SYBQ.DE vs. EL49.DE
SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and EL49.DE (Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF) are both European Corporate Bonds funds - SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5 while EL49.DE tracks the iBoxx® EUR Liquid Corporates Diversified. Both are passively managed. Over the past 10 years, SYBQ.DE returned 1.36%/yr vs 0.63%/yr for EL49.DE. At a 0.23 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SYBQ.DE vs. EL49.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBQ.DE achieves a 1.59% return, which is significantly higher than EL49.DE's 0.49% return. Over the past 10 years, SYBQ.DE has outperformed EL49.DE with an annualized return of 1.36%, while EL49.DE has yielded a comparatively lower 0.63% annualized return.
SYBQ.DE
- 1D
- 0.02%
- 1M
- 0.37%
- YTD
- 1.59%
- 6M
- 2.26%
- 1Y
- 1.88%
- 3Y*
- 6.11%
- 5Y*
- 2.31%
- 10Y*
- 1.36%
EL49.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.49%
- 6M
- 0.22%
- 1Y
- 1.76%
- 3Y*
- 4.31%
- 5Y*
- -0.16%
- 10Y*
- 0.63%
SYBQ.DE vs. EL49.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% |
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 0.49% | 2.66% | 4.06% | 7.13% | -13.01% | -1.51% | 1.80% | 5.80% | -1.28% | 0.93% |
Correlation
The correlation between SYBQ.DE and EL49.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2014 | 0.23 |
The correlation between SYBQ.DE and EL49.DE shifts across timeframes, from 0.23 (all time) to 0.41 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBQ.DE vs. EL49.DE — Risk / Return Rank
SYBQ.DE
EL49.DE
SYBQ.DE vs. EL49.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 Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.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 | EL49.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.07 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.46 | +0.30 |
| Martin ratioReturn relative to average drawdown | 1.64 | 1.52 | +0.13 |
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
| SYBQ.DE | EL49.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.36 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.03 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.12 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.47 | -0.39 |
Drawdowns
SYBQ.DE vs. EL49.DE - Drawdown Comparison
The maximum SYBQ.DE drawdown since its inception was -29.32%, which is greater than EL49.DE's maximum drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for SYBQ.DE and EL49.DE.
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Drawdown Indicators
| SYBQ.DE | EL49.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.32% | -16.77% | -12.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -3.05% | +0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -3.05% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -16.77% | +0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -20.63% | -16.77% | -3.86% |
Current DrawdownCurrent decline from peak | -0.44% | -1.87% | +1.43% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -3.21% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.92% | +0.23% |
Volatility
SYBQ.DE vs. EL49.DE - Volatility Comparison
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) has a higher volatility of 1.77% compared to Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF (EL49.DE) at 1.28%. This indicates that SYBQ.DE's price experiences larger fluctuations and is considered to be riskier than EL49.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBQ.DE | EL49.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.28% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 3.42% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 3.85% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 4.88% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 5.25% | +12.33% |
SYBQ.DE vs. EL49.DE - Expense Ratio Comparison
Both SYBQ.DE and EL49.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYBQ.DE vs. EL49.DE - Dividend Comparison
SYBQ.DE's dividend yield for the trailing twelve months is around 4.67%, more than EL49.DE's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL49.DE Deka iBoxx EUR Liquid Corporates Diversified UCITS ETF | 3.49% | 3.50% | 3.24% | 3.04% | 0.75% | 0.69% | 0.69% | 0.88% | 0.75% | 1.15% | 1.52% | 1.82% |
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 EL49.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBQ.DE and EL49.DE have the same expense ratio: 0.20% per year.
SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5, while EL49.DE tracks iBoxx® EUR Liquid Corporates Diversified. They also come from different issuers: State Street and Deka.
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