SHYG.L vs. SYBK.DE
SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) and SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) are both exchange-traded funds - SHYG.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while SYBK.DE is a High Yield Bonds fund tracking the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. Both are passively managed. Over the past 10 years, SHYG.L returned 3.56%/yr vs 5.75%/yr for SYBK.DE. At a 0.34 correlation, their price movements are largely independent. SHYG.L charges 0.50%/yr vs 0.30%/yr for SYBK.DE.
Performance
SHYG.L vs. SYBK.DE - Performance Comparison
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Different Trading Currencies
SHYG.L is traded in GBP, while SYBK.DE is traded in EUR. To make them comparable, the SYBK.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SHYG.L achieves a -2.59% return, which is significantly lower than SYBK.DE's 1.95% return. Over the past 10 years, SHYG.L has underperformed SYBK.DE with an annualized return of 3.56%, while SYBK.DE has yielded a comparatively higher 5.75% annualized return.
SHYG.L
- 1D
- 0.24%
- 1M
- 1.24%
- YTD
- -2.59%
- 6M
- -1.99%
- 1Y
- 0.73%
- 3Y*
- 4.65%
- 5Y*
- 1.78%
- 10Y*
- 3.56%
SYBK.DE
- 1D
- 0.17%
- 1M
- 1.29%
- YTD
- 1.95%
- 6M
- 1.15%
- 1Y
- 7.42%
- 3Y*
- 6.18%
- 5Y*
- 5.28%
- 10Y*
- 5.75%
SHYG.L vs. SYBK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | -2.59% | 7.69% | 0.97% | 9.31% | -4.42% | -3.69% | 6.60% | 4.45% | -2.62% | 8.25% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 1.95% | 0.81% | 10.86% | 6.56% | -0.15% | 5.81% | 0.92% | 6.71% | 5.80% | -3.77% |
Correlation
The correlation between SHYG.L and SYBK.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2013 | 0.34 |
The correlation between SHYG.L and SYBK.DE shifts across timeframes, from 0.17 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHYG.L vs. SYBK.DE — Risk / Return Rank
SHYG.L
SYBK.DE
SHYG.L vs. SYBK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) 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.
| SHYG.L | SYBK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.78 | -1.67 |
| Martin ratioReturn relative to average drawdown | 0.29 | 4.80 | -4.51 |
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
| SHYG.L | SYBK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 1.17 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 0.60 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.58 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.59 | -0.19 |
Drawdowns
SHYG.L vs. SYBK.DE - Drawdown Comparison
The maximum SHYG.L drawdown since its inception was -22.96%, which is greater than SYBK.DE's maximum drawdown of -14.35%. Use the drawdown chart below to compare losses from any high point for SHYG.L and SYBK.DE.
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Drawdown Indicators
| SHYG.L | SYBK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.96% | -14.35% | -8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.43% | -4.14% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.43% | -10.11% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.33% | -10.11% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -22.96% | -14.35% | -8.61% |
Current DrawdownCurrent decline from peak | -3.57% | -1.50% | -2.07% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -3.81% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.54% | +0.95% |
Volatility
SHYG.L vs. SYBK.DE - Volatility Comparison
The current volatility for iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) is 1.44%, while SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) has a volatility of 1.94%. This indicates that SHYG.L experiences smaller price fluctuations and is considered to be less risky than SYBK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHYG.L | SYBK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.94% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 4.92% | 4.65% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.28% | 6.34% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.15% | 8.65% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.69% | 9.80% | -1.11% |
SHYG.L vs. SYBK.DE - Expense Ratio Comparison
SHYG.L has a 0.50% expense ratio, which is higher than SYBK.DE's 0.30% expense ratio.
Dividends
SHYG.L vs. SYBK.DE - Dividend Comparison
SHYG.L has not paid dividends to shareholders, while SYBK.DE's dividend yield for the trailing twelve months is around 7.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.00% | 2.75% | 6.24% | 5.39% | 3.58% | 3.13% | 3.66% | 3.86% | 3.65% | 3.74% | 3.83% | 4.55% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 7.17% | 7.68% | 6.96% | 6.73% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
SHYG.L and SYBK.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.50% for SHYG.L.
SHYG.L is categorized as European High Yield Bonds, while SYBK.DE is High Yield Bonds. SHYG.L tracks Bloomberg Pan Euro HY Euro TR EUR, while SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. They also come from different issuers: iShares and State Street. Their fees differ too: 0.50% for SHYG.L and 0.30% for SYBK.DE.
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