XBAG.DE vs. SYBZ.DE

Last updated Jun 5, 2026

XBAG.DE (Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D) and SYBZ.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF) are both Global Bonds funds - XBAG.DE tracks the Bloomberg Global Aggregate TR USD while SYBZ.DE tracks the Bloomberg Global Aggregate Bond. Both are passively managed. Over the past 5 years, XBAG.DE returned -1.25%/yr vs -1.06%/yr for SYBZ.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.

Performance

XBAG.DE vs. SYBZ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XBAG.DE achieves a 0.49% return, which is significantly lower than SYBZ.DE's 0.96% return.

XBAG.DE

• 1D: 0.04%
• 1M: 0.60%
• YTD: 0.49%
• 6M: -0.07%
• 1Y: -0.20%
• 3Y*: 0.24%
• 5Y*: -1.25%
• 10Y*: -0.06%

SYBZ.DE

• 1D: -0.01%
• 1M: 0.72%
• YTD: 0.96%
• 6M: 0.52%
• 1Y: 0.08%
• 3Y*: 0.32%
• 5Y*: -1.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XBAG.DE vs. SYBZ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D	0.49%	-3.89%	3.40%	1.86%	-11.56%	2.92%	-0.49%	9.25%	6.19%
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF	0.96%	-4.27%	3.98%	1.41%	-11.02%	2.85%	-0.73%	8.89%	6.28%

Correlation

The correlation between XBAG.DE and SYBZ.DE is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018	0.83

The correlation between XBAG.DE and SYBZ.DE has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

XBAG.DE vs. SYBZ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XBAG.DE

XBAG.DE Risk / Return Rank: 8
XBAG.DE Sharpe Ratio Rank: 9
XBAG.DE Sortino Ratio Rank: 8
XBAG.DE Omega Ratio Rank: 8
XBAG.DE Calmar Ratio Rank: 8
XBAG.DE Martin Ratio Rank: 8

SYBZ.DE

SYBZ.DE Risk / Return Rank: 9
SYBZ.DE Sharpe Ratio Rank: 9
SYBZ.DE Sortino Ratio Rank: 8
SYBZ.DE Omega Ratio Rank: 8
SYBZ.DE Calmar Ratio Rank: 10
SYBZ.DE Martin Ratio Rank: 9

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XBAG.DE vs. SYBZ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.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.

	XBAG.DE	SYBZ.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	0.02	-0.08
Sortino ratio: Return per unit of downside risk	-0.05	0.06	-0.11
Omega ratio: Gain probability vs. loss probability	0.99	1.01	-0.01
Calmar ratio: Return relative to maximum drawdown	-0.08	0.04	-0.12
Martin ratio: Return relative to average drawdown	-0.16	0.07	-0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBAG.DE vs. SYBZ.DE - Sharpe Ratio Comparison

The current XBAG.DE Sharpe Ratio is -0.05, which is lower than the SYBZ.DE Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of XBAG.DE and SYBZ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XBAG.DE	SYBZ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	0.02	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	-0.17	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.15	+0.13

Drawdowns

XBAG.DE vs. SYBZ.DE - Drawdown Comparison

The maximum XBAG.DE drawdown since its inception was -16.64%, roughly equal to the maximum SYBZ.DE drawdown of -16.33%. Use the drawdown chart below to compare losses from any high point for XBAG.DE and SYBZ.DE.

Drawdown Indicators

	XBAG.DE	SYBZ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.64%	-16.33%	-0.31%
Max Drawdown (1Y) Largest decline over 1 year	-2.44%	-2.33%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-7.49%	-7.58%	+0.09%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	-15.01%	-0.80%
Max Drawdown (10Y) Largest decline over 10 years	-16.64%	—	—
Current Drawdown Current decline from peak	-12.21%	-11.83%	-0.38%
Average Drawdown Average peak-to-trough decline	-6.65%	-7.57%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.23%	1.27%	-0.04%

Volatility

XBAG.DE vs. SYBZ.DE - Volatility Comparison

Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D (XBAG.DE) and SPDR Bloomberg Global Aggregate Bond UCITS ETF (SYBZ.DE) have volatilities of 0.99% and 0.99%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBAG.DE	SYBZ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.99%	0.99%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.67%	2.53%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	3.62%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	6.40%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.92%	6.21%	-0.29%

XBAG.DE vs. SYBZ.DE - Expense Ratio Comparison

Both XBAG.DE and SYBZ.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

XBAG.DE vs. SYBZ.DE - Dividend Comparison

XBAG.DE's dividend yield for the trailing twelve months is around 3.00%, more than SYBZ.DE's 2.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SYBZ.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF	2.68%	2.96%	2.51%	1.86%	1.38%	0.98%	1.40%	1.41%	0.70%	0.00%	0.00%
XBAG.DE Xtrackers II ESG Global Aggregate Bond UCITS ETF 1D	3.00%	2.94%	3.16%	2.22%	2.78%	0.82%	1.47%	1.76%	1.36%	1.11%	2.04%

Frequently Asked Questions

Can I hold both XBAG.DE and SYBZ.DE in my portfolio?

With a correlation of 0.92, XBAG.DE and SYBZ.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.

Which ETF is better, XBAG.DE or SYBZ.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XBAG.DE or SYBZ.DE?

XBAG.DE and SYBZ.DE have the same expense ratio: 0.10% per year.

What is the main difference between XBAG.DE and SYBZ.DE?

XBAG.DE tracks Bloomberg Global Aggregate TR USD, while SYBZ.DE tracks Bloomberg Global Aggregate Bond. They also come from different issuers: Xtrackers and State Street.