XY4P.DE vs. SYB3.DE
XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) and SYB3.DE (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) are both European Government Bonds funds - XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus while SYB3.DE tracks the Bloomberg Euro 1-3 Year Treasury Bond. Both are passively managed. Over the past 10 years, XY4P.DE returned 0.56%/yr vs 0.18%/yr for SYB3.DE. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
XY4P.DE vs. SYB3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XY4P.DE achieves a -0.03% return, which is significantly lower than SYB3.DE's 0.06% return. Over the past 10 years, XY4P.DE has outperformed SYB3.DE with an annualized return of 0.56%, while SYB3.DE has yielded a comparatively lower 0.18% annualized return.
XY4P.DE
- 1D
- 0.06%
- 1M
- -0.03%
- YTD
- -0.03%
- 6M
- 0.03%
- 1Y
- 0.60%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
SYB3.DE
- 1D
- 0.04%
- 1M
- 0.02%
- YTD
- 0.06%
- 6M
- 0.22%
- 1Y
- 0.91%
- 3Y*
- 2.60%
- 5Y*
- 0.59%
- 10Y*
- 0.18%
XY4P.DE vs. SYB3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF | -0.03% | 1.69% | 3.52% | 8.01% | -17.35% | -2.95% | 5.93% | 9.55% | -0.61% | 0.53% |
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.06% | 2.26% | 2.98% | 3.26% | -4.94% | -0.83% | -0.16% | 0.22% | -0.32% | -0.51% |
Correlation
The correlation between XY4P.DE and SYB3.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2011 | 0.57 |
The correlation between XY4P.DE and SYB3.DE shifts across timeframes, from 0.57 (all time) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XY4P.DE vs. SYB3.DE — Risk / Return Rank
XY4P.DE
SYB3.DE
XY4P.DE vs. SYB3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) and SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.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.
| XY4P.DE | SYB3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.11 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.60 | -0.53 |
| Martin ratioReturn relative to average drawdown | 0.19 | 1.86 | -1.67 |
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
| XY4P.DE | SYB3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.57 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.35 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.12 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.56 | -0.16 |
Drawdowns
XY4P.DE vs. SYB3.DE - Drawdown Comparison
The maximum XY4P.DE drawdown since its inception was -20.52%, which is greater than SYB3.DE's maximum drawdown of -7.13%. Use the drawdown chart below to compare losses from any high point for XY4P.DE and SYB3.DE.
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Drawdown Indicators
| XY4P.DE | SYB3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -7.13% | -13.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -1.28% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -1.28% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -5.99% | -14.12% |
Max Drawdown (10Y)Largest decline over 10 years | -20.52% | -7.13% | -13.39% |
Current DrawdownCurrent decline from peak | -9.19% | -0.55% | -8.64% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -1.39% | -4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.41% | +1.02% |
Volatility
XY4P.DE vs. SYB3.DE - Volatility Comparison
Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) has a higher volatility of 1.77% compared to SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (SYB3.DE) at 0.52%. This indicates that XY4P.DE's price experiences larger fluctuations and is considered to be riskier than SYB3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XY4P.DE | SYB3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.52% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 1.19% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 1.34% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 1.67% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 1.48% | +5.01% |
XY4P.DE vs. SYB3.DE - Expense Ratio Comparison
Both XY4P.DE and SYB3.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XY4P.DE vs. SYB3.DE - Dividend Comparison
XY4P.DE has not paid dividends to shareholders, while SYB3.DE's dividend yield for the trailing twelve months is around 2.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYB3.DE SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.85% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.34% |
XY4P.DE Xtrackers iBoxx Sovereigns Eurozone Yield Plus 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
XY4P.DE and SYB3.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XY4P.DE and SYB3.DE have the same expense ratio: 0.15% per year.
XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus, while SYB3.DE tracks Bloomberg Euro 1-3 Year Treasury Bond. They also come from different issuers: Xtrackers and State Street.
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