SYBD.DE vs. TCBT.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and TCBT.DE (VanEck iBoxx EUR Corporates UCITS ETF) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while TCBT.DE tracks the iBoxx® SD-KPI EUR Liquid Corporates. Both are passively managed. Over the past 5 years, SYBD.DE returned 1.59%/yr vs -0.18%/yr for TCBT.DE. At a 0.49 correlation, their price movements are largely independent. SYBD.DE charges 0.20%/yr vs 0.15%/yr for TCBT.DE.
Performance
SYBD.DE vs. TCBT.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 TCBT.DE's 0.36% 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%
TCBT.DE
- 1D
- -0.09%
- 1M
- -0.28%
- YTD
- 0.36%
- 6M
- 0.13%
- 1Y
- 1.72%
- 3Y*
- 3.98%
- 5Y*
- -0.18%
- 10Y*
- —
SYBD.DE vs. TCBT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 0.07% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 0.36% | 2.42% | 3.35% | 8.23% | -13.49% | -1.27% | 2.29% | 6.99% | 0.16% |
Correlation
The correlation between SYBD.DE and TCBT.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.49 |
The correlation between SYBD.DE and TCBT.DE shifts across timeframes, from 0.39 (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. TCBT.DE — Risk / Return Rank
SYBD.DE
TCBT.DE
SYBD.DE vs. TCBT.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 VanEck iBoxx EUR Corporates UCITS ETF (TCBT.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 | TCBT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.06 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 0.40 | +1.61 |
| Martin ratioReturn relative to average drawdown | 7.77 | 1.19 | +6.58 |
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 | TCBT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.30 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | -0.04 | +0.75 |
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 | 0.18 | +0.14 |
Drawdowns
SYBD.DE vs. TCBT.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, smaller than the maximum TCBT.DE drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and TCBT.DE.
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Drawdown Indicators
| SYBD.DE | TCBT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -16.90% | +8.18% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -3.39% | +2.47% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -3.39% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -16.88% | +11.92% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -2.09% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -5.10% | +4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 1.13% | -0.89% |
Volatility
SYBD.DE vs. TCBT.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) is 0.91%, while VanEck iBoxx EUR Corporates UCITS ETF (TCBT.DE) has a volatility of 1.20%. This indicates that SYBD.DE experiences smaller price fluctuations and is considered to be less risky than TCBT.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 | TCBT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 1.20% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 4.05% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 4.46% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 5.18% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 5.36% | -2.28% |
SYBD.DE vs. TCBT.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% expense ratio, which is higher than TCBT.DE's 0.15% 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. TCBT.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, more than TCBT.DE's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TCBT.DE VanEck iBoxx EUR Corporates UCITS ETF | 2.67% | 2.45% | 2.39% | 1.12% | 1.39% | 0.75% | 1.00% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBD.DE and TCBT.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TCBT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TCBT.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SYBD.DE.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while TCBT.DE tracks iBoxx® SD-KPI EUR Liquid Corporates. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.20% for SYBD.DE and 0.15% for TCBT.DE.
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