EMLI.L vs. SYBK.DE
EMLI.L (PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist) and SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) are both exchange-traded funds - EMLI.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD, while SYBK.DE is a High Yield Bonds fund tracking the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. Both are passively managed. Over the past 10 years, EMLI.L returned 3.46%/yr vs 5.03%/yr for SYBK.DE. At a 0.22 correlation, their price movements are largely independent. EMLI.L charges 0.61%/yr vs 0.30%/yr for SYBK.DE.
Performance
EMLI.L vs. SYBK.DE - Performance Comparison
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Different Trading Currencies
EMLI.L is traded in USD, while SYBK.DE is traded in EUR. To make them comparable, the SYBK.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMLI.L achieves a 2.11% return, which is significantly higher than SYBK.DE's 1.51% return. Over the past 10 years, EMLI.L has underperformed SYBK.DE with an annualized return of 3.46%, while SYBK.DE has yielded a comparatively higher 5.03% annualized return.
EMLI.L
- 1D
- 0.06%
- 1M
- 0.40%
- YTD
- 2.11%
- 6M
- 2.02%
- 1Y
- 7.79%
- 3Y*
- 5.90%
- 5Y*
- 3.56%
- 10Y*
- 3.46%
SYBK.DE
- 1D
- -0.28%
- 1M
- -0.07%
- YTD
- 1.51%
- 6M
- 1.44%
- 1Y
- 4.96%
- 3Y*
- 8.95%
- 5Y*
- 4.05%
- 10Y*
- 5.03%
EMLI.L vs. SYBK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 2.11% | 16.62% | -3.24% | 13.70% | -5.63% | -5.51% | 1.91% | 13.04% | -6.89% | 12.58% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 1.51% | 8.16% | 9.23% | 12.12% | -10.54% | 4.87% | 4.86% | 10.17% | -0.56% | 5.34% |
Correlation
The correlation between EMLI.L and SYBK.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2014 | 0.22 |
The correlation between EMLI.L and SYBK.DE shifts across timeframes, from 0.06 (1 year) to 0.30 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EMLI.L vs. SYBK.DE — Risk / Return Rank
EMLI.L
SYBK.DE
EMLI.L vs. SYBK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) and SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.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.
| EMLI.L | SYBK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.57 | -0.20 |
| Martin ratioReturn relative to average drawdown | 4.56 | 5.76 | -1.20 |
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Drawdowns
EMLI.L vs. SYBK.DE - Drawdown Comparison
The maximum EMLI.L drawdown since its inception was -25.82%, smaller than the maximum SYBK.DE drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for EMLI.L and SYBK.DE.
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Drawdown Indicators
| EMLI.L | SYBK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.82% | -31.41% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.66% | -3.15% | -2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -7.82% | -7.22% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.08% | -15.43% | -3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -21.08% | -20.13% | -0.95% |
Current DrawdownCurrent decline from peak | -2.35% | -0.38% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -7.34% | -10.62% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 0.86% | +0.84% |
Volatility
EMLI.L vs. SYBK.DE - Volatility Comparison
PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist (EMLI.L) has a higher volatility of 2.25% compared to SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) at 1.75%. This indicates that EMLI.L's price experiences larger fluctuations and is considered to be riskier than SYBK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMLI.L | SYBK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 1.75% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 5.73% | 4.00% | +1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.77% | 5.32% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.90% | 7.24% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.53% | 7.48% | +2.05% |
EMLI.L vs. SYBK.DE - Expense Ratio Comparison
EMLI.L has a 0.61% expense ratio, which is higher than SYBK.DE's 0.30% expense ratio.
Dividends
EMLI.L vs. SYBK.DE - Dividend Comparison
EMLI.L's dividend yield for the trailing twelve months is around 6.72%, less than SYBK.DE's 7.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMLI.L PIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist | 6.72% | 5.81% | 6.33% | 5.70% | 5.21% | 4.50% | 3.68% | 5.24% | 5.83% | 5.76% | 6.69% | 7.09% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 7.02% | 7.68% | 6.90% | 6.70% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
EMLI.L and SYBK.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.61% for EMLI.L.
EMLI.L is categorized as Emerging Markets Bonds, while SYBK.DE is High Yield Bonds. EMLI.L tracks JPM GBI-EM Global Diversified TR USD, while SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.61% for EMLI.L and 0.30% for SYBK.DE.
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