SYBS.DE vs. XLIQ.DE

Last updated Jun 26, 2026

SYBS.DE (SPDR Bloomberg Sterling Corporate Bond UCITS ETF) and XLIQ.DE (Xtrackers iBoxx EUR Liquid Covered Swap UCITS ETF) are both European Corporate Bonds funds - SYBS.DE tracks the Bloomberg Sterling Corporate Bond while XLIQ.DE tracks the iBoxx® EUR Liquid Covered Bond. Both are passively managed. At a 0.44 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SYBS.DE vs. XLIQ.DE - Performance Comparison

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

Returns By Period

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%

XLIQ.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SYBS.DE SPDR Bloomberg Sterling Corporate Bond UCITS ETF	2.27%	1.99%	6.20%	11.12%	-23.36%	4.01%	2.32%	17.50%	-4.05%	0.65%
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 SYBS.DE and XLIQ.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 27, 2012	0.44

The correlation between SYBS.DE and XLIQ.DE shifts across timeframes, from 0.40 (1 year) to 0.60 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SYBS.DE

SYBS.DE Risk / Return Rank: 17
SYBS.DE Sharpe Ratio Rank: 16
SYBS.DE Sortino Ratio Rank: 15
SYBS.DE Omega Ratio Rank: 15
SYBS.DE Calmar Ratio Rank: 21
SYBS.DE Martin Ratio Rank: 20

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.

SYBS.DE vs. XLIQ.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 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.

	SYBS.DE	XLIQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.51	—	—
Sortino ratio: Return per unit of downside risk	0.77	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.91	—	—
Martin ratio: Return relative to average drawdown	2.21	—	—

Drawdowns

Drawdown Indicators

	SYBS.DE	XLIQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.65%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.65%	—	—
Current Drawdown Current decline from peak	-7.25%	—	—
Average Drawdown Average peak-to-trough decline	-8.21%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	—	—

Volatility

Volatility by Period

	SYBS.DE	XLIQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.52%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	6.93%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.54%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.63%	—	—

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

Both SYBS.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

SYBS.DE vs. XLIQ.DE - Dividend Comparison

SYBS.DE's dividend yield for the trailing twelve months is around 4.53%, while XLIQ.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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

Can I hold both SYBS.DE and XLIQ.DE in my portfolio?

SYBS.DE and XLIQ.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYBS.DE or XLIQ.DE?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYBS.DE or XLIQ.DE?

SYBS.DE and XLIQ.DE have the same expense ratio: 0.20% per year.

What is the main difference between SYBS.DE and XLIQ.DE?

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