SYBR.DE vs. IBCD.DE
SYBR.DE (SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF) and IBCD.DE (iShares USD Corporate Bond UCITS ETF (Dist)) are both Corporate Bonds funds - SYBR.DE tracks the Bloomberg US Intermediate Corporate Bond while IBCD.DE tracks the iBoxx® USD Liquid Investment Grade. Both are passively managed. Over the past 10 years, SYBR.DE returned 2.95%/yr vs 1.88%/yr for IBCD.DE. Their correlation of 0.84 suggests significant overlap in exposure. SYBR.DE charges 0.12%/yr vs 0.20%/yr for IBCD.DE.
Performance
SYBR.DE vs. IBCD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBR.DE achieves a 1.66% return, which is significantly higher than IBCD.DE's 1.30% return. Over the past 10 years, SYBR.DE has outperformed IBCD.DE with an annualized return of 2.95%, while IBCD.DE has yielded a comparatively lower 1.88% annualized return.
SYBR.DE
- 1D
- 0.07%
- 1M
- 1.02%
- YTD
- 1.66%
- 6M
- 1.07%
- 1Y
- 3.55%
- 3Y*
- 2.96%
- 5Y*
- 3.21%
- 10Y*
- 2.95%
IBCD.DE
- 1D
- 0.20%
- 1M
- 1.19%
- YTD
- 1.30%
- 6M
- 0.27%
- 1Y
- 3.27%
- 3Y*
- 1.65%
- 5Y*
- 0.50%
- 10Y*
- 1.88%
SYBR.DE vs. IBCD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBR.DE SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF | 1.66% | -3.96% | 10.21% | 5.72% | -3.89% | 7.04% | -1.81% | 14.86% | 3.26% | -8.28% |
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 1.30% | -4.58% | 6.33% | 4.97% | -12.66% | 6.14% | 0.35% | 20.25% | -0.24% | -6.49% |
Correlation
The correlation between SYBR.DE and IBCD.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | 0.84 |
The correlation between SYBR.DE and IBCD.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
SYBR.DE vs. IBCD.DE — Risk / Return Rank
SYBR.DE
IBCD.DE
SYBR.DE vs. IBCD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (SYBR.DE) and iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.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.
| SYBR.DE | IBCD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 0.75 | +0.28 |
| Martin ratioReturn relative to average drawdown | 2.82 | 1.78 | +1.04 |
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
| SYBR.DE | IBCD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 0.47 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.05 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.21 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.16 | +0.25 |
Drawdowns
SYBR.DE vs. IBCD.DE - Drawdown Comparison
The maximum SYBR.DE drawdown since its inception was -15.02%, smaller than the maximum IBCD.DE drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for SYBR.DE and IBCD.DE.
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Drawdown Indicators
| SYBR.DE | IBCD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.02% | -41.86% | +26.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -3.93% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -9.61% | -12.36% | +2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -9.61% | -17.12% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -15.02% | -17.51% | +2.49% |
Current DrawdownCurrent decline from peak | -4.54% | -7.49% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -9.84% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.65% | -0.51% |
Volatility
SYBR.DE vs. IBCD.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF (SYBR.DE) is 0.76%, while iShares USD Corporate Bond UCITS ETF (Dist) (IBCD.DE) has a volatility of 1.33%. This indicates that SYBR.DE experiences smaller price fluctuations and is considered to be less risky than IBCD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBR.DE | IBCD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.33% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.61% | 4.22% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.26% | 6.21% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 9.18% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.32% | 9.07% | -1.75% |
SYBR.DE vs. IBCD.DE - Expense Ratio Comparison
SYBR.DE has a 0.12% expense ratio, which is lower than IBCD.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SYBR.DE vs. IBCD.DE - Dividend Comparison
SYBR.DE's dividend yield for the trailing twelve months is around 4.65%, more than IBCD.DE's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCD.DE iShares USD Corporate Bond UCITS ETF (Dist) | 4.24% | 4.39% | 4.52% | 4.34% | 3.60% | 2.21% | 2.56% | 3.06% | 3.09% | 3.02% | 2.97% | 3.00% |
SYBR.DE SPDR Bloomberg 1-10 Year US Corporate Bond UCITS ETF | 4.65% | 5.03% | 4.55% | 5.85% | 2.62% | 2.24% | 2.89% | 3.01% | 2.78% | 3.41% | 1.21% | 0.00% |
Frequently Asked Questions
SYBR.DE and IBCD.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SYBR.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SYBR.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for IBCD.DE.
SYBR.DE tracks Bloomberg US Intermediate Corporate Bond, while IBCD.DE tracks iBoxx® USD Liquid Investment Grade. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SYBR.DE and 0.20% for IBCD.DE.
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