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FIBR vs. SYSB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIBR vs. SYSB

Last updated Jun 4, 2026

FIBR (iShares U.S. Fixed Income Balanced Risk Systematic ETF) and SYSB (iShares Systematic Bond ETF) are both Intermediate Core-Plus Bond funds from iShares - FIBR tracks the Bloomberg U.S. Fixed Income Balanced Risk Index while SYSB tracks the BlackRock Universal Systematic Bond Index. Both are passively managed. Over the past 10 years, FIBR returned 2.28%/yr vs 2.28%/yr for SYSB. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

FIBR vs. SYSB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) and iShares Systematic Bond ETF (SYSB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with FIBR at 0.06% and SYSB at 0.06%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: FIBR at 2.28% and SYSB at 2.28%.

FIBR

1D
-0.27%
1M
0.22%
YTD
0.06%
6M
-0.05%
1Y
5.34%
3Y*
6.70%
5Y*
1.54%
10Y*
2.28%

SYSB

1D
-0.27%
1M
0.22%
YTD
0.06%
6M
-0.05%
1Y
5.34%
3Y*
6.70%
5Y*
1.54%
10Y*
2.28%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIBR vs. SYSB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FIBR
iShares U.S. Fixed Income Balanced Risk Systematic ETF		0.06%8.32%6.04%8.22%-13.57%-1.00%3.31%10.03%-0.93%3.89%
SYSB
iShares Systematic Bond ETF		0.06%8.32%6.04%8.22%-13.57%-1.00%3.31%10.03%-0.93%3.89%

Correlation

The correlation between FIBR and SYSB is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

1.00

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2015

1.00

The correlation between FIBR and SYSB has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares U.S. Fixed Income Balanced Risk Systematic ETF

iShares Systematic Bond ETF

Often compared with FIBR:
FIBR vs. CGBLFIBR vs. EAGGFIBR vs. ISTBFIBR vs. FDHYFIBR vs. RAVIFIBR vs. AGGFIBR vs. BIL
Often compared with SYSB:
SYSB vs. FBNDSYSB vs. JHCPSYSB vs. NCPBSYSB vs. CFITSYSB vs. APCBSYSB vs. VPLSSYSB vs. MAMB

Return for Risk

FIBR vs. SYSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIBR
FIBR Risk / Return Rank: 3838
Overall Rank
FIBR Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
FIBR Sortino Ratio Rank: 3939
Sortino Ratio Rank
FIBR Omega Ratio Rank: 3939
Omega Ratio Rank
FIBR Calmar Ratio Rank: 3636
Calmar Ratio Rank
FIBR Martin Ratio Rank: 3636
Martin Ratio Rank
SYSB
SYSB Risk / Return Rank: 3838
Overall Rank
SYSB Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
SYSB Sortino Ratio Rank: 3939
Sortino Ratio Rank
SYSB Omega Ratio Rank: 3939
Omega Ratio Rank
SYSB Calmar Ratio Rank: 3636
Calmar Ratio Rank
SYSB Martin Ratio Rank: 3636
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIBR vs. SYSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) and iShares Systematic Bond ETF (SYSB). 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.

FIBRSYSBDifference
Sharpe ratioReturn per unit of total volatility
1.41
1.41

0.00

Sortino ratioReturn per unit of downside risk
2.02
2.02

0.00

Omega ratioGain probability vs. loss probability

1.26

1.26

0.00

Calmar ratioReturn relative to maximum drawdown

1.79

1.79

0.00

Martin ratioReturn relative to average drawdown

5.50

5.50

0.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIBR vs. SYSB - Sharpe Ratio Comparison

The current FIBR Sharpe Ratio is 1.41, which is comparable to the SYSB Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of FIBR and SYSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FIBRSYSBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.41

1.41

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

0.27

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.46

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.50

0.00

Drawdowns

FIBR vs. SYSB - Drawdown Comparison

The maximum FIBR drawdown since its inception was -18.47%, roughly equal to the maximum SYSB drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for FIBR and SYSB.

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Drawdown Indicators

FIBRSYSBDifference

Max Drawdown

Largest peak-to-trough decline

-18.47%

-18.47%

0.00%

Max Drawdown (1Y)

Largest decline over 1 year

-2.99%

-2.99%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-3.08%

-3.08%

0.00%

Max Drawdown (5Y)

Largest decline over 5 years

-18.47%

-18.47%

0.00%

Max Drawdown (10Y)

Largest decline over 10 years

-18.47%

-18.47%

0.00%

Current Drawdown

Current decline from peak

-1.79%

-1.79%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.27%

-3.27%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.97%

0.97%

0.00%

Volatility

FIBR vs. SYSB - Volatility Comparison

iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) and iShares Systematic Bond ETF (SYSB) have volatilities of 1.40% and 1.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIBRSYSBDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.40%

1.40%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

3.10%

3.10%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

3.80%

3.80%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.63%

5.63%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.95%

4.95%

0.00%

FIBR vs. SYSB - Expense Ratio Comparison

Both FIBR and SYSB have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

FIBR vs. SYSB - Dividend Comparison

FIBR's dividend yield for the trailing twelve months is around 4.62%, which matches SYSB's 4.62% yield.

PositionTTM20252024202320222021202020192018201720162015
FIBR
iShares U.S. Fixed Income Balanced Risk Systematic ETF		4.62%4.78%5.04%4.44%3.27%1.92%2.57%3.27%3.61%2.74%2.92%2.26%
SYSB
iShares Systematic Bond ETF		4.62%4.78%5.04%4.44%3.27%1.92%2.57%3.27%3.61%2.74%2.92%2.26%

Frequently Asked Questions

With a correlation of 1.00, FIBR and SYSB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

SYSB has higher volatility (1.40%) compared to FIBR (1.40%). In terms of maximum drawdown, FIBR dropped -18.47% vs SYSB's -18.47%.

On 10-year performance, SYSB leads with 2.28% vs 2.28% for FIBR. Both ETFs have the same 0.25% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SYSB has performed better with a 2.28% return vs 2.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FIBR and SYSB have the same expense ratio: 0.25% per year.

FIBR and SYSB have nearly identical dividend yields, around 4.62%.

FIBR tracks Bloomberg U.S. Fixed Income Balanced Risk Index, while SYSB tracks BlackRock Universal Systematic Bond Index.

SYSB currently has the higher Sharpe Ratio (1.41 vs 1.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

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