VGTY.DE vs. SYBW.DE
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) are both Government Bonds funds - VGTY.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 5 years, VGTY.DE returned -0.06%/yr vs 2.52%/yr for SYBW.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
VGTY.DE vs. SYBW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGTY.DE achieves a 2.69% return, which is significantly lower than SYBW.DE's 3.77% return.
VGTY.DE
- 1D
- 0.22%
- 1M
- 1.02%
- 6M
- 1.37%
- YTD
- 2.69%
- 1Y
- 4.71%
- 3Y*
- 2.21%
- 5Y*
- -0.06%
- 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%
VGTY.DE vs. SYBW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 2.69% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -1.94% | 9.66% | 4.95% | -2.98% |
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% | -6.16% | 5.97% | 6.10% | -1.78% |
Correlation
The correlation between VGTY.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 (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.81 |
The correlation between VGTY.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
VGTY.DE vs. SYBW.DE — Risk / Return Rank
VGTY.DE
SYBW.DE
VGTY.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 Distributing (VGTY.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.
| VGTY.DE | SYBW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.15 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.34 | -0.17 |
| Martin ratioReturn relative to average drawdown | 3.03 | 3.36 | -0.34 |
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Drawdowns
VGTY.DE vs. SYBW.DE - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.51%, smaller than the maximum SYBW.DE drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for VGTY.DE and SYBW.DE.
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Drawdown Indicators
| VGTY.DE | SYBW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -28.24% | +10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -3.52% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -10.87% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.99% | -12.61% | -0.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.37% | — |
Current DrawdownCurrent decline from peak | -11.55% | -5.13% | -6.42% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -9.74% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 1.40% | +0.15% |
Volatility
VGTY.DE vs. SYBW.DE - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) has a higher volatility of 1.24% compared to State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) at 1.12%. This indicates that VGTY.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
| VGTY.DE | SYBW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.12% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.71% | 3.89% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.37% | 5.46% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 7.16% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.65% | 10.47% | -2.82% |
VGTY.DE vs. SYBW.DE - Expense Ratio Comparison
Both VGTY.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
VGTY.DE vs. SYBW.DE - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 4.12%, more than SYBW.DE's 3.82% yield.
| 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% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.12% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
VGTY.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.
VGTY.DE and SYBW.DE have the same expense ratio: 0.05% per year.
VGTY.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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