SYBK.DE vs. ISP.MI

Last updated Jun 5, 2026

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 ISP.MI (Intesa Sanpaolo SpA) is a stock. Over the past 10 years, SYBK.DE returned 4.73%/yr vs 19.36%/yr for ISP.MI. At a 0.11 correlation, their price movements are largely independent.

Performance

SYBK.DE vs. ISP.MI - 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 Intesa Sanpaolo SpA (ISP.MI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYBK.DE achieves a 2.75% return, which is significantly higher than ISP.MI's -0.61% return. Over the past 10 years, SYBK.DE has underperformed ISP.MI with an annualized return of 4.73%, while ISP.MI has yielded a comparatively higher 19.36% 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%

ISP.MI

• 1D: 0.83%
• 1M: -1.08%
• YTD: -0.61%
• 6M: 4.85%
• 1Y: 23.01%
• 3Y*: 47.55%
• 5Y*: 28.56%
• 10Y*: 19.36%

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

SYBK.DE vs. ISP.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%
ISP.MI Intesa Sanpaolo SpA	-0.61%	64.16%	59.21%	39.63%	-1.55%	29.48%	-5.44%	33.15%	-24.89%	21.93%

Correlation

The correlation between SYBK.DE and ISP.MI is -0.07, 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	-0.07
Correlation (3Y) Calculated over the trailing 3-year period	-0.06
Correlation (5Y) Calculated over the trailing 5-year period	-0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Sep 23, 2013	0.11

The correlation between SYBK.DE and ISP.MI shifts across timeframes, from -0.07 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SYBK.DE vs. ISP.MI — 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: 25
SYBK.DE Sharpe Ratio Rank: 23
SYBK.DE Sortino Ratio Rank: 22
SYBK.DE Omega Ratio Rank: 22
SYBK.DE Calmar Ratio Rank: 30
SYBK.DE Martin Ratio Rank: 28

ISP.MI

ISP.MI Risk / Return Rank: 68
ISP.MI Sharpe Ratio Rank: 72
ISP.MI Sortino Ratio Rank: 65
ISP.MI Omega Ratio Rank: 63
ISP.MI Calmar Ratio Rank: 67
ISP.MI Martin Ratio Rank: 73

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. ISP.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 Intesa Sanpaolo SpA (ISP.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	ISP.MI	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.02	-0.25
Sortino ratio: Return per unit of downside risk	1.13	1.49	-0.37
Omega ratio: Gain probability vs. loss probability	1.14	1.18	-0.04
Calmar ratio: Return relative to maximum drawdown	1.45	1.32	+0.13
Martin ratio: Return relative to average drawdown	3.91	4.19	-0.29
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. ISP.MI - Sharpe Ratio Comparison

The current SYBK.DE Sharpe Ratio is 0.77, which is comparable to the ISP.MI Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of SYBK.DE and ISP.MI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SYBK.DE	ISP.MI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.02	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.03	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.62	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.29	+0.32

Drawdowns

SYBK.DE vs. ISP.MI - Drawdown Comparison

The maximum SYBK.DE drawdown since its inception was -19.71%, smaller than the maximum ISP.MI drawdown of -81.20%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and ISP.MI.

Drawdown Indicators

	SYBK.DE	ISP.MI	Difference
Max Drawdown Largest peak-to-trough decline	-19.71%	-81.20%	+61.49%
Max Drawdown (1Y) Largest decline over 1 year	-3.17%	-18.96%	+15.79%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	-21.18%	+8.34%
Max Drawdown (5Y) Largest decline over 5 years	-12.84%	-42.70%	+29.86%
Max Drawdown (10Y) Largest decline over 10 years	-19.71%	-51.49%	+31.78%
Current Drawdown Current decline from peak	-4.42%	-3.97%	-0.45%
Average Drawdown Average peak-to-trough decline	-4.26%	-29.13%	+24.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	5.96%	-4.79%

Volatility

SYBK.DE vs. ISP.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 Intesa Sanpaolo SpA (ISP.MI) has a volatility of 6.78%. This indicates that SYBK.DE experiences smaller price fluctuations and is considered to be less risky than ISP.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SYBK.DE	ISP.MI	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.31%	6.78%	-5.47%
Volatility (6M) Calculated over the trailing 6-month period	4.11%	18.42%	-14.31%
Volatility (1Y) Calculated over the trailing 1-year period	5.95%	24.65%	-18.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.26%	27.37%	-19.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.44%	30.87%	-22.43%

Dividends

SYBK.DE vs. ISP.MI - Dividend Comparison

SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, more than ISP.MI's 6.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISP.MI Intesa Sanpaolo SpA	6.61%	6.03%	8.34%	8.86%	7.35%	9.12%	10.04%	8.39%	10.46%	6.43%	5.77%	2.27%
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

Can I hold both SYBK.DE and ISP.MI in my portfolio?

SYBK.DE and ISP.MI have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.