VGEA.DE vs. SYB3.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - VGEA.DE tracks the Bloomberg Euro Aggregate Treasury while SYB3.DE tracks the Bloomberg Euro 1-3 Year Treasury Bond. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs 0.59%/yr for SYB3.DE. A 0.71 correlation means they provide meaningful diversification when combined. VGEA.DE charges 0.07%/yr vs 0.15%/yr for SYB3.DE.
Performance
VGEA.DE vs. SYB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.11% return, which is significantly higher than SYB3.DE's 0.06% return.
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 0.06%
- 6M
- 0.22%
- 1Y
- 0.91%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
VGEA.DE vs. SYB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.06% | 2.26% | 2.98% | 3.26% | -4.94% | -0.83% | -0.16% | 0.26% |
Correlation
The correlation between VGEA.DE and SYB3.DE is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.71 |
The correlation between VGEA.DE and SYB3.DE shifts across timeframes, from 0.69 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VGEA.DE vs. SYB3.DE — Risk / Return Rank
VGEA.DE
SYB3.DE
VGEA.DE vs. SYB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.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.
| VGEA.DE | SYB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.11 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.60 | -0.61 |
| Martin ratioReturn relative to average drawdown | -0.04 | 1.86 | -1.90 |
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
| VGEA.DE | SYB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.57 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.35 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.56 | -0.65 |
Drawdowns
VGEA.DE vs. SYB3.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, which is greater than SYB3.DE's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and SYB3.DE.
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Drawdown Indicators
| VGEA.DE | SYB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -7.13% | -15.21% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -1.28% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -1.28% | -2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -5.99% | -15.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -7.13% | — |
Current DrawdownCurrent decline from peak | -13.91% | -0.55% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -1.39% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.41% | +0.92% |
Volatility
VGEA.DE vs. SYB3.DE - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a higher volatility of 1.67% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) at 0.52%. This indicates that VGEA.DE's price experiences larger fluctuations and is considered to be riskier than SYB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEA.DE | SYB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 0.52% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 1.19% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 1.34% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 1.67% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 1.48% | +4.38% |
VGEA.DE vs. SYB3.DE - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than SYB3.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
VGEA.DE vs. SYB3.DE - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while SYB3.DE's dividend yield for the trailing twelve months is around 2.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
VGEA.DE Vanguard EUR Eurozone Government 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
VGEA.DE and SYB3.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for SYB3.DE.
VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.07% for VGEA.DE and 0.15% for SYB3.DE.
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