EHBA.DE vs. SYBD.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - EHBA.DE tracks the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index while SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3. Both are passively managed. Over the past 5 years, EHBA.DE returned 1.70%/yr vs 1.60%/yr for SYBD.DE. At a 0.30 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.20%/yr for SYBD.DE.
Performance
EHBA.DE vs. SYBD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 0.88% return, which is significantly higher than SYBD.DE's 0.63% return.
EHBA.DE
- 1D
- -0.04%
- 1M
- -0.22%
- 6M
- 0.24%
- YTD
- 0.88%
- 1Y
- 2.83%
- 3Y*
- 7.84%
- 5Y*
- 1.70%
- 10Y*
- —
SYBD.DE
- 1D
- -0.20%
- 1M
- -0.10%
- 6M
- 0.44%
- YTD
- 0.63%
- 1Y
- 1.46%
- 3Y*
- 3.58%
- 5Y*
- 1.60%
- 10Y*
- 0.84%
EHBA.DE vs. SYBD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 0.88% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.63% | 2.97% | 4.35% | 4.07% | -3.54% | -0.13% | 0.26% |
Correlation
The correlation between EHBA.DE and SYBD.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.30 |
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Return for Risk
EHBA.DE vs. SYBD.DE — Risk / Return Rank
EHBA.DE
SYBD.DE
EHBA.DE vs. SYBD.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 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.
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 | SYBD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.14 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.56 | -0.80 |
| Martin ratioReturn relative to average drawdown | 2.66 | 5.81 | -3.15 |
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Drawdowns
EHBA.DE vs. SYBD.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, which is greater than SYBD.DE's maximum drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and SYBD.DE.
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Drawdown Indicators
| EHBA.DE | SYBD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -8.77% | -11.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -0.93% | -2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -0.93% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -4.98% | -15.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.77% | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.40% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -0.71% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 0.25% | +0.81% |
Volatility
EHBA.DE vs. SYBD.DE - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a higher volatility of 1.07% compared to SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) at 0.54%. This indicates that EHBA.DE's price experiences larger fluctuations and is considered to be riskier than SYBD.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 | SYBD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 0.54% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.68% | 1.86% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 2.27% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 1.99% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.82% | 3.01% | +1.81% |
EHBA.DE vs. SYBD.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than SYBD.DE's 0.20% expense ratio.
Dividends
EHBA.DE vs. SYBD.DE - Dividend Comparison
EHBA.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% | 0.17% | 0.11% | 0.28% | 0.50% | 0.72% |
Frequently Asked Questions
EHBA.DE and SYBD.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBD.DE is cheaper with a 0.20% 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 SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.39% for EHBA.DE and 0.20% for SYBD.DE.
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