SYBY.DE vs. SPYL.DE
SYBY.DE (State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SYBY.DE is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Government Inflation-Linked Bond Index, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SYBY.DE returned 4.95% vs 23.05% for SPYL.DE. At a 0.18 correlation, their price movements are largely independent. SYBY.DE charges 0.05%/yr vs 0.03%/yr for SPYL.DE.
Performance
SYBY.DE vs. SPYL.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 SPYL.DE's 13.19% 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%
SPYL.DE
- 1D
- 0.00%
- 1M
- 2.04%
- 6M
- 10.84%
- YTD
- 13.19%
- 1Y
- 23.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SYBY.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SYBY.DE State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) | 4.10% | -5.00% | 7.62% | -0.04% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 13.19% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between SYBY.DE and SPYL.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.18 |
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Return for Risk
SYBY.DE vs. SPYL.DE — Risk / Return Rank
SYBY.DE
SPYL.DE
SYBY.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.36 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.25 | -2.01 |
| Martin ratioReturn relative to average drawdown | 3.34 | 11.42 | -8.08 |
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Drawdowns
SYBY.DE vs. SPYL.DE - Drawdown Comparison
The maximum SYBY.DE drawdown since its inception was -16.23%, smaller than the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for SYBY.DE and SPYL.DE.
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Drawdown Indicators
| SYBY.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -23.27% | +7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -7.13% | +3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -10.80% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.84% | — | — |
Current DrawdownCurrent decline from peak | -7.03% | -0.14% | -6.89% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -3.26% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.02% | -0.54% |
Volatility
SYBY.DE vs. SPYL.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.DE) is 1.33%, while State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a volatility of 2.75%. This indicates that SYBY.DE experiences smaller price fluctuations and is considered to be less risky than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.75% | -1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 7.97% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 11.85% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 14.91% | -6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 14.91% | -6.91% |
SYBY.DE vs. SPYL.DE - Expense Ratio Comparison
SYBY.DE has a 0.05% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, 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. SPYL.DE - Dividend Comparison
SYBY.DE's dividend yield for the trailing twelve months is around 4.35%, while SPYL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 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 SPYL.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.05% for SYBY.DE.
SYBY.DE is categorized as Inflation-Protected Bonds, while SPYL.DE is S&P 500. SYBY.DE tracks Bloomberg U.S. Government Inflation-Linked Bond Index, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.05% for SYBY.DE and 0.03% for SPYL.DE.
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