SYBQ.DE vs. SPPY.DE
SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SYBQ.DE is a European Corporate Bonds fund tracking the Bloomberg Sterling Corporate Bond 0-5, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SYBQ.DE returned 2.31%/yr vs 15.63%/yr for SPPY.DE. At a 0.29 correlation, their price movements are largely independent. SYBQ.DE charges 0.20%/yr vs 0.10%/yr for SPPY.DE.
Performance
SYBQ.DE vs. SPPY.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 lower than SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 11.08%
- 6M
- 11.08%
- 1Y
- 28.14%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
SYBQ.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.38% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between SYBQ.DE and SPPY.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.29 |
The correlation between SYBQ.DE and SPPY.DE shifts across timeframes, from 0.29 (all time) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SYBQ.DE vs. SPPY.DE — Risk / Return Rank
SYBQ.DE
SPPY.DE
SYBQ.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.03 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.44 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 4.21 | -3.46 |
| Martin ratioReturn relative to average drawdown | 1.64 | 16.03 | -14.39 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.43 | -2.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 1.00 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.92 | -0.84 |
Drawdowns
SYBQ.DE vs. SPPY.DE - Drawdown Comparison
The maximum SYBQ.DE drawdown since its inception was -29.32%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SYBQ.DE and SPPY.DE.
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Drawdown Indicators
| SYBQ.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.32% | -33.31% | +3.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -6.71% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -23.82% | +18.34% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -23.82% | +7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -20.63% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | 0.00% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.84% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.77% | -0.62% |
Volatility
SYBQ.DE vs. SPPY.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) is 1.77%, while State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a volatility of 2.69%. This indicates that SYBQ.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 2.69% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 7.79% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 11.62% | -6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 15.43% | -8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 17.57% | +0.01% |
SYBQ.DE vs. SPPY.DE - Expense Ratio Comparison
SYBQ.DE has a 0.20% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYBQ.DE vs. SPPY.DE - Dividend Comparison
SYBQ.DE's dividend yield for the trailing twelve months is around 4.67%, while SPPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 SPPY.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for SYBQ.DE.
SYBQ.DE is categorized as European Corporate Bonds, while SPPY.DE is S&P 500. SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.20% for SYBQ.DE and 0.10% for SPPY.DE.
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