SYBD.DE vs. UEF6.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and UEF6.DE (UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist) are both European Corporate Bonds funds - SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3 while UEF6.DE tracks the Bloomberg Euro Area Liquid Corporates 1-5. Both are passively managed. Over the past 10 years, SYBD.DE returned 0.91%/yr vs 1.07%/yr for UEF6.DE. At a 0.36 correlation, their price movements are largely independent. SYBD.DE charges 0.20%/yr vs 0.16%/yr for UEF6.DE.
Performance
SYBD.DE vs. UEF6.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with SYBD.DE at 0.84% and UEF6.DE at 0.84%. Over the past 10 years, SYBD.DE has underperformed UEF6.DE with an annualized return of 0.91%, while UEF6.DE has yielded a comparatively higher 1.07% annualized return.
SYBD.DE
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 0.84%
- 6M
- 1.41%
- 1Y
- 2.10%
- 3Y*
- 3.81%
- 5Y*
- 1.67%
- 10Y*
- 0.91%
UEF6.DE
- 1D
- 0.08%
- 1M
- 0.53%
- YTD
- 0.84%
- 6M
- 1.00%
- 1Y
- 2.23%
- 3Y*
- 4.67%
- 5Y*
- 1.14%
- 10Y*
- 1.07%
SYBD.DE vs. UEF6.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 | 0.84% | 2.97% | 4.35% | 4.07% | -3.54% | -0.13% | 0.14% | 0.87% | -0.65% | 0.08% |
UEF6.DE UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist | 0.84% | 3.56% | 4.56% | 5.89% | -8.21% | -0.11% | 0.79% | 3.07% | -1.08% | 1.35% |
Correlation
The correlation between SYBD.DE and UEF6.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 30, 2014 | 0.36 |
The correlation between SYBD.DE and UEF6.DE shifts across timeframes, from 0.30 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBD.DE vs. UEF6.DE — Risk / Return Rank
SYBD.DE
UEF6.DE
SYBD.DE vs. UEF6.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 UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist (UEF6.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBD.DE | UEF6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.13 | +1.11 |
| Martin ratioReturn relative to average drawdown | 8.47 | 4.05 | +4.42 |
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Drawdowns
SYBD.DE vs. UEF6.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.77%, smaller than the maximum UEF6.DE drawdown of -10.88%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and UEF6.DE.
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Drawdown Indicators
| SYBD.DE | UEF6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.77% | -10.88% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -0.93% | -1.97% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -0.93% | -1.97% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -4.98% | -10.88% | +5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -8.77% | -10.88% | +2.11% |
Current DrawdownCurrent decline from peak | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.71% | -1.72% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 0.55% | -0.30% |
Volatility
SYBD.DE vs. UEF6.DE - Volatility Comparison
SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) has a higher volatility of 0.82% compared to UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist (UEF6.DE) at 0.52%. This indicates that SYBD.DE's price experiences larger fluctuations and is considered to be riskier than UEF6.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 | UEF6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.52% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.13% | 1.77% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.26% | 2.00% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 2.95% | -0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.01% | 3.04% | -0.03% |
SYBD.DE vs. UEF6.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% expense ratio, which is higher than UEF6.DE's 0.16% 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. UEF6.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.95%, less than UEF6.DE's 3.27% 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 | 2.95% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.24% | 0.17% | 0.11% | 0.28% | 0.50% | 0.72% |
UEF6.DE UBS ETF (LU) Bloomberg Euro Area Liquid Corporates 1-5 Year UCITS ETF (EUR) Dist | 3.27% | 3.56% | 2.52% | 1.54% | 0.44% | 0.54% | 0.56% | 0.60% | 0.69% | 0.46% | 0.72% | 0.74% |
Frequently Asked Questions
SYBD.DE and UEF6.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEF6.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEF6.DE is cheaper with a 0.16% expense ratio, compared with 0.20% for SYBD.DE.
SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while UEF6.DE tracks Bloomberg Euro Area Liquid Corporates 1-5. They also come from different issuers: State Street and UBS. Their fees differ too: 0.20% for SYBD.DE and 0.16% for UEF6.DE.
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