X03C.DE vs. SYBB.DE
X03C.DE (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF) and SYBB.DE (SPDR Bloomberg Euro Government Bond UCITS ETF Dist) are both European Government Bonds funds - X03C.DE tracks the Markit iBoxx® EUR Eurozone 3-5 while SYBB.DE tracks the Bloomberg Euro Treasury Bond. Both are passively managed. Over the past 10 years, X03C.DE returned 0.21%/yr vs -0.33%/yr for SYBB.DE. A 0.80 correlation means they provide meaningful diversification when combined. X03C.DE charges 0.15%/yr vs 0.10%/yr for SYBB.DE.
Performance
X03C.DE vs. SYBB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03C.DE achieves a -0.14% return, which is significantly lower than SYBB.DE's 0.36% return. Over the past 10 years, X03C.DE has outperformed SYBB.DE with an annualized return of 0.21%, while SYBB.DE has yielded a comparatively lower -0.33% annualized return.
X03C.DE
- 1D
- 0.06%
- 1M
- -0.01%
- YTD
- -0.14%
- 6M
- -0.06%
- 1Y
- 0.67%
- 3Y*
- 2.83%
- 5Y*
- -0.28%
- 10Y*
- 0.21%
SYBB.DE
- 1D
- 0.10%
- 1M
- -0.01%
- YTD
- 0.36%
- 6M
- 0.21%
- 1Y
- 0.47%
- 3Y*
- 2.42%
- 5Y*
- -2.27%
- 10Y*
- -0.33%
X03C.DE vs. SYBB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03C.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | -0.14% | 2.45% | 2.38% | 5.56% | -10.15% | -1.30% | 1.36% | 2.65% | 0.06% | -0.24% |
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 0.36% | 0.60% | 1.49% | 6.80% | -18.49% | -3.34% | 4.67% | 6.73% | 0.84% | -0.08% |
Correlation
The correlation between X03C.DE and SYBB.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2011 | 0.80 |
The correlation between X03C.DE and SYBB.DE shifts across timeframes, from 0.80 (1 year) to 0.91 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
X03C.DE vs. SYBB.DE — Risk / Return Rank
X03C.DE
SYBB.DE
X03C.DE vs. SYBB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (X03C.DE) and SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.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.
| X03C.DE | SYBB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.02 | +0.13 |
| Martin ratioReturn relative to average drawdown | 0.43 | 0.06 | +0.37 |
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
| X03C.DE | SYBB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.02 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.35 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | -0.06 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.40 | +0.03 |
Drawdowns
X03C.DE vs. SYBB.DE - Drawdown Comparison
The maximum X03C.DE drawdown since its inception was -12.23%, smaller than the maximum SYBB.DE drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for X03C.DE and SYBB.DE.
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Drawdown Indicators
| X03C.DE | SYBB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.23% | -22.70% | +10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.41% | -3.38% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -2.41% | -3.98% | +1.57% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -21.75% | +9.63% |
Max Drawdown (10Y)Largest decline over 10 years | -12.23% | -22.70% | +10.47% |
Current DrawdownCurrent decline from peak | -2.13% | -14.16% | +12.03% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -6.07% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 1.33% | -0.47% |
Volatility
X03C.DE vs. SYBB.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond 3-5 UCITS ETF (X03C.DE) is 1.01%, while SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) has a volatility of 1.63%. This indicates that X03C.DE experiences smaller price fluctuations and is considered to be less risky than SYBB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03C.DE | SYBB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.63% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 3.99% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.57% | 4.74% | -2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.68% | 6.39% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 5.44% | -2.35% |
X03C.DE vs. SYBB.DE - Expense Ratio Comparison
X03C.DE has a 0.15% expense ratio, which is higher than SYBB.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
X03C.DE vs. SYBB.DE - Dividend Comparison
X03C.DE's dividend yield for the trailing twelve months is around 2.22%, less than SYBB.DE's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBB.DE SPDR Bloomberg Euro Government Bond UCITS ETF Dist | 2.35% | 2.14% | 1.45% | 0.76% | 0.18% | 0.08% | 0.28% | 0.59% | 0.66% | 0.73% | 0.82% | 1.26% |
X03C.DE Xtrackers II Eurozone Government Bond 3-5 UCITS ETF | 2.22% | 1.86% | 1.05% | 0.47% | 0.51% | 0.37% | 0.39% | 0.00% | 0.00% | 0.00% | 0.62% | 0.82% |
Frequently Asked Questions
X03C.DE and SYBB.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBB.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBB.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for X03C.DE.
X03C.DE tracks Markit iBoxx® EUR Eurozone 3-5, while SYBB.DE tracks Bloomberg Euro Treasury Bond. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.15% for X03C.DE and 0.10% for SYBB.DE.
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