SYBQ.DE vs. SPYI.DE
SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SYBQ.DE is a European Corporate Bonds fund tracking the Bloomberg Sterling Corporate Bond 0-5, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, SYBQ.DE returned 1.36%/yr vs 12.12%/yr for SPYI.DE. At a 0.29 correlation, their price movements are largely independent. SYBQ.DE charges 0.20%/yr vs 0.17%/yr for SPYI.DE.
Performance
SYBQ.DE vs. SPYI.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 SPYI.DE's 13.27% return. Over the past 10 years, SYBQ.DE has underperformed SPYI.DE with an annualized return of 1.36%, while SPYI.DE has yielded a comparatively higher 12.12% 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%
SPYI.DE
- 1D
- -0.12%
- 1M
- 3.80%
- YTD
- 13.27%
- 6M
- 13.52%
- 1Y
- 27.62%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
SYBQ.DE vs. SPYI.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% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between SYBQ.DE and SPYI.DE is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2014 | 0.29 |
Over the past year, SYBQ.DE and SPYI.DE have become more correlated (0.50) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
SYBQ.DE vs. SPYI.DE — Risk / Return Rank
SYBQ.DE
SPYI.DE
SYBQ.DE vs. SPYI.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 SPDR MSCI ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.45 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 4.32 | -3.56 |
| Martin ratioReturn relative to average drawdown | 1.64 | 17.43 | -15.79 |
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 | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.41 | -2.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.85 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.81 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.84 | -0.76 |
Drawdowns
SYBQ.DE vs. SPYI.DE - Drawdown Comparison
The maximum SYBQ.DE drawdown since its inception was -29.32%, smaller than the maximum SPYI.DE drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SYBQ.DE and SPYI.DE.
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Drawdown Indicators
| SYBQ.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.32% | -34.60% | +5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.51% | -6.41% | +3.90% |
Max Drawdown (3Y)Largest decline over 3 years | -5.48% | -21.66% | +16.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -21.66% | +5.16% |
Max Drawdown (10Y)Largest decline over 10 years | -20.63% | -34.60% | +13.97% |
Current DrawdownCurrent decline from peak | -0.44% | -0.56% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -9.11% | -4.34% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.59% | -0.44% |
Volatility
SYBQ.DE vs. SPYI.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) is 1.77%, while SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a volatility of 3.11%. This indicates that SYBQ.DE experiences smaller price fluctuations and is considered to be less risky than SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 3.11% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 3.55% | 8.21% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.75% | 11.48% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.45% | 13.90% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 15.18% | +2.40% |
SYBQ.DE vs. SPYI.DE - Expense Ratio Comparison
SYBQ.DE has a 0.20% expense ratio, which is higher than SPYI.DE's 0.17% 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. SPYI.DE - Dividend Comparison
SYBQ.DE's dividend yield for the trailing twelve months is around 4.67%, while SPYI.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI 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 SPYI.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for SYBQ.DE.
SYBQ.DE is categorized as European Corporate Bonds, while SPYI.DE is Global Equities. SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.20% for SYBQ.DE and 0.17% for SPYI.DE.
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