SYBK.DE vs. QYLE.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) 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 QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, SYBK.DE returned 6.03%/yr vs 12.74%/yr for QYLE.DE. A 0.55 correlation means they provide meaningful diversification when combined. SYBK.DE charges 0.30%/yr vs 0.45%/yr for QYLE.DE.
Performance
SYBK.DE vs. QYLE.DE - 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 QYLE.DE's 6.53% 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%
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.58%
- YTD
- 6.53%
- 6M
- 7.45%
- 1Y
- 16.40%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
SYBK.DE vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 2.75% | -4.18% | 15.91% | 8.73% | -3.54% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | -7.62% | 37.36% | 30.02% | -5.59% |
Correlation
The correlation between SYBK.DE and QYLE.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2022 | 0.55 |
The correlation between SYBK.DE and QYLE.DE has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.
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Return for Risk
SYBK.DE vs. QYLE.DE — Risk / Return Rank
SYBK.DE
QYLE.DE
SYBK.DE vs. QYLE.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 Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.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 | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.30 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.87 | -2.43 |
| Martin ratioReturn relative to average drawdown | 3.91 | 10.46 | -6.55 |
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 | QYLE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.68 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.16 | -0.54 |
Drawdowns
SYBK.DE vs. QYLE.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, smaller than the maximum QYLE.DE drawdown of -24.06%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and QYLE.DE.
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Drawdown Indicators
| SYBK.DE | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -24.06% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -4.17% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -24.06% | +11.22% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | — | — |
Current DrawdownCurrent decline from peak | -4.42% | -5.04% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -5.68% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.55% | -0.38% |
Volatility
SYBK.DE vs. QYLE.DE - Volatility Comparison
The current volatility for SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) is 1.31%, while Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) has a volatility of 2.32%. This indicates that SYBK.DE experiences smaller price fluctuations and is considered to be less risky than QYLE.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 | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 2.32% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 6.14% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 9.63% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 13.25% | -4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 13.25% | -4.81% |
SYBK.DE vs. QYLE.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
SYBK.DE vs. QYLE.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, less than QYLE.DE's 8.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% | 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) | 7.17% | 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 QYLE.DE have a correlation of 0.54, 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 0.45% for QYLE.DE.
SYBK.DE is categorized as High Yield Bonds, while QYLE.DE is Nasdaq-100. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: State Street and Global X. Their fees differ too: 0.30% for SYBK.DE and 0.45% for QYLE.DE.
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