EUHA.DE vs. SYBJ.DE
EUHA.DE (PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc) and SYBJ.DE (SPDR Bloomberg Euro High Yield Bond UCITS ETF) are both European High Yield Bonds funds - EUHA.DE tracks the BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained while SYBJ.DE tracks the Bloomberg Liquidity Screened Euro High Yield Bond. Both are passively managed. Over the past 5 years, EUHA.DE returned 2.85%/yr vs 2.51%/yr for SYBJ.DE. A 0.71 correlation means they provide meaningful diversification when combined. EUHA.DE charges 0.50%/yr vs 0.40%/yr for SYBJ.DE.
Performance
EUHA.DE vs. SYBJ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUHA.DE achieves a 1.21% return, which is significantly higher than SYBJ.DE's 1.02% return.
EUHA.DE
- 1D
- 0.10%
- 1M
- 1.11%
- YTD
- 1.21%
- 6M
- 1.65%
- 1Y
- 3.44%
- 3Y*
- 6.41%
- 5Y*
- 2.85%
- 10Y*
- —
SYBJ.DE
- 1D
- -0.19%
- 1M
- 1.00%
- YTD
- 1.02%
- 6M
- 1.61%
- 1Y
- 3.38%
- 3Y*
- 6.65%
- 5Y*
- 2.51%
- 10Y*
- 3.11%
EUHA.DE vs. SYBJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc | 1.21% | 5.16% | 6.18% | 10.06% | -8.20% | 3.18% | 1.17% | 8.26% | -4.28% | 0.40% |
SYBJ.DE SPDR Bloomberg Euro High Yield Bond UCITS ETF | 1.02% | 5.26% | 5.78% | 11.83% | -10.75% | 2.92% | 1.94% | 10.36% | -4.24% | -0.10% |
Correlation
The correlation between EUHA.DE and SYBJ.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2017 | 0.71 |
The correlation between EUHA.DE and SYBJ.DE shifts across timeframes, from 0.62 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUHA.DE vs. SYBJ.DE — Risk / Return Rank
EUHA.DE
SYBJ.DE
EUHA.DE vs. SYBJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) and SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.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.
| EUHA.DE | SYBJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| 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 | 1.13 | 1.06 | +0.08 |
| Martin ratioReturn relative to average drawdown | 5.03 | 4.18 | +0.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EUHA.DE | SYBJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 0.79 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.42 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.69 | -0.36 |
Drawdowns
EUHA.DE vs. SYBJ.DE - Drawdown Comparison
The maximum EUHA.DE drawdown since its inception was -23.36%, smaller than the maximum SYBJ.DE drawdown of -25.59%. Use the drawdown chart below to compare losses from any high point for EUHA.DE and SYBJ.DE.
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Drawdown Indicators
| EUHA.DE | SYBJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.36% | -25.59% | +2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.03% | -3.19% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -3.50% | -4.19% | +0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -12.43% | -16.31% | +3.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.59% | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.35% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -2.26% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.81% | -0.13% |
Volatility
EUHA.DE vs. SYBJ.DE - Volatility Comparison
The current volatility for PIMCO Euro Short-Term High Yield Corporate Bond Index UCITS ETF Acc (EUHA.DE) is 0.78%, while SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) has a volatility of 1.34%. This indicates that EUHA.DE experiences smaller price fluctuations and is considered to be less risky than SYBJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUHA.DE | SYBJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 1.34% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.64% | 3.82% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.10% | 4.27% | -1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.93% | 5.98% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 6.98% | +0.56% |
EUHA.DE vs. SYBJ.DE - Expense Ratio Comparison
EUHA.DE has a 0.50% expense ratio, which is higher than SYBJ.DE's 0.40% expense ratio.
Dividends
EUHA.DE vs. SYBJ.DE - Dividend Comparison
EUHA.DE has not paid dividends to shareholders, while SYBJ.DE's dividend yield for the trailing twelve months is around 5.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUHA.DE PIMCO Euro Short-Term High Yield Corporate Bond Index 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% |
SYBJ.DE SPDR Bloomberg Euro High Yield Bond UCITS ETF | 5.34% | 5.47% | 5.86% | 4.96% | 3.48% | 2.91% | 3.14% | 3.08% | 2.86% | 3.57% | 3.57% | 3.91% |
Frequently Asked Questions
EUHA.DE and SYBJ.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBJ.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for EUHA.DE.
EUHA.DE tracks BofA Merrill Lynch 0-5 Year Euro Developed Markets High Yield 2% Constrained, while SYBJ.DE tracks Bloomberg Liquidity Screened Euro High Yield Bond. They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.50% for EUHA.DE and 0.40% for SYBJ.DE.
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