ZPRC.DE vs. SYBM.DE
ZPRC.DE (SPDR Refinitiv Global Convertible Bond UCITS ETF) and SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) are both exchange-traded funds - ZPRC.DE is a Convertible Bonds fund tracking the Refinitiv Qualified Global Convertible, while SYBM.DE is a Emerging Markets Bonds fund tracking the Bloomberg Emerging Markets Local Currency Liquid Government Bond. Both are passively managed. Over the past 10 years, ZPRC.DE returned 8.83%/yr vs 1.75%/yr for SYBM.DE. At a 0.45 correlation, their price movements are largely independent. ZPRC.DE charges 0.50%/yr vs 0.55%/yr for SYBM.DE.
Performance
ZPRC.DE vs. SYBM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRC.DE achieves a 19.28% return, which is significantly higher than SYBM.DE's 0.49% return. Over the past 10 years, ZPRC.DE has outperformed SYBM.DE with an annualized return of 8.83%, while SYBM.DE has yielded a comparatively lower 1.75% annualized return.
ZPRC.DE
- 1D
- -0.38%
- 1M
- 5.04%
- YTD
- 19.28%
- 6M
- 20.49%
- 1Y
- 33.63%
- 3Y*
- 16.27%
- 5Y*
- 7.58%
- 10Y*
- 8.83%
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%
ZPRC.DE vs. SYBM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 19.28% | 11.36% | 13.71% | 10.51% | -15.60% | 5.44% | 24.70% | 16.78% | -1.19% | -1.51% |
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 ZPRC.DE and SYBM.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2014 | 0.45 |
The correlation between ZPRC.DE and SYBM.DE shifts across timeframes, from 0.39 (5 years) to 0.52 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRC.DE vs. SYBM.DE — Risk / Return Rank
ZPRC.DE
SYBM.DE
ZPRC.DE vs. SYBM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.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.
| ZPRC.DE | SYBM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.12 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | 0.87 | +6.10 |
| Martin ratioReturn relative to average drawdown | 25.17 | 2.69 | +22.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRC.DE | SYBM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 0.67 | +2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.21 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.22 | +0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.23 | +0.58 |
Drawdowns
ZPRC.DE vs. SYBM.DE - Drawdown Comparison
The maximum ZPRC.DE drawdown since its inception was -23.49%, which is greater than SYBM.DE's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for ZPRC.DE and SYBM.DE.
Loading charts...
Drawdown Indicators
| ZPRC.DE | SYBM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -19.16% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -4.80% | -3.90% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -13.00% | -7.62% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -8.64% | -12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | -16.36% | -7.13% |
Current DrawdownCurrent decline from peak | -0.38% | -3.09% | +2.71% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -7.10% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.26% | +0.07% |
Volatility
ZPRC.DE vs. SYBM.DE - Volatility Comparison
SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) has a higher volatility of 3.94% compared to SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) at 1.51%. This indicates that ZPRC.DE's price experiences larger fluctuations and is considered to be riskier than SYBM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRC.DE | SYBM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 1.51% | +2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 4.22% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 5.07% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.54% | 6.94% | +3.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 7.82% | +2.94% |
ZPRC.DE vs. SYBM.DE - Expense Ratio Comparison
ZPRC.DE has a 0.50% expense ratio, which is lower than SYBM.DE's 0.55% expense ratio.
Dividends
ZPRC.DE vs. SYBM.DE - Dividend Comparison
ZPRC.DE's dividend yield for the trailing twelve months is around 0.57%, 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% |
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 0.57% | 0.68% | 0.46% | 0.23% | 0.24% | 0.16% | 0.32% | 0.41% | 0.36% | 0.51% | 0.61% | 0.69% |
Frequently Asked Questions
ZPRC.DE and SYBM.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRC.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRC.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for SYBM.DE.
ZPRC.DE is categorized as Convertible Bonds, while SYBM.DE is Emerging Markets Bonds. ZPRC.DE tracks Refinitiv Qualified Global Convertible, while SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond. Their fees differ too: 0.50% for ZPRC.DE and 0.55% for SYBM.DE.
Find the right allocation for ZPRC.DE and SYBM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer