SYBD.DE vs. IE3E.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and IE3E.DE (iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while IE3E.DE tracks the Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. Both are passively managed. Over the past 3 years, SYBD.DE returned 3.69%/yr vs 3.74%/yr for IE3E.DE. A 0.56 correlation means they provide meaningful diversification when combined. SYBD.DE charges 0.20%/yr vs 0.12%/yr for IE3E.DE.
Performance
SYBD.DE vs. IE3E.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 higher than IE3E.DE's 0.48% 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%
IE3E.DE
- 1D
- 0.05%
- 1M
- 0.19%
- YTD
- 0.48%
- 6M
- 0.73%
- 1Y
- 1.92%
- 3Y*
- 3.74%
- 5Y*
- —
- 10Y*
- —
SYBD.DE vs. IE3E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.52% | 2.96% | 4.34% | 4.07% | -1.70% |
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc | 0.48% | 3.04% | 4.31% | 4.16% | -1.80% |
Correlation
The correlation between SYBD.DE and IE3E.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 30, 2022 | 0.56 |
Over the past year, the correlation between SYBD.DE and IE3E.DE has dropped to 0.33 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
SYBD.DE vs. IE3E.DE — Risk / Return Rank
SYBD.DE
IE3E.DE
SYBD.DE vs. IE3E.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 Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.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 | IE3E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.86 | +0.14 |
| Martin ratioReturn relative to average drawdown | 7.77 | 7.32 | +0.45 |
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 | IE3E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.25 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
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 | 1.57 | -1.24 |
Drawdowns
SYBD.DE vs. IE3E.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, which is greater than IE3E.DE's maximum drawdown of -3.12%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and IE3E.DE.
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Drawdown Indicators
| SYBD.DE | IE3E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -3.12% | -5.60% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -0.98% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -0.98% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | — | — |
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% | -0.55% | -0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.25% | -0.01% |
Volatility
SYBD.DE vs. IE3E.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 Corporate Bond 0-3yr ESG UCITS ETF EUR Acc (IE3E.DE) at 0.42%. This indicates that SYBD.DE's price experiences larger fluctuations and is considered to be riskier than IE3E.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 | IE3E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.42% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 1.31% | +0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 1.46% | +0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 1.59% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 1.59% | +1.49% |
SYBD.DE vs. IE3E.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% expense ratio, which is higher than IE3E.DE's 0.12% 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. IE3E.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, while IE3E.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE3E.DE iShares EUR Corporate Bond 0-3yr ESG UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 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 IE3E.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE3E.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE3E.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for SYBD.DE.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while IE3E.DE tracks Bloomberg MSCI Euro Corporate 0-3 Sustainable SRI. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SYBD.DE and 0.12% for IE3E.DE.
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