ECMA.DE vs. SYBQ.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor while SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5. Both are passively managed. Over the past 3 years, ECMA.DE returned 4.49%/yr vs 6.11%/yr for SYBQ.DE. At a 0.47 correlation, their price movements are largely independent. ECMA.DE charges 0.19%/yr vs 0.20%/yr for SYBQ.DE.
Performance
ECMA.DE vs. SYBQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMA.DE achieves a 0.50% return, which is significantly lower than SYBQ.DE's 1.59% return.
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 0.50%
- 6M
- 0.46%
- 1Y
- 2.04%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
SYBQ.DE
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.59%
- 6M
- 2.26%
- 1Y
- 1.88%
- 3Y*
- 6.11%
- 5Y*
- 2.31%
- 10Y*
- 1.36%
ECMA.DE vs. SYBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 7.06% | -1.21% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 1.59% | 1.45% | 9.71% | 9.39% | -3.91% |
Correlation
The correlation between ECMA.DE and SYBQ.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.47 |
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Return for Risk
ECMA.DE vs. SYBQ.DE — Risk / Return Rank
ECMA.DE
SYBQ.DE
ECMA.DE vs. SYBQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) and SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.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.
| ECMA.DE | SYBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.75 | -0.14 |
| Martin ratioReturn relative to average drawdown | 2.07 | 1.64 | +0.43 |
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
| ECMA.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 0.40 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.35 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.08 | +0.73 |
Drawdowns
ECMA.DE vs. SYBQ.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, smaller than the maximum SYBQ.DE drawdown of -29.32%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and SYBQ.DE.
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Drawdown Indicators
| ECMA.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -29.32% | +20.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -2.51% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -5.48% | +2.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.63% | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.44% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -9.11% | +7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.15% | -0.35% |
Volatility
ECMA.DE vs. SYBQ.DE - Volatility Comparison
The current volatility for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) is 1.28%, while SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) has a volatility of 1.77%. This indicates that ECMA.DE experiences smaller price fluctuations and is considered to be less risky than SYBQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECMA.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.77% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.55% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 4.75% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 6.45% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 17.58% | -13.42% |
ECMA.DE vs. SYBQ.DE - Expense Ratio Comparison
ECMA.DE has a 0.19% expense ratio, which is lower than SYBQ.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ECMA.DE vs. SYBQ.DE - Dividend Comparison
ECMA.DE has not paid dividends to shareholders, while SYBQ.DE's dividend yield for the trailing twelve months is around 4.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF 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% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.67% | 4.72% | 4.31% | 3.04% | 1.88% | 1.71% | 2.04% | 1.84% | 1.92% | 2.48% | 2.57% | 2.58% |
Frequently Asked Questions
ECMA.DE and SYBQ.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECMA.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMA.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for SYBQ.DE.
ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor, while SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for ECMA.DE and 0.20% for SYBQ.DE.
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