SYBD.DE vs. LDCE.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and LDCE.DE (PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while LDCE.DE tracks the PIMCO Low Duration Euro Corporate Bond. Both are passively managed. Over the past 10 years, SYBD.DE returned 0.86%/yr vs 1.27%/yr for LDCE.DE. At a 0.33 correlation, their price movements are largely independent. SYBD.DE charges 0.20%/yr vs 0.49%/yr for LDCE.DE.
Performance
SYBD.DE vs. LDCE.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 LDCE.DE's 0.33% return. Over the past 10 years, SYBD.DE has underperformed LDCE.DE with an annualized return of 0.86%, while LDCE.DE has yielded a comparatively higher 1.27% annualized 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%
LDCE.DE
- 1D
- 0.27%
- 1M
- 0.32%
- YTD
- 0.33%
- 6M
- 0.20%
- 1Y
- 2.24%
- 3Y*
- 4.78%
- 5Y*
- 1.27%
- 10Y*
- 1.27%
SYBD.DE vs. LDCE.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% |
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist | 0.33% | 4.19% | 4.68% | 6.54% | -8.43% | 0.32% | 1.14% | 2.80% | -0.73% | 0.97% |
Correlation
The correlation between SYBD.DE and LDCE.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2014 | 0.33 |
The correlation between SYBD.DE and LDCE.DE shifts across timeframes, from 0.25 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBD.DE vs. LDCE.DE — Risk / Return Rank
SYBD.DE
LDCE.DE
SYBD.DE vs. LDCE.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 PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.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 | LDCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 0.81 | +1.19 |
| Martin ratioReturn relative to average drawdown | 7.77 | 2.69 | +5.08 |
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 | LDCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.67 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.44 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.51 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.60 | -0.28 |
Drawdowns
SYBD.DE vs. LDCE.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, smaller than the maximum LDCE.DE drawdown of -11.07%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and LDCE.DE.
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Drawdown Indicators
| SYBD.DE | LDCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -11.07% | +2.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -2.63% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -2.63% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -11.07% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -11.07% | +2.35% |
Current DrawdownCurrent decline from peak | -0.27% | -0.77% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -1.75% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.79% | -0.55% |
Volatility
SYBD.DE vs. LDCE.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) is 0.91%, while PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist (LDCE.DE) has a volatility of 1.19%. This indicates that SYBD.DE experiences smaller price fluctuations and is considered to be less risky than LDCE.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 | LDCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.19% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.71% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 3.18% | -1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 2.88% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 2.45% | +0.63% |
SYBD.DE vs. LDCE.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% expense ratio, which is lower than LDCE.DE's 0.49% expense ratio.
Dividends
SYBD.DE vs. LDCE.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, less than LDCE.DE's 3.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDCE.DE PIMCO Euro Low Duration Corporate Bond UCITS ETF Dist | 3.37% | 3.22% | 2.73% | 1.72% | 0.94% | 0.51% | 0.51% | 0.63% | 0.65% | 0.71% | 0.95% | 0.93% |
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 LDCE.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBD.DE is cheaper with a 0.20% expense ratio, compared with 0.49% for LDCE.DE.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while LDCE.DE tracks PIMCO Low Duration Euro Corporate Bond. They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.20% for SYBD.DE and 0.49% for LDCE.DE.
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