SYBS.DE vs. IEXA.DE
SYBS.DE (SPDR Bloomberg Sterling Corporate Bond UCITS ETF) and IEXA.DE (iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc) are both European Corporate Bonds funds - SYBS.DE tracks the Bloomberg Sterling Corporate Bond while IEXA.DE tracks the Bloomberg Euro Corporate ex-Financials Bond. Both are passively managed. Over the past 3 years, SYBS.DE returned 6.45%/yr vs 4.16%/yr for IEXA.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
SYBS.DE vs. IEXA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBS.DE achieves a 2.27% return, which is significantly higher than IEXA.DE's 1.30% return.
SYBS.DE
- 1D
- 0.13%
- 1M
- 1.74%
- YTD
- 2.27%
- 6M
- 2.80%
- 1Y
- 3.56%
- 3Y*
- 6.45%
- 5Y*
- -0.75%
- 10Y*
- 1.57%
IEXA.DE
- 1D
- 0.00%
- 1M
- 0.74%
- YTD
- 1.30%
- 6M
- 1.48%
- 1Y
- 2.24%
- 3Y*
- 4.16%
- 5Y*
- —
- 10Y*
- —
SYBS.DE vs. IEXA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SYBS.DE SPDR Bloomberg Sterling Corporate Bond UCITS ETF | 2.27% | 1.99% | 6.20% | 11.12% | -12.94% |
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 1.30% | 2.47% | 3.54% | 7.38% | -5.39% |
Correlation
The correlation between SYBS.DE and IEXA.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 27, 2022 | 0.67 |
The correlation between SYBS.DE and IEXA.DE has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
SYBS.DE vs. IEXA.DE — Risk / Return Rank
SYBS.DE
IEXA.DE
SYBS.DE vs. IEXA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Sterling Corporate Bond UCITS ETF (SYBS.DE) and iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.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.
| SYBS.DE | IEXA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.14 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 0.87 | +0.04 |
| Martin ratioReturn relative to average drawdown | 2.21 | 2.79 | -0.59 |
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Drawdowns
SYBS.DE vs. IEXA.DE - Drawdown Comparison
The maximum SYBS.DE drawdown since its inception was -32.65%, which is greater than IEXA.DE's maximum drawdown of -9.06%. Use the drawdown chart below to compare losses from any high point for SYBS.DE and IEXA.DE.
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Drawdown Indicators
| SYBS.DE | IEXA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.65% | -9.06% | -23.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -2.56% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -7.54% | -2.56% | -4.98% |
Max Drawdown (5Y)Largest decline over 5 years | -32.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.65% | — | — |
Current DrawdownCurrent decline from peak | -7.25% | 0.00% | -7.25% |
Average DrawdownAverage peak-to-trough decline | -8.21% | -2.24% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.49% | 0.80% | +0.69% |
Volatility
SYBS.DE vs. IEXA.DE - Volatility Comparison
SPDR Bloomberg Sterling Corporate Bond UCITS ETF (SYBS.DE) has a higher volatility of 1.52% compared to iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc (IEXA.DE) at 0.78%. This indicates that SYBS.DE's price experiences larger fluctuations and is considered to be riskier than IEXA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBS.DE | IEXA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 0.78% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 5.52% | 2.77% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.93% | 3.26% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.54% | 4.77% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.63% | 4.77% | +4.86% |
SYBS.DE vs. IEXA.DE - Expense Ratio Comparison
Both SYBS.DE and IEXA.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
SYBS.DE vs. IEXA.DE - Dividend Comparison
SYBS.DE's dividend yield for the trailing twelve months is around 4.53%, while IEXA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEXA.DE iShares EUR Corporate Bond ex-Financials UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SYBS.DE SPDR Bloomberg Sterling Corporate Bond UCITS ETF | 4.53% | 4.50% | 4.01% | 3.29% | 2.96% | 2.21% | 2.49% | 2.40% | 2.75% | 3.14% | 3.40% | 3.54% |
Frequently Asked Questions
SYBS.DE and IEXA.DE have a correlation of 0.63, 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.
SYBS.DE and IEXA.DE have the same expense ratio: 0.20% per year.
SYBS.DE tracks Bloomberg Sterling Corporate Bond, while IEXA.DE tracks Bloomberg Euro Corporate ex-Financials Bond. They also come from different issuers: State Street and iShares.
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