SYBW.DE vs. ZPRX.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SYBW.DE is a Government Bonds fund tracking the Bloomberg U.S. 1-3 Year Treasury Bond Index, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SYBW.DE returned 1.33%/yr vs 9.60%/yr for ZPRX.DE. At a correlation of -0.09, they often move in opposite directions. SYBW.DE charges 0.05%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SYBW.DE vs. ZPRX.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 ZPRX.DE's 9.06% return. Over the past 10 years, SYBW.DE has underperformed ZPRX.DE with an annualized return of 1.33%, while ZPRX.DE has yielded a comparatively higher 9.60% 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%
ZPRX.DE
- 1D
- 1.28%
- 1M
- 1.50%
- 6M
- 8.54%
- YTD
- 9.06%
- 1Y
- 16.81%
- 3Y*
- 15.50%
- 5Y*
- 8.54%
- 10Y*
- 9.60%
SYBW.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 9.06% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -19.19% | 12.89% |
Correlation
The correlation between SYBW.DE and ZPRX.DE is -0.23, 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 | -0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | -0.09 |
The correlation between SYBW.DE and ZPRX.DE shifts across timeframes, from -0.32 (5 years) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBW.DE vs. ZPRX.DE — Risk / Return Rank
SYBW.DE
ZPRX.DE
SYBW.DE vs. ZPRX.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 SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.44 | +0.31 |
| Martin ratioReturn relative to average drawdown | 4.36 | 5.22 | -0.86 |
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Drawdowns
SYBW.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and ZPRX.DE.
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Drawdown Indicators
| SYBW.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -43.93% | +15.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -11.63% | +8.11% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -15.95% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -27.52% | +14.91% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | -43.93% | +23.56% |
Current DrawdownCurrent decline from peak | -5.29% | -0.37% | -4.92% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -7.66% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 3.21% | -1.80% |
Volatility
SYBW.DE vs. ZPRX.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 SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 3.77%. This indicates that SYBW.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 3.77% | -2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 11.65% | -7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 14.09% | -8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 16.72% | -9.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 17.64% | -7.17% |
SYBW.DE vs. ZPRX.DE - Expense Ratio Comparison
SYBW.DE has a 0.05% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SYBW.DE vs. ZPRX.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, while ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 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 ZPRX.DE have a correlation of -0.23, 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 0.30% for ZPRX.DE.
SYBW.DE is categorized as Government Bonds, while ZPRX.DE is Europe Equities. SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.05% for SYBW.DE and 0.30% for ZPRX.DE.
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