SYBK.DE vs. ENEL.MI
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) is High Yield Bonds fund tracking the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while ENEL.MI (Enel SpA) is a stock. Over the past 10 years, SYBK.DE returned 4.73%/yr vs 14.44%/yr for ENEL.MI. At a 0.15 correlation, their price movements are largely independent.
Performance
SYBK.DE vs. ENEL.MI - Performance Comparison
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Returns By Period
In the year-to-date period, SYBK.DE achieves a 2.75% return, which is significantly lower than ENEL.MI's 10.47% return. Over the past 10 years, SYBK.DE has underperformed ENEL.MI with an annualized return of 4.73%, while ENEL.MI has yielded a comparatively higher 14.44% annualized 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%
ENEL.MI
- 1D
- 0.92%
- 1M
- -2.83%
- YTD
- 10.47%
- 6M
- 11.78%
- 1Y
- 26.46%
- 3Y*
- 24.29%
- 5Y*
- 10.49%
- 10Y*
- 14.44%
SYBK.DE vs. ENEL.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 4.33% | -7.71% |
ENEL.MI Enel SpA | 10.47% | 37.33% | 9.21% | 43.23% | -23.69% | -11.12% | 21.93% | 47.28% | 0.56% | 25.73% |
Correlation
The correlation between SYBK.DE and ENEL.MI is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2013 | 0.15 |
The correlation between SYBK.DE and ENEL.MI shifts across timeframes, from -0.05 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBK.DE vs. ENEL.MI — Risk / Return Rank
SYBK.DE
ENEL.MI
SYBK.DE vs. ENEL.MI - 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 Enel SpA (ENEL.MI). 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 | ENEL.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 2.30 | -0.86 |
| Martin ratioReturn relative to average drawdown | 3.91 | 6.96 | -3.05 |
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 | ENEL.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.33 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.49 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.63 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.30 | +0.32 |
Drawdowns
SYBK.DE vs. ENEL.MI - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, smaller than the maximum ENEL.MI drawdown of -58.83%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and ENEL.MI.
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Drawdown Indicators
| SYBK.DE | ENEL.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -58.83% | +39.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -11.06% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -13.49% | +0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -47.05% | +34.21% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -50.08% | +30.37% |
Current DrawdownCurrent decline from peak | -4.42% | -6.15% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -16.50% | +12.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 3.66% | -2.49% |
Volatility
SYBK.DE vs. ENEL.MI - 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 Enel SpA (ENEL.MI) has a volatility of 5.95%. This indicates that SYBK.DE experiences smaller price fluctuations and is considered to be less risky than ENEL.MI 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 | ENEL.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 5.95% | -4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 17.22% | -13.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 19.19% | -13.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 21.07% | -12.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 22.80% | -14.36% |
Dividends
SYBK.DE vs. ENEL.MI - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, more than ENEL.MI's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENEL.MI Enel SpA | 5.07% | 5.29% | 6.24% | 5.94% | 7.55% | 5.08% | 3.96% | 3.96% | 2.36% | 2.14% | 1.91% | 2.31% |
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 ENEL.MI have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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