SYBM.DE vs. EUNW.DE
SYBM.DE (SPDR Bloomberg Emerging Markets Local Bond UCITS ETF) and EUNW.DE (iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist)) are both exchange-traded funds - SYBM.DE is a Emerging Markets Bonds fund tracking the Bloomberg Emerging Markets Local Currency Liquid Government Bond, while EUNW.DE is a European High Yield Bonds fund tracking the iBoxx® EUR Liquid High Yield. Both are passively managed. Over the past 10 years, SYBM.DE returned 1.75%/yr vs 3.10%/yr for EUNW.DE. At a 0.34 correlation, their price movements are largely independent. SYBM.DE charges 0.55%/yr vs 0.50%/yr for EUNW.DE.
Performance
SYBM.DE vs. EUNW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBM.DE achieves a 0.49% return, which is significantly lower than EUNW.DE's 0.85% return. Over the past 10 years, SYBM.DE has underperformed EUNW.DE with an annualized return of 1.75%, while EUNW.DE has yielded a comparatively higher 3.10% annualized return.
SYBM.DE
- 1D
- -0.05%
- 1M
- -0.24%
- YTD
- 0.49%
- 6M
- 0.42%
- 1Y
- 3.27%
- 3Y*
- 2.54%
- 5Y*
- 1.45%
- 10Y*
- 1.75%
EUNW.DE
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 0.85%
- 6M
- 1.40%
- 1Y
- 3.33%
- 3Y*
- 6.32%
- 5Y*
- 2.68%
- 10Y*
- 3.10%
SYBM.DE vs. EUNW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 0.49% | 2.47% | 3.13% | 5.78% | -4.57% | -0.95% | -5.71% | 14.77% | -1.49% | 0.35% |
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 0.85% | 5.00% | 5.90% | 11.26% | -9.36% | 2.93% | 1.06% | 9.87% | -3.52% | 4.59% |
Correlation
The correlation between SYBM.DE and EUNW.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2014 | 0.34 |
The correlation between SYBM.DE and EUNW.DE shifts across timeframes, from 0.26 (5 years) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYBM.DE vs. EUNW.DE — Risk / Return Rank
SYBM.DE
EUNW.DE
SYBM.DE vs. EUNW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) and iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.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.
| SYBM.DE | EUNW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.12 | -0.25 |
| Martin ratioReturn relative to average drawdown | 2.69 | 4.73 | -2.04 |
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
| SYBM.DE | EUNW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.96 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.50 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.47 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.47 | -0.24 |
Drawdowns
SYBM.DE vs. EUNW.DE - Drawdown Comparison
The maximum SYBM.DE drawdown since its inception was -19.16%, smaller than the maximum EUNW.DE drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for SYBM.DE and EUNW.DE.
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Drawdown Indicators
| SYBM.DE | EUNW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -25.47% | +6.31% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.83% | -1.07% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -3.80% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -8.64% | -14.79% | +6.15% |
Max Drawdown (10Y)Largest decline over 10 years | -16.36% | -25.47% | +9.11% |
Current DrawdownCurrent decline from peak | -3.09% | -0.10% | -2.99% |
Average DrawdownAverage peak-to-trough decline | -7.10% | -2.31% | -4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 0.67% | +0.59% |
Volatility
SYBM.DE vs. EUNW.DE - Volatility Comparison
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (SYBM.DE) has a higher volatility of 1.51% compared to iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) (EUNW.DE) at 0.79%. This indicates that SYBM.DE's price experiences larger fluctuations and is considered to be riskier than EUNW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBM.DE | EUNW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 0.79% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 2.86% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.07% | 3.30% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.94% | 5.25% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.82% | 6.58% | +1.24% |
SYBM.DE vs. EUNW.DE - Expense Ratio Comparison
SYBM.DE has a 0.55% expense ratio, which is higher than EUNW.DE's 0.50% expense ratio.
Dividends
SYBM.DE vs. EUNW.DE - Dividend Comparison
SYBM.DE's dividend yield for the trailing twelve months is around 5.07%, less than EUNW.DE's 5.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNW.DE iShares EUR High Yield Corporate Bond UCITS ETF EUR (Dist) | 5.17% | 5.45% | 6.09% | 5.41% | 3.70% | 3.07% | 3.67% | 3.75% | 3.68% | 3.78% | 4.03% | 4.59% |
SYBM.DE SPDR Bloomberg Emerging Markets Local Bond UCITS ETF | 5.07% | 5.01% | 4.77% | 4.21% | 4.29% | 3.89% | 4.12% | 4.34% | 4.13% | 5.01% | 4.30% | 5.26% |
Frequently Asked Questions
SYBM.DE and EUNW.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNW.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNW.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for SYBM.DE.
SYBM.DE is categorized as Emerging Markets Bonds, while EUNW.DE is European High Yield Bonds. SYBM.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond, while EUNW.DE tracks iBoxx® EUR Liquid High Yield. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SYBM.DE and 0.50% for EUNW.DE.
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