SYBK.DE vs. IBC2.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and IBC2.DE (iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist)) are both High Yield Bonds funds - SYBK.DE tracks the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select while IBC2.DE tracks the Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged). Both are passively managed. Over the past 5 years, SYBK.DE returned 4.80%/yr vs 1.66%/yr for IBC2.DE. At a 0.26 correlation, their price movements are largely independent. SYBK.DE charges 0.30%/yr vs 0.55%/yr for IBC2.DE.
Performance
SYBK.DE vs. IBC2.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 higher than IBC2.DE's 0.98% 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%
IBC2.DE
- 1D
- 0.26%
- 1M
- -0.00%
- 6M
- 0.73%
- YTD
- 0.98%
- 1Y
- 4.12%
- 3Y*
- 5.86%
- 5Y*
- 1.66%
- 10Y*
- —
SYBK.DE vs. IBC2.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% | 7.21% |
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 0.98% | 7.02% | 4.85% | 8.05% | -11.78% | 3.08% | 2.84% | 10.03% | -3.66% |
Correlation
The correlation between SYBK.DE and IBC2.DE is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2018 | 0.26 |
The correlation between SYBK.DE and IBC2.DE shifts across timeframes, from 0.08 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBK.DE vs. IBC2.DE — Risk / Return Rank
SYBK.DE
IBC2.DE
SYBK.DE vs. IBC2.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 iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.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 | IBC2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.36 | +0.82 |
| Martin ratioReturn relative to average drawdown | 6.18 | 6.04 | +0.14 |
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Drawdowns
SYBK.DE vs. IBC2.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -26.54%, which is greater than IBC2.DE's maximum drawdown of -22.54%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and IBC2.DE.
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Drawdown Indicators
| SYBK.DE | IBC2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.54% | -22.54% | -4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.03% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -4.22% | -8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -12.85% | -15.71% | +2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -0.00% | -2.56% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -3.56% | -2.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.68% | +0.44% |
Volatility
SYBK.DE vs. IBC2.DE - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) has a higher volatility of 1.46% compared to iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) (IBC2.DE) at 0.79%. This indicates that SYBK.DE's price experiences larger fluctuations and is considered to be riskier than IBC2.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 | IBC2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.79% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 3.27% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 4.17% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 6.95% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.17% | 8.20% | -0.03% |
SYBK.DE vs. IBC2.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is lower than IBC2.DE's 0.55% expense ratio.
Dividends
SYBK.DE vs. IBC2.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.04%, more than IBC2.DE's 6.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC2.DE iShares $ High Yield Corp Bond UCITS ETF EUR Hedged (Dist) | 6.19% | 6.07% | 6.33% | 5.59% | 5.13% | 4.34% | 4.82% | 5.58% | 3.90% | 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 IBC2.DE have a correlation of 0.08, 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 0.55% for IBC2.DE.
SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while IBC2.DE tracks Markit iBoxx USD Liquid High Yield Capped Index (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SYBK.DE and 0.55% for IBC2.DE.
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