EUNR.DE vs. SYBD.DE
EUNR.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist)) and SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - EUNR.DE tracks the Bloomberg Euro Corporate ex-Financials Bond while SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3. Both are passively managed. Over the past 10 years, EUNR.DE returned 0.82%/yr vs 0.91%/yr for SYBD.DE. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
EUNR.DE vs. SYBD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNR.DE achieves a 1.25% return, which is significantly higher than SYBD.DE's 0.84% return. Over the past 10 years, EUNR.DE has underperformed SYBD.DE with an annualized return of 0.82%, while SYBD.DE has yielded a comparatively higher 0.91% annualized return.
EUNR.DE
- 1D
- 0.05%
- 1M
- 0.75%
- YTD
- 1.25%
- 6M
- 1.43%
- 1Y
- 2.33%
- 3Y*
- 4.19%
- 5Y*
- -0.11%
- 10Y*
- 0.82%
SYBD.DE
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 0.84%
- 6M
- 1.41%
- 1Y
- 2.10%
- 3Y*
- 3.81%
- 5Y*
- 1.67%
- 10Y*
- 0.91%
EUNR.DE vs. SYBD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 1.25% | 2.63% | 3.48% | 7.31% | -13.61% | -1.23% | 2.84% | 6.34% | -1.21% | 1.58% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.84% | 2.97% | 4.35% | 4.07% | -3.54% | -0.13% | 0.14% | 0.87% | -0.65% | 0.08% |
Correlation
The correlation between EUNR.DE and SYBD.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | 0.40 |
The correlation between EUNR.DE and SYBD.DE shifts across timeframes, from 0.35 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUNR.DE vs. SYBD.DE — Risk / Return Rank
EUNR.DE
SYBD.DE
EUNR.DE vs. SYBD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.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.
| EUNR.DE | SYBD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.20 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.24 | -1.36 |
| Martin ratioReturn relative to average drawdown | 2.87 | 8.47 | -5.60 |
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Drawdowns
EUNR.DE vs. SYBD.DE - Drawdown Comparison
The maximum EUNR.DE drawdown since its inception was -17.49%, 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 EUNR.DE and SYBD.DE.
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Drawdown Indicators
| EUNR.DE | SYBD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.49% | -8.77% | -8.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -0.93% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -0.93% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -4.98% | -12.51% |
Max Drawdown (10Y)Largest decline over 10 years | -17.49% | -8.77% | -8.72% |
Current DrawdownCurrent decline from peak | -2.20% | -0.13% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -0.71% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 0.25% | +0.56% |
Volatility
EUNR.DE vs. SYBD.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) (EUNR.DE) is 0.70%, while SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) has a volatility of 0.82%. This indicates that EUNR.DE experiences smaller price fluctuations and is considered to be less risky 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
| EUNR.DE | SYBD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | 0.82% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 2.71% | 2.13% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 2.26% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 1.99% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 3.01% | +1.53% |
EUNR.DE vs. SYBD.DE - Expense Ratio Comparison
Both EUNR.DE and SYBD.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EUNR.DE vs. SYBD.DE - Dividend Comparison
EUNR.DE's dividend yield for the trailing twelve months is around 2.80%, less than SYBD.DE's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNR.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR (Dist) | 2.80% | 2.65% | 2.25% | 1.50% | 0.90% | 0.81% | 0.88% | 1.25% | 1.35% | 1.42% | 1.84% | 1.03% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.95% | 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
EUNR.DE and SYBD.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EUNR.DE and SYBD.DE have the same expense ratio: 0.20% per year.
EUNR.DE tracks Bloomberg Euro Corporate ex-Financials Bond, while SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3. They also come from different issuers: iShares and State Street.
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