SYBK.DE vs. SHYG.L
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and SHYG.L (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) 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 SHYG.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR. Both are passively managed. Over the past 10 years, SYBK.DE returned 4.73%/yr vs 2.58%/yr for SHYG.L. At a 0.11 correlation, their price movements are largely independent. SYBK.DE charges 0.30%/yr vs 0.50%/yr for SHYG.L.
Performance
SYBK.DE vs. SHYG.L - Performance Comparison
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Different Trading Currencies
SYBK.DE is traded in EUR, while SHYG.L is traded in GBP. To make them comparable, the SHYG.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 higher than SHYG.L's -1.72% return. Over the past 10 years, SYBK.DE has outperformed SHYG.L with an annualized return of 4.73%, while SHYG.L has yielded a comparatively lower 2.58% 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%
SHYG.L
- 1D
- 0.15%
- 1M
- 1.04%
- YTD
- -1.72%
- 6M
- -1.00%
- 1Y
- -1.90%
- 3Y*
- 4.49%
- 5Y*
- 1.65%
- 10Y*
- 2.58%
SYBK.DE vs. SHYG.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% |
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | -1.70% | 2.08% | 5.84% | 11.62% | -9.35% | 2.57% | 0.81% | 11.09% | -3.82% | 3.98% |
Correlation
The correlation between SYBK.DE and SHYG.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2013 | 0.11 |
The correlation between SYBK.DE and SHYG.L shifts across timeframes, from -0.02 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBK.DE vs. SHYG.L — Risk / Return Rank
SYBK.DE
SHYG.L
SYBK.DE vs. SHYG.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 iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.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 | SHYG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.94 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | -0.29 | +1.73 |
| Martin ratioReturn relative to average drawdown | 3.91 | -0.70 | +4.61 |
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 | SHYG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | -0.35 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.27 | +0.35 |
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 | 0.44 | +0.17 |
Drawdowns
SYBK.DE vs. SHYG.L - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, smaller than the maximum SHYG.L drawdown of -26.56%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and SHYG.L.
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Drawdown Indicators
| SYBK.DE | SHYG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -26.56% | +6.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -6.56% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -6.56% | -6.28% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -15.48% | +2.64% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -26.56% | +6.85% |
Current DrawdownCurrent decline from peak | -4.42% | -3.36% | -1.06% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -2.37% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.70% | -1.53% |
Volatility
SYBK.DE vs. SHYG.L - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) has a higher volatility of 1.31% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (SHYG.L) at 1.17%. This indicates that SYBK.DE's price experiences larger fluctuations and is considered to be riskier than SHYG.L 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 | SHYG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 1.17% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.35% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 5.43% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 6.19% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 7.65% | +0.79% |
SYBK.DE vs. SHYG.L - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is lower than SHYG.L's 0.50% expense ratio.
Dividends
SYBK.DE vs. SHYG.L - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, while SHYG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHYG.L iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.00% | 2.75% | 6.24% | 5.39% | 3.58% | 3.13% | 3.66% | 3.86% | 3.65% | 3.74% | 3.83% | 4.55% |
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 SHYG.L have a correlation of -0.02, 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 0.50% for SHYG.L.
SYBK.DE is categorized as High Yield Bonds, while SHYG.L is European High Yield Bonds. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while SHYG.L tracks Bloomberg Pan Euro HY Euro TR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SYBK.DE and 0.50% for SHYG.L.
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