SYBK.DE vs. GB1E.DE

Last updated Apr 3, 2026

Compare and contrast key facts about SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE).

SYBK.DE and GB1E.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SYBK.DE is a passively managed fund by State Street that tracks the performance of the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select. It was launched on Sep 19, 2013. GB1E.DE is a passively managed fund by Invesco that tracks the performance of the Bloomberg MSCI Global High Yield Liquid Corporate Climate Transition ESG Bond Index. It was launched on Apr 12, 2023. Both SYBK.DE and GB1E.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SYBK.DE vs. GB1E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) and Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE). The values are adjusted to include any dividend payments, if applicable.

SYBK.DE vs. GB1E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)	1.48%	-4.18%	15.91%	7.01%
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc	-0.84%	5.84%	5.89%	6.21%

Returns By Period

In the year-to-date period, SYBK.DE achieves a 1.48% return, which is significantly higher than GB1E.DE's -0.84% return.

SYBK.DE

• 1D: 0.87%
• 1M: -0.30%
• YTD: 1.48%
• 6M: 1.49%
• 1Y: -0.19%
• 3Y*: 6.32%
• 5Y*: 4.42%
• 10Y*: 5.05%

GB1E.DE

• 1D: 0.49%
• 1M: -0.79%
• YTD: -0.84%
• 6M: -0.21%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBK.DE vs. GB1E.DE - Expense Ratio Comparison

Both SYBK.DE and GB1E.DE have an expense ratio of 0.30%.

SYBK.DE

SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)

GB1E.DE

Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc

Return for Risk

SYBK.DE vs. GB1E.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYBK.DE

SYBK.DE Risk / Return Rank: 14
SYBK.DE Sharpe Ratio Rank: 11
SYBK.DE Sortino Ratio Rank: 10
SYBK.DE Omega Ratio Rank: 10
SYBK.DE Calmar Ratio Rank: 21
SYBK.DE Martin Ratio Rank: 20

GB1E.DE

GB1E.DE Risk / Return Rank: 46
GB1E.DE Sharpe Ratio Rank: 43
GB1E.DE Sortino Ratio Rank: 39
GB1E.DE Omega Ratio Rank: 41
GB1E.DE Calmar Ratio Rank: 48
GB1E.DE Martin Ratio Rank: 56

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.

SYBK.DE vs. GB1E.DE - 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 Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.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.

	SYBK.DE	GB1E.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.02	0.86	-0.88
Sortino ratio Return per unit of downside risk	0.03	1.20	-1.17
Omega ratio Gain probability vs. loss probability	1.00	1.18	-0.17
Calmar ratio Return relative to maximum drawdown	0.57	1.57	-1.00
Martin ratio Return relative to average drawdown	1.59	6.98	-5.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYBK.DE vs. GB1E.DE - Sharpe Ratio Comparison

The current SYBK.DE Sharpe Ratio is -0.02, which is lower than the GB1E.DE Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of SYBK.DE and GB1E.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SYBK.DE	GB1E.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.86	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.37	-0.76

Correlation

The correlation between SYBK.DE and GB1E.DE is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SYBK.DE vs. GB1E.DE - Dividend Comparison

SYBK.DE's dividend yield for the trailing twelve months is around 7.26%, while GB1E.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)	7.26%	7.68%	6.96%	6.73%	5.79%	5.11%	6.01%	5.54%	5.04%	6.51%	5.30%	5.35%
GB1E.DE Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SYBK.DE vs. GB1E.DE - Drawdown Comparison

The maximum SYBK.DE drawdown since its inception was -19.71%, which is greater than GB1E.DE's maximum drawdown of -4.31%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and GB1E.DE.

Drawdown Indicators

	SYBK.DE	GB1E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.71%	-4.31%	-15.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.24%	-3.10%	-2.14%
Max Drawdown (5Y) Largest decline over 5 years	-12.84%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-19.71%	—	—
Current Drawdown Current decline from peak	-5.60%	-1.76%	-3.84%
Average Drawdown Average peak-to-trough decline	-4.24%	-0.56%	-3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	0.70%	+0.95%

Volatility

SYBK.DE vs. GB1E.DE - Volatility Comparison

The current volatility for SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) is 1.78%, while Invesco Global High Yield Corporate Bond ESG Climate Transition UCITS ETF EUR PfHdg Acc (GB1E.DE) has a volatility of 1.94%. This indicates that SYBK.DE experiences smaller price fluctuations and is considered to be less risky than GB1E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBK.DE	GB1E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	1.94%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	4.29%	2.75%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	9.01%	4.42%	+4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.28%	4.18%	+4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.48%	4.18%	+4.30%