SYBK.DE vs. BNDW
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and BNDW (Vanguard Total World Bond 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 BNDW is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted Composite Index. Both are passively managed. Over the past 5 years, SYBK.DE returned 5.13%/yr vs 1.18%/yr for BNDW. A 0.56 correlation means they provide meaningful diversification when combined. SYBK.DE charges 0.30%/yr vs 0.05%/yr for BNDW.
Performance
SYBK.DE vs. BNDW - Performance Comparison
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Different Trading Currencies
SYBK.DE is traded in EUR, while BNDW is traded in USD. To make them comparable, the BNDW 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 higher than BNDW's 1.68% 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%
BNDW
- 1D
- 0.00%
- 1M
- 1.13%
- YTD
- 1.68%
- 6M
- 0.82%
- 1Y
- 2.02%
- 3Y*
- 1.21%
- 5Y*
- 1.18%
- 10Y*
- —
SYBK.DE vs. BNDW - 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% | -1.72% |
BNDW Vanguard Total World Bond ETF | 2.21% | -7.44% | 9.18% | 3.97% | -7.48% | 5.23% | -2.54% | 10.82% | 2.61% |
Correlation
The correlation between SYBK.DE and BNDW is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.56 |
The correlation between SYBK.DE and BNDW has been stable across timeframes, ranging from 0.56 to 0.66 - a consistent structural relationship.
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Return for Risk
SYBK.DE vs. BNDW — Risk / Return Rank
SYBK.DE
BNDW
SYBK.DE vs. BNDW - 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 Vanguard Total World Bond ETF (BNDW). 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 | BNDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.07 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.46 | +0.99 |
| Martin ratioReturn relative to average drawdown | 3.91 | 1.25 | +2.65 |
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 | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.35 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.15 | +0.47 |
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 | 0.24 | +0.38 |
Drawdowns
SYBK.DE vs. BNDW - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, which is greater than BNDW's maximum drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and BNDW.
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Drawdown Indicators
| SYBK.DE | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -13.02% | -6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -4.45% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -11.33% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -12.17% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | — | — |
Current DrawdownCurrent decline from peak | -4.42% | -7.54% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -5.77% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.62% | -0.45% |
Volatility
SYBK.DE vs. BNDW - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) has a higher volatility of 1.31% compared to Vanguard Total World Bond ETF (BNDW) at 0.94%. This indicates that SYBK.DE's price experiences larger fluctuations and is considered to be riskier than BNDW 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 | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.94% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.18% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 5.83% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 8.06% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 7.83% | +0.61% |
SYBK.DE vs. BNDW - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is higher than BNDW's 0.05% expense ratio.
Dividends
SYBK.DE vs. BNDW - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, more than BNDW's 4.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BNDW Vanguard Total World Bond ETF | 4.22% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 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 BNDW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDW is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDW is cheaper with a 0.05% expense ratio, compared with 0.30% for SYBK.DE.
SYBK.DE is categorized as High Yield Bonds, while BNDW is Global Bonds. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while BNDW tracks Bloomberg Global Aggregate Float Adjusted Composite Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.30% for SYBK.DE and 0.05% for BNDW.
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