ECMS.DE vs. SYBD.DE
ECMS.DE (Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc) and SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - ECMS.DE tracks the Invesco EUR Corporate Bond ESG Short Duration Multi-Factor while SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3. Both are passively managed. Over the past 3 years, ECMS.DE returned 3.99%/yr vs 3.69%/yr for SYBD.DE. A 0.55 correlation means they provide meaningful diversification when combined. ECMS.DE charges 0.15%/yr vs 0.20%/yr for SYBD.DE.
Performance
ECMS.DE vs. SYBD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMS.DE achieves a 0.21% return, which is significantly lower than SYBD.DE's 0.52% return.
ECMS.DE
- 1D
- 0.07%
- 1M
- 0.12%
- YTD
- 0.21%
- 6M
- 0.30%
- 1Y
- 1.87%
- 3Y*
- 3.99%
- 5Y*
- —
- 10Y*
- —
SYBD.DE
- 1D
- 0.02%
- 1M
- 0.10%
- YTD
- 0.52%
- 6M
- 0.64%
- 1Y
- 1.91%
- 3Y*
- 3.69%
- 5Y*
- 1.59%
- 10Y*
- 0.86%
ECMS.DE vs. SYBD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ECMS.DE Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc | 0.21% | 3.37% | 3.99% | 5.24% | -0.54% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.52% | 2.96% | 4.34% | 4.07% | -0.51% |
Correlation
The correlation between ECMS.DE and SYBD.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2022 | 0.55 |
The correlation between ECMS.DE and SYBD.DE shifts across timeframes, from 0.40 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ECMS.DE vs. SYBD.DE — Risk / Return Rank
ECMS.DE
SYBD.DE
ECMS.DE vs. SYBD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.DE) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.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.
| ECMS.DE | SYBD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.18 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.00 | -1.14 |
| Martin ratioReturn relative to average drawdown | 2.98 | 7.77 | -4.79 |
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
| ECMS.DE | SYBD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.86 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.32 | +0.74 |
Drawdowns
ECMS.DE vs. SYBD.DE - Drawdown Comparison
The maximum ECMS.DE drawdown since its inception was -5.27%, smaller than the maximum SYBD.DE drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for ECMS.DE and SYBD.DE.
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Drawdown Indicators
| ECMS.DE | SYBD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.27% | -8.72% | +3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -0.92% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -1.90% | -1.76% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.96% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.72% | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.27% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -0.72% | -0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.24% | +0.31% |
Volatility
ECMS.DE vs. SYBD.DE - Volatility Comparison
Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF Acc (ECMS.DE) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) have volatilities of 0.91% and 0.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECMS.DE | SYBD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.91% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 2.04% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.08% | 2.16% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.87% | 2.19% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.87% | 3.08% | -0.21% |
ECMS.DE vs. SYBD.DE - Expense Ratio Comparison
ECMS.DE has a 0.15% expense ratio, which is lower than SYBD.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
ECMS.DE vs. SYBD.DE - Dividend Comparison
ECMS.DE has not paid dividends to shareholders, while SYBD.DE's dividend yield for the trailing twelve months is around 2.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECMS.DE Invesco EUR Corporate Bond ESG Short Duration 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% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.24% | 0.25% | 0.11% | 0.28% | 0.50% | 0.72% |
Frequently Asked Questions
ECMS.DE and SYBD.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ECMS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMS.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SYBD.DE.
ECMS.DE tracks Invesco EUR Corporate Bond ESG Short Duration Multi-Factor, while SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.15% for ECMS.DE and 0.20% for SYBD.DE.
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