SYBD.DE vs. EFRN.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and EFRN.DE (iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist)) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while EFRN.DE tracks the Bloomberg Euro Agg Corp 1-3 Yr TR EUR. Both are passively managed. Over the past 5 years, SYBD.DE returned 1.59%/yr vs 2.35%/yr for EFRN.DE. At a 0.09 correlation, their price movements are largely independent. SYBD.DE charges 0.20%/yr vs 0.10%/yr for EFRN.DE.
Performance
SYBD.DE vs. EFRN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBD.DE achieves a 0.52% return, which is significantly lower than EFRN.DE's 0.87% return.
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%
EFRN.DE
- 1D
- 0.05%
- 1M
- 0.17%
- YTD
- 0.87%
- 6M
- 1.29%
- 1Y
- 2.55%
- 3Y*
- 3.61%
- 5Y*
- 2.35%
- 10Y*
- —
SYBD.DE vs. EFRN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.94% | -0.51% |
EFRN.DE iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) | 0.87% | 2.94% | 4.31% | 3.97% | -0.03% | -0.22% | -0.04% | 1.18% | -0.78% |
Correlation
The correlation between SYBD.DE and EFRN.DE is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2018 | 0.09 |
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Return for Risk
SYBD.DE vs. EFRN.DE — Risk / Return Rank
SYBD.DE
EFRN.DE
SYBD.DE vs. EFRN.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 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.
| SYBD.DE | EFRN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.55 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 8.25 | -6.24 |
| Martin ratioReturn relative to average drawdown | 7.77 | 32.61 | -24.84 |
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 | EFRN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.58 | -1.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 2.35 | -1.63 |
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 | 1.12 | -0.80 |
Drawdowns
SYBD.DE vs. EFRN.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, which is greater than EFRN.DE's maximum drawdown of -5.68%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and EFRN.DE.
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Drawdown Indicators
| SYBD.DE | EFRN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -5.68% | -3.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -0.31% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -0.48% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -1.13% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.01% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -0.33% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.08% | +0.16% |
Volatility
SYBD.DE vs. EFRN.DE - Volatility Comparison
SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) has a higher volatility of 0.91% compared to iShares EUR Floating Rate Bond ESG UCITS ETF EUR (Dist) (EFRN.DE) at 0.34%. This indicates that SYBD.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
| SYBD.DE | EFRN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.34% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 0.80% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 0.98% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 0.99% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 1.35% | +1.73% |
SYBD.DE vs. EFRN.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% 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
SYBD.DE vs. EFRN.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, more than EFRN.DE's 2.50% 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) | 2.50% | 2.88% | 4.22% | 2.93% | 0.00% | 0.00% | 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 EFRN.DE have a correlation of 0.04, 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 0.20% for SYBD.DE.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, 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: 0.20% for SYBD.DE and 0.10% for EFRN.DE.
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