SYBK.DE vs. XUHE.DE
SYBK.DE (SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist)) and XUHE.DE (Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc)) are both High Yield Bonds funds - SYBK.DE tracks the Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select while XUHE.DE tracks the Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). Both are passively managed. Over the past 3 years, SYBK.DE returned 7.80%/yr vs 6.21%/yr for XUHE.DE. At a 0.15 correlation, their price movements are largely independent. SYBK.DE charges 0.30%/yr vs 0.25%/yr for XUHE.DE.
Performance
SYBK.DE vs. XUHE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBK.DE achieves a 4.76% return, which is significantly higher than XUHE.DE's 1.03% return.
SYBK.DE
- 1D
- 0.11%
- 1M
- 1.50%
- 6M
- 3.28%
- YTD
- 4.76%
- 1Y
- 6.93%
- 3Y*
- 7.80%
- 5Y*
- 4.80%
- 10Y*
- 4.40%
XUHE.DE
- 1D
- 0.00%
- 1M
- -0.18%
- 6M
- 0.79%
- YTD
- 1.03%
- 1Y
- 4.32%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
SYBK.DE vs. XUHE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SYBK.DE SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) | 4.76% | -4.19% | 15.85% | 8.68% | -5.33% | 3.41% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 1.03% | 7.00% | 5.04% | 10.87% | -14.46% | 0.91% |
Correlation
The correlation between SYBK.DE and XUHE.DE is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2021 | 0.15 |
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Return for Risk
SYBK.DE vs. XUHE.DE — Risk / Return Rank
SYBK.DE
XUHE.DE
SYBK.DE vs. XUHE.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 USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBK.DE | XUHE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 1.43 | +0.74 |
| Martin ratioReturn relative to average drawdown | 6.18 | 6.70 | -0.52 |
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Drawdowns
SYBK.DE vs. XUHE.DE - Drawdown Comparison
The maximum SYBK.DE drawdown since its inception was -26.54%, which is greater than XUHE.DE's maximum drawdown of -17.56%. Use the drawdown chart below to compare losses from any high point for SYBK.DE and XUHE.DE.
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Drawdown Indicators
| SYBK.DE | XUHE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.54% | -17.56% | -8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.17% | -3.00% | -0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -12.85% | -5.20% | -7.65% |
Max Drawdown (5Y)Largest decline over 5 years | -12.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -19.70% | — | — |
Current DrawdownCurrent decline from peak | -2.56% | -0.30% | -2.26% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -5.45% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 0.64% | +0.48% |
Volatility
SYBK.DE vs. XUHE.DE - Volatility Comparison
SPDR Bloomberg SASB U.S. High Yield Corporate ESG UCITS ETF USD Unhedged (Dist) (SYBK.DE) has a higher volatility of 1.46% compared to Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) (XUHE.DE) at 1.05%. This indicates that SYBK.DE's price experiences larger fluctuations and is considered to be riskier than XUHE.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 | XUHE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.05% | +0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 4.05% | 3.48% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.01% | 4.13% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 7.41% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.17% | 7.41% | +0.76% |
SYBK.DE vs. XUHE.DE - Expense Ratio Comparison
SYBK.DE has a 0.30% expense ratio, which is higher than XUHE.DE's 0.25% expense ratio.
Dividends
SYBK.DE vs. XUHE.DE - Dividend Comparison
SYBK.DE's dividend yield for the trailing twelve months is around 7.04%, while XUHE.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) | 7.04% | 7.68% | 6.90% | 6.70% | 5.79% | 5.11% | 6.01% | 5.54% | 5.04% | 6.51% | 5.30% | 5.35% |
XUHE.DE Xtrackers USD High Yield Corporate Bond UCITS ETF EUR Hedged (Acc) | 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 XUHE.DE have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUHE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUHE.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for SYBK.DE.
SYBK.DE tracks Bloomberg SASB US Corporate High Yield ESG Ex-Controversies Select, while XUHE.DE tracks Bloomberg US High Yield Very Liquid ex 144A Index (EUR Hedged). They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.30% for SYBK.DE and 0.25% for XUHE.DE.
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