XBAT.DE vs. SYBB.DE
XBAT.DE (Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF) and SYBB.DE (SPDR Bloomberg Euro Government Bond UCITS ETF Dist) are both European Government Bonds funds - XBAT.DE tracks the iBoxx® EUR Sovereigns Eurozone AAA while SYBB.DE tracks the Bloomberg Euro Treasury Bond. Both are passively managed. Over the past 10 years, XBAT.DE returned -0.93%/yr vs -0.33%/yr for SYBB.DE. A 0.77 correlation means they provide meaningful diversification when combined. XBAT.DE charges 0.15%/yr vs 0.10%/yr for SYBB.DE.
Performance
XBAT.DE vs. SYBB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAT.DE achieves a -0.07% return, which is significantly lower than SYBB.DE's 0.36% return. Over the past 10 years, XBAT.DE has underperformed SYBB.DE with an annualized return of -0.93%, while SYBB.DE has yielded a comparatively higher -0.33% annualized return.
XBAT.DE
- 1D
- 0.03%
- 1M
- -0.05%
- YTD
- -0.07%
- 6M
- 0.03%
- 1Y
- 1.01%
- 3Y*
- 2.22%
- 5Y*
- -2.38%
- 10Y*
- -0.93%
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%
XBAT.DE vs. SYBB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | -0.07% | 2.47% | 0.18% | 3.80% | -17.06% | -2.84% | 2.81% | 2.99% | 2.37% | -1.51% |
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 XBAT.DE and SYBB.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since May 25, 2011 | 0.77 |
The correlation between XBAT.DE and SYBB.DE shifts across timeframes, from 0.75 (1 year) to 0.92 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XBAT.DE vs. SYBB.DE — Risk / Return Rank
XBAT.DE
SYBB.DE
XBAT.DE vs. SYBB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.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.
| XBAT.DE | SYBB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.02 | +0.33 |
| Martin ratioReturn relative to average drawdown | 1.05 | 0.06 | +1.00 |
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
| XBAT.DE | SYBB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.31 | 0.02 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.39 | -0.35 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | -0.06 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.40 | -0.22 |
Drawdowns
XBAT.DE vs. SYBB.DE - Drawdown Comparison
The maximum XBAT.DE drawdown since its inception was -24.48%, which is greater than SYBB.DE's maximum drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for XBAT.DE and SYBB.DE.
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Drawdown Indicators
| XBAT.DE | SYBB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.48% | -22.70% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -2.01% | -3.38% | +1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.50% | -3.98% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.97% | -21.75% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -24.48% | -22.70% | -1.78% |
Current DrawdownCurrent decline from peak | -16.49% | -14.16% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -6.07% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.33% | -0.66% |
Volatility
XBAT.DE vs. SYBB.DE - Volatility Comparison
The current volatility for Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF (XBAT.DE) is 0.75%, while SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) has a volatility of 1.63%. This indicates that XBAT.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
| XBAT.DE | SYBB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.63% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 1.93% | 3.99% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.23% | 4.74% | -2.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.06% | 6.39% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.39% | 5.44% | -0.05% |
XBAT.DE vs. SYBB.DE - Expense Ratio Comparison
XBAT.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
XBAT.DE vs. SYBB.DE - Dividend Comparison
XBAT.DE has not paid dividends to shareholders, while SYBB.DE's dividend yield for the trailing twelve months is around 2.35%.
| 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% |
XBAT.DE Xtrackers iBoxx Sovereigns Eurozone AAA Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBAT.DE and SYBB.DE have a correlation of 0.75, 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 XBAT.DE.
XBAT.DE tracks iBoxx® EUR Sovereigns Eurozone AAA, 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 XBAT.DE and 0.10% for SYBB.DE.
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