SYBD.DE vs. PRAC.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and PRAC.DE (Invesco Preferred Shares UCITS ETF A) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while PRAC.DE tracks the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past 5 years, SYBD.DE returned 1.59%/yr vs -0.04%/yr for PRAC.DE. At a 0.49 correlation, their price movements are largely independent. SYBD.DE charges 0.20%/yr vs 0.50%/yr for PRAC.DE.
Performance
SYBD.DE vs. PRAC.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 PRAC.DE's 0.60% 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%
PRAC.DE
- 1D
- 0.12%
- 1M
- 0.31%
- YTD
- 0.60%
- 6M
- 0.63%
- 1Y
- 2.36%
- 3Y*
- 4.57%
- 5Y*
- -0.04%
- 10Y*
- —
SYBD.DE vs. PRAC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.52% | 2.96% | 4.34% | 4.07% | -3.54% | -0.12% | 0.14% |
PRAC.DE Invesco Preferred Shares UCITS ETF A | 0.60% | 3.03% | 4.31% | 7.53% | -13.95% | -1.04% | 1.51% |
Correlation
The correlation between SYBD.DE and PRAC.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2020 | 0.49 |
The correlation between SYBD.DE and PRAC.DE has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
SYBD.DE vs. PRAC.DE — Risk / Return Rank
SYBD.DE
PRAC.DE
SYBD.DE vs. PRAC.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 Invesco Preferred Shares UCITS ETF A (PRAC.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 | PRAC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.12 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 0.76 | +1.25 |
| Martin ratioReturn relative to average drawdown | 7.77 | 2.65 | +5.12 |
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 | PRAC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.63 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.01 | +0.73 |
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 | 0.02 | +0.31 |
Drawdowns
SYBD.DE vs. PRAC.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, smaller than the maximum PRAC.DE drawdown of -17.86%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and PRAC.DE.
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Drawdown Indicators
| SYBD.DE | PRAC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -17.86% | +9.14% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -2.70% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -2.70% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -17.86% | +12.90% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -1.69% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -6.27% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 0.78% | -0.54% |
Volatility
SYBD.DE vs. PRAC.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) is 0.91%, while Invesco Preferred Shares UCITS ETF A (PRAC.DE) has a volatility of 0.99%. This indicates that SYBD.DE experiences smaller price fluctuations and is considered to be less risky than PRAC.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 | PRAC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 0.99% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 2.77% | -0.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 3.26% | -1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 4.55% | -2.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 4.73% | -1.65% |
SYBD.DE vs. PRAC.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% expense ratio, which is lower than PRAC.DE's 0.50% expense ratio.
Dividends
SYBD.DE vs. PRAC.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, while PRAC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRAC.DE Invesco Preferred Shares UCITS ETF A | 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 PRAC.DE have a correlation of 0.45, 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 0.50% for PRAC.DE.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while PRAC.DE tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.20% for SYBD.DE and 0.50% for PRAC.DE.
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