SYBK.DE vs. SPPY.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) 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 SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SYBK.DE returned 5.13%/yr vs 15.63%/yr for SPPY.DE. A 0.50 correlation means they provide meaningful diversification when combined. SYBK.DE charges 0.30%/yr vs 0.10%/yr for SPPY.DE.
Performance
SYBK.DE vs. SPPY.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 SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 11.08%
- 6M
- 11.08%
- 1Y
- 28.14%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
SYBK.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.04% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between SYBK.DE and SPPY.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.50 |
The correlation between SYBK.DE and SPPY.DE has been stable across timeframes, ranging from 0.42 to 0.50 - a consistent structural relationship.
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Return for Risk
SYBK.DE vs. SPPY.DE — Risk / Return Rank
SYBK.DE
SPPY.DE
SYBK.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.44 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 4.21 | -2.77 |
| Martin ratioReturn relative to average drawdown | 3.91 | 16.03 | -12.12 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 2.43 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.00 | -0.39 |
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 | 0.92 | -0.31 |
Drawdowns
SYBK.DE vs. SPPY.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and SPPY.DE.
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Drawdown Indicators
| SYBK.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -33.31% | +13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -6.71% | +3.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -23.82% | +10.98% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -23.82% | +10.98% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | — | — |
Current DrawdownCurrent decline from peak | -4.42% | 0.00% | -4.42% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -4.84% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.77% | -0.60% |
Volatility
SYBK.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a volatility of 2.69%. This indicates that SYBK.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 2.69% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 7.79% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 11.62% | -5.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 15.43% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 17.57% | -9.13% |
SYBK.DE vs. SPPY.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.
Dividends
SYBK.DE vs. SPPY.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, while SPPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 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 SPPY.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for SYBK.DE.
SYBK.DE is categorized as High Yield Bonds, while SPPY.DE is S&P 500. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.30% for SYBK.DE and 0.10% for SPPY.DE.
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