IBCD.DE vs. SYBN.DE
IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) and SYBN.DE (SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF) are both Corporate Bonds funds - IBCD.DE tracks the iBoxx® USD Liquid Investment Grade while SYBN.DE tracks the Bloomberg US Corporate 10+. Both are passively managed. Over the past 10 years, IBCD.DE returned 1.88%/yr vs 2.22%/yr for SYBN.DE. Their correlation of 0.90 suggests significant overlap in exposure. IBCD.DE charges 0.20%/yr vs 0.12%/yr for SYBN.DE.
Performance
IBCD.DE vs. SYBN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCD.DE achieves a 1.30% return, which is significantly lower than SYBN.DE's 1.97% return. Over the past 10 years, IBCD.DE has underperformed SYBN.DE with an annualized return of 1.88%, while SYBN.DE has yielded a comparatively higher 2.22% annualized return.
IBCD.DE
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 1.30%
- 6M
- 0.27%
- 1Y
- 3.27%
- 3Y*
- 1.65%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
SYBN.DE
- 1D
- 0.30%
- 1M
- 1.49%
- YTD
- 1.97%
- 6M
- 0.93%
- 1Y
- 5.57%
- 3Y*
- 1.80%
- 5Y*
- -0.75%
- 10Y*
- 2.22%
IBCD.DE vs. SYBN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | 0.35% | 20.25% | -0.24% | -6.49% |
SYBN.DE SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 1.97% | -4.34% | 4.09% | 6.87% | -20.46% | 6.88% | 3.21% | 27.52% | -2.77% | -1.38% |
Correlation
The correlation between IBCD.DE and SYBN.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2015 | 0.90 |
The correlation between IBCD.DE and SYBN.DE has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
IBCD.DE vs. SYBN.DE — Risk / Return Rank
IBCD.DE
SYBN.DE
IBCD.DE vs. SYBN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) and SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (SYBN.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.
| IBCD.DE | SYBN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.11 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.02 | -0.27 |
| Martin ratioReturn relative to average drawdown | 1.78 | 2.15 | -0.37 |
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
| IBCD.DE | SYBN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.63 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.06 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.18 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.21 | -0.05 |
Drawdowns
IBCD.DE vs. SYBN.DE - Drawdown Comparison
The maximum IBCD.DE drawdown since its inception was -41.86%, which is greater than SYBN.DE's maximum drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for IBCD.DE and SYBN.DE.
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Drawdown Indicators
| IBCD.DE | SYBN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.86% | -28.03% | -13.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -4.99% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.36% | -15.40% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -28.03% | +10.91% |
Max Drawdown (10Y)Largest decline over 10 years | -17.51% | -28.03% | +10.52% |
Current DrawdownCurrent decline from peak | -7.49% | -16.22% | +8.73% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -9.94% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.37% | -0.72% |
Volatility
IBCD.DE vs. SYBN.DE - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) is 1.33%, while SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (SYBN.DE) has a volatility of 2.10%. This indicates that IBCD.DE experiences smaller price fluctuations and is considered to be less risky than SYBN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCD.DE | SYBN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.10% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 5.72% | -1.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.21% | 8.15% | -1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.18% | 12.47% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.07% | 12.40% | -3.33% |
IBCD.DE vs. SYBN.DE - Expense Ratio Comparison
IBCD.DE has a 0.20% expense ratio, which is higher than SYBN.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBCD.DE vs. SYBN.DE - Dividend Comparison
IBCD.DE's dividend yield for the trailing twelve months is around 4.24%, less than SYBN.DE's 5.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
SYBN.DE SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 5.43% | 5.75% | 5.08% | 4.61% | 4.65% | 3.20% | 3.62% | 3.61% | 3.99% | 4.44% | 2.62% | 0.00% |
Frequently Asked Questions
IBCD.DE and SYBN.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBN.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBN.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IBCD.DE.
IBCD.DE tracks iBoxx® USD Liquid Investment Grade, while SYBN.DE tracks Bloomberg US Corporate 10+. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for IBCD.DE and 0.12% for SYBN.DE.
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