Wow that looks pretty clean, my source is SDG1025, 4mVpp the lowest it will go, 10Mhz, I am actually 1M terminated, 50ohm was worse. I think it's my cable honestly, it's some no name piece of crap. But I did all the other tests with it so I figure I stay consistent.
edit: I ordered some new coax cables, I will do a little comparison once they get here.
Perhaps there is now external noise. (garbage in = garbage out)
I thing R&S can not be so noisy what is in image, even with 500MHz BW. (naturally it can be 7dB over 100MHz scope noise or 4dB over 200MHz scope noise level but it looks now much more. If I compare ecample to 100MHz or 200MHz SDS1000X. This leads to suspect that all this noise is not coming from R&S front end itself.)
If you have attenuators it is better run SDG1000 series generator much higher level and drop level to oscilloscope using attenuator between gen and scope. Example 40dB attenuator.
In my tests there is mostly used something like Agilent 8644B or old HP8642B or something like these. These are enough clean least for this kind of oscilloscopes. SDG1025 is not good enough for this purpose directly if we are using its nearly bottom levels.
Of course can use also empty inputs with just 50ohm terminator (if scope itself do not have 50ohm inputs)
1Mohm it can test example if use 50ohm terminator but inserted only half way so that center pin do not connect or just use metal BNC cap so that external EMI can not pollute input. But with real signal we get more nice "reality" to peoples who do not have so much experience but also, it may show something about trigger system, "kill two birds with one stone".