X03F.DE vs. SYBV.DE
X03F.DE (Xtrackers II Eurozone Government Bond UCITS ETF) and SYBV.DE (State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist)) are both European Government Bonds funds - X03F.DE tracks the iBoxx® EUR Sovereigns Eurozone while SYBV.DE tracks the Bloomberg Euro 10+ Year Treasury Bond Index. Both are passively managed. Over the past 10 years, X03F.DE returned -0.56%/yr vs -2.07%/yr for SYBV.DE. With a 0.97 correlation, they move nearly in lockstep. X03F.DE charges 0.09%/yr vs 0.15%/yr for SYBV.DE.
Performance
X03F.DE vs. SYBV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, X03F.DE achieves a -0.38% return, which is significantly higher than SYBV.DE's -0.78% return. Over the past 10 years, X03F.DE has outperformed SYBV.DE with an annualized return of -0.56%, while SYBV.DE has yielded a comparatively lower -2.07% annualized return.
X03F.DE
- 1D
- 0.02%
- 1M
- -1.17%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 0.10%
- 3Y*
- 2.02%
- 5Y*
- -2.62%
- 10Y*
- -0.56%
SYBV.DE
- 1D
- 0.22%
- 1M
- -2.43%
- 6M
- -1.68%
- YTD
- -0.78%
- 1Y
- -1.03%
- 3Y*
- 0.10%
- 5Y*
- -7.05%
- 10Y*
- -2.07%
X03F.DE vs. SYBV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | -0.38% | 0.74% | 1.51% | 6.93% | -18.40% | -3.32% | 4.70% | 6.75% | 0.83% | -0.13% |
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | -0.78% | -3.55% | -0.53% | 9.88% | -32.00% | -6.75% | 10.69% | 15.42% | 2.38% | -0.74% |
Correlation
The correlation between X03F.DE and SYBV.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.97 |
The correlation between X03F.DE and SYBV.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
X03F.DE vs. SYBV.DE — Risk / Return Rank
X03F.DE
SYBV.DE
X03F.DE vs. SYBV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) and State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.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.
| X03F.DE | SYBV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.03 | -0.19 | +0.21 |
| Martin ratioReturn relative to average drawdown | 0.07 | -0.39 | +0.46 |
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Drawdowns
X03F.DE vs. SYBV.DE - Drawdown Comparison
The maximum X03F.DE drawdown since its inception was -22.47%, smaller than the maximum SYBV.DE drawdown of -40.94%. Use the drawdown chart below to compare losses from any high point for X03F.DE and SYBV.DE.
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Drawdown Indicators
| X03F.DE | SYBV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -40.94% | +18.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.48% | -5.56% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -3.97% | -10.05% | +6.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -39.22% | +17.65% |
Max Drawdown (10Y)Largest decline over 10 years | -22.47% | -40.94% | +18.47% |
Current DrawdownCurrent decline from peak | -14.42% | -34.24% | +19.82% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -16.95% | +10.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.64% | -1.18% |
Volatility
X03F.DE vs. SYBV.DE - Volatility Comparison
The current volatility for Xtrackers II Eurozone Government Bond UCITS ETF (X03F.DE) is 1.16%, while State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) (SYBV.DE) has a volatility of 2.14%. This indicates that X03F.DE experiences smaller price fluctuations and is considered to be less risky than SYBV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| X03F.DE | SYBV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.16% | 2.14% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 3.73% | 6.36% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 8.01% | -3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 12.29% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.26% | 10.42% | -5.16% |
X03F.DE vs. SYBV.DE - Expense Ratio Comparison
X03F.DE has a 0.09% expense ratio, which is lower than SYBV.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
X03F.DE vs. SYBV.DE - Dividend Comparison
X03F.DE's dividend yield for the trailing twelve months is around 2.31%, less than SYBV.DE's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBV.DE State Street SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF (Dist) | 3.41% | 3.31% | 2.82% | 2.01% | 0.89% | 0.51% | 0.76% | 1.23% | 1.34% | 1.47% | 0.59% | 0.00% |
X03F.DE Xtrackers II Eurozone Government Bond UCITS ETF | 2.31% | 2.20% | 2.01% | 1.84% | 3.07% | 1.88% | 0.30% | 0.34% | 0.61% | 0.83% | 1.12% | 0.48% |
Frequently Asked Questions
With a correlation of 0.95, X03F.DE and SYBV.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, X03F.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
X03F.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for SYBV.DE.
X03F.DE tracks iBoxx® EUR Sovereigns Eurozone, while SYBV.DE tracks Bloomberg Euro 10+ Year Treasury Bond Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.09% for X03F.DE and 0.15% for SYBV.DE.
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