SYBC.DE vs. EFRN.DE
SYBC.DE (State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist)) and EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - SYBC.DE tracks the Bloomberg Euro Corporate Bond Index while EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, SYBC.DE returned -0.15%/yr vs 2.43%/yr for EFRN.DE. At a 0.04 correlation, their price movements are largely independent. SYBC.DE charges 0.12%/yr vs 0.10%/yr for EFRN.DE.
Performance
SYBC.DE vs. EFRN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBC.DE achieves a 0.57% return, which is significantly lower than EFRN.DE's 1.42% 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%
EFRN.DE
- 1D
- 0.20%
- 1M
- 0.40%
- 6M
- 1.42%
- YTD
- 1.42%
- 1Y
- 2.72%
- 3Y*
- 3.68%
- 5Y*
- 2.43%
- 10Y*
- —
SYBC.DE vs. EFRN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -0.79% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 1.42% | 2.91% | 4.29% | 4.00% | -0.00% | -0.20% | 0.00% | 1.01% | -0.80% |
Correlation
The correlation between SYBC.DE and EFRN.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 | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2018 | 0.04 |
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Return for Risk
SYBC.DE vs. EFRN.DE — Risk / Return Rank
SYBC.DE
EFRN.DE
SYBC.DE vs. EFRN.DE - 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 EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.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.
| SYBC.DE | EFRN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.49 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 7.30 | -6.77 |
| Martin ratioReturn relative to average drawdown | 1.75 | 28.16 | -26.41 |
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Drawdowns
SYBC.DE vs. EFRN.DE - Drawdown Comparison
The maximum SYBC.DE drawdown since its inception was -17.59%, which is greater than EFRN.DE's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for SYBC.DE and EFRN.DE.
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Drawdown Indicators
| SYBC.DE | EFRN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.59% | -5.58% | -12.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -0.37% | -2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -0.39% | -2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -1.20% | -16.39% |
Max Drawdown (10Y)Largest decline over 10 years | -17.59% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | 0.00% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -0.29% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.10% | +0.72% |
Volatility
SYBC.DE vs. EFRN.DE - Volatility Comparison
State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) (SYBC.DE) has a higher volatility of 0.97% compared to iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) at 0.49%. This indicates that SYBC.DE's price experiences larger fluctuations and is considered to be riskier than EFRN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBC.DE | EFRN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 0.49% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 1.13% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 1.63% | +1.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 1.46% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 1.71% | +2.85% |
SYBC.DE vs. EFRN.DE - Expense Ratio Comparison
SYBC.DE has a 0.12% expense ratio, which is higher than EFRN.DE's 0.10% 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. EFRN.DE - Dividend Comparison
SYBC.DE's dividend yield for the trailing twelve months is around 3.26%, more than EFRN.DE's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 2.48% | 2.88% | 4.22% | 2.93% | 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 EFRN.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, EFRN.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRN.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for SYBC.DE.
SYBC.DE tracks Bloomberg Euro Corporate Bond Index, while EFRN.DE tracks Bloomberg Euro Agg Corp 1-3 Yr TR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SYBC.DE and 0.10% for EFRN.DE.
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