SYBK.DE vs. UDHY.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and UDHY.DE (iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist)) are both High Yield Bonds funds - SYBK.DE tracks the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select while UDHY.DE tracks the ICE BofAML US High Yield Constrained. Both are passively managed. Over the past 3 years, SYBK.DE returned 6.03%/yr vs 3.98%/yr for UDHY.DE. Their correlation of 0.89 suggests significant overlap in exposure. SYBK.DE charges 0.30%/yr vs 0.20%/yr for UDHY.DE.
Performance
SYBK.DE vs. UDHY.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 higher than UDHY.DE's -1.14% 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%
UDHY.DE
- 1D
- 0.01%
- 1M
- 1.21%
- YTD
- -1.14%
- 6M
- -1.88%
- 1Y
- 0.71%
- 3Y*
- 3.98%
- 5Y*
- —
- 10Y*
- —
SYBK.DE vs. UDHY.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% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | -1.14% | -3.92% | 13.24% | 8.32% | -4.04% |
Correlation
The correlation between SYBK.DE and UDHY.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.89 |
The correlation between SYBK.DE and UDHY.DE has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
SYBK.DE vs. UDHY.DE — Risk / Return Rank
SYBK.DE
UDHY.DE
SYBK.DE vs. UDHY.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 iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.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 | UDHY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.02 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.08 | +1.36 |
| Martin ratioReturn relative to average drawdown | 3.91 | 0.19 | +3.72 |
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 | UDHY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 0.08 | +0.69 |
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 | 0.34 | +0.28 |
Drawdowns
SYBK.DE vs. UDHY.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, which is greater than UDHY.DE's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and UDHY.DE.
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Drawdown Indicators
| SYBK.DE | UDHY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -12.23% | -7.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -6.17% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -12.23% | -0.61% |
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% | -7.76% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -4.84% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.67% | -1.50% |
Volatility
SYBK.DE vs. UDHY.DE - 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 Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) (UDHY.DE) at 0.99%. This indicates that SYBK.DE's price experiences larger fluctuations and is considered to be riskier than UDHY.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 | UDHY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.99% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 4.73% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 6.32% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 8.04% | +0.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 8.04% | +0.40% |
SYBK.DE vs. UDHY.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is higher than UDHY.DE's 0.20% expense ratio.
Dividends
SYBK.DE vs. UDHY.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, more than UDHY.DE's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UDHY.DE iShares Broad USD High Yield Corporate Bond UCITS ETF USD (Dist) | 4.67% | 7.37% | 6.63% | 5.74% | 1.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBK.DE and UDHY.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UDHY.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UDHY.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for SYBK.DE.
SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while UDHY.DE tracks ICE BofAML US High Yield Constrained. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SYBK.DE and 0.20% for UDHY.DE.
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