SYBD.DE vs. ASR3.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and ASR3.DE (BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while ASR3.DE tracks the Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. Both are passively managed. Over the past 5 years, SYBD.DE returned 1.59%/yr vs 1.32%/yr for ASR3.DE. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SYBD.DE vs. ASR3.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SYBD.DE at 0.52% and ASR3.DE at 0.52%.
SYBD.DE
- 1D
- 0.02%
- 1M
- 0.10%
- YTD
- 0.52%
- 6M
- 0.64%
- 1Y
- 1.91%
- 3Y*
- 3.69%
- 5Y*
- 1.59%
- 10Y*
- 0.86%
ASR3.DE
- 1D
- 0.21%
- 1M
- 0.26%
- YTD
- 0.52%
- 6M
- 0.64%
- 1Y
- 1.93%
- 3Y*
- 3.90%
- 5Y*
- 1.32%
- 10Y*
- —
SYBD.DE vs. ASR3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.52% | 2.96% | 4.34% | 4.07% | -3.54% | -0.12% | 0.15% | 0.04% |
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 0.52% | 2.90% | 4.41% | 4.76% | -5.36% | -0.22% | 0.46% | 0.11% |
Correlation
The correlation between SYBD.DE and ASR3.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.44 |
The correlation between SYBD.DE and ASR3.DE shifts across timeframes, from 0.32 (1 year) to 0.48 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBD.DE vs. ASR3.DE — Risk / Return Rank
SYBD.DE
ASR3.DE
SYBD.DE vs. ASR3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) and BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.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.
| SYBD.DE | ASR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.29 | +0.71 |
| Martin ratioReturn relative to average drawdown | 7.77 | 4.87 | +2.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SYBD.DE | ASR3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.00 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.62 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.48 | -0.16 |
Drawdowns
SYBD.DE vs. ASR3.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, which is greater than ASR3.DE's maximum drawdown of -6.86%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and ASR3.DE.
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Drawdown Indicators
| SYBD.DE | ASR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -6.86% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -1.38% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -1.38% | -0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -6.86% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.08% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -1.54% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.37% | -0.13% |
Volatility
SYBD.DE vs. ASR3.DE - Volatility Comparison
SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) has a higher volatility of 0.91% compared to BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF (ASR3.DE) at 0.56%. This indicates that SYBD.DE's price experiences larger fluctuations and is considered to be riskier than ASR3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBD.DE | ASR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.56% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.55% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 1.78% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 2.09% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 2.26% | +0.82% |
SYBD.DE vs. ASR3.DE - Expense Ratio Comparison
Both SYBD.DE and ASR3.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYBD.DE vs. ASR3.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, more than ASR3.DE's 1.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASR3.DE BNP Paribas Easy EUR Corporate Bond SRI PAB 1-3Y UCITS ETF | 1.98% | 2.97% | 3.58% | 0.93% | 1.02% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.24% | 0.25% | 0.11% | 0.28% | 0.50% | 0.72% |
Frequently Asked Questions
SYBD.DE and ASR3.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBD.DE and ASR3.DE have the same expense ratio: 0.20% per year.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while ASR3.DE tracks Bloomberg MSCI 1-3Y Euro Corporate SRI Sustainable Select Ex Fossil Fuel PAB. They also come from different issuers: State Street and BNP Paribas.
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