SYBY.DE vs. SPPW.DE
SYBY.DE (State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist)) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SYBY.DE is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index, while SPPW.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SYBY.DE returned 1.08%/yr vs 12.20%/yr for SPPW.DE. At a 0.07 correlation, their price movements are largely independent. SYBY.DE charges 0.05%/yr vs 0.12%/yr for SPPW.DE.
Performance
SYBY.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBY.DE achieves a 4.10% return, which is significantly lower than SPPW.DE's 11.67% return.
SYBY.DE
- 1D
- 0.56%
- 1M
- 1.04%
- 6M
- 2.53%
- YTD
- 4.10%
- 1Y
- 4.95%
- 3Y*
- 3.04%
- 5Y*
- 1.08%
- 10Y*
- 1.99%
SPPW.DE
- 1D
- -1.11%
- 1M
- 0.51%
- 6M
- 8.82%
- YTD
- 11.67%
- 1Y
- 21.87%
- 3Y*
- 17.66%
- 5Y*
- 12.20%
- 10Y*
- —
SYBY.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBY.DE State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) | 4.10% | -5.00% | 7.62% | -0.07% | -7.04% | 14.66% | 1.22% | 8.44% |
SPPW.DE SPDR MSCI World UCITS ETF | 11.67% | 8.04% | 26.10% | 20.24% | -13.28% | 32.64% | 5.29% | 3.00% |
Correlation
The correlation between SYBY.DE and SPPW.DE is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019 | 0.07 |
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Return for Risk
SYBY.DE vs. SPPW.DE — Risk / Return Rank
SYBY.DE
SPPW.DE
SYBY.DE vs. SPPW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.DE) and SPDR MSCI World UCITS ETF (SPPW.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.
| SYBY.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.34 | -2.10 |
| Martin ratioReturn relative to average drawdown | 3.34 | 13.29 | -9.95 |
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Drawdowns
SYBY.DE vs. SPPW.DE - Drawdown Comparison
The maximum SYBY.DE drawdown since its inception was -16.23%, smaller than the maximum SPPW.DE drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for SYBY.DE and SPPW.DE.
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Drawdown Indicators
| SYBY.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -33.70% | +17.47% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -6.52% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -10.80% | -21.62% | +10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -21.62% | +6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -15.84% | — | — |
Current DrawdownCurrent decline from peak | -7.03% | -1.13% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -4.86% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.64% | -0.16% |
Volatility
SYBY.DE vs. SPPW.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.DE) is 1.33%, while SPDR MSCI World UCITS ETF (SPPW.DE) has a volatility of 2.66%. This indicates that SYBY.DE experiences smaller price fluctuations and is considered to be less risky than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBY.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.66% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 7.83% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 11.22% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 14.08% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 16.57% | -8.57% |
SYBY.DE vs. SPPW.DE - Expense Ratio Comparison
SYBY.DE has a 0.05% expense ratio, which is lower than SPPW.DE's 0.12% 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
SYBY.DE vs. SPPW.DE - Dividend Comparison
SYBY.DE's dividend yield for the trailing twelve months is around 4.35%, while SPPW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBY.DE State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) | 4.35% | 3.65% | 3.92% | 4.33% | 7.80% | 3.17% | 0.81% | 1.79% | 2.79% | 1.92% | 1.28% |
Frequently Asked Questions
SYBY.DE and SPPW.DE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBY.DE is cheaper with a 0.05% expense ratio, compared with 0.12% for SPPW.DE.
SYBY.DE is categorized as Inflation-Protected Bonds, while SPPW.DE is Global Equities. SYBY.DE tracks Bloomberg U.S. Government Inflation-Linked Bond Index, while SPPW.DE tracks MSCI World Index. Their fees differ too: 0.05% for SYBY.DE and 0.12% for SPPW.DE.
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