SYBC.DE vs. SPYM.DE
SYBC.DE (State Street SPDR Bloomberg Euro Corporate Bond UCITS ETF (Dist)) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SYBC.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SYBC.DE returned 0.78%/yr vs 8.60%/yr for SPYM.DE. At a 0.15 correlation, their price movements are largely independent. SYBC.DE charges 0.12%/yr vs 0.18%/yr for SPYM.DE.
Performance
SYBC.DE vs. SPYM.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 SPYM.DE's 21.77% return. Over the past 10 years, SYBC.DE has underperformed SPYM.DE with an annualized return of 0.78%, while SPYM.DE has yielded a comparatively higher 8.60% 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%
SPYM.DE
- 1D
- -1.39%
- 1M
- -5.08%
- 6M
- 12.97%
- YTD
- 21.77%
- 1Y
- 38.45%
- 3Y*
- 19.46%
- 5Y*
- 7.53%
- 10Y*
- 8.60%
SYBC.DE vs. SPYM.DE - 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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 21.77% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 22.31% | -11.26% | 19.74% |
Correlation
The correlation between SYBC.DE and SPYM.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 23, 2011 | 0.15 |
Over the past year, SYBC.DE and SPYM.DE have become more correlated (0.40) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
SYBC.DE vs. SPYM.DE — Risk / Return Rank
SYBC.DE
SPYM.DE
SYBC.DE vs. SPYM.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 Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.34 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 3.69 | -3.15 |
| Martin ratioReturn relative to average drawdown | 1.75 | 10.99 | -9.24 |
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Drawdowns
SYBC.DE vs. SPYM.DE - Drawdown Comparison
The maximum SYBC.DE drawdown since its inception was -17.59%, smaller than the maximum SPYM.DE drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for SYBC.DE and SPYM.DE.
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Drawdown Indicators
| SYBC.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.59% | -44.83% | +27.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -10.38% | +7.70% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | -18.95% | +16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -17.59% | -23.25% | +5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -17.59% | -31.69% | +14.10% |
Current DrawdownCurrent decline from peak | -1.42% | -9.45% | +8.03% |
Average DrawdownAverage peak-to-trough decline | -3.08% | -17.58% | +14.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.49% | -2.67% |
Volatility
SYBC.DE vs. SPYM.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 Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 8.56%. This indicates that SYBC.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 8.56% | -7.59% |
Volatility (6M)Calculated over the trailing 6-month period | 3.02% | 17.83% | -14.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 20.33% | -16.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 17.33% | -12.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 18.53% | -13.97% |
SYBC.DE vs. SPYM.DE - Expense Ratio Comparison
SYBC.DE has a 0.12% expense ratio, which is lower than SPYM.DE's 0.18% expense ratio. Despite the difference, 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. SPYM.DE - Dividend Comparison
SYBC.DE's dividend yield for the trailing twelve months is around 3.26%, while SPYM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets 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
SYBC.DE and SPYM.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBC.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBC.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for SPYM.DE.
SYBC.DE is categorized as European Corporate Bonds, while SPYM.DE is Emerging Markets Equities. SYBC.DE tracks Bloomberg Euro Corporate Bond Index, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.12% for SYBC.DE and 0.18% for SPYM.DE.
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