SYBF.DE vs. STHY.L
SYBF.DE (SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF) and STHY.L (PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income) are both exchange-traded funds - SYBF.DE is a Corporate Bonds fund tracking the Bloomberg US Corporate 0-3, while STHY.L is a High Yield Bonds fund tracking the ICE BofA 0-5 Year US High Yield Constrained Index. Both are passively managed. Over the past 10 years, SYBF.DE returned 2.25%/yr vs 5.10%/yr for STHY.L. A 0.59 correlation means they provide meaningful diversification when combined. SYBF.DE charges 0.12%/yr vs 0.55%/yr for STHY.L.
Performance
SYBF.DE vs. STHY.L - Performance Comparison
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Different Trading Currencies
SYBF.DE is traded in EUR, while STHY.L is traded in USD. To make them comparable, the STHY.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SYBF.DE having a 4.33% return and STHY.L slightly higher at 4.48%. Over the past 10 years, SYBF.DE has underperformed STHY.L with an annualized return of 2.25%, while STHY.L has yielded a comparatively higher 5.10% annualized return.
SYBF.DE
- 1D
- 0.07%
- 1M
- 1.86%
- 6M
- 4.21%
- YTD
- 4.33%
- 1Y
- 7.10%
- 3Y*
- 3.63%
- 5Y*
- 3.73%
- 10Y*
- 2.25%
STHY.L
- 1D
- 0.02%
- 1M
- 1.67%
- 6M
- 3.98%
- YTD
- 4.48%
- 1Y
- 8.88%
- 3Y*
- 6.70%
- 5Y*
- 5.82%
- 10Y*
- 5.10%
SYBF.DE vs. STHY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.33% | -6.20% | 11.43% | 1.73% | 3.87% | 8.26% | -6.08% | 7.11% | 6.39% | -11.09% |
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 4.48% | -4.28% | 15.59% | 8.31% | 1.08% | 12.18% | -4.69% | 12.58% | 4.02% | -7.51% |
Correlation
The correlation between SYBF.DE and STHY.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2013 | 0.59 |
The correlation between SYBF.DE and STHY.L has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
SYBF.DE vs. STHY.L — Risk / Return Rank
SYBF.DE
STHY.L
SYBF.DE vs. STHY.L - 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 PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L). 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.
| SYBF.DE | STHY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.49 | -0.27 |
| Martin ratioReturn relative to average drawdown | 5.58 | 8.32 | -2.74 |
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Drawdowns
SYBF.DE vs. STHY.L - Drawdown Comparison
The maximum SYBF.DE drawdown since its inception was -28.15%, which is greater than STHY.L's maximum drawdown of -21.32%. Use the drawdown chart below to compare losses from any high point for SYBF.DE and STHY.L.
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Drawdown Indicators
| SYBF.DE | STHY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.15% | -21.32% | -6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -3.56% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.86% | -12.38% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -11.57% | -12.38% | +0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -19.82% | -21.32% | +1.50% |
Current DrawdownCurrent decline from peak | -4.39% | -1.85% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -8.92% | -4.18% | -4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.27% | 1.06% | +0.21% |
Volatility
SYBF.DE vs. STHY.L - Volatility Comparison
The current volatility for SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF (SYBF.DE) is 1.53%, while PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income (STHY.L) has a volatility of 1.65%. This indicates that SYBF.DE experiences smaller price fluctuations and is considered to be less risky than STHY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBF.DE | STHY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 1.65% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 4.06% | 4.64% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.72% | 6.39% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 7.89% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.66% | 8.59% | +2.07% |
SYBF.DE vs. STHY.L - Expense Ratio Comparison
SYBF.DE has a 0.12% expense ratio, which is lower than STHY.L's 0.55% expense ratio.
Dividends
SYBF.DE vs. STHY.L - Dividend Comparison
SYBF.DE's dividend yield for the trailing twelve months is around 4.51%, less than STHY.L's 6.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
STHY.L PIMCO US Short-Term High Yield Corporate Bond Index UCITS ETF Income | 6.96% | 7.17% | 7.60% | 6.36% | 4.97% | 4.58% | 4.89% | 5.10% | 5.32% | 5.21% | 5.39% | 5.29% |
SYBF.DE SPDR Bloomberg 0-3 Year US Corporate Bond UCITS ETF | 4.51% | 5.03% | 4.10% | 3.10% | 1.21% | 1.74% | 2.86% | 2.43% | 1.68% | 1.77% | 1.36% | 1.02% |
Frequently Asked Questions
SYBF.DE and STHY.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBF.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBF.DE is cheaper with a 0.12% expense ratio, compared with 0.55% for STHY.L.
SYBF.DE is categorized as Corporate Bonds, while STHY.L is High Yield Bonds. SYBF.DE tracks Bloomberg US Corporate 0-3, while STHY.L tracks ICE BofA 0-5 Year US High Yield Constrained Index. They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.12% for SYBF.DE and 0.55% for STHY.L.
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