vs -2.70%/yr for XUTE.DE. At a correlation of -0.05, they often move in opposite directions. SYBW.DE charges 0.05%/yr vs 0.10%/yr for XUTE.DE.
Performance
SYBW.DE vs. XUTE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBW.DE achieves a 3.74% return, which is significantly higher than XUTE.DE's -1.14% return.
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.58%
- 6M
- 2.78%
- YTD
- 3.74%
- 1Y
- 4.90%
- 3Y*
- 3.66%
- 5Y*
- 2.51%
- 10Y*
- 1.34%
XUTE.DE
- 1D
- 0.15%
- 1M
- -0.35%
- 6M
- -1.25%
- YTD
- -1.14%
- 1Y
- 1.57%
- 3Y*
- 0.91%
- 5Y*
- -2.70%
- 10Y*
- —
SYBW.DE vs. XUTE.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) | 3.74% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 6.10% | -11.87% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.14% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
Correlation
The correlation between SYBW.DE and XUTE.DE is -0.30, 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 | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | -0.05 |
Over the past year, the inverse relationship between SYBW.DE and XUTE.DE has strengthened: their correlation has moved from -0.05 to -0.30, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
SYBW.DE vs. XUTE.DE — Risk / Return Rank
SYBW.DE
XUTE.DE
SYBW.DE vs. XUTE.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 US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.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 | XUTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.07 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 0.45 | +0.94 |
| Martin ratioReturn relative to average drawdown | 3.46 | 1.11 | +2.35 |
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Drawdowns
SYBW.DE vs. XUTE.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than XUTE.DE's maximum drawdown of -23.77%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and XUTE.DE.
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Drawdown Indicators
| SYBW.DE | XUTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -23.77% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.49% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -5.77% | -5.10% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -20.57% | +7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | — | — |
Current DrawdownCurrent decline from peak | -5.15% | -17.02% | +11.87% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -9.87% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.41% | 0.00% |
Volatility
SYBW.DE vs. XUTE.DE - Volatility Comparison
State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) has a higher volatility of 1.41% compared to Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) at 0.98%. This indicates that SYBW.DE's price experiences larger fluctuations and is considered to be riskier than XUTE.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 | XUTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.98% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 2.75% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 3.71% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 5.71% | +1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 5.08% | +5.39% |
SYBW.DE vs. XUTE.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than XUTE.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. XUTE.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.82%, more than XUTE.DE's 3.40% 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% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBW.DE and XUTE.DE have a correlation of -0.30, 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 XUTE.DE.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged). They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.05% for SYBW.DE and 0.10% for XUTE.DE.
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