CBU2.DE vs. SYBA.DE
CBU2.DE (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)) and SYBA.DE (State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist)) are both Total Bond Market funds - CBU2.DE tracks the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index while SYBA.DE tracks the Bloomberg Euro Aggregate Bond Index. Both are passively managed. Over the past 3 years, CBU2.DE returned 2.51%/yr vs 2.69%/yr for SYBA.DE. Their correlation of 0.83 suggests significant overlap in exposure.
Performance
CBU2.DE vs. SYBA.DE - Performance Comparison
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Returns By Period
CBU2.DE
- 1D
- 0.00%
- 1M
- -1.09%
- 6M
- -0.73%
- YTD
- -0.00%
- 1Y
- 0.18%
- 3Y*
- 2.51%
- 5Y*
- —
- 10Y*
- —
SYBA.DE
- 1D
- 0.06%
- 1M
- -0.57%
- 6M
- -0.12%
- YTD
- 0.36%
- 1Y
- 0.82%
- 3Y*
- 2.69%
- 5Y*
- -1.98%
- 10Y*
- -0.30%
CBU2.DE vs. SYBA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBU2.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) | -0.00% | 0.93% | 2.28% | 7.33% |
SYBA.DE State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) | 0.36% | 1.25% | 2.04% | 5.77% |
Correlation
The correlation between CBU2.DE and SYBA.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2023 | 0.83 |
The correlation between CBU2.DE and SYBA.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
CBU2.DE vs. SYBA.DE — Risk / Return Rank
CBU2.DE
SYBA.DE
CBU2.DE vs. SYBA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.DE) and State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBU2.DE | SYBA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.04 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.25 | -0.19 |
| Martin ratioReturn relative to average drawdown | 0.15 | 0.65 | -0.50 |
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Drawdowns
CBU2.DE vs. SYBA.DE - Drawdown Comparison
The maximum CBU2.DE drawdown since its inception was -3.29%, smaller than the maximum SYBA.DE drawdown of -20.58%. Use the drawdown chart below to compare losses from any high point for CBU2.DE and SYBA.DE.
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Drawdown Indicators
| CBU2.DE | SYBA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.29% | -20.58% | +17.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -3.27% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -3.29% | -3.41% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.58% | — |
Current DrawdownCurrent decline from peak | -1.98% | -11.13% | +9.15% |
Average DrawdownAverage peak-to-trough decline | -1.15% | -5.22% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.24% | -0.02% |
Volatility
CBU2.DE vs. SYBA.DE - Volatility Comparison
The current volatility for iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.DE) is 0.96%, while State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.DE) has a volatility of 1.18%. This indicates that CBU2.DE experiences smaller price fluctuations and is considered to be less risky than SYBA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBU2.DE | SYBA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.18% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 3.49% | 3.53% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 4.12% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.85% | 5.79% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 4.97% | -0.12% |
Dividends
CBU2.DE vs. SYBA.DE - Dividend Comparison
CBU2.DE has not paid dividends to shareholders, while SYBA.DE's dividend yield for the trailing twelve months is around 2.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBU2.DE iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBA.DE State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) | 2.27% | 2.14% | 1.73% | 1.01% | 0.42% | 0.43% | 0.55% | 0.58% | 0.56% | 0.57% | 0.85% | 1.58% |
Frequently Asked Questions
CBU2.DE and SYBA.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBU2.DE tracks Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index, while SYBA.DE tracks Bloomberg Euro Aggregate Bond Index. They also come from different issuers: iShares and State Street.
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