EHBA.DE vs. SYBQ.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling 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 SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5. Both are passively managed. Over the past 5 years, EHBA.DE returned 1.96%/yr vs 2.54%/yr for SYBQ.DE. At a 0.27 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.20%/yr for SYBQ.DE.
Performance
EHBA.DE vs. SYBQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 1.67% return, which is significantly lower than SYBQ.DE's 2.86% return.
EHBA.DE
- 1D
- 0.09%
- 1M
- 0.76%
- 6M
- 1.90%
- YTD
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 8.32%
- 5Y*
- 1.96%
- 10Y*
- —
SYBQ.DE
- 1D
- -0.12%
- 1M
- 1.27%
- 6M
- 2.89%
- YTD
- 2.86%
- 1Y
- 4.50%
- 3Y*
- 6.69%
- 5Y*
- 2.54%
- 10Y*
- 2.27%
EHBA.DE vs. SYBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 1.67% | 5.24% | 10.78% | 9.40% | -14.85% | 1.16% | 3.63% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 2.86% | 1.45% | 9.69% | 9.38% | -10.85% | 6.75% | 3.36% |
Correlation
The correlation between EHBA.DE and SYBQ.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020 | 0.27 |
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Return for Risk
EHBA.DE vs. SYBQ.DE — Risk / Return Rank
EHBA.DE
SYBQ.DE
EHBA.DE vs. SYBQ.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 0-5 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.
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 | SYBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 2.13 | -1.11 |
| Martin ratioReturn relative to average drawdown | 3.64 | 6.03 | -2.39 |
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Drawdowns
EHBA.DE vs. SYBQ.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, smaller than the maximum SYBQ.DE drawdown of -30.04%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and SYBQ.DE.
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Drawdown Indicators
| EHBA.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -30.04% | +9.43% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -2.10% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -5.47% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | -16.50% | -4.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.50% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.15% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -9.11% | +3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 0.75% | +0.30% |
Volatility
EHBA.DE vs. SYBQ.DE - Volatility Comparison
Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) has a higher volatility of 1.12% compared to SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) at 0.93%. This indicates that EHBA.DE's price experiences larger fluctuations and is considered to be riskier 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
| EHBA.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 0.93% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 3.51% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 4.71% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 6.25% | -1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 17.40% | -12.57% |
EHBA.DE vs. SYBQ.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than SYBQ.DE's 0.20% expense ratio.
Dividends
EHBA.DE vs. SYBQ.DE - Dividend Comparison
EHBA.DE has not paid dividends to shareholders, while SYBQ.DE's dividend yield for the trailing twelve months is around 4.61%.
| 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% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.61% | 4.72% | 4.29% | 3.04% | 1.88% | 1.71% | 1.87% | 1.84% | 1.92% | 2.48% | 2.57% | 2.58% |
Frequently Asked Questions
EHBA.DE and SYBQ.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBQ.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 SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.39% for EHBA.DE and 0.20% for SYBQ.DE.
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