STHY.L vs. SYBF.DE
STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) and SYBF.DE (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) are both exchange-traded funds - STHY.L is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained Index, while SYBF.DE is a Corporate Bonds fund tracking the Bloomberg US Corporate 0-3. Both are passively managed. Over the past 10 years, STHY.L returned 5.59%/yr vs 2.62%/yr for SYBF.DE. At a correlation of -0.01, they often move in opposite directions. STHY.L charges 0.55%/yr vs 0.12%/yr for SYBF.DE.
Performance
STHY.L vs. SYBF.DE - Performance Comparison
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Different Trading Currencies
STHY.L is traded in USD, while SYBF.DE is traded in EUR. To make them comparable, the SYBF.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, STHY.L achieves a 1.93% return, which is significantly higher than SYBF.DE's 1.52% return. Over the past 10 years, STHY.L has outperformed SYBF.DE with an annualized return of 5.59%, while SYBF.DE has yielded a comparatively lower 2.62% annualized return.
STHY.L
- 1D
- 0.37%
- 1M
- 0.73%
- YTD
- 1.93%
- 6M
- 2.03%
- 1Y
- 6.82%
- 3Y*
- 8.92%
- 5Y*
- 5.19%
- 10Y*
- 5.59%
SYBF.DE
- 1D
- 0.07%
- 1M
- 0.37%
- YTD
- 1.52%
- 6M
- 1.48%
- 1Y
- 3.90%
- 3Y*
- 5.30%
- 5Y*
- 3.01%
- 10Y*
- 2.62%
STHY.L vs. SYBF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 1.93% | 8.60% | 8.43% | 11.65% | -4.82% | 4.37% | 3.87% | 10.09% | -0.64% | 5.45% |
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 1.52% | 5.89% | 5.06% | 4.95% | -1.85% | -0.28% | 3.10% | 4.85% | 1.39% | 1.48% |
Correlation
The correlation between STHY.L and SYBF.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | -0.01 |
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Return for Risk
STHY.L vs. SYBF.DE — Risk / Return Rank
STHY.L
SYBF.DE
STHY.L vs. SYBF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) and SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SYBF.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.
| STHY.L | SYBF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 3.52 | +0.35 |
| Martin ratioReturn relative to average drawdown | 15.21 | 12.84 | +2.38 |
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Drawdowns
STHY.L vs. SYBF.DE - Drawdown Comparison
The maximum STHY.L drawdown since its inception was -21.74%, smaller than the maximum SYBF.DE drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for STHY.L and SYBF.DE.
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Drawdown Indicators
| STHY.L | SYBF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.74% | -28.62% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -1.75% | -1.23% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -4.67% | -2.00% | -2.67% |
Max Drawdown (5Y)Largest decline over 5 years | -9.55% | -4.91% | -4.64% |
Max Drawdown (10Y)Largest decline over 10 years | -21.74% | -12.98% | -8.76% |
Current DrawdownCurrent decline from peak | 0.00% | -4.90% | +4.90% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -20.30% | +18.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.34% | +0.11% |
Volatility
STHY.L vs. SYBF.DE - Volatility Comparison
The current volatility for PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) is 0.75%, while SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SYBF.DE) has a volatility of 1.47%. This indicates that STHY.L experiences smaller price fluctuations and is considered to be less risky than SYBF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| STHY.L | SYBF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 1.47% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.84% | 3.15% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 4.21% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 4.34% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 9.21% | -2.93% |
STHY.L vs. SYBF.DE - Expense Ratio Comparison
STHY.L has a 0.55% expense ratio, which is higher than SYBF.DE's 0.12% expense ratio.
Dividends
STHY.L vs. SYBF.DE - Dividend Comparison
STHY.L's dividend yield for the trailing twelve months is around 6.95%, more than SYBF.DE's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 6.95% | 7.17% | 7.60% | 6.36% | 4.97% | 4.58% | 4.89% | 5.10% | 5.32% | 5.21% | 5.39% | 5.29% |
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.48% | 5.03% | 4.10% | 3.10% | 1.21% | 1.74% | 2.86% | 2.43% | 1.68% | 1.77% | 1.36% | 1.02% |
Frequently Asked Questions
STHY.L and SYBF.DE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBF.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBF.DE is cheaper with a 0.12% expense ratio, compared with 0.55% for STHY.L.
STHY.L is categorized as High Yield Bonds, while SYBF.DE is Corporate Bonds. STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index, while SYBF.DE tracks Bloomberg US Corporate 0-3. They also come from different issuers: PIMCO and State Street. Their fees differ too: 0.55% for STHY.L and 0.12% for SYBF.DE.
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