SYBZ.DE vs. IS0Z.DE
SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) and IS0Z.DE (iShares Global AAA-AA Government Bond UCITS ETF (Dist)) are both Global Bonds funds - SYBZ.DE tracks the Bloomberg Global Aggregate Bond while IS0Z.DE tracks the Bloomberg Global Government AAA-AA Capped Bond. Both are passively managed. Over the past 5 years, SYBZ.DE returned -1.06%/yr vs -2.11%/yr for IS0Z.DE. A 0.71 correlation means they provide meaningful diversification when combined. SYBZ.DE charges 0.10%/yr vs 0.20%/yr for IS0Z.DE.
Performance
SYBZ.DE vs. IS0Z.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBZ.DE achieves a 0.96% return, which is significantly lower than IS0Z.DE's 1.29% return.
SYBZ.DE
- 1D
- -0.01%
- 1M
- 0.44%
- YTD
- 0.96%
- 6M
- 0.50%
- 1Y
- 0.26%
- 3Y*
- 0.32%
- 5Y*
- -1.06%
- 10Y*
- —
IS0Z.DE
- 1D
- 0.06%
- 1M
- 0.21%
- YTD
- 1.29%
- 6M
- 1.26%
- 1Y
- 0.54%
- 3Y*
- 1.18%
- 5Y*
- -2.11%
- 10Y*
- -0.58%
SYBZ.DE vs. IS0Z.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 0.96% | -4.27% | 3.98% | 1.41% | -11.02% | 2.85% | -0.73% | 8.89% | 6.28% |
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 1.29% | -1.88% | 0.75% | 4.39% | -16.12% | -0.07% | 2.03% | 7.04% | 4.36% |
Correlation
The correlation between SYBZ.DE and IS0Z.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | 0.71 |
The correlation between SYBZ.DE and IS0Z.DE has been stable across timeframes, ranging from 0.66 to 0.75 - a consistent structural relationship.
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Return for Risk
SYBZ.DE vs. IS0Z.DE — Risk / Return Rank
SYBZ.DE
IS0Z.DE
SYBZ.DE vs. IS0Z.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) and iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.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.
| SYBZ.DE | IS0Z.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.01 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.04 | 0.09 | -0.06 |
| Martin ratioReturn relative to average drawdown | 0.07 | 0.19 | -0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SYBZ.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 0.06 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.34 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.05 | +0.10 |
Drawdowns
SYBZ.DE vs. IS0Z.DE - Drawdown Comparison
The maximum SYBZ.DE drawdown since its inception was -16.33%, smaller than the maximum IS0Z.DE drawdown of -21.02%. Use the drawdown chart below to compare losses from any high point for SYBZ.DE and IS0Z.DE.
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Drawdown Indicators
| SYBZ.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.33% | -21.02% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -2.50% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -7.58% | -5.11% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -15.01% | -19.65% | +4.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.02% | — |
Current DrawdownCurrent decline from peak | -11.83% | -15.06% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -7.48% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 1.21% | +0.06% |
Volatility
SYBZ.DE vs. IS0Z.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) is 0.99%, while iShares Global AAA-AA Government Bond UCITS ETF (Dist) (IS0Z.DE) has a volatility of 1.69%. This indicates that SYBZ.DE experiences smaller price fluctuations and is considered to be less risky than IS0Z.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBZ.DE | IS0Z.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 1.69% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 3.07% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 3.82% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 6.19% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.21% | 5.66% | +0.55% |
SYBZ.DE vs. IS0Z.DE - Expense Ratio Comparison
SYBZ.DE has a 0.10% expense ratio, which is lower than IS0Z.DE's 0.20% 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
SYBZ.DE vs. IS0Z.DE - Dividend Comparison
SYBZ.DE's dividend yield for the trailing twelve months is around 2.68%, which matches IS0Z.DE's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS0Z.DE iShares Global AAA-AA Government Bond UCITS ETF (Dist) | 2.67% | 2.51% | 2.30% | 1.57% | 0.80% | 0.47% | 0.62% | 0.88% | 0.90% | 0.82% | 0.84% | 1.06% |
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF | 2.68% | 2.96% | 2.51% | 1.86% | 1.38% | 0.98% | 1.40% | 1.41% | 0.70% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBZ.DE and IS0Z.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBZ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBZ.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IS0Z.DE.
SYBZ.DE tracks Bloomberg Global Aggregate Bond, while IS0Z.DE tracks Bloomberg Global Government AAA-AA Capped Bond. They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for SYBZ.DE and 0.20% for IS0Z.DE.
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