SYBQ.DE vs. COVR.DE
SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and COVR.DE (PIMCO Covered Bond UCITS ETF Dist) are both European Corporate Bonds funds - SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5 while COVR.DE tracks the PIMCO Covered Bond. Both are passively managed. Over the past 10 years, SYBQ.DE returned 1.36%/yr vs 0.53%/yr for COVR.DE. At a 0.18 correlation, their price movements are largely independent. SYBQ.DE charges 0.20%/yr vs 0.43%/yr for COVR.DE.
Performance
SYBQ.DE vs. COVR.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SYBQ.DE achieves a 1.59% return, which is significantly higher than COVR.DE's -0.22% return. Over the past 10 years, SYBQ.DE has outperformed COVR.DE with an annualized return of 1.36%, while COVR.DE has yielded a comparatively lower 0.53% annualized return.
SYBQ.DE
- 1D
- 0.02%
- 1M
- 0.70%
- YTD
- 1.59%
- 6M
- 2.20%
- 1Y
- 1.90%
- 3Y*
- 6.11%
- 5Y*
- 2.31%
- 10Y*
- 1.36%
COVR.DE
- 1D
- -0.00%
- 1M
- 0.44%
- YTD
- -0.22%
- 6M
- -0.48%
- 1Y
- 0.65%
- 3Y*
- 3.61%
- 5Y*
- -0.49%
- 10Y*
- 0.53%
SYBQ.DE vs. COVR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 1.59% | 1.45% | 9.71% | 9.39% | -10.87% | 6.77% | -2.67% | 10.78% | -2.02% | -1.92% |
COVR.DE PIMCO Covered Bond UCITS ETF Dist | -0.22% | 2.66% | 3.80% | 6.11% | -12.85% | -2.27% | 3.03% | 3.98% | 0.05% | 2.43% |
Correlation
The correlation between SYBQ.DE and COVR.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2014 | 0.18 |
The correlation between SYBQ.DE and COVR.DE shifts across timeframes, from 0.18 (all time) to 0.37 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SYBQ.DE vs. COVR.DE — Risk / Return Rank
SYBQ.DE
COVR.DE
SYBQ.DE vs. COVR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) and PIMCO Covered Bond UCITS ETF Dist (COVR.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.
| SYBQ.DE | COVR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.23 | +0.53 |
| Martin ratioReturn relative to average drawdown | 1.64 | 0.65 | +0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SYBQ.DE | COVR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.26 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.13 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.18 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.21 | -0.13 |
Drawdowns
SYBQ.DE vs. COVR.DE - Drawdown Comparison
The maximum SYBQ.DE drawdown since its inception was -29.32%, which is greater than COVR.DE's maximum drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for SYBQ.DE and COVR.DE.
Loading charts...
Drawdown Indicators
| SYBQ.DE | COVR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.32% | -16.36% | -12.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -2.85% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -2.85% | -2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -15.69% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -20.63% | -16.36% | -4.27% |
Current DrawdownCurrent decline from peak | -0.44% | -4.21% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.10% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.00% | +0.15% |
Volatility
SYBQ.DE vs. COVR.DE - Volatility Comparison
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) has a higher volatility of 1.77% compared to PIMCO Covered Bond UCITS ETF Dist (COVR.DE) at 0.92%. This indicates that SYBQ.DE's price experiences larger fluctuations and is considered to be riskier than COVR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SYBQ.DE | COVR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.92% | +0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 2.11% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 2.48% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 3.77% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 2.98% | +14.60% |
SYBQ.DE vs. COVR.DE - Expense Ratio Comparison
SYBQ.DE has a 0.20% expense ratio, which is lower than COVR.DE's 0.43% expense ratio.
Dividends
SYBQ.DE vs. COVR.DE - Dividend Comparison
SYBQ.DE's dividend yield for the trailing twelve months is around 4.67%, more than COVR.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COVR.DE PIMCO Covered Bond UCITS ETF Dist | 2.49% | 2.43% | 1.66% | 0.56% | 0.00% | 0.00% | 0.42% | 1.20% | 0.78% | 0.57% | 0.74% | 0.86% |
SYBQ.DE SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF | 4.67% | 4.72% | 4.31% | 3.04% | 1.88% | 1.71% | 2.04% | 1.84% | 1.92% | 2.48% | 2.57% | 2.58% |
Frequently Asked Questions
SYBQ.DE and COVR.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBQ.DE is cheaper with a 0.20% expense ratio, compared with 0.43% for COVR.DE.
SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5, while COVR.DE tracks PIMCO Covered Bond. They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.20% for SYBQ.DE and 0.43% for COVR.DE.
Find the right allocation for SYBQ.DE and COVR.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer