SYBJ.DE vs. SPYW.DE
SYBJ.DE (SPDR Bloomberg Euro High Yield Bond UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SYBJ.DE is a European High Yield Bonds fund tracking the Bloomberg Liquidity Screened Euro High Yield Bond, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, SYBJ.DE returned 3.11%/yr vs 6.79%/yr for SPYW.DE. A 0.55 correlation means they provide meaningful diversification when combined. SYBJ.DE charges 0.40%/yr vs 0.30%/yr for SPYW.DE.
Performance
SYBJ.DE vs. SPYW.DE - Performance Comparison
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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 SPYW.DE's 5.36% return. Over the past 10 years, SYBJ.DE has underperformed SPYW.DE with an annualized return of 3.11%, while SPYW.DE has yielded a comparatively higher 6.79% annualized return.
SYBJ.DE
- 1D
- -0.19%
- 1M
- 0.36%
- YTD
- 1.02%
- 6M
- 1.62%
- 1Y
- 3.60%
- 3Y*
- 6.65%
- 5Y*
- 2.51%
- 10Y*
- 3.11%
SPYW.DE
- 1D
- 0.09%
- 1M
- -1.61%
- YTD
- 5.36%
- 6M
- 7.50%
- 1Y
- 7.59%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SYBJ.DE vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between SYBJ.DE and SPYW.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.55 |
The correlation between SYBJ.DE and SPYW.DE shifts across timeframes, from 0.49 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBJ.DE vs. SPYW.DE — Risk / Return Rank
SYBJ.DE
SPYW.DE
SYBJ.DE vs. SPYW.DE - 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 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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.
| SYBJ.DE | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.14 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.98 | +0.07 |
| Martin ratioReturn relative to average drawdown | 4.18 | 3.14 | +1.04 |
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
| SYBJ.DE | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.74 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.60 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.45 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.53 | +0.16 |
Drawdowns
SYBJ.DE vs. SPYW.DE - Drawdown Comparison
The maximum SYBJ.DE drawdown since its inception was -25.59%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SYBJ.DE and SPYW.DE.
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Drawdown Indicators
| SYBJ.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.59% | -38.68% | +13.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.19% | -7.99% | +4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -4.19% | -11.64% | +7.45% |
Max Drawdown (5Y)Largest decline over 5 years | -16.31% | -23.97% | +7.66% |
Max Drawdown (10Y)Largest decline over 10 years | -25.59% | -38.68% | +13.09% |
Current DrawdownCurrent decline from peak | -0.35% | -2.54% | +2.19% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -5.62% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.81% | 2.50% | -1.69% |
Volatility
SYBJ.DE vs. SPYW.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Euro High Yield Bond UCITS ETF (SYBJ.DE) is 1.34%, while SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 2.92%. This indicates that SYBJ.DE experiences smaller price fluctuations and is considered to be less risky than SPYW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBJ.DE | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.92% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 3.82% | 8.76% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 10.65% | -6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 13.27% | -7.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.98% | 14.88% | -7.90% |
SYBJ.DE vs. SPYW.DE - Expense Ratio Comparison
SYBJ.DE has a 0.40% expense ratio, which is higher than SPYW.DE's 0.30% expense ratio.
Dividends
SYBJ.DE vs. SPYW.DE - Dividend Comparison
SYBJ.DE's dividend yield for the trailing twelve months is around 5.34%, more than SPYW.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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 SPYW.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for SYBJ.DE.
SYBJ.DE is categorized as European High Yield Bonds, while SPYW.DE is Europe Equities. SYBJ.DE tracks Bloomberg Liquidity Screened Euro High Yield Bond, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.40% for SYBJ.DE and 0.30% for SPYW.DE.
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