SYBQ.DE vs. IUS6.DE
SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and IUS6.DE (iShares Euro Covered Bond UCITS ETF) are both European Corporate Bonds funds - SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5 while IUS6.DE tracks the iBoxx® EUR Covered. Both are passively managed. Over the past 10 years, SYBQ.DE returned 1.36%/yr vs -0.15%/yr for IUS6.DE. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
SYBQ.DE vs. IUS6.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 IUS6.DE's 0.30% return. Over the past 10 years, SYBQ.DE has outperformed IUS6.DE with an annualized return of 1.36%, while IUS6.DE has yielded a comparatively lower -0.15% 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%
IUS6.DE
- 1D
- 0.12%
- 1M
- 0.04%
- YTD
- 0.30%
- 6M
- 0.23%
- 1Y
- 1.06%
- 3Y*
- 3.14%
- 5Y*
- -0.93%
- 10Y*
- -0.15%
SYBQ.DE vs. IUS6.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% |
IUS6.DE iShares Euro Covered Bond UCITS ETF | 0.30% | 2.11% | 2.85% | 5.72% | -13.52% | -2.13% | 1.63% | 2.67% | -0.09% | 0.70% |
Correlation
The correlation between SYBQ.DE and IUS6.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2014 | 0.18 |
The correlation between SYBQ.DE and IUS6.DE shifts across timeframes, from 0.18 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SYBQ.DE vs. IUS6.DE — Risk / Return Rank
SYBQ.DE
IUS6.DE
SYBQ.DE vs. IUS6.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 iShares Euro Covered Bond UCITS ETF (IUS6.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 | IUS6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 0.35 | +0.40 |
| Martin ratioReturn relative to average drawdown | 1.64 | 0.97 | +0.67 |
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 | IUS6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.30 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | -0.24 | +0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | -0.05 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.32 | -0.24 |
Drawdowns
SYBQ.DE vs. IUS6.DE - Drawdown Comparison
The maximum SYBQ.DE drawdown since its inception was -29.32%, which is greater than IUS6.DE's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for SYBQ.DE and IUS6.DE.
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Drawdown Indicators
| SYBQ.DE | IUS6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.32% | -16.47% | -12.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -2.22% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -2.22% | -3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -15.57% | -0.93% |
Max Drawdown (10Y)Largest decline over 10 years | -20.63% | -16.47% | -4.16% |
Current DrawdownCurrent decline from peak | -0.44% | -6.35% | +5.91% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -3.71% | -5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 0.81% | +0.34% |
Volatility
SYBQ.DE vs. IUS6.DE - Volatility Comparison
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) has a higher volatility of 1.77% compared to iShares Euro Covered Bond UCITS ETF (IUS6.DE) at 0.97%. This indicates that SYBQ.DE's price experiences larger fluctuations and is considered to be riskier than IUS6.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 | IUS6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 0.97% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 2.14% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 2.58% | +2.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 3.84% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 3.17% | +14.41% |
SYBQ.DE vs. IUS6.DE - Expense Ratio Comparison
Both SYBQ.DE and IUS6.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. IUS6.DE - Dividend Comparison
SYBQ.DE's dividend yield for the trailing twelve months is around 4.67%, more than IUS6.DE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUS6.DE iShares Euro Covered Bond UCITS ETF | 2.16% | 2.03% | 1.51% | 0.90% | 0.29% | 0.26% | 0.35% | 0.47% | 0.60% | 0.64% | 0.97% | 0.62% |
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 IUS6.DE have a correlation of 0.25, 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 IUS6.DE have the same expense ratio: 0.20% per year.
SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5, while IUS6.DE tracks iBoxx® EUR Covered. They also come from different issuers: State Street and iShares.
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