SYBY.DE vs. SXRH.DE
SYBY.DE (State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist)) and SXRH.DE (iShares USD TIPS 0-5 UCITS ETF USD (Dist)) are both Inflation-Protected Bonds funds - SYBY.DE tracks the Bloomberg U.S. Government Inflation-Linked Bond Index while SXRH.DE tracks the ICE US Treasury Inflation-Linked Bond 0-5 Years. Both are passively managed. Over the past 5 years, SYBY.DE returned 1.08%/yr vs 3.74%/yr for SXRH.DE. Their correlation of 0.80 suggests significant overlap in exposure. SYBY.DE charges 0.05%/yr vs 0.10%/yr for SXRH.DE.
Performance
SYBY.DE vs. SXRH.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SYBY.DE having a 4.10% return and SXRH.DE slightly higher at 4.23%.
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%
SXRH.DE
- 1D
- 0.00%
- 1M
- 1.42%
- 6M
- 2.76%
- YTD
- 4.23%
- 1Y
- 4.23%
- 3Y*
- 4.26%
- 5Y*
- 3.74%
- 10Y*
- —
SYBY.DE vs. SXRH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 11.32% | 3.18% | -9.89% |
SXRH.DE iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 4.23% | -5.80% | 10.86% | 1.03% | 2.89% | 14.19% | -4.42% | 7.48% | 5.24% | -16.56% |
Correlation
The correlation between SYBY.DE and SXRH.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2017 | 0.80 |
The correlation between SYBY.DE and SXRH.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
SYBY.DE vs. SXRH.DE — Risk / Return Rank
SYBY.DE
SXRH.DE
SYBY.DE vs. SXRH.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 iShares USD TIPS 0-5 UCITS ETF USD (Dist) (SXRH.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 | SXRH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.15 | +0.08 |
| Martin ratioReturn relative to average drawdown | 3.34 | 3.09 | +0.25 |
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Drawdowns
SYBY.DE vs. SXRH.DE - Drawdown Comparison
The maximum SYBY.DE drawdown since its inception was -16.23%, smaller than the maximum SXRH.DE drawdown of -20.23%. Use the drawdown chart below to compare losses from any high point for SYBY.DE and SXRH.DE.
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Drawdown Indicators
| SYBY.DE | SXRH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -20.23% | +4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.66% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -10.80% | -10.06% | -0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -12.37% | -2.95% |
Max Drawdown (10Y)Largest decline over 10 years | -15.84% | — | — |
Current DrawdownCurrent decline from peak | -7.03% | -4.25% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -7.18% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.36% | +0.12% |
Volatility
SYBY.DE vs. SXRH.DE - Volatility Comparison
State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.DE) has a higher volatility of 1.33% compared to iShares USD TIPS 0-5 UCITS ETF USD (Dist) (SXRH.DE) at 1.09%. This indicates that SYBY.DE's price experiences larger fluctuations and is considered to be riskier than SXRH.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 | SXRH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.09% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 5.07% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 6.63% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 7.83% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 7.75% | +0.25% |
SYBY.DE vs. SXRH.DE - Expense Ratio Comparison
SYBY.DE has a 0.05% expense ratio, which is lower than SXRH.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
SYBY.DE vs. SXRH.DE - Dividend Comparison
SYBY.DE's dividend yield for the trailing twelve months is around 4.35%, less than SXRH.DE's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SXRH.DE iShares USD TIPS 0-5 UCITS ETF USD (Dist) | 5.05% | 6.14% | 6.79% | 5.24% | 0.30% | 0.35% | 3.29% | 3.30% | 2.97% | 1.04% | 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 SXRH.DE have a correlation of 0.73, 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 0.10% for SXRH.DE.
SYBY.DE tracks Bloomberg U.S. Government Inflation-Linked Bond Index, while SXRH.DE tracks ICE US Treasury Inflation-Linked Bond 0-5 Years. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for SYBY.DE and 0.10% for SXRH.DE.
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