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SYBJ.DE vs. DJMC.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SYBJ.DE vs. DJMC.AS

Last updated Jun 5, 2026

SYBJ.DE (SPDR Bloomberg Euro High Yield Bond UCITS ETF) and DJMC.AS (iShares EURO STOXX Mid UCITS ETF) are both exchange-traded funds - SYBJ.DE is a European High Yield Bonds fund tracking the Bloomberg Liquidity Screened Euro High Yield Bond, while DJMC.AS is a Europe Equities fund tracking the MSCI EMU SMID NR EUR. Both are passively managed. Over the past 10 years, SYBJ.DE returned 3.11%/yr vs 8.74%/yr for DJMC.AS. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

SYBJ.DE vs. DJMC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) and iShares EURO STOXX Mid UCITS ETF (DJMC.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SYBJ.DE achieves a 1.02% return, which is significantly lower than DJMC.AS's 7.72% return. Over the past 10 years, SYBJ.DE has underperformed DJMC.AS with an annualized return of 3.11%, while DJMC.AS has yielded a comparatively higher 8.74% annualized return.

SYBJ.DE

1D
-0.19%
1M
1.00%
YTD
1.02%
6M
1.61%
1Y
3.38%
3Y*
6.65%
5Y*
2.51%
10Y*
3.11%

DJMC.AS

1D
0.36%
1M
2.25%
YTD
7.72%
6M
10.94%
1Y
15.09%
3Y*
14.15%
5Y*
7.11%
10Y*
8.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBJ.DE vs. DJMC.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SYBJ.DE
SPDR Bloomberg Euro High Yield Bond UCITS ETF		1.02%5.26%5.78%11.83%-10.75%2.92%1.94%10.36%-4.24%4.89%
DJMC.AS
iShares EURO STOXX Mid UCITS ETF		7.72%24.35%8.45%10.46%-14.94%16.39%2.11%23.40%-11.44%18.28%

Correlation

The correlation between SYBJ.DE and DJMC.AS is 0.55, 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

0.55

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (10Y)
Calculated over the trailing 10-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Feb 8, 2012

0.57

The correlation between SYBJ.DE and DJMC.AS has been stable across timeframes, ranging from 0.55 to 0.65 - a consistent structural relationship.

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SPDR Bloomberg Euro High Yield Bond UCITS ETF

iShares EURO STOXX Mid UCITS ETF

Often compared with SYBJ.DE:
SYBJ.DE vs. SHYG.LSYBJ.DE vs. XHY1.DESYBJ.DE vs. AHYE.DESYBJ.DE vs. LYQY.DESYBJ.DE vs. EUHI.DESYBJ.DE vs. EH1Y.DESYBJ.DE vs. JNK
Often compared with DJMC.AS:
DJMC.AS vs. IEFV.LDJMC.AS vs. TEET.ASDJMC.AS vs. IDJG.ASDJMC.AS vs. IAEX.ASDJMC.AS vs. IMEU.ASDJMC.AS vs. VEUR.ASDJMC.AS vs. ICHN.AS

Return for Risk

SYBJ.DE vs. DJMC.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SYBJ.DE
SYBJ.DE Risk / Return Rank: 2525
Overall Rank
SYBJ.DE Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
SYBJ.DE Sortino Ratio Rank: 2424
Sortino Ratio Rank
SYBJ.DE Omega Ratio Rank: 2424
Omega Ratio Rank
SYBJ.DE Calmar Ratio Rank: 2424
Calmar Ratio Rank
SYBJ.DE Martin Ratio Rank: 3030
Martin Ratio Rank
DJMC.AS
DJMC.AS Risk / Return Rank: 3636
Overall Rank
DJMC.AS Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
DJMC.AS Sortino Ratio Rank: 3333
Sortino Ratio Rank
DJMC.AS Omega Ratio Rank: 3535
Omega Ratio Rank
DJMC.AS Calmar Ratio Rank: 3939
Calmar Ratio Rank
DJMC.AS Martin Ratio Rank: 3939
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SYBJ.DE vs. DJMC.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) and iShares EURO STOXX Mid UCITS ETF (DJMC.AS). 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.

