VAGT.DE vs. SYBW.DE
VAGT.DE (Vanguard USD Treasury Bond UCITS ETF Accumulating) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - VAGT.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index. Both are passively managed. Over the past 3 years, VAGT.DE returned 2.13%/yr vs 3.60%/yr for SYBW.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
VAGT.DE vs. SYBW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGT.DE achieves a 2.49% return, which is significantly lower than SYBW.DE's 3.77% return.
VAGT.DE
- 1D
- 0.00%
- 1M
- 0.81%
- 6M
- 1.16%
- YTD
- 2.49%
- 1Y
- 4.46%
- 3Y*
- 2.13%
- 5Y*
- —
- 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%
VAGT.DE vs. SYBW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VAGT.DE Vanguard USD Treasury Bond UCITS ETF Accumulating | 2.49% | -5.48% | 6.40% | -0.47% |
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.77% | -6.50% | 9.98% | -0.24% |
Correlation
The correlation between VAGT.DE and SYBW.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2023 | 0.82 |
The correlation between VAGT.DE and SYBW.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
VAGT.DE vs. SYBW.DE — Risk / Return Rank
VAGT.DE
SYBW.DE
VAGT.DE vs. SYBW.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 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.
| VAGT.DE | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.15 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 1.34 | -0.22 |
| Martin ratioReturn relative to average drawdown | 2.88 | 3.36 | -0.49 |
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Drawdowns
VAGT.DE vs. SYBW.DE - Drawdown Comparison
The maximum VAGT.DE drawdown since its inception was -11.03%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for VAGT.DE and SYBW.DE.
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Drawdown Indicators
| VAGT.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.03% | -28.24% | +17.21% |
Max Drawdown (1Y)Largest decline over 1 year | -4.00% | -3.52% | -0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -11.03% | -10.87% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.37% | — |
Current DrawdownCurrent decline from peak | -5.91% | -5.13% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -9.74% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 1.40% | +0.16% |
Volatility
VAGT.DE vs. SYBW.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Accumulating (VAGT.DE) has a higher volatility of 1.23% compared to State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) at 1.12%. This indicates that VAGT.DE's price experiences larger fluctuations and is considered to be riskier 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
| VAGT.DE | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 1.12% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 3.81% | 3.89% | -0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.46% | 5.46% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.26% | 7.16% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 10.47% | -3.21% |
VAGT.DE vs. SYBW.DE - Expense Ratio Comparison
Both VAGT.DE and SYBW.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VAGT.DE vs. SYBW.DE - Dividend Comparison
VAGT.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% |
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
VAGT.DE and SYBW.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VAGT.DE and SYBW.DE have the same expense ratio: 0.05% per year.
VAGT.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index. They also come from different issuers: Vanguard and State Street.
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