SYBF.DE vs. PUIG.DE
SYBF.DE (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and PUIG.DE (Invesco USD Corporate Bond UCITS ETF Dist) are both Corporate Bonds funds - SYBF.DE tracks the Bloomberg US Corporate 0-3 while PUIG.DE tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, SYBF.DE returned 3.53%/yr vs 1.11%/yr for PUIG.DE. A 0.65 correlation means they provide meaningful diversification when combined. SYBF.DE charges 0.12%/yr vs 0.10%/yr for PUIG.DE.
Performance
SYBF.DE vs. PUIG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBF.DE achieves a 2.45% return, which is significantly higher than PUIG.DE's 1.26% return.
SYBF.DE
- 1D
- 0.01%
- 1M
- 1.44%
- YTD
- 2.45%
- 6M
- 1.78%
- 1Y
- 2.82%
- 3Y*
- 1.98%
- 5Y*
- 3.53%
- 10Y*
- 2.03%
PUIG.DE
- 1D
- 0.15%
- 1M
- 1.15%
- YTD
- 1.26%
- 6M
- 0.39%
- 1Y
- 3.02%
- 3Y*
- 1.82%
- 5Y*
- 1.11%
- 10Y*
- —
SYBF.DE vs. PUIG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 2.45% | -6.53% | 10.76% | 1.27% | 3.69% | 7.97% | -6.46% | -0.63% |
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 1.26% | -4.57% | 7.59% | 4.08% | -10.14% | 6.62% | -0.40% | -0.90% |
Correlation
The correlation between SYBF.DE and PUIG.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.65 |
The correlation between SYBF.DE and PUIG.DE has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.
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Return for Risk
SYBF.DE vs. PUIG.DE — Risk / Return Rank
SYBF.DE
PUIG.DE
SYBF.DE vs. PUIG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SYBF.DE) and Invesco USD Corporate Bond UCITS ETF Dist (PUIG.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.
| SYBF.DE | PUIG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.08 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.70 | +0.12 |
| Martin ratioReturn relative to average drawdown | 1.83 | 1.81 | +0.02 |
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
| SYBF.DE | PUIG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 0.44 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.13 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.04 | +0.36 |
Drawdowns
SYBF.DE vs. PUIG.DE - Drawdown Comparison
The maximum SYBF.DE drawdown since its inception was -16.13%, which is greater than PUIG.DE's maximum drawdown of -14.30%. Use the drawdown chart below to compare losses from any high point for SYBF.DE and PUIG.DE.
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Drawdown Indicators
| SYBF.DE | PUIG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.13% | -14.30% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.62% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | -11.19% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -11.75% | -13.35% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -16.13% | — | — |
Current DrawdownCurrent decline from peak | -6.45% | -5.91% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -6.03% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 1.40% | +0.02% |
Volatility
SYBF.DE vs. PUIG.DE - Volatility Comparison
SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SYBF.DE) and Invesco USD Corporate Bond UCITS ETF Dist (PUIG.DE) have volatilities of 1.03% and 1.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBF.DE | PUIG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.02% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.96% | 3.99% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 5.77% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.29% | 8.38% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.33% | 9.07% | -1.74% |
SYBF.DE vs. PUIG.DE - Expense Ratio Comparison
SYBF.DE has a 0.12% expense ratio, which is higher than PUIG.DE's 0.10% 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
SYBF.DE vs. PUIG.DE - Dividend Comparison
SYBF.DE's dividend yield for the trailing twelve months is around 4.59%, more than PUIG.DE's 4.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUIG.DE Invesco USD Corporate Bond UCITS ETF Dist | 4.21% | 4.32% | 4.29% | 3.82% | 2.83% | 1.91% | 2.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.59% | 4.66% | 3.52% | 2.64% | 1.03% | 1.48% | 2.43% | 2.07% | 1.43% | 1.51% | 1.16% | 0.87% |
Frequently Asked Questions
SYBF.DE and PUIG.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PUIG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PUIG.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for SYBF.DE.
SYBF.DE tracks Bloomberg US Corporate 0-3, while PUIG.DE tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.12% for SYBF.DE and 0.10% for PUIG.DE.
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