EL48.DE vs. SYBS.DE
EL48.DE (Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF) and SYBS.DE (SPDR Bloomberg Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - EL48.DE tracks the iBoxx® EUR Liquid Germany Covered Diversified while SYBS.DE tracks the Bloomberg Sterling Corporate Bond. Both are passively managed. Over the past 10 years, EL48.DE returned -0.39%/yr vs 1.57%/yr for SYBS.DE. At a 0.46 correlation, their price movements are largely independent. EL48.DE charges 0.09%/yr vs 0.20%/yr for SYBS.DE.
Performance
EL48.DE vs. SYBS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL48.DE achieves a 0.82% return, which is significantly lower than SYBS.DE's 2.27% return. Over the past 10 years, EL48.DE has underperformed SYBS.DE with an annualized return of -0.39%, while SYBS.DE has yielded a comparatively higher 1.57% annualized return.
EL48.DE
- 1D
- 0.00%
- 1M
- 0.48%
- YTD
- 0.82%
- 6M
- 0.92%
- 1Y
- 1.38%
- 3Y*
- 3.27%
- 5Y*
- -1.15%
- 10Y*
- -0.39%
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%
EL48.DE vs. SYBS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 0.82% | 2.29% | 2.96% | 5.22% | -14.74% | -2.30% | 1.63% | 2.29% | 0.39% | -0.02% |
SYBS.DE SPDR Bloomberg Sterling Corporate Bond UCITS ETF | 2.27% | 1.99% | 6.20% | 11.12% | -23.36% | 4.01% | 2.32% | 17.50% | -4.05% | 0.65% |
Correlation
The correlation between EL48.DE and SYBS.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 18, 2012 | 0.46 |
The correlation between EL48.DE and SYBS.DE shifts across timeframes, from 0.46 (all time) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL48.DE vs. SYBS.DE — Risk / Return Rank
EL48.DE
SYBS.DE
EL48.DE vs. SYBS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.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.
| EL48.DE | SYBS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.09 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.91 | -0.29 |
| Martin ratioReturn relative to average drawdown | 1.53 | 2.21 | -0.68 |
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Drawdowns
EL48.DE vs. SYBS.DE - Drawdown Comparison
The maximum EL48.DE drawdown since its inception was -18.24%, smaller than the maximum SYBS.DE drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for EL48.DE and SYBS.DE.
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Drawdown Indicators
| EL48.DE | SYBS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.24% | -32.65% | +14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -2.22% | -3.90% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -7.54% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -32.65% | +15.60% |
Max Drawdown (10Y)Largest decline over 10 years | -18.24% | -32.65% | +14.41% |
Current DrawdownCurrent decline from peak | -7.89% | -7.25% | -0.64% |
Average DrawdownAverage peak-to-trough decline | -4.24% | -8.21% | +3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 1.49% | -0.59% |
Volatility
EL48.DE vs. SYBS.DE - Volatility Comparison
The current volatility for Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF (EL48.DE) is 0.59%, while SPDR Bloomberg Sterling Corporate Bond UCITS ETF (SYBS.DE) has a volatility of 1.52%. This indicates that EL48.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.
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Volatility by Period
| EL48.DE | SYBS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 1.52% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 2.09% | 5.52% | -3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 6.93% | -4.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 9.54% | -5.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.23% | 9.63% | -6.40% |
EL48.DE vs. SYBS.DE - Expense Ratio Comparison
EL48.DE has a 0.09% 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
EL48.DE vs. SYBS.DE - Dividend Comparison
EL48.DE's dividend yield for the trailing twelve months is around 2.06%, less than SYBS.DE's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL48.DE Deka iBoxx EUR Liquid Germany Covered Diversified UCITS ETF | 2.06% | 2.45% | 1.70% | 1.66% | 0.19% | 0.15% | 0.19% | 0.28% | 0.28% | 0.87% | 0.90% | 0.94% |
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
EL48.DE and SYBS.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL48.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL48.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for SYBS.DE.
EL48.DE tracks iBoxx® EUR Liquid Germany Covered Diversified, while SYBS.DE tracks Bloomberg Sterling Corporate Bond. They also come from different issuers: Deka and State Street. Their fees differ too: 0.09% for EL48.DE and 0.20% for SYBS.DE.
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