T1EU.DE vs. SYBW.DE
T1EU.DE (Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - T1EU.DE tracks the Bloomberg US Treasury Coupons Index while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, T1EU.DE returned 1.42%/yr vs 2.52%/yr for SYBW.DE. At a correlation of -0.05, they often move in opposite directions. T1EU.DE charges 0.10%/yr vs 0.05%/yr for SYBW.DE.
Performance
T1EU.DE vs. SYBW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, T1EU.DE achieves a 0.92% return, which is significantly lower than SYBW.DE's 3.77% return.
T1EU.DE
- 1D
- -0.02%
- 1M
- 0.21%
- 6M
- 0.85%
- YTD
- 0.92%
- 1Y
- 1.89%
- 3Y*
- 2.72%
- 5Y*
- 1.42%
- 10Y*
- —
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.61%
- 6M
- 2.39%
- YTD
- 3.77%
- 1Y
- 4.75%
- 3Y*
- 3.60%
- 5Y*
- 2.52%
- 10Y*
- 1.29%
T1EU.DE vs. SYBW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.92% | 2.00% | 3.48% | 2.83% | -1.53% | -0.93% | -0.47% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.77% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -9.57% |
Correlation
The correlation between T1EU.DE and SYBW.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | -0.05 |
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Return for Risk
T1EU.DE vs. SYBW.DE — Risk / Return Rank
T1EU.DE
SYBW.DE
T1EU.DE vs. SYBW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) and State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.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.
| T1EU.DE | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.15 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | 1.34 | +2.37 |
| Martin ratioReturn relative to average drawdown | 16.22 | 3.36 | +12.86 |
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Drawdowns
T1EU.DE vs. SYBW.DE - Drawdown Comparison
The maximum T1EU.DE drawdown since its inception was -3.20%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for T1EU.DE and SYBW.DE.
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Drawdown Indicators
| T1EU.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.20% | -28.24% | +25.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.51% | -3.52% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.51% | -10.87% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -12.61% | +10.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.37% | — |
Current DrawdownCurrent decline from peak | -0.02% | -5.13% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -9.74% | +8.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.12% | 1.40% | -1.28% |
Volatility
T1EU.DE vs. SYBW.DE - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc (T1EU.DE) is 0.64%, while State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) has a volatility of 1.12%. This indicates that T1EU.DE experiences smaller price fluctuations and is considered to be less risky than SYBW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| T1EU.DE | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.12% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | 3.89% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 5.46% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.85% | 7.16% | -6.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.77% | 10.47% | -9.70% |
T1EU.DE vs. SYBW.DE - Expense Ratio Comparison
T1EU.DE has a 0.10% expense ratio, which is higher than SYBW.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
T1EU.DE vs. SYBW.DE - Dividend Comparison
T1EU.DE has not paid dividends to shareholders, while SYBW.DE's dividend yield for the trailing twelve months is around 3.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.82% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
T1EU.DE Invesco US Treasury Bond 0-1 Year UCITS ETF EUR Hdg Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T1EU.DE and SYBW.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBW.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBW.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for T1EU.DE.
T1EU.DE tracks Bloomberg US Treasury Coupons Index, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.10% for T1EU.DE and 0.05% for SYBW.DE.
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