ZPR5.DE vs. SYBM.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both Emerging Markets Bonds funds from State Street - ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a while SYBM.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 10 years, ZPR5.DE returned 2.25%/yr vs 1.75%/yr for SYBM.DE. At a 0.45 correlation, their price movements are largely independent. ZPR5.DE charges 0.42%/yr vs 0.55%/yr for SYBM.DE.
Performance
ZPR5.DE vs. SYBM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR5.DE achieves a 2.14% return, which is significantly higher than SYBM.DE's 0.49% return. Over the past 10 years, ZPR5.DE has outperformed SYBM.DE with an annualized return of 2.25%, while SYBM.DE has yielded a comparatively lower 1.75% annualized return.
ZPR5.DE
- 1D
- -0.10%
- 1M
- 0.89%
- YTD
- 2.14%
- 6M
- 1.74%
- 1Y
- 3.56%
- 3Y*
- 3.25%
- 5Y*
- 3.18%
- 10Y*
- 2.25%
SYBM.DE
- 1D
- -0.05%
- 1M
- 0.37%
- YTD
- 0.49%
- 6M
- 0.35%
- 1Y
- 3.38%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
ZPR5.DE vs. SYBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | -1.06% | 7.98% | -6.72% | 8.14% | 4.71% | -8.80% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | -0.95% | -5.71% | 14.77% | -1.49% | 0.35% |
Correlation
The correlation between ZPR5.DE and SYBM.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2014 | 0.45 |
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Return for Risk
ZPR5.DE vs. SYBM.DE — Risk / Return Rank
ZPR5.DE
SYBM.DE
ZPR5.DE vs. SYBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) and SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.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.
| ZPR5.DE | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.12 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.87 | +0.23 |
| Martin ratioReturn relative to average drawdown | 2.73 | 2.69 | +0.04 |
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
| ZPR5.DE | SYBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.67 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.21 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.22 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.23 | +0.16 |
Drawdowns
ZPR5.DE vs. SYBM.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, smaller than the maximum SYBM.DE drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and SYBM.DE.
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Drawdown Indicators
| ZPR5.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -19.16% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.90% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -7.62% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -8.64% | -1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | -16.36% | +1.88% |
Current DrawdownCurrent decline from peak | -4.28% | -3.09% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -7.10% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.26% | +0.04% |
Volatility
ZPR5.DE vs. SYBM.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) is 0.96%, while SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) has a volatility of 1.51%. This indicates that ZPR5.DE experiences smaller price fluctuations and is considered to be less risky than SYBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPR5.DE | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.51% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 4.22% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.07% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 6.94% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 7.82% | -0.62% |
ZPR5.DE vs. SYBM.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
ZPR5.DE vs. SYBM.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, less than SYBM.DE's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.83% | 5.10% | 4.16% | 3.16% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
ZPR5.DE and SYBM.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR5.DE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR5.DE is cheaper with a 0.42% expense ratio, compared with 0.55% for SYBM.DE.
ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. Their fees differ too: 0.42% for ZPR5.DE and 0.55% for SYBM.DE.
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