SYBD.DE vs. IBCS.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and IBCS.DE (iShares Euro Corporate Bond Large Cap UCITS ETF) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while IBCS.DE tracks the iBoxx® EUR Liquid Corporates Large Cap. Both are passively managed. Over the past 10 years, SYBD.DE returned 0.86%/yr vs 0.73%/yr for IBCS.DE. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SYBD.DE vs. IBCS.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 IBCS.DE's 0.64% return. Over the past 10 years, SYBD.DE has outperformed IBCS.DE with an annualized return of 0.86%, while IBCS.DE has yielded a comparatively lower 0.73% annualized return.
SYBD.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.52%
- 6M
- 0.73%
- 1Y
- 1.86%
- 3Y*
- 3.69%
- 5Y*
- 1.59%
- 10Y*
- 0.86%
IBCS.DE
- 1D
- 0.12%
- 1M
- 0.70%
- YTD
- 0.64%
- 6M
- 0.33%
- 1Y
- 1.73%
- 3Y*
- 4.29%
- 5Y*
- -0.27%
- 10Y*
- 0.73%
SYBD.DE vs. IBCS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -0.65% | 0.08% |
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 0.64% | 2.84% | 3.66% | 7.36% | -14.02% | -1.42% | 2.71% | 6.17% | -1.32% | 1.59% |
Correlation
The correlation between SYBD.DE and IBCS.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2013 | 0.40 |
The correlation between SYBD.DE and IBCS.DE shifts across timeframes, from 0.35 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBD.DE vs. IBCS.DE — Risk / Return Rank
SYBD.DE
IBCS.DE
SYBD.DE vs. IBCS.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 Euro Corporate Bond Large Cap UCITS ETF (IBCS.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 | IBCS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 0.62 | +1.38 |
| Martin ratioReturn relative to average drawdown | 7.77 | 2.13 | +5.64 |
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 | IBCS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.51 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.06 | +0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.16 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.16 | +0.16 |
Drawdowns
SYBD.DE vs. IBCS.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, smaller than the maximum IBCS.DE drawdown of -31.12%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and IBCS.DE.
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Drawdown Indicators
| SYBD.DE | IBCS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -31.12% | +22.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -2.79% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -2.79% | +1.03% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -17.87% | +12.91% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -17.87% | +9.15% |
Current DrawdownCurrent decline from peak | -0.27% | -2.79% | +2.52% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -8.35% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.81% | -0.57% |
Volatility
SYBD.DE vs. IBCS.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) is 0.91%, while iShares Euro Corporate Bond Large Cap UCITS ETF (IBCS.DE) has a volatility of 1.18%. This indicates that SYBD.DE experiences smaller price fluctuations and is considered to be less risky than IBCS.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 | IBCS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.18% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.88% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 3.38% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 4.74% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 4.47% | -1.39% |
SYBD.DE vs. IBCS.DE - Expense Ratio Comparison
Both SYBD.DE and IBCS.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. IBCS.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, less than IBCS.DE's 3.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCS.DE iShares Euro Corporate Bond Large Cap UCITS ETF | 3.07% | 3.03% | 2.74% | 2.31% | 1.05% | 0.73% | 0.85% | 0.99% | 1.10% | 1.09% | 1.27% | 1.57% |
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 IBCS.DE have a correlation of 0.35, 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 IBCS.DE have the same expense ratio: 0.20% per year.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while IBCS.DE tracks iBoxx® EUR Liquid Corporates Large Cap. They also come from different issuers: State Street and iShares.
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