SYBZ.DE vs. XG7S.DE

Last updated Jun 5, 2026

SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) and XG7S.DE (Xtrackers Global Government Bond UCITS ETF 5C) are both Global Bonds funds - SYBZ.DE tracks the Bloomberg Global Aggregate Bond while XG7S.DE tracks the Bloomberg Global Aggregate TR USD. Both are passively managed. Over the past 5 years, SYBZ.DE returned -1.06%/yr vs -2.42%/yr for XG7S.DE. Their correlation of 0.82 suggests significant overlap in exposure. SYBZ.DE charges 0.10%/yr vs 0.20%/yr for XG7S.DE.

Performance

SYBZ.DE vs. XG7S.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) and Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYBZ.DE achieves a 0.96% return, which is significantly higher than XG7S.DE's 0.23% 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*: —

XG7S.DE

• 1D: 0.13%
• 1M: 0.28%
• YTD: 0.23%
• 6M: -0.30%
• 1Y: -0.99%
• 3Y*: -0.74%
• 5Y*: -2.42%
• 10Y*: -0.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBZ.DE vs. XG7S.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%
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C	0.23%	-4.70%	2.17%	1.03%	-13.47%	0.52%	0.56%	7.95%	6.35%

Correlation

The correlation between SYBZ.DE and XG7S.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018	0.82

The correlation between SYBZ.DE and XG7S.DE has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

SYBZ.DE vs. XG7S.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYBZ.DE

SYBZ.DE Risk / Return Rank: 9
SYBZ.DE Sharpe Ratio Rank: 9
SYBZ.DE Sortino Ratio Rank: 8
SYBZ.DE Omega Ratio Rank: 8
SYBZ.DE Calmar Ratio Rank: 10
SYBZ.DE Martin Ratio Rank: 9

XG7S.DE

XG7S.DE Risk / Return Rank: 5
XG7S.DE Sharpe Ratio Rank: 6
XG7S.DE Sortino Ratio Rank: 5
XG7S.DE Omega Ratio Rank: 5
XG7S.DE Calmar Ratio Rank: 5
XG7S.DE Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SYBZ.DE vs. XG7S.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 Xtrackers Global Government Bond UCITS ETF 5C (XG7S.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	XG7S.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.02	-0.33	+0.35
Sortino ratio: Return per unit of downside risk	0.06	-0.42	+0.48
Omega ratio: Gain probability vs. loss probability	1.01	0.95	+0.06
Calmar ratio: Return relative to maximum drawdown	0.04	-0.47	+0.50
Martin ratio: Return relative to average drawdown	0.07	-0.91	+0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYBZ.DE vs. XG7S.DE - Sharpe Ratio Comparison

The current SYBZ.DE Sharpe Ratio is 0.02, which is higher than the XG7S.DE Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of SYBZ.DE and XG7S.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SYBZ.DE	XG7S.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	-0.33	+0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	-0.38	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.16	-0.02

Drawdowns

SYBZ.DE vs. XG7S.DE - Drawdown Comparison

The maximum SYBZ.DE drawdown since its inception was -16.33%, smaller than the maximum XG7S.DE drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for SYBZ.DE and XG7S.DE.

Drawdown Indicators

	SYBZ.DE	XG7S.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.33%	-21.08%	+4.75%
Max Drawdown (1Y) Largest decline over 1 year	-2.33%	-2.81%	+0.48%
Max Drawdown (3Y) Largest decline over 3 years	-7.58%	-7.74%	+0.16%
Max Drawdown (5Y) Largest decline over 5 years	-15.01%	-18.20%	+3.19%
Max Drawdown (10Y) Largest decline over 10 years	—	-21.08%	—
Current Drawdown Current decline from peak	-11.83%	-19.11%	+7.28%
Average Drawdown Average peak-to-trough decline	-7.57%	-8.76%	+1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	1.45%	-0.18%

Volatility

SYBZ.DE vs. XG7S.DE - Volatility Comparison

The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) is 0.99%, while Xtrackers Global Government Bond UCITS ETF 5C (XG7S.DE) has a volatility of 1.23%. This indicates that SYBZ.DE experiences smaller price fluctuations and is considered to be less risky than XG7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBZ.DE	XG7S.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	1.23%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	2.53%	2.97%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	3.62%	3.98%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.40%	6.39%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	5.85%	+0.36%

SYBZ.DE vs. XG7S.DE - Expense Ratio Comparison

SYBZ.DE has a 0.10% expense ratio, which is lower than XG7S.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. XG7S.DE - Dividend Comparison

SYBZ.DE's dividend yield for the trailing twelve months is around 2.68%, while XG7S.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
XG7S.DE Xtrackers Global Government Bond UCITS ETF 5C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SYBZ.DE and XG7S.DE in my portfolio?

SYBZ.DE and XG7S.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYBZ.DE or XG7S.DE?

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.

Which ETF is cheaper, SYBZ.DE or XG7S.DE?

SYBZ.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for XG7S.DE.

What is the main difference between SYBZ.DE and XG7S.DE?

SYBZ.DE tracks Bloomberg Global Aggregate Bond, while XG7S.DE tracks Bloomberg Global Aggregate TR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.10% for SYBZ.DE and 0.20% for XG7S.DE.