GB1E.DE vs. SYBK.DE

Last updated Apr 3, 2026

Compare and contrast key facts about Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) and SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE).

GB1E.DE and SYBK.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GB1E.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. It was launched on Apr 12, 2023. SYBK.DE is a passively managed fund by State Street that tracks the performance of the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. It was launched on Sep 19, 2013. Both GB1E.DE and SYBK.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GB1E.DE vs. SYBK.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) and SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE). The values are adjusted to include any dividend payments, if applicable.

GB1E.DE vs. SYBK.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc	-0.84%	5.84%	5.89%	6.21%
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)	1.48%	-4.18%	15.91%	7.01%

Returns By Period

In the year-to-date period, GB1E.DE achieves a -0.84% return, which is significantly lower than SYBK.DE's 1.48% return.

GB1E.DE

• 1D: 0.49%
• 1M: -0.79%
• YTD: -0.84%
• 6M: -0.21%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SYBK.DE

• 1D: 0.87%
• 1M: -0.30%
• YTD: 1.48%
• 6M: 1.49%
• 1Y: -0.19%
• 3Y*: 6.32%
• 5Y*: 4.42%
• 10Y*: 5.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GB1E.DE vs. SYBK.DE - Expense Ratio Comparison

Both GB1E.DE and SYBK.DE have an expense ratio of 0.30%.

GB1E.DE

Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc

SYBK.DE

SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)

Return for Risk

GB1E.DE vs. SYBK.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GB1E.DE

GB1E.DE Risk / Return Rank: 46
GB1E.DE Sharpe Ratio Rank: 43
GB1E.DE Sortino Ratio Rank: 39
GB1E.DE Omega Ratio Rank: 41
GB1E.DE Calmar Ratio Rank: 48
GB1E.DE Martin Ratio Rank: 56

SYBK.DE

SYBK.DE Risk / Return Rank: 14
SYBK.DE Sharpe Ratio Rank: 11
SYBK.DE Sortino Ratio Rank: 10
SYBK.DE Omega Ratio Rank: 10
SYBK.DE Calmar Ratio Rank: 21
SYBK.DE Martin Ratio Rank: 20

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.

GB1E.DE vs. SYBK.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) 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.

	GB1E.DE	SYBK.DE	Difference
Sharpe ratio Return per unit of total volatility	0.86	-0.02	+0.88
Sortino ratio Return per unit of downside risk	1.20	0.03	+1.17
Omega ratio Gain probability vs. loss probability	1.18	1.00	+0.17
Calmar ratio Return relative to maximum drawdown	1.57	0.57	+1.00
Martin ratio Return relative to average drawdown	6.98	1.59	+5.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GB1E.DE vs. SYBK.DE - Sharpe Ratio Comparison

The current GB1E.DE Sharpe Ratio is 0.86, which is higher than the SYBK.DE Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of GB1E.DE and SYBK.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GB1E.DE	SYBK.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	-0.02	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.61	+0.76

Correlation

The correlation between GB1E.DE and SYBK.DE is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GB1E.DE vs. SYBK.DE - Dividend Comparison

GB1E.DE has not paid dividends to shareholders, while SYBK.DE's dividend yield for the trailing twelve months is around 7.26%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg 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%
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)	7.26%	7.68%	6.96%	6.73%	5.79%	5.11%	6.01%	5.54%	5.04%	6.51%	5.30%	5.35%

Drawdowns

GB1E.DE vs. SYBK.DE - Drawdown Comparison

The maximum GB1E.DE drawdown since its inception was -4.31%, smaller than the maximum SYBK.DE drawdown of -19.71%. Use the drawdown chart below to compare losses from any high point for GB1E.DE and SYBK.DE.

Drawdown Indicators

	GB1E.DE	SYBK.DE	Difference
Max Drawdown Largest peak-to-trough decline	-4.31%	-19.71%	+15.40%
Max Drawdown (1Y) Largest decline over 1 year	-3.10%	-5.24%	+2.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-19.71%	—
Current Drawdown Current decline from peak	-1.76%	-5.60%	+3.84%
Average Drawdown Average peak-to-trough decline	-0.56%	-4.24%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	1.65%	-0.95%

Volatility

GB1E.DE vs. SYBK.DE - Volatility Comparison

Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) has a higher volatility of 1.94% compared to SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) at 1.78%. This indicates that GB1E.DE'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.

Volatility by Period

	GB1E.DE	SYBK.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.94%	1.78%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	2.75%	4.29%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	4.42%	9.01%	-4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.18%	8.28%	-4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.18%	8.48%	-4.30%