X03B.DE vs. SYBG.DE
X03B.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) and SYBG.DE (SPDR Bloomberg UK Gilt UCITS ETF) are both European Government Bonds funds - X03B.DE tracks the iBoxx® EUR Eurozone 1-3 while SYBG.DE tracks the Bloomberg UK Gilt. Both are passively managed. Over the past 10 years, X03B.DE returned 0.26%/yr vs -1.64%/yr for SYBG.DE. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
X03B.DE vs. SYBG.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, X03B.DE achieves a 0.40% return, which is significantly lower than SYBG.DE's 1.73% return. Over the past 10 years, X03B.DE has outperformed SYBG.DE with an annualized return of 0.26%, while SYBG.DE has yielded a comparatively lower -1.64% annualized return.
X03B.DE
- 1D
- 0.05%
- 1M
- 0.33%
- YTD
- 0.40%
- 6M
- 0.51%
- 1Y
- 1.13%
- 3Y*
- 2.80%
- 5Y*
- 0.77%
- 10Y*
- 0.26%
SYBG.DE
- 1D
- 0.06%
- 1M
- 2.08%
- YTD
- 1.73%
- 6M
- 2.20%
- 1Y
- 1.77%
- 3Y*
- 2.55%
- 5Y*
- -4.68%
- 10Y*
- -1.64%
X03B.DE vs. SYBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 0.40% | 2.25% | 3.05% | 3.36% | -4.65% | -0.78% | -0.13% | 0.14% | -0.34% | -0.48% |
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 1.73% | 0.15% | 0.07% | 5.36% | -28.98% | 2.15% | 2.00% | 11.90% | 0.08% | -1.95% |
Correlation
The correlation between X03B.DE and SYBG.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 17, 2012 | 0.36 |
The correlation between X03B.DE and SYBG.DE shifts across timeframes, from 0.36 (all time) to 0.61 (3 years), reflecting how their relationship changes across market environments.
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
X03B.DE vs. SYBG.DE — Risk / Return Rank
X03B.DE
SYBG.DE
X03B.DE vs. SYBG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) and SPDR Bloomberg UK Gilt UCITS ETF (SYBG.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.
| X03B.DE | SYBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.04 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.33 | +0.55 |
| Martin ratioReturn relative to average drawdown | 2.73 | 0.77 | +1.96 |
Loading charts...
Drawdowns
X03B.DE vs. SYBG.DE - Drawdown Comparison
The maximum X03B.DE drawdown since its inception was -6.78%, smaller than the maximum SYBG.DE drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for X03B.DE and SYBG.DE.
Loading charts...
Drawdown Indicators
| X03B.DE | SYBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -36.66% | +29.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.28% | -5.42% | +4.14% |
Max Drawdown (3Y)Largest decline over 3 years | -1.28% | -8.78% | +7.50% |
Max Drawdown (5Y)Largest decline over 5 years | -5.67% | -36.25% | +30.58% |
Max Drawdown (10Y)Largest decline over 10 years | -6.78% | -36.66% | +29.88% |
Current DrawdownCurrent decline from peak | -0.17% | -26.43% | +26.26% |
Average DrawdownAverage peak-to-trough decline | -1.17% | -13.42% | +12.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.08% | -1.67% |
Volatility
X03B.DE vs. SYBG.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond 1-3 UCITS ETF (X03B.DE) is 0.35%, while SPDR Bloomberg UK Gilt UCITS ETF (SYBG.DE) has a volatility of 1.73%. This indicates that X03B.DE experiences smaller price fluctuations and is considered to be less risky than SYBG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| X03B.DE | SYBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 1.73% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 6.10% | -4.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.31% | 8.13% | -6.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.63% | 11.76% | -10.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.32% | 13.84% | -12.52% |
X03B.DE vs. SYBG.DE - Expense Ratio Comparison
Both X03B.DE and SYBG.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
X03B.DE vs. SYBG.DE - Dividend Comparison
X03B.DE's dividend yield for the trailing twelve months is around 1.53%, less than SYBG.DE's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBG.DE SPDR Bloomberg UK Gilt UCITS ETF | 3.73% | 3.64% | 2.65% | 1.69% | 1.22% | 0.82% | 1.11% | 1.14% | 1.27% | 1.60% | 1.77% | 1.89% |
X03B.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | 1.53% | 1.39% | 0.98% | 0.28% | 0.12% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.65% | 0.66% |
Frequently Asked Questions
X03B.DE and SYBG.DE have a correlation of 0.55, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
X03B.DE and SYBG.DE have the same expense ratio: 0.15% per year.
X03B.DE tracks iBoxx® EUR Eurozone 1-3, while SYBG.DE tracks Bloomberg UK Gilt. They also come from different issuers: Xtrackers and State Street.
Find the right allocation for X03B.DE and SYBG.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