IPAB.DE vs. SYBD.DE
IPAB.DE (iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc) and SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - IPAB.DE tracks the Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select while SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3. Both are passively managed. Over the past 3 years, IPAB.DE returned 4.79%/yr vs 3.81%/yr for SYBD.DE. At a 0.50 correlation, their price movements are largely independent. IPAB.DE charges 0.15%/yr vs 0.20%/yr for SYBD.DE.
Performance
IPAB.DE vs. SYBD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IPAB.DE achieves a 1.25% return, which is significantly higher than SYBD.DE's 0.84% return.
IPAB.DE
- 1D
- 0.18%
- 1M
- 0.71%
- YTD
- 1.25%
- 6M
- 1.44%
- 1Y
- 2.36%
- 3Y*
- 4.79%
- 5Y*
- —
- 10Y*
- —
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%
IPAB.DE vs. SYBD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IPAB.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc | 1.25% | 2.95% | 4.43% | 7.23% | -3.20% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.84% | 2.97% | 4.35% | 4.07% | -1.37% |
Correlation
The correlation between IPAB.DE and SYBD.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.50 |
Over the past year, the correlation between IPAB.DE and SYBD.DE has dropped to 0.29 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
IPAB.DE vs. SYBD.DE — Risk / Return Rank
IPAB.DE
SYBD.DE
IPAB.DE vs. SYBD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.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.
| IPAB.DE | SYBD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.20 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.24 | -1.36 |
| Martin ratioReturn relative to average drawdown | 3.26 | 8.47 | -5.21 |
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Drawdowns
IPAB.DE vs. SYBD.DE - Drawdown Comparison
The maximum IPAB.DE drawdown since its inception was -9.09%, roughly equal to the maximum SYBD.DE drawdown of -8.77%. Use the drawdown chart below to compare losses from any high point for IPAB.DE and SYBD.DE.
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Drawdown Indicators
| IPAB.DE | SYBD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.09% | -8.77% | -0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -2.66% | -0.93% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -2.66% | -0.93% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.77% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.13% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -2.08% | -0.71% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.25% | +0.47% |
Volatility
IPAB.DE vs. SYBD.DE - Volatility Comparison
The current volatility for iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR Acc (IPAB.DE) is 0.76%, while SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) has a volatility of 0.82%. This indicates that IPAB.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
| IPAB.DE | SYBD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 0.82% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 2.13% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.06% | 2.26% | +0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 1.99% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 3.01% | +1.49% |
IPAB.DE vs. SYBD.DE - Expense Ratio Comparison
IPAB.DE has a 0.15% expense ratio, which is lower than SYBD.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IPAB.DE vs. SYBD.DE - Dividend Comparison
IPAB.DE has not paid dividends to shareholders, while SYBD.DE's dividend yield for the trailing twelve months is around 2.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPAB.DE iShares EUR Corporate Bond ESG Paris-Aligned Climate UCITS ETF EUR 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% |
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
IPAB.DE and SYBD.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IPAB.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IPAB.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SYBD.DE.
IPAB.DE tracks Bloomberg MSCI Euro Corporate Climate Paris Aligned ESG Select, while SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3. They also come from different issuers: iShares and State Street. Their fees differ too: 0.15% for IPAB.DE and 0.20% for SYBD.DE.
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