SYBK.DE vs. XEON.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and XEON.DE (Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C) 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 XEON.DE is a Bank Loan fund tracking the Solactive €STR +8.5 Daily Index. Both are passively managed. Over the past 10 years, SYBK.DE returned 4.73%/yr vs 0.70%/yr for XEON.DE. At a correlation of -0.03, they often move in opposite directions. SYBK.DE charges 0.30%/yr vs 0.10%/yr for XEON.DE.
Performance
SYBK.DE vs. XEON.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 XEON.DE's 0.80% return. Over the past 10 years, SYBK.DE has outperformed XEON.DE with an annualized return of 4.73%, while XEON.DE has yielded a comparatively lower 0.70% 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%
XEON.DE
- 1D
- -0.01%
- 1M
- 0.15%
- YTD
- 0.80%
- 6M
- 0.95%
- 1Y
- 1.95%
- 3Y*
- 2.99%
- 5Y*
- 1.94%
- 10Y*
- 0.70%
SYBK.DE vs. XEON.DE - 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% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.80% | 2.25% | 3.78% | 3.30% | -0.04% | -0.58% | -0.57% | -0.49% | -0.47% | -0.52% |
Correlation
The correlation between SYBK.DE and XEON.DE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2013 | -0.03 |
The correlation between SYBK.DE and XEON.DE shifts across timeframes, from -0.13 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SYBK.DE vs. XEON.DE — Risk / Return Rank
SYBK.DE
XEON.DE
SYBK.DE vs. XEON.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 Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.17 | ||
| Sortino ratioReturn per unit of downside risk | -20.11 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 4.27 | -3.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 69.36 | -67.91 |
| Martin ratioReturn relative to average drawdown | 3.91 | 316.53 | -312.62 |
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 | XEON.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 8.94 | -8.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 7.54 | -6.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 1.78 | -1.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.74 | -0.12 |
Drawdowns
SYBK.DE vs. XEON.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -19.71%, which is greater than XEON.DE's maximum drawdown of -3.71%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and XEON.DE.
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Drawdown Indicators
| SYBK.DE | XEON.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.71% | -3.71% | -16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -0.03% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -0.08% | -12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -12.84% | -0.71% | -12.13% |
Max Drawdown (10Y)Largest decline over 10 years | -19.71% | -3.25% | -16.46% |
Current DrawdownCurrent decline from peak | -4.42% | -0.01% | -4.41% |
Average DrawdownAverage peak-to-trough decline | -4.26% | -0.92% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.01% | +1.16% |
Volatility
SYBK.DE vs. XEON.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 Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (XEON.DE) at 0.04%. This indicates that SYBK.DE's price experiences larger fluctuations and is considered to be riskier than XEON.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 | XEON.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.04% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 0.16% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 0.22% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.26% | 0.25% | +8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 0.39% | +8.05% |
SYBK.DE vs. XEON.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is higher than XEON.DE's 0.10% expense ratio.
Dividends
SYBK.DE vs. XEON.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.17%, while XEON.DE has not paid dividends to shareholders.
| 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% |
XEON.DE Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SYBK.DE and XEON.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEON.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEON.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 XEON.DE is Bank Loan. SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while XEON.DE tracks Solactive €STR +8.5 Daily Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.30% for SYBK.DE and 0.10% for XEON.DE.
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