SYBD.DE vs. SPYW.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SYBD.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond 0-3, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, SYBD.DE returned 0.86%/yr vs 6.79%/yr for SPYW.DE. At a 0.16 correlation, their price movements are largely independent. SYBD.DE charges 0.20%/yr vs 0.30%/yr for SPYW.DE.
Performance
SYBD.DE vs. SPYW.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 SPYW.DE's 5.36% return. Over the past 10 years, SYBD.DE has underperformed SPYW.DE with an annualized return of 0.86%, while SPYW.DE has yielded a comparatively higher 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -1.61%
- YTD
- 5.36%
- 6M
- 7.50%
- 1Y
- 7.59%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SYBD.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between SYBD.DE and SPYW.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2013 | 0.16 |
The correlation between SYBD.DE and SPYW.DE shifts across timeframes, from 0.16 (all time) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBD.DE vs. SPYW.DE — Risk / Return Rank
SYBD.DE
SPYW.DE
SYBD.DE vs. SPYW.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 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 0.98 | +1.02 |
| Martin ratioReturn relative to average drawdown | 7.77 | 3.14 | +4.63 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.74 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.60 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.45 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.53 | -0.21 |
Drawdowns
SYBD.DE vs. SPYW.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and SPYW.DE.
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Drawdown Indicators
| SYBD.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -38.68% | +29.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -7.99% | +7.07% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -11.64% | +9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -23.97% | +19.01% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -38.68% | +29.96% |
Current DrawdownCurrent decline from peak | -0.27% | -2.54% | +2.27% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -5.62% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 2.50% | -2.26% |
Volatility
SYBD.DE vs. SPYW.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) is 0.91%, while SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 2.92%. This indicates that SYBD.DE experiences smaller price fluctuations and is considered to be less risky than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 2.92% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 8.76% | -6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 10.65% | -8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 13.27% | -11.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 14.88% | -11.80% |
SYBD.DE vs. SPYW.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
SYBD.DE vs. SPYW.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, less than SPYW.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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 SPYW.DE have a correlation of 0.26, 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 0.30% for SPYW.DE.
SYBD.DE is categorized as European Corporate Bonds, while SPYW.DE is Europe Equities. SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.20% for SYBD.DE and 0.30% for SPYW.DE.
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