SYBK.DE vs. SBEM.L
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and SBEM.L (UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis) 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 SBEM.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 10 years, SYBK.DE returned 4.73%/yr vs 3.56%/yr for SBEM.L. A 0.61 correlation means they provide meaningful diversification when combined. SYBK.DE charges 0.30%/yr vs 0.42%/yr for SBEM.L.
Performance
SYBK.DE vs. SBEM.L - Performance Comparison
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Different Trading Currencies
SYBK.DE is traded in EUR, while SBEM.L is traded in GBp. To make them comparable, the SBEM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SYBK.DE achieves a 2.75% return, which is significantly lower than SBEM.L's 3.39% return. Over the past 10 years, SYBK.DE has outperformed SBEM.L with an annualized return of 4.73%, while SBEM.L has yielded a comparatively lower 3.56% 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%
SBEM.L
- 1D
- 0.14%
- 1M
- 2.16%
- YTD
- 3.39%
- 6M
- 3.82%
- 1Y
- 11.56%
- 3Y*
- 8.51%
- 5Y*
- 3.33%
- 10Y*
- 3.56%
SYBK.DE vs. SBEM.L - 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% |
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 3.41% | 1.81% | 14.74% | 8.19% | -14.87% | 5.13% | -4.22% | 17.97% | 0.17% | -3.49% |
Correlation
The correlation between SYBK.DE and SBEM.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2016 | 0.61 |
The correlation between SYBK.DE and SBEM.L has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
SYBK.DE vs. SBEM.L — Risk / Return Rank
SYBK.DE
SBEM.L
SYBK.DE vs. SBEM.L - 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 UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L). 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 | SBEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.31 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 3.37 | -1.92 |
| Martin ratioReturn relative to average drawdown | 3.91 | 11.33 | -7.42 |
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 | SBEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 1.76 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.37 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.34 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.40 | +0.22 |
Drawdowns
SYBK.DE vs. SBEM.L - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, smaller than the maximum SBEM.L drawdown of -25.53%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and SBEM.L.
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Drawdown Indicators
| SYBK.DE | SBEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -25.53% | +5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.42% | +0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -13.85% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -17.89% | +5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -25.53% | +5.82% |
Current DrawdownCurrent decline from peak | -4.42% | 0.00% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -7.47% | +3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.02% | +0.15% |
Volatility
SYBK.DE vs. SBEM.L - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) and UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis (SBEM.L) have volatilities of 1.31% and 1.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBK.DE | SBEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.25% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.47% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 6.53% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 8.96% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 10.49% | -2.05% |
SYBK.DE vs. SBEM.L - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is lower than SBEM.L's 0.42% expense ratio.
Dividends
SYBK.DE vs. SBEM.L - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, more than SBEM.L's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SBEM.L UBS ETF (LU) Bloomberg USD Emerging Markets Sovereign UCITS ETF (USD) A-dis | 6.53% | 7.69% | 6.28% | 6.49% | 5.72% | 4.35% | 4.92% | 4.83% | 4.47% | 4.84% | 2.27% | 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 SBEM.L have a correlation of 0.60, 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 0.42% for SBEM.L.
SYBK.DE is categorized as High Yield Bonds, while SBEM.L is Emerging Markets Bonds. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while SBEM.L tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: State Street and UBS. Their fees differ too: 0.30% for SYBK.DE and 0.42% for SBEM.L.
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