XY4P.DE vs. SYBB.DE
XY4P.DE (Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF) and SYBB.DE (SPDR Bloomberg Euro Government Bond UCITS ETF Dist) are both European Government Bonds funds - XY4P.DE tracks the iBoxx® EUR Sovereigns Eurozone Yield Plus while SYBB.DE tracks the Bloomberg Euro Treasury Bond. Both are passively managed. Over the past 10 years, XY4P.DE returned 0.56%/yr vs -0.33%/yr for SYBB.DE. Their correlation of 0.82 suggests significant overlap in exposure. XY4P.DE charges 0.15%/yr vs 0.10%/yr for SYBB.DE.
Performance
XY4P.DE vs. SYBB.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 SYBB.DE's 0.36% return. Over the past 10 years, XY4P.DE has outperformed SYBB.DE with an annualized return of 0.56%, while SYBB.DE has yielded a comparatively lower -0.33% annualized return.
XY4P.DE
- 1D
- 0.06%
- 1M
- 0.56%
- YTD
- -0.03%
- 6M
- -0.02%
- 1Y
- 0.27%
- 3Y*
- 3.35%
- 5Y*
- -1.34%
- 10Y*
- 0.56%
SYBB.DE
- 1D
- 0.10%
- 1M
- 0.58%
- YTD
- 0.36%
- 6M
- 0.74%
- 1Y
- 0.07%
- 3Y*
- 2.42%
- 5Y*
- -2.27%
- 10Y*
- -0.33%
XY4P.DE vs. SYBB.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% |
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 XY4P.DE and SYBB.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 25, 2011 | 0.82 |
The correlation between XY4P.DE and SYBB.DE shifts across timeframes, from 0.82 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XY4P.DE vs. SYBB.DE — Risk / Return Rank
XY4P.DE
SYBB.DE
XY4P.DE vs. SYBB.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 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.
| XY4P.DE | SYBB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.01 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.02 | +0.05 |
| Martin ratioReturn relative to average drawdown | 0.19 | 0.06 | +0.14 |
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 | SYBB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.02 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.35 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.06 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.40 | -0.01 |
Drawdowns
XY4P.DE vs. SYBB.DE - Drawdown Comparison
The maximum XY4P.DE drawdown since its inception was -20.52%, smaller than the maximum SYBB.DE drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for XY4P.DE and SYBB.DE.
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Drawdown Indicators
| XY4P.DE | SYBB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.52% | -22.70% | +2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -3.95% | -3.38% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -4.07% | -3.98% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -21.75% | +1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -20.52% | -22.70% | +2.18% |
Current DrawdownCurrent decline from peak | -9.19% | -14.16% | +4.97% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -6.07% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 1.33% | +0.10% |
Volatility
XY4P.DE vs. SYBB.DE - Volatility Comparison
Xtrackers iBoxx Sovereigns Eurozone Yield Plus UCITS ETF (XY4P.DE) has a higher volatility of 1.77% compared to SPDR Bloomberg Euro Government Bond UCITS ETF Dist (SYBB.DE) at 1.63%. This indicates that XY4P.DE's price experiences larger fluctuations and is considered to be riskier 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
| XY4P.DE | SYBB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.63% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 3.88% | 3.99% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.57% | 4.74% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.49% | 6.39% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.49% | 5.44% | +1.05% |
XY4P.DE vs. SYBB.DE - Expense Ratio Comparison
XY4P.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
XY4P.DE vs. SYBB.DE - Dividend Comparison
XY4P.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% |
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 SYBB.DE have a correlation of 0.86, 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 XY4P.DE.
XY4P.DE tracks iBoxx® EUR Sovereigns Eurozone Yield Plus, 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 XY4P.DE and 0.10% for SYBB.DE.
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