SYBK.DE vs. AAAU
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and AAAU (Goldman Sachs Physical Gold ETF) are both exchange-traded funds - SYBK.DE is a High Yield Bonds fund tracking the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while AAAU is a Gold fund tracking the LBMA Gold PM Price. Both are passively managed. Over the past 5 years, SYBK.DE returned 5.13%/yr vs 19.70%/yr for AAAU. At a 0.06 correlation, their price movements are largely independent. SYBK.DE charges 0.30%/yr vs 0.18%/yr for AAAU.
Performance
SYBK.DE vs. AAAU - Performance Comparison
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Different Trading Currencies
SYBK.DE is traded in EUR, while AAAU is traded in USD. To make them comparable, the AAAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SYBK.DE achieves a 2.75% return, which is significantly lower than AAAU's 5.01% return.
SYBK.DE
- 1D
- 0.05%
- 1M
- 1.49%
- YTD
- 2.75%
- 6M
- 1.90%
- 1Y
- 4.67%
- 3Y*
- 6.03%
- 5Y*
- 5.13%
- 10Y*
- 4.73%
AAAU
- 1D
- 0.00%
- 1M
- -3.44%
- YTD
- 5.01%
- 6M
- 6.77%
- 1Y
- 31.32%
- 3Y*
- 27.85%
- 5Y*
- 19.70%
- 10Y*
- —
SYBK.DE vs. AAAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 2.75% | -4.18% | 15.91% | 8.73% | -5.33% | 13.84% | -4.47% | 12.57% | -3.89% |
AAAU Goldman Sachs Physical Gold ETF | 2.01% | 44.59% | 35.29% | 9.58% | 5.67% | 3.17% | 14.71% | 20.84% | 8.07% |
Correlation
The correlation between SYBK.DE and AAAU is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2018 | 0.06 |
The correlation between SYBK.DE and AAAU shifts across timeframes, from -0.11 (1 year) to 0.10 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBK.DE vs. AAAU — Risk / Return Rank
SYBK.DE
AAAU
SYBK.DE vs. AAAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) and Goldman Sachs Physical Gold ETF (AAAU). 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.
| SYBK.DE | AAAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.84 | -0.39 |
| Martin ratioReturn relative to average drawdown | 3.91 | 4.36 | -0.45 |
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
| SYBK.DE | AAAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.26 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.19 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.15 | -0.54 |
Drawdowns
SYBK.DE vs. AAAU - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, which is greater than AAAU's maximum drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and AAAU.
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Drawdown Indicators
| SYBK.DE | AAAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -18.54% | -1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -17.11% | +13.94% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -17.11% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -17.11% | +4.27% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | — | — |
Current DrawdownCurrent decline from peak | -4.42% | -15.47% | +11.05% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -5.27% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 7.21% | -6.04% |
Volatility
SYBK.DE vs. AAAU - Volatility Comparison
The current volatility for SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) is 1.31%, while Goldman Sachs Physical Gold ETF (AAAU) has a volatility of 3.74%. This indicates that SYBK.DE experiences smaller price fluctuations and is considered to be less risky than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBK.DE | AAAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 3.74% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 21.58% | -17.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 24.92% | -18.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 16.56% | -8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 15.81% | -7.37% |
SYBK.DE vs. AAAU - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Dividends
SYBK.DE vs. AAAU - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, while AAAU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAU Goldman Sachs Physical Gold 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% |
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 7.17% | 7.68% | 6.96% | 6.73% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
SYBK.DE and AAAU have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AAAU is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AAAU is cheaper with a 0.18% expense ratio, compared with 0.30% for SYBK.DE.
SYBK.DE is categorized as High Yield Bonds, while AAAU is Gold. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while AAAU tracks LBMA Gold PM Price. They also come from different issuers: State Street and Goldman Sachs. Their fees differ too: 0.30% for SYBK.DE and 0.18% for AAAU.
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