SYBJ.DEDJMC.ASDifference
Sharpe ratioReturn per unit of total volatility
0.79
1.24

-0.45

Sortino ratioReturn per unit of downside risk
1.27
1.74

-0.47

Omega ratioGain probability vs. loss probability

1.16

1.23

-0.07

Calmar ratioReturn relative to maximum drawdown

1.06

1.85

-0.80

Martin ratioReturn relative to average drawdown

4.18

6.10

-1.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYBJ.DE vs. DJMC.AS - Sharpe Ratio Comparison

The current SYBJ.DE Sharpe Ratio is 0.79, which is lower than the DJMC.AS Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of SYBJ.DE and DJMC.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SYBJ.DEDJMC.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.79

1.24

-0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.46

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.53

-0.09

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.39

+0.30

Drawdowns

SYBJ.DE vs. DJMC.AS - Drawdown Comparison

The maximum SYBJ.DE drawdown since its inception was -25.59%, smaller than the maximum DJMC.AS drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for SYBJ.DE and DJMC.AS.

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Drawdown Indicators

SYBJ.DEDJMC.ASDifference

Max Drawdown

Largest peak-to-trough decline

-25.59%

-59.52%

+33.93%

Max Drawdown (1Y)

Largest decline over 1 year

-3.19%

-8.07%

+4.88%

Max Drawdown (3Y)

Largest decline over 3 years

-4.19%

-14.36%

+10.17%

Max Drawdown (5Y)

Largest decline over 5 years

-16.31%

-27.41%

+11.10%

Max Drawdown (10Y)

Largest decline over 10 years

-25.59%

-39.05%

+13.46%

Current Drawdown

Current decline from peak

-0.35%

-1.50%

+1.15%

Average Drawdown

Average peak-to-trough decline

-2.26%

-13.20%

+10.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.81%

2.46%

-1.65%

Volatility

SYBJ.DE vs. DJMC.AS - Volatility Comparison

The current volatility for SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) is 1.34%, while iShares EURO STOXX Mid UCITS ETF (DJMC.AS) has a volatility of 3.00%. This indicates that SYBJ.DE experiences smaller price fluctuations and is considered to be less risky than DJMC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SYBJ.DEDJMC.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.34%

3.00%

-1.66%

Volatility (6M)

Calculated over the trailing 6-month period

3.82%

9.81%

-5.99%

Volatility (1Y)

Calculated over the trailing 1-year period

4.27%

12.09%

-7.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.98%

15.53%

-9.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.98%

16.49%

-9.51%

SYBJ.DE vs. DJMC.AS - Expense Ratio Comparison

Both SYBJ.DE and DJMC.AS have an expense ratio of 0.40%.

Dividends

SYBJ.DE vs. DJMC.AS - Dividend Comparison

SYBJ.DE's dividend yield for the trailing twelve months is around 5.34%, more than DJMC.AS's 2.94% yield.

PositionTTM20252024202320222021202020192018201720162015
DJMC.AS
iShares EURO STOXX Mid UCITS ETF		2.94%3.20%3.37%2.55%2.40%1.76%1.45%2.55%2.97%2.18%2.22%2.03%
SYBJ.DE
SPDR Bloomberg Euro High Yield Bond UCITS ETF		5.34%5.47%5.86%4.96%3.48%2.91%3.14%3.08%2.86%3.57%3.57%3.91%

Frequently Asked Questions

SYBJ.DE and DJMC.AS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

SYBJ.DE and DJMC.AS have the same expense ratio: 0.40% per year.

SYBJ.DE is categorized as European High Yield Bonds, while DJMC.AS is Europe Equities. SYBJ.DE tracks Bloomberg Liquidity Screened Euro High Yield Bond, while DJMC.AS tracks MSCI EMU SMID NR EUR. They also come from different issuers: State Street and iShares.

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