UEEG.DE vs. SYBW.DE
UEEG.DE (iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - UEEG.DE tracks the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged) while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, UEEG.DE returned -1.03%/yr vs 2.51%/yr for SYBW.DE. At a correlation of -0.09, they often move in opposite directions. UEEG.DE charges 0.18%/yr vs 0.05%/yr for SYBW.DE.
Performance
UEEG.DE vs. SYBW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UEEG.DE achieves a -1.05% return, which is significantly lower than SYBW.DE's 3.74% return.
UEEG.DE
- 1D
- 0.21%
- 1M
- -0.21%
- 6M
- -0.85%
- YTD
- -1.05%
- 1Y
- 1.08%
- 3Y*
- 2.00%
- 5Y*
- -1.03%
- 10Y*
- —
SYBW.DE
- 1D
- 0.14%
- 1M
- 1.58%
- 6M
- 2.78%
- YTD
- 3.74%
- 1Y
- 4.90%
- 3Y*
- 3.66%
- 5Y*
- 2.51%
- 10Y*
- 1.34%
UEEG.DE vs. SYBW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | -1.05% | 4.64% | 0.67% | 2.27% | -9.47% | -2.61% | -0.20% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.74% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -2.90% |
Correlation
The correlation between UEEG.DE and SYBW.DE is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | -0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UEEG.DE vs. SYBW.DE — Risk / Return Rank
UEEG.DE
SYBW.DE
UEEG.DE vs. SYBW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.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.
| UEEG.DE | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.15 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 1.39 | -0.92 |
| Martin ratioReturn relative to average drawdown | 1.08 | 3.46 | -2.38 |
Loading charts...
Drawdowns
UEEG.DE vs. SYBW.DE - Drawdown Comparison
The maximum UEEG.DE drawdown since its inception was -13.77%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for UEEG.DE and SYBW.DE.
Loading charts...
Drawdown Indicators
| UEEG.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.77% | -28.24% | +14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.30% | -3.52% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -3.22% | -10.87% | +7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.90% | -12.61% | -0.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.37% | — |
Current DrawdownCurrent decline from peak | -6.39% | -5.15% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -9.74% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.41% | -0.41% |
Volatility
UEEG.DE vs. SYBW.DE - Volatility Comparison
The current volatility for iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) (UEEG.DE) is 1.00%, while State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) has a volatility of 1.41%. This indicates that UEEG.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.
Loading charts...
Volatility by Period
| UEEG.DE | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.41% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 3.90% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 5.54% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 7.16% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.03% | 10.47% | -6.44% |
UEEG.DE vs. SYBW.DE - Expense Ratio Comparison
UEEG.DE has a 0.18% 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
UEEG.DE vs. SYBW.DE - Dividend Comparison
UEEG.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% |
UEEG.DE iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc) | 0.00% | 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
UEEG.DE and SYBW.DE have a correlation of -0.16, 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 0.18% for UEEG.DE.
UEEG.DE tracks FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index (EUR Hedged), while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for UEEG.DE and 0.05% for SYBW.DE.
Find the right allocation for UEEG.DE and SYBW.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer