SYBC.DE vs. SPPW.DE

Last updated Jul 17, 2026

SYBC.DE (State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist)) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SYBC.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while SPPW.DE is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SYBC.DE returned -0.15%/yr vs 12.45%/yr for SPPW.DE. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.12% expense ratio.

Performance

SYBC.DE vs. SPPW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) (SYBC.DE) and SPDR MSCI World UCITS ETF (SPPW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYBC.DE achieves a 0.57% return, which is significantly lower than SPPW.DE's 12.92% 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%

SPPW.DE

• 1D: -0.02%
• 1M: 1.70%
• 6M: 9.85%
• YTD: 12.92%
• 1Y: 25.75%
• 3Y*: 18.32%
• 5Y*: 12.45%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBC.DE vs. SPPW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
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%	4.23%
SPPW.DE SPDR MSCI World UCITS ETF	12.92%	8.04%	26.10%	20.24%	-13.28%	32.64%	5.29%	3.00%

Correlation

The correlation between SYBC.DE and SPPW.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019	0.28

The correlation between SYBC.DE and SPPW.DE shifts across timeframes, from 0.27 (5 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SYBC.DE vs. SPPW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYBC.DE

SYBC.DE Risk / Return Rank: 17
SYBC.DE Sharpe Ratio Rank: 17
SYBC.DE Sortino Ratio Rank: 15
SYBC.DE Omega Ratio Rank: 15
SYBC.DE Calmar Ratio Rank: 17
SYBC.DE Martin Ratio Rank: 20

SPPW.DE

SPPW.DE Risk / Return Rank: 88
SPPW.DE Sharpe Ratio Rank: 88
SPPW.DE Sortino Ratio Rank: 87
SPPW.DE Omega Ratio Rank: 88
SPPW.DE Calmar Ratio Rank: 87
SPPW.DE Martin Ratio Rank: 89

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.

SYBC.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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	SPPW.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.43	2.30	-1.87
Sortino ratio: Return per unit of downside risk	0.64	3.20	-2.56
Omega ratio: Gain probability vs. loss probability	1.08	1.43	-0.35
Calmar ratio: Return relative to maximum drawdown	0.53	3.93	-3.40
Martin ratio: Return relative to average drawdown	1.75	15.66	-13.90

SYBC.DE vs. SPPW.DE - Sharpe Ratio Comparison

The current SYBC.DE Sharpe Ratio is 0.43, which is lower than the SPPW.DE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SYBC.DE and SPPW.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.

Drawdowns

SYBC.DE vs. SPPW.DE - Drawdown Comparison

The maximum SYBC.DE drawdown since its inception was -17.59%, smaller than the maximum SPPW.DE drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for SYBC.DE and SPPW.DE.

Drawdown Indicators

	SYBC.DE	SPPW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.59%	-33.70%	+16.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.68%	-6.52%	+3.84%
Max Drawdown (3Y) Largest decline over 3 years	-2.68%	-21.62%	+18.94%
Max Drawdown (5Y) Largest decline over 5 years	-17.59%	-21.62%	+4.03%
Max Drawdown (10Y) Largest decline over 10 years	-17.59%	—	—
Current Drawdown Current decline from peak	-1.42%	-0.02%	-1.40%
Average Drawdown Average peak-to-trough decline	-3.08%	-4.86%	+1.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	1.64%	-0.82%

Volatility

SYBC.DE vs. SPPW.DE - Volatility Comparison

The current volatility for State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist) (SYBC.DE) is 0.97%, while SPDR MSCI World UCITS ETF (SPPW.DE) has a volatility of 2.40%. This indicates that SYBC.DE experiences smaller price fluctuations and is considered to be less risky than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBC.DE	SPPW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.97%	2.40%	-1.43%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	7.89%	-4.87%
Volatility (1Y) Calculated over the trailing 1-year period	3.34%	11.27%	-7.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.42%	14.07%	-9.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.56%	16.57%	-12.01%

SYBC.DE vs. SPPW.DE - Expense Ratio Comparison

Both SYBC.DE and SPPW.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SYBC.DE vs. SPPW.DE - Dividend Comparison

SYBC.DE's dividend yield for the trailing twelve months is around 3.26%, while SPPW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPPW.DE SPDR MSCI World UCITS ETF	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

Can I hold both SYBC.DE and SPPW.DE in my portfolio?

SYBC.DE and SPPW.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYBC.DE or SPPW.DE?

Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYBC.DE or SPPW.DE?

SYBC.DE and SPPW.DE have the same expense ratio: 0.12% per year.

What is the main difference between SYBC.DE and SPPW.DE?

SYBC.DE is categorized as European Corporate Bonds, while SPPW.DE is Global Equities. SYBC.DE tracks Bloomberg Euro Corporate Bond Index, while SPPW.DE tracks MSCI World Index.