ECMA.DE vs. SYBS.DE

Last updated Jun 26, 2026

ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and SYBS.DE (SPDR Bloomberg Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - ECMA.DE tracks the Invesco EUR Corporate Bond ESG Multi-Factor while SYBS.DE tracks the Bloomberg Sterling Corporate Bond. Both are passively managed. Over the past 3 years, ECMA.DE returned 4.66%/yr vs 6.45%/yr for SYBS.DE. A 0.69 correlation means they provide meaningful diversification when combined. ECMA.DE charges 0.19%/yr vs 0.20%/yr for SYBS.DE.

Performance

ECMA.DE vs. SYBS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) and SPDR Bloomberg Sterling Corporate Bond UCITS ETF (SYBS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ECMA.DE achieves a 1.12% return, which is significantly lower than SYBS.DE's 2.27% return.

ECMA.DE

• 1D: 0.00%
• 1M: 0.61%
• YTD: 1.12%
• 6M: 1.33%
• 1Y: 2.13%
• 3Y*: 4.66%
• 5Y*: —
• 10Y*: —

SYBS.DE

• 1D: 0.13%
• 1M: 1.74%
• YTD: 2.27%
• 6M: 2.80%
• 1Y: 3.56%
• 3Y*: 6.45%
• 5Y*: -0.75%
• 10Y*: 1.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ECMA.DE vs. SYBS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc	1.12%	2.90%	4.30%	7.06%	-0.85%
SYBS.DE SPDR Bloomberg Sterling Corporate Bond UCITS ETF	2.27%	1.99%	6.20%	11.12%	-6.91%

Correlation

The correlation between ECMA.DE and SYBS.DE is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 22, 2022	0.69

The correlation between ECMA.DE and SYBS.DE has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.

Return for Risk

ECMA.DE vs. SYBS.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ECMA.DE

ECMA.DE Risk / Return Rank: 20
ECMA.DE Sharpe Ratio Rank: 21
ECMA.DE Sortino Ratio Rank: 19
ECMA.DE Omega Ratio Rank: 20
ECMA.DE Calmar Ratio Rank: 19
ECMA.DE Martin Ratio Rank: 22

SYBS.DE

SYBS.DE Risk / Return Rank: 17
SYBS.DE Sharpe Ratio Rank: 16
SYBS.DE Sortino Ratio Rank: 15
SYBS.DE Omega Ratio Rank: 15
SYBS.DE Calmar Ratio Rank: 21
SYBS.DE Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ECMA.DE vs. SYBS.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 Sterling Corporate Bond UCITS ETF (SYBS.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.

	ECMA.DE	SYBS.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.51	+0.17
Sortino ratio: Return per unit of downside risk	1.05	0.77	+0.28
Omega ratio: Gain probability vs. loss probability	1.14	1.09	+0.04
Calmar ratio: Return relative to maximum drawdown	0.80	0.91	-0.11
Martin ratio: Return relative to average drawdown	2.63	2.21	+0.42

ECMA.DE vs. SYBS.DE - Sharpe Ratio Comparison

The current ECMA.DE Sharpe Ratio is 0.68, which is higher than the SYBS.DE Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of ECMA.DE and SYBS.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ECMA.DE vs. SYBS.DE - Drawdown Comparison

The maximum ECMA.DE drawdown since its inception was -8.91%, smaller than the maximum SYBS.DE drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and SYBS.DE.

Drawdown Indicators

	ECMA.DE	SYBS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-8.91%	-32.65%	+23.74%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-3.90%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-2.68%	-7.54%	+4.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.65%	—
Current Drawdown Current decline from peak	-0.15%	-7.25%	+7.10%
Average Drawdown Average peak-to-trough decline	-2.08%	-8.21%	+6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.81%	1.49%	-0.68%

Volatility

ECMA.DE vs. SYBS.DE - Volatility Comparison

The current volatility for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) is 0.78%, while SPDR Bloomberg Sterling Corporate Bond UCITS ETF (SYBS.DE) has a volatility of 1.52%. This indicates that ECMA.DE experiences smaller price fluctuations and is considered to be less risky than SYBS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECMA.DE	SYBS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	1.52%	-0.74%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	5.52%	-2.75%
Volatility (1Y) Calculated over the trailing 1-year period	3.11%	6.93%	-3.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.16%	9.54%	-5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.16%	9.63%	-5.47%

ECMA.DE vs. SYBS.DE - Expense Ratio Comparison

ECMA.DE has a 0.19% expense ratio, which is lower than SYBS.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. SYBS.DE - Dividend Comparison

ECMA.DE has not paid dividends to shareholders, while SYBS.DE's dividend yield for the trailing twelve months is around 4.53%.

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%
SYBS.DE SPDR Bloomberg Sterling Corporate Bond UCITS ETF	4.53%	4.50%	4.01%	3.29%	2.96%	2.21%	2.49%	2.40%	2.75%	3.14%	3.40%	3.54%

Frequently Asked Questions

Can I hold both ECMA.DE and SYBS.DE in my portfolio?

ECMA.DE and SYBS.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ECMA.DE or SYBS.DE?

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.

Which ETF is cheaper, ECMA.DE or SYBS.DE?

ECMA.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for SYBS.DE.

What is the main difference between ECMA.DE and SYBS.DE?

ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor, while SYBS.DE tracks Bloomberg Sterling Corporate Bond. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for ECMA.DE and 0.20% for SYBS.DE.