SYBC.DE vs. CU31.L
SYBC.DE (State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist)) and CU31.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - SYBC.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while CU31.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, SYBC.DE returned 0.78%/yr vs 1.42%/yr for CU31.L. At a 0.07 correlation, their price movements are largely independent. SYBC.DE charges 0.12%/yr vs 0.07%/yr for CU31.L.
Performance
SYBC.DE vs. CU31.L - Performance Comparison
Loading charts...
Different Trading Currencies
SYBC.DE is traded in EUR, while CU31.L is traded in GBp. To make them comparable, the CU31.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SYBC.DE achieves a 0.57% return, which is significantly lower than CU31.L's 3.36% return. Over the past 10 years, SYBC.DE has underperformed CU31.L with an annualized return of 0.78%, while CU31.L has yielded a comparatively higher 1.42% annualized return.
SYBC.DE
- 1D
- -0.02%
- 1M
- -0.52%
- 6M
- 0.07%
- YTD
- 0.57%
- 1Y
- 1.43%
- 3Y*
- 4.47%
- 5Y*
- -0.15%
- 10Y*
- 0.78%
CU31.L
- 1D
- -0.26%
- 1M
- 1.55%
- 6M
- 2.31%
- YTD
- 3.36%
- 1Y
- 5.23%
- 3Y*
- 3.64%
- 5Y*
- 2.57%
- 10Y*
- 1.42%
SYBC.DE vs. CU31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBC.DE State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) | 0.57% | 3.07% | 4.28% | 7.58% | -13.73% | -1.04% | 2.62% | 6.34% | -1.54% | 2.10% |
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 3.36% | -7.09% | 10.92% | 0.51% | 2.14% | 7.15% | -5.81% | 6.67% | 5.93% | -12.29% |
Correlation
The correlation between SYBC.DE and CU31.L is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 23, 2011 | 0.07 |
The correlation between SYBC.DE and CU31.L shifts across timeframes, from -0.18 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SYBC.DE vs. CU31.L — Risk / Return Rank
SYBC.DE
CU31.L
SYBC.DE vs. CU31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) (SYBC.DE) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L). 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.
| SYBC.DE | CU31.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.16 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 1.50 | -0.97 |
| Martin ratioReturn relative to average drawdown | 1.75 | 3.75 | -2.00 |
Loading charts...
Drawdowns
SYBC.DE vs. CU31.L - Drawdown Comparison
The maximum SYBC.DE drawdown since its inception was -17.59%, smaller than the maximum CU31.L drawdown of -20.25%. Use the drawdown chart below to compare losses from any high point for SYBC.DE and CU31.L.
Loading charts...
Drawdown Indicators
| SYBC.DE | CU31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.59% | -20.25% | +2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -3.46% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -20.25% | +17.57% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -20.25% | +2.66% |
Max Drawdown (10Y)Largest decline over 10 years | -17.59% | -20.25% | +2.66% |
Current DrawdownCurrent decline from peak | -1.42% | -14.51% | +13.09% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -7.84% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.38% | -0.56% |
Volatility
SYBC.DE vs. CU31.L - Volatility Comparison
The current volatility for State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) (SYBC.DE) is 0.97%, while iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) has a volatility of 1.35%. This indicates that SYBC.DE experiences smaller price fluctuations and is considered to be less risky than CU31.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBC.DE | CU31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.35% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 4.15% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 5.79% | -2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 16.03% | -11.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 12.53% | -7.97% |
SYBC.DE vs. CU31.L - Expense Ratio Comparison
SYBC.DE has a 0.12% expense ratio, which is higher than CU31.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYBC.DE vs. CU31.L - Dividend Comparison
SYBC.DE's dividend yield for the trailing twelve months is around 3.26%, while CU31.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (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% |
SYBC.DE State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) | 3.26% | 3.25% | 3.08% | 2.13% | 0.96% | 0.89% | 0.86% | 0.92% | 0.89% | 1.21% | 1.36% | 1.71% |
Frequently Asked Questions
SYBC.DE and CU31.L have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU31.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU31.L is cheaper with a 0.07% expense ratio, compared with 0.12% for SYBC.DE.
SYBC.DE is categorized as European Corporate Bonds, while CU31.L is Government Bonds. SYBC.DE tracks Bloomberg Euro Corporate Bond Index, while CU31.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SYBC.DE and 0.07% for CU31.L.
Find the right allocation for SYBC.DE and CU31.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer