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SYBA.DE vs. CBU2.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SYBA.DE vs. CBU2.DE

Last updated Jul 4, 2026
See Documentation

SYBA.DE (State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist)) and CBU2.DE (iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)) are both Total Bond Market funds - SYBA.DE tracks the Bloomberg Euro Aggregate Bond Index while CBU2.DE tracks the Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index. Both are passively managed. Over the past 3 years, SYBA.DE returned 3.22%/yr vs 3.16%/yr for CBU2.DE. Their correlation of 0.83 suggests significant overlap in exposure.

Performance

SYBA.DE vs. CBU2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.DE) and iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SYBA.DE achieves a 1.02% return, which is significantly lower than CBU2.DE's 1.10% return.

SYBA.DE

1D
-0.38%
1M
0.85%
6M
1.50%
YTD
1.02%
1Y
1.13%
3Y*
3.22%
5Y*
-1.70%
10Y*
-0.24%

CBU2.DE

1D
-0.18%
1M
0.73%
6M
1.10%
YTD
1.10%
1Y
1.10%
3Y*
3.16%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBA.DE vs. CBU2.DE - Yearly Performance Comparison

2026 (YTD)202520242023
SYBA.DE
State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist)		1.02%1.25%2.04%5.77%
CBU2.DE
iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)		1.10%0.93%2.28%7.33%

Correlation

The correlation between SYBA.DE and CBU2.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.82

Correlation (All Time)
Calculated using the full available price history since Apr 28, 2023

0.83

The correlation between SYBA.DE and CBU2.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.

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State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist)

iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc)

Return for Risk

SYBA.DE vs. CBU2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SYBA.DE
SYBA.DE Risk / Return Rank: 1313
Overall Rank
SYBA.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
SYBA.DE Sortino Ratio Rank: 1111
Sortino Ratio Rank
SYBA.DE Omega Ratio Rank: 1111
Omega Ratio Rank
SYBA.DE Calmar Ratio Rank: 1313
Calmar Ratio Rank
SYBA.DE Martin Ratio Rank: 1414
Martin Ratio Rank
CBU2.DE
CBU2.DE Risk / Return Rank: 1212
Overall Rank
CBU2.DE Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
CBU2.DE Sortino Ratio Rank: 1111
Sortino Ratio Rank
CBU2.DE Omega Ratio Rank: 1111
Omega Ratio Rank
CBU2.DE Calmar Ratio Rank: 1313
Calmar Ratio Rank
CBU2.DE Martin Ratio Rank: 1313
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SYBA.DE vs. CBU2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.DE) and iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.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.

SYBA.DECBU2.DEDifference
Sharpe ratioReturn per unit of total volatility
0.28
0.27

+0.01

Sortino ratioReturn per unit of downside risk
0.43
0.42

0.00

Omega ratioGain probability vs. loss probability

1.05

1.05

0.00

Calmar ratioReturn relative to maximum drawdown

0.35

0.36

-0.01

Martin ratioReturn relative to average drawdown

0.94

0.93

+0.01

SYBA.DE vs. CBU2.DE - Sharpe Ratio Comparison

The current SYBA.DE Sharpe Ratio is 0.28, which is comparable to the CBU2.DE Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of SYBA.DE and CBU2.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SYBA.DE vs. CBU2.DE - Drawdown Comparison

The maximum SYBA.DE drawdown since its inception was -20.58%, which is greater than CBU2.DE's maximum drawdown of -3.29%. Use the drawdown chart below to compare losses from any high point for SYBA.DE and CBU2.DE.

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Drawdown Indicators

SYBA.DECBU2.DEDifference

Max Drawdown

Largest peak-to-trough decline

-20.58%

-3.29%

-17.29%

Max Drawdown (1Y)

Largest decline over 1 year

-3.27%

-3.06%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-3.41%

-3.29%

-0.12%

Max Drawdown (5Y)

Largest decline over 5 years

-19.92%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-20.58%

—

—

Current Drawdown

Current decline from peak

-10.55%

-0.90%

-9.65%

Average Drawdown

Average peak-to-trough decline

-5.21%

-1.15%

-4.06%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.20%

1.18%

+0.02%

Volatility

SYBA.DE vs. CBU2.DE - Volatility Comparison

State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist) (SYBA.DE) has a higher volatility of 1.44% compared to iShares € Aggregate Bond ESG SRI UCITS ETF EUR (Acc) (CBU2.DE) at 0.90%. This indicates that SYBA.DE's price experiences larger fluctuations and is considered to be riskier than CBU2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SYBA.DECBU2.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.44%

0.90%

+0.54%

Volatility (6M)

Calculated over the trailing 6-month period

3.52%

3.43%

+0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

4.11%

4.07%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.79%

4.86%

+0.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.97%

4.86%

+0.11%

Dividends

SYBA.DE vs. CBU2.DE - Dividend Comparison

SYBA.DE's dividend yield for the trailing twelve months is around 2.26%, while CBU2.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CBU2.DE
iShares € Aggregate Bond ESG SRI 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%
SYBA.DE
State Street SPDR Bloomberg Euro Aggregate Bond UCITS ETF (Dist)		2.26%2.14%1.73%1.01%0.42%0.43%0.55%0.58%0.56%0.57%0.85%1.58%

Frequently Asked Questions

SYBA.DE and CBU2.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SYBA.DE tracks Bloomberg Euro Aggregate Bond Index, while CBU2.DE tracks Bloomberg MSCI Euro Aggregate Sustainable and Green Bond SRI Index. They also come from different issuers: State Street and iShares.

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