EHBA.DE vs. SYBC.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and SYBC.DE (State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist)) are both European Corporate Bonds funds - EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index while SYBC.DE tracks the Bloomberg Euro Corporate Bond Index. Both are passively managed. Over the past 5 years, EHBA.DE returned 1.71%/yr vs -0.15%/yr for SYBC.DE. At a 0.46 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.12%/yr for SYBC.DE.
Performance
EHBA.DE vs. SYBC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 0.92% return, which is significantly higher than SYBC.DE's 0.57% return.
EHBA.DE
- 1D
- 0.07%
- 1M
- -0.46%
- 6M
- 0.55%
- YTD
- 0.92%
- 1Y
- 3.13%
- 3Y*
- 8.01%
- 5Y*
- 1.71%
- 10Y*
- —
SYBC.DE
- 1D
- -0.02%
- 1M
- -0.52%
- 6M
- 0.07%
- YTD
- 0.57%
- 1Y
- 1.43%
- 3Y*
- 4.47%
- 5Y*
- -0.15%
- 10Y*
- 0.78%
EHBA.DE vs. SYBC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.92% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
SYBC.DE State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) | 0.57% | 3.07% | 4.28% | 7.58% | -13.73% | -1.04% | 1.92% |
Correlation
The correlation between EHBA.DE and SYBC.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.46 |
The correlation between EHBA.DE and SYBC.DE has been stable across timeframes, ranging from 0.46 to 0.53 - a consistent structural relationship.
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Return for Risk
EHBA.DE vs. SYBC.DE — Risk / Return Rank
EHBA.DE
SYBC.DE
EHBA.DE vs. SYBC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) and State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) (SYBC.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.
| EHBA.DE | SYBC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.08 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 0.53 | +0.30 |
| Martin ratioReturn relative to average drawdown | 2.95 | 1.75 | +1.20 |
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Drawdowns
EHBA.DE vs. SYBC.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, which is greater than SYBC.DE's maximum drawdown of -17.59%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and SYBC.DE.
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Drawdown Indicators
| EHBA.DE | SYBC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -17.59% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -2.68% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -2.68% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -17.59% | -3.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.59% | — |
Current DrawdownCurrent decline from peak | -1.01% | -1.42% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -3.08% | -2.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.82% | +0.24% |
Volatility
EHBA.DE vs. SYBC.DE - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a higher volatility of 1.07% compared to State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) (SYBC.DE) at 0.97%. This indicates that EHBA.DE's price experiences larger fluctuations and is considered to be riskier than SYBC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHBA.DE | SYBC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.97% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 3.70% | 3.02% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 3.34% | +0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 4.42% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 4.56% | +0.27% |
EHBA.DE vs. SYBC.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than SYBC.DE's 0.12% expense ratio.
Dividends
EHBA.DE vs. SYBC.DE - Dividend Comparison
EHBA.DE has not paid dividends to shareholders, while SYBC.DE's dividend yield for the trailing twelve months is around 3.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond 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% |
SYBC.DE State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) | 3.26% | 3.25% | 3.08% | 2.13% | 0.96% | 0.89% | 0.86% | 0.92% | 0.89% | 1.21% | 1.36% | 1.71% |
Frequently Asked Questions
EHBA.DE and SYBC.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBC.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBC.DE is cheaper with a 0.12% expense ratio, compared with 0.39% for EHBA.DE.
EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index, while SYBC.DE tracks Bloomberg Euro Corporate Bond Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.39% for EHBA.DE and 0.12% for SYBC.DE.
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