IBCS.DE vs. SYBQ.DE
IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) and SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) are both European Corporate Bonds funds - IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap while SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5. Both are passively managed. Over the past 10 years, IBCS.DE returned 0.73%/yr vs 1.36%/yr for SYBQ.DE. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IBCS.DE vs. SYBQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IBCS.DE achieves a 0.64% return, which is significantly lower than SYBQ.DE's 1.59% return. Over the past 10 years, IBCS.DE has underperformed SYBQ.DE with an annualized return of 0.73%, while SYBQ.DE has yielded a comparatively higher 1.36% annualized return.
IBCS.DE
- 1D
- 0.12%
- 1M
- 0.29%
- YTD
- 0.64%
- 6M
- 0.59%
- 1Y
- 2.11%
- 3Y*
- 4.29%
- 5Y*
- -0.27%
- 10Y*
- 0.73%
SYBQ.DE
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.59%
- 6M
- 2.26%
- 1Y
- 1.88%
- 3Y*
- 6.11%
- 5Y*
- 2.31%
- 10Y*
- 1.36%
IBCS.DE vs. SYBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -1.32% | 1.59% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 1.59% | 1.45% | 9.71% | 9.39% | -10.87% | 6.77% | -2.67% | 10.78% | -2.02% | -1.92% |
Correlation
The correlation between IBCS.DE and SYBQ.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2014 | 0.25 |
The correlation between IBCS.DE and SYBQ.DE shifts across timeframes, from 0.25 (all time) to 0.46 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IBCS.DE vs. SYBQ.DE — Risk / Return Rank
IBCS.DE
SYBQ.DE
IBCS.DE vs. SYBQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) and SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.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.
| IBCS.DE | SYBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.07 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.75 | -0.13 |
| Martin ratioReturn relative to average drawdown | 2.13 | 1.64 | +0.49 |
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
| IBCS.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 0.40 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.35 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.08 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.08 | +0.08 |
Drawdowns
IBCS.DE vs. SYBQ.DE - Drawdown Comparison
The maximum IBCS.DE drawdown since its inception was -31.12%, which is greater than SYBQ.DE's maximum drawdown of -29.32%. Use the drawdown chart below to compare losses from any high point for IBCS.DE and SYBQ.DE.
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Drawdown Indicators
| IBCS.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.12% | -29.32% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.51% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -2.79% | -5.48% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -16.50% | -1.37% |
Max Drawdown (10Y)Largest decline over 10 years | -17.87% | -20.63% | +2.76% |
Current DrawdownCurrent decline from peak | -2.79% | -0.44% | -2.35% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -9.11% | +0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 1.15% | -0.34% |
Volatility
IBCS.DE vs. SYBQ.DE - Volatility Comparison
The current volatility for iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) is 1.18%, while SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) has a volatility of 1.77%. This indicates that IBCS.DE experiences smaller price fluctuations and is considered to be less risky than SYBQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCS.DE | SYBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 1.77% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 3.55% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 4.75% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.74% | 6.45% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.47% | 17.58% | -13.11% |
IBCS.DE vs. SYBQ.DE - Expense Ratio Comparison
Both IBCS.DE and SYBQ.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
IBCS.DE vs. SYBQ.DE - Dividend Comparison
IBCS.DE's dividend yield for the trailing twelve months is around 3.07%, less than SYBQ.DE's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.67% | 4.72% | 4.31% | 3.04% | 1.88% | 1.71% | 2.04% | 1.84% | 1.92% | 2.48% | 2.57% | 2.58% |
Frequently Asked Questions
IBCS.DE and SYBQ.DE have a correlation of 0.39, 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.
IBCS.DE and SYBQ.DE have the same expense ratio: 0.20% per year.
IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap, while SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5. They also come from different issuers: iShares and State Street.
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