SYBK.DE vs. HY3M.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and HY3M.DE (VanEck Emerging Markets High Yield Bond UCITS 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 HY3M.DE is a Emerging Markets Bonds fund tracking the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. Both are passively managed. Over the past 5 years, SYBK.DE returned 4.80%/yr vs 3.37%/yr for HY3M.DE. A 0.64 correlation means they provide meaningful diversification when combined. SYBK.DE charges 0.30%/yr vs 0.40%/yr for HY3M.DE.
Performance
SYBK.DE vs. HY3M.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBK.DE achieves a 4.76% return, which is significantly lower than HY3M.DE's 6.33% return.
SYBK.DE
- 1D
- 0.11%
- 1M
- 1.50%
- 6M
- 3.28%
- YTD
- 4.76%
- 1Y
- 6.93%
- 3Y*
- 7.80%
- 5Y*
- 4.80%
- 10Y*
- 4.40%
HY3M.DE
- 1D
- -0.75%
- 1M
- 0.99%
- 6M
- 4.72%
- YTD
- 6.33%
- 1Y
- 9.36%
- 3Y*
- 9.22%
- 5Y*
- 3.37%
- 10Y*
- —
SYBK.DE vs. HY3M.DE - 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) | 4.76% | -4.19% | 15.85% | 8.68% | -5.33% | 13.85% | -4.48% | 12.55% | 6.96% |
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS ETF | 6.33% | -3.30% | 18.25% | 4.13% | -7.66% | 7.35% | -3.67% | 17.71% | -14.66% |
Correlation
The correlation between SYBK.DE and HY3M.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 20, 2018 | 0.64 |
The correlation between SYBK.DE and HY3M.DE has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
SYBK.DE vs. HY3M.DE — Risk / Return Rank
SYBK.DE
HY3M.DE
SYBK.DE vs. HY3M.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 VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBK.DE | HY3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.28 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 3.41 | -1.23 |
| Martin ratioReturn relative to average drawdown | 6.18 | 10.01 | -3.83 |
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Drawdowns
SYBK.DE vs. HY3M.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -26.54%, which is greater than HY3M.DE's maximum drawdown of -21.08%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and HY3M.DE.
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Drawdown Indicators
| SYBK.DE | HY3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.54% | -21.08% | -5.46% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.08% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -12.09% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.85% | -13.58% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -1.17% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -7.04% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 1.05% | +0.07% |
Volatility
SYBK.DE vs. HY3M.DE - Volatility Comparison
The current volatility for SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) is 1.46%, while VanEck Emerging Markets High Yield Bond UCITS ETF (HY3M.DE) has a volatility of 1.97%. This indicates that SYBK.DE experiences smaller price fluctuations and is considered to be less risky than HY3M.DE 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 | HY3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.97% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 5.14% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 6.85% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 8.61% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.17% | 13.20% | -5.03% |
SYBK.DE vs. HY3M.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is lower than HY3M.DE's 0.40% expense ratio.
Dividends
SYBK.DE vs. HY3M.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.04%, while HY3M.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HY3M.DE VanEck Emerging Markets High Yield Bond UCITS 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) | 7.04% | 7.68% | 6.90% | 6.70% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
Frequently Asked Questions
SYBK.DE and HY3M.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBK.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBK.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for HY3M.DE.
SYBK.DE is categorized as High Yield Bonds, while HY3M.DE is Emerging Markets Bonds. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while HY3M.DE tracks ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.30% for SYBK.DE and 0.40% for HY3M.DE.
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