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SYBQ.DE vs. XLIQ.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SYBQ.DE vs. XLIQ.DE

Last updated Jun 26, 2026

SYBQ.DE (SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds - SYBQ.DE tracks the Bloomberg Sterling Corporate Bond 0-5 while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SYBQ.DE vs. XLIQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF (SYBQ.DE) and Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SYBQ.DE

1D
0.12%
1M
0.86%
YTD
2.56%
6M
2.95%
1Y
3.51%
3Y*
6.61%
5Y*
2.50%
10Y*
2.10%

XLIQ.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SYBQ.DE vs. XLIQ.DE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SYBQ.DE
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF		2.56%1.45%9.69%9.38%-10.85%6.75%-2.82%10.80%-2.02%-1.92%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF		0.27%1.86%2.53%5.99%-17.96%-3.19%2.70%4.95%-0.24%0.72%

Correlation

The correlation between SYBQ.DE and XLIQ.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.31

Correlation (5Y)
Calculated over the trailing 5-year period

0.34

Correlation (10Y)
Calculated over the trailing 10-year period

0.20

Correlation (All Time)
Calculated using the full available price history since Feb 17, 2014

0.18

The correlation between SYBQ.DE and XLIQ.DE shifts across timeframes, from 0.18 (all time) to 0.34 (5 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.

SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF

Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF

Often compared with SYBQ.DE:
SYBQ.DE vs. ECR1.DESYBQ.DE vs. EXHE.DESYBQ.DE vs. SUA0.DESYBQ.DE vs. JER5.DESYBQ.DE vs. SPPS.DESYBQ.DE vs. XDEP.DESYBQ.DE vs. ECR3.DE
Often compared with XLIQ.DE:
XLIQ.DE vs. CWBXLIQ.DE vs. EFRN.DEXLIQ.DE vs. ECR3.DEXLIQ.DE vs. IE3E.DEXLIQ.DE vs. IB26.DEXLIQ.DE vs. ECR1.DEXLIQ.DE vs. JER5.DE

Return for Risk

SYBQ.DE vs. XLIQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SYBQ.DE
SYBQ.DE Risk / Return Rank: 2525
Overall Rank
SYBQ.DE Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
SYBQ.DE Sortino Ratio Rank: 1919
Sortino Ratio Rank
SYBQ.DE Omega Ratio Rank: 2020
Omega Ratio Rank
SYBQ.DE Calmar Ratio Rank: 3535
Calmar Ratio Rank
SYBQ.DE Martin Ratio Rank: 2929
Martin Ratio Rank
XLIQ.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SYBQ.DE vs. XLIQ.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 Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF (XLIQ.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SYBQ.DEXLIQ.DEDifference
Sharpe ratioReturn per unit of total volatility
0.73

—

—

Sortino ratioReturn per unit of downside risk
1.03

—

—

Omega ratioGain probability vs. loss probability

1.13

—

—

Calmar ratioReturn relative to maximum drawdown

1.64

—

—

Martin ratioReturn relative to average drawdown

3.74

—

—

SYBQ.DE vs. XLIQ.DE - Sharpe Ratio Comparison

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Drawdowns

SYBQ.DE vs. XLIQ.DE - Drawdown Comparison

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Drawdown Indicators

SYBQ.DEXLIQ.DEDifference

Max Drawdown

Largest peak-to-trough decline

-30.04%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-2.13%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-5.47%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-16.50%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-16.50%

—

—

Current Drawdown

Current decline from peak

0.00%

—

—

Average Drawdown

Average peak-to-trough decline

-9.13%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.81%

—

—

Volatility

SYBQ.DE vs. XLIQ.DE - Volatility Comparison

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Volatility by Period

SYBQ.DEXLIQ.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.11%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

3.54%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

4.80%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.25%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.42%

—

—

SYBQ.DE vs. XLIQ.DE - Expense Ratio Comparison

Both SYBQ.DE and XLIQ.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. XLIQ.DE - Dividend Comparison

SYBQ.DE's dividend yield for the trailing twelve months is around 4.63%, while XLIQ.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
SYBQ.DE
SPDR Bloomberg 0-5 Year Sterling Corporate Bond UCITS ETF		4.63%4.72%4.29%3.04%1.88%1.71%1.87%1.84%1.92%2.48%2.57%2.58%
XLIQ.DE
Xtrackers iBoxx EUR Liquid Covered Swap 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%

Frequently Asked Questions

SYBQ.DE and XLIQ.DE have a correlation of 0.27, 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 XLIQ.DE have the same expense ratio: 0.20% per year.

SYBQ.DE tracks Bloomberg Sterling Corporate Bond 0-5, while XLIQ.DE tracks iBoxx® EUR Liquid Covered Bond. They also come from different issuers: State Street and Xtrackers.

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