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SYSB vs. FIBR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SYSB vs. FIBR

Last updated Jun 5, 2026

SYSB (iShares Systematic Bond ETF) and FIBR (iShares U.S. Fixed Income Balanced Risk Systematic ETF) are both Intermediate Core-Plus Bond funds from iShares - SYSB tracks the BlackRock Universal Systematic Bond Index while FIBR tracks the Bloomberg U.S. Fixed Income Balanced Risk Index. Both are passively managed. Over the past 10 years, SYSB returned 2.31%/yr vs 2.31%/yr for FIBR. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

SYSB vs. FIBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Systematic Bond ETF (SYSB) and iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with SYSB at 0.24% and FIBR at 0.24%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: SYSB at 2.31% and FIBR at 2.31%.

SYSB

1D
0.18%
1M
0.20%
YTD
0.24%
6M
0.32%
1Y
5.37%
3Y*
6.74%
5Y*
1.57%
10Y*
2.31%

FIBR

1D
0.18%
1M
0.20%
YTD
0.24%
6M
0.32%
1Y
5.37%
3Y*
6.74%
5Y*
1.57%
10Y*
2.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SYSB vs. FIBR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SYSB
iShares Systematic Bond ETF		0.24%8.32%6.04%8.22%-13.57%-1.00%3.31%10.03%-0.93%3.89%
FIBR
iShares U.S. Fixed Income Balanced Risk Systematic ETF		0.24%8.32%6.04%8.22%-13.57%-1.00%3.31%10.03%-0.93%3.89%

Correlation

The correlation between SYSB and FIBR is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

1.00

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

1.00

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

1.00

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

1.00

Correlation (All Time)
Calculated using the full available price history since Feb 27, 2015

1.00

The correlation between SYSB and FIBR has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Systematic Bond ETF

iShares U.S. Fixed Income Balanced Risk Systematic ETF

Often compared with SYSB:
SYSB vs. FBNDSYSB vs. JHCPSYSB vs. NCPBSYSB vs. CFITSYSB vs. APCBSYSB vs. VPLSSYSB vs. MAMB
Often compared with FIBR:
FIBR vs. CGBLFIBR vs. EAGGFIBR vs. ISTBFIBR vs. FDHYFIBR vs. RAVIFIBR vs. AGGFIBR vs. BIL

Return for Risk

SYSB vs. FIBR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SYSB
SYSB Risk / Return Rank: 3939
Overall Rank
SYSB Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
SYSB Sortino Ratio Rank: 4141
Sortino Ratio Rank
SYSB Omega Ratio Rank: 4040
Omega Ratio Rank
SYSB Calmar Ratio Rank: 3737
Calmar Ratio Rank
SYSB Martin Ratio Rank: 3636
Martin Ratio Rank
FIBR
FIBR Risk / Return Rank: 3939
Overall Rank
FIBR Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
FIBR Sortino Ratio Rank: 4141
Sortino Ratio Rank
FIBR Omega Ratio Rank: 4040
Omega Ratio Rank
FIBR Calmar Ratio Rank: 3737
Calmar Ratio Rank
FIBR Martin Ratio Rank: 3636
Martin Ratio Rank
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.

SYSB vs. FIBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Systematic Bond ETF (SYSB) and iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR). 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.

SYSBFIBRDifference
Sharpe ratioReturn per unit of total volatility
1.42
1.42

0.00

Sortino ratioReturn per unit of downside risk
2.03
2.03

0.00

Omega ratioGain probability vs. loss probability

1.26

1.26

0.00

Calmar ratioReturn relative to maximum drawdown

1.80

1.80

0.00

Martin ratioReturn relative to average drawdown

5.50

5.50

0.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SYSB vs. FIBR - Sharpe Ratio Comparison

The current SYSB Sharpe Ratio is 1.42, which is comparable to the FIBR Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of SYSB and FIBR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SYSBFIBRDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.42

1.42

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.28

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.47

0.47

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.50

0.00

Drawdowns

SYSB vs. FIBR - Drawdown Comparison

The maximum SYSB drawdown since its inception was -18.47%, roughly equal to the maximum FIBR drawdown of -18.47%. Use the drawdown chart below to compare losses from any high point for SYSB and FIBR.

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Drawdown Indicators

SYSBFIBRDifference

Max Drawdown

Largest peak-to-trough decline

-18.47%

-18.47%

0.00%

Max Drawdown (1Y)

Largest decline over 1 year

-2.99%

-2.99%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-3.08%

-3.08%

0.00%

Max Drawdown (5Y)

Largest decline over 5 years

-18.47%

-18.47%

0.00%

Max Drawdown (10Y)

Largest decline over 10 years

-18.47%

-18.47%

0.00%

Current Drawdown

Current decline from peak