XUTE.DE vs. SYB5.DE
XUTE.DE (Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist)) and SYB5.DE (State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist)) are both Government Bonds funds - XUTE.DE tracks the iBoxx USD Treasuries Index (EUR Hedged) while SYB5.DE tracks the Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. Both are passively managed. Over the past 5 years, XUTE.DE returned -2.68%/yr vs 1.04%/yr for SYB5.DE. At a 0.16 correlation, their price movements are largely independent. XUTE.DE charges 0.10%/yr vs 0.15%/yr for SYB5.DE.
Performance
XUTE.DE vs. SYB5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XUTE.DE achieves a -1.03% return, which is significantly lower than SYB5.DE's 3.17% return.
XUTE.DE
- 1D
- 0.22%
- 1M
- -0.39%
- 6M
- -0.88%
- YTD
- -1.03%
- 1Y
- 1.43%
- 3Y*
- 0.90%
- 5Y*
- -2.68%
- 10Y*
- —
SYB5.DE
- 1D
- -0.19%
- 1M
- 1.54%
- 6M
- 2.25%
- YTD
- 3.17%
- 1Y
- 4.31%
- 3Y*
- 4.69%
- 5Y*
- 1.04%
- 10Y*
- 0.46%
XUTE.DE vs. SYB5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | -1.03% | 4.18% | -1.19% | 1.61% | -14.67% | -3.37% | 6.64% | 3.87% | -2.07% | 0.41% |
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.17% | 0.33% | 6.69% | 5.72% | -10.68% | 5.60% | -4.05% | 6.95% | -1.42% | -4.07% |
Correlation
The correlation between XUTE.DE and SYB5.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2016 | 0.16 |
The correlation between XUTE.DE and SYB5.DE shifts across timeframes, from 0.16 (all time) to 0.32 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XUTE.DE vs. SYB5.DE — Risk / Return Rank
XUTE.DE
SYB5.DE
XUTE.DE vs. SYB5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) and State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.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.
| XUTE.DE | SYB5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 2.12 | -1.72 |
| Martin ratioReturn relative to average drawdown | 0.99 | 5.59 | -4.60 |
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Drawdowns
XUTE.DE vs. SYB5.DE - Drawdown Comparison
The maximum XUTE.DE drawdown since its inception was -23.77%, smaller than the maximum SYB5.DE drawdown of -26.72%. Use the drawdown chart below to compare losses from any high point for XUTE.DE and SYB5.DE.
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Drawdown Indicators
| XUTE.DE | SYB5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.77% | -26.72% | +2.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.49% | -2.02% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -5.77% | -4.43% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -15.56% | -5.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.19% | — |
Current DrawdownCurrent decline from peak | -16.92% | -10.23% | -6.69% |
Average DrawdownAverage peak-to-trough decline | -9.88% | -13.57% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.77% | +0.66% |
Volatility
XUTE.DE vs. SYB5.DE - Volatility Comparison
The current volatility for Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) (XUTE.DE) is 1.00%, while State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) (SYB5.DE) has a volatility of 1.38%. This indicates that XUTE.DE experiences smaller price fluctuations and is considered to be less risky than SYB5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUTE.DE | SYB5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.38% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.51% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.56% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.70% | 6.28% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 6.93% | -1.85% |
XUTE.DE vs. SYB5.DE - Expense Ratio Comparison
XUTE.DE has a 0.10% expense ratio, which is lower than SYB5.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
XUTE.DE vs. SYB5.DE - Dividend Comparison
XUTE.DE's dividend yield for the trailing twelve months is around 3.40%, less than SYB5.DE's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYB5.DE State Street SPDR Bloomberg 1-5 Year Gilt UCITS ETF (Dist) | 3.55% | 3.52% | 2.66% | 1.30% | 0.19% | 0.12% | 0.48% | 0.57% | 0.40% | 0.54% | 0.94% | 0.99% |
XUTE.DE Xtrackers II US Treasuries UCITS ETF EUR Hedged (Dist) | 3.40% | 3.36% | 3.56% | 2.27% | 2.15% | 3.30% | 1.87% | 1.28% | 0.85% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XUTE.DE and SYB5.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUTE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUTE.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for SYB5.DE.
XUTE.DE tracks iBoxx USD Treasuries Index (EUR Hedged), while SYB5.DE tracks Bloomberg Sterling 1-5 Year Aggregate Gilts Bond Index. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.10% for XUTE.DE and 0.15% for SYB5.DE.
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