VAGT.DE vs. SYBT.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and SYBT.DE (SPDR Bloomberg US Treasury Bond UCITS ETF) are both Government Bonds funds - VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while SYBT.DE tracks the Bloomberg US Treasury. Both are passively managed. Over the past 3 years, VAGT.DE returned 0.08%/yr vs 0.03%/yr for SYBT.DE. With a 0.98 correlation, they move nearly in lockstep. VAGT.DE charges 0.05%/yr vs 0.15%/yr for SYBT.DE.
Performance
VAGT.DE vs. SYBT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 1.07% return, which is significantly higher than SYBT.DE's 0.91% return.
VAGT.DE
- 1D
- 0.09%
- 1M
- 0.85%
- YTD
- 1.07%
- 6M
- 0.31%
- 1Y
- 1.96%
- 3Y*
- 0.08%
- 5Y*
- —
- 10Y*
- —
SYBT.DE
- 1D
- -0.19%
- 1M
- 0.53%
- YTD
- 0.91%
- 6M
- 0.10%
- 1Y
- 1.73%
- 3Y*
- 0.03%
- 5Y*
- 0.43%
- 10Y*
- 0.75%
VAGT.DE vs. SYBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 1.07% | -5.48% | 6.40% | -0.45% |
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 0.91% | -5.48% | 6.46% | -0.51% |
Correlation
The correlation between VAGT.DE and SYBT.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.98 |
The correlation between VAGT.DE and SYBT.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
VAGT.DE vs. SYBT.DE — Risk / Return Rank
VAGT.DE
SYBT.DE
VAGT.DE vs. SYBT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) and SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.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.
| VAGT.DE | SYBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 0.34 | +0.07 |
| Martin ratioReturn relative to average drawdown | 1.00 | 0.88 | +0.13 |
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
| VAGT.DE | SYBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.29 | 0.25 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.35 | -0.30 |
Drawdowns
VAGT.DE vs. SYBT.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum SYBT.DE drawdown of -17.66%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and SYBT.DE.
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Drawdown Indicators
| VAGT.DE | SYBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -17.66% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -4.22% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -11.03% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.66% | — |
Current DrawdownCurrent decline from peak | -7.21% | -13.25% | +6.04% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -8.61% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.62% | -0.01% |
Volatility
VAGT.DE vs. SYBT.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) is 0.86%, while SPDR Bloomberg US Treasury Bond UCITS ETF (SYBT.DE) has a volatility of 1.34%. This indicates that VAGT.DE experiences smaller price fluctuations and is considered to be less risky than SYBT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGT.DE | SYBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.86% | 1.34% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.76% | 4.16% | -0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.49% | 5.77% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 8.18% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 7.74% | -0.41% |
VAGT.DE vs. SYBT.DE - Expense Ratio Comparison
VAGT.DE has a 0.05% expense ratio, which is lower than SYBT.DE's 0.15% 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
VAGT.DE vs. SYBT.DE - Dividend Comparison
VAGT.DE has not paid dividends to shareholders, while SYBT.DE's dividend yield for the trailing twelve months is around 3.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBT.DE SPDR Bloomberg US Treasury Bond UCITS ETF | 3.62% | 3.70% | 2.94% | 2.22% | 1.31% | 0.92% | 1.98% | 3.24% | 1.58% | 1.66% | 1.29% | 1.25% |
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 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
With a correlation of 0.95, VAGT.DE and SYBT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VAGT.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for SYBT.DE.
VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while SYBT.DE tracks Bloomberg US Treasury. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.05% for VAGT.DE and 0.15% for SYBT.DE.
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