SYBY.DE vs. ZPRX.DE
SYBY.DE (State Street SPDR Bloomberg U.S. TIPS UCITS ETF (Dist)) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted 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 ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SYBY.DE returned 1.99%/yr vs 8.95%/yr for ZPRX.DE. At a correlation of -0.08, they often move in opposite directions. SYBY.DE charges 0.05%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SYBY.DE vs. ZPRX.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 ZPRX.DE's 9.59% return. Over the past 10 years, SYBY.DE has underperformed ZPRX.DE with an annualized return of 1.99%, while ZPRX.DE has yielded a comparatively higher 8.95% 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%
ZPRX.DE
- 1D
- -0.34%
- 1M
- 1.07%
- 6M
- 6.01%
- YTD
- 9.59%
- 1Y
- 16.38%
- 3Y*
- 15.07%
- 5Y*
- 9.07%
- 10Y*
- 8.95%
SYBY.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 9.59% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -19.19% | 12.89% |
Correlation
The correlation between SYBY.DE and ZPRX.DE is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2015 | -0.08 |
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Return for Risk
SYBY.DE vs. ZPRX.DE — Risk / Return Rank
SYBY.DE
ZPRX.DE
SYBY.DE vs. ZPRX.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 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.
| SYBY.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 1.40 | -0.17 |
| Martin ratioReturn relative to average drawdown | 3.34 | 5.08 | -1.73 |
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Drawdowns
SYBY.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SYBY.DE drawdown since its inception was -16.23%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SYBY.DE and ZPRX.DE.
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Drawdown Indicators
| SYBY.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.23% | -43.93% | +27.70% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -11.63% | +7.63% |
Max Drawdown (3Y)Largest decline over 3 years | -10.80% | -15.95% | +5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -15.32% | -27.52% | +12.20% |
Max Drawdown (10Y)Largest decline over 10 years | -15.84% | -43.93% | +28.09% |
Current DrawdownCurrent decline from peak | -7.03% | -0.34% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -7.64% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 3.22% | -1.74% |
Volatility
SYBY.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 3.68%. This indicates that SYBY.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
| SYBY.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 3.68% | -2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 11.70% | -7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 14.14% | -8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 16.70% | -8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 17.57% | -9.57% |
SYBY.DE vs. ZPRX.DE - Expense Ratio Comparison
SYBY.DE has a 0.05% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SYBY.DE vs. ZPRX.DE - Dividend Comparison
SYBY.DE's dividend yield for the trailing twelve months is around 4.35%, while ZPRX.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% |
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% |
Frequently Asked Questions
SYBY.DE and ZPRX.DE have a correlation of -0.18, 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 0.30% for ZPRX.DE.
SYBY.DE is categorized as Inflation-Protected Bonds, while ZPRX.DE is Europe Equities. SYBY.DE tracks Bloomberg U.S. Government Inflation-Linked Bond Index, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.05% for SYBY.DE and 0.30% for ZPRX.DE.
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