SYBD.DE vs. ZPRX.DE
SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SYBD.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond 0-3, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SYBD.DE returned 0.86%/yr vs 8.15%/yr for ZPRX.DE. At a 0.17 correlation, their price movements are largely independent. SYBD.DE charges 0.20%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SYBD.DE vs. ZPRX.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 ZPRX.DE's 7.81% return. Over the past 10 years, SYBD.DE has underperformed ZPRX.DE with an annualized return of 0.86%, while ZPRX.DE has yielded a comparatively higher 8.15% 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%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 1.27%
- YTD
- 7.81%
- 6M
- 10.93%
- 1Y
- 17.80%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
SYBD.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between SYBD.DE and ZPRX.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.17 |
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Return for Risk
SYBD.DE vs. ZPRX.DE — Risk / Return Rank
SYBD.DE
ZPRX.DE
SYBD.DE vs. ZPRX.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 MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.47 | +0.53 |
| Martin ratioReturn relative to average drawdown | 7.77 | 5.42 | +2.34 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.23 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.46 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.45 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.39 | -0.07 |
Drawdowns
SYBD.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SYBD.DE drawdown since its inception was -8.72%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SYBD.DE and ZPRX.DE.
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Drawdown Indicators
| SYBD.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.72% | -43.93% | +35.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.92% | -11.63% | +10.71% |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | -15.95% | +14.19% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -27.52% | +22.56% |
Max Drawdown (10Y)Largest decline over 10 years | -8.72% | -43.93% | +35.21% |
Current DrawdownCurrent decline from peak | -0.27% | -1.51% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -0.72% | -7.71% | +6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 3.16% | -2.92% |
Volatility
SYBD.DE vs. ZPRX.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) is 0.91%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that SYBD.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.91% | 4.17% | -3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 11.30% | -9.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.16% | 13.94% | -11.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.19% | 16.69% | -14.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.08% | 18.14% | -15.06% |
SYBD.DE vs. ZPRX.DE - Expense Ratio Comparison
SYBD.DE has a 0.20% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SYBD.DE vs. ZPRX.DE - Dividend Comparison
SYBD.DE's dividend yield for the trailing twelve months is around 2.96%, while ZPRX.DE has not paid dividends to shareholders.
| 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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBD.DE and ZPRX.DE have a correlation of 0.27, 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 ZPRX.DE.
SYBD.DE is categorized as European Corporate Bonds, while ZPRX.DE is Europe Equities. SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.20% for SYBD.DE and 0.30% for ZPRX.DE.
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