SYBY.DE vs. UINF.DE
SYBY.DE (State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist)) and UINF.DE (Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc)) are both Inflation-Protected Bonds funds - SYBY.DE tracks the Bloomberg U.S. Government Inflation-Linked Bond Index while UINF.DE tracks the iBoxx EUR Breakeven Euro-Inflation France & Germany Index. Both are passively managed. Over the past 10 years, SYBY.DE returned 1.99%/yr vs 2.12%/yr for UINF.DE. A 0.63 correlation means they provide meaningful diversification when combined. SYBY.DE charges 0.05%/yr vs 0.25%/yr for UINF.DE.
Performance
SYBY.DE vs. UINF.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 UINF.DE's 6.29% return. Over the past 10 years, SYBY.DE has underperformed UINF.DE with an annualized return of 1.99%, while UINF.DE has yielded a comparatively higher 2.12% annualized 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%
UINF.DE
- 1D
- -0.07%
- 1M
- 1.52%
- 6M
- 4.27%
- YTD
- 6.29%
- 1Y
- 4.53%
- 3Y*
- 4.38%
- 5Y*
- 5.52%
- 10Y*
- 2.12%
SYBY.DE vs. UINF.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% | -9.26% |
UINF.DE Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) | 6.29% | -8.21% | 12.68% | 1.01% | 9.16% | 18.53% | -8.28% | 3.58% | 3.75% | -12.00% |
Correlation
The correlation between SYBY.DE and UINF.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 19, 2016 | 0.63 |
The correlation between SYBY.DE and UINF.DE has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
SYBY.DE vs. UINF.DE — Risk / Return Rank
SYBY.DE
UINF.DE
SYBY.DE vs. UINF.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 Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) (UINF.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 | UINF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.32 | -0.09 |
| Martin ratioReturn relative to average drawdown | 3.34 | 2.74 | +0.60 |
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Drawdowns
SYBY.DE vs. UINF.DE - Drawdown Comparison
The maximum SYBY.DE drawdown since its inception was -16.23%, roughly equal to the maximum UINF.DE drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for SYBY.DE and UINF.DE.
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Drawdown Indicators
| SYBY.DE | UINF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -16.94% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.41% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -10.80% | -12.26% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -12.49% | -2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -15.84% | -16.94% | +1.10% |
Current DrawdownCurrent decline from peak | -7.03% | -5.58% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -7.53% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.64% | -0.16% |
Volatility
SYBY.DE vs. UINF.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist) (SYBY.DE) is 1.33%, while Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) (UINF.DE) has a volatility of 1.47%. This indicates that SYBY.DE experiences smaller price fluctuations and is considered to be less risky than UINF.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 | UINF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 1.47% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 5.16% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 7.07% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 8.87% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 8.20% | -0.20% |
SYBY.DE vs. UINF.DE - Expense Ratio Comparison
SYBY.DE has a 0.05% expense ratio, which is lower than UINF.DE's 0.25% 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. UINF.DE - Dividend Comparison
SYBY.DE's dividend yield for the trailing twelve months is around 4.35%, while UINF.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UINF.DE Amundi Euro Inflation Expectations 2-10Y UCITS ETF (Acc) | 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
SYBY.DE and UINF.DE have a correlation of 0.71, 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 0.25% for UINF.DE.
SYBY.DE tracks Bloomberg U.S. Government Inflation-Linked Bond Index, while UINF.DE tracks iBoxx EUR Breakeven Euro-Inflation France & Germany Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.05% for SYBY.DE and 0.25% for UINF.DE.
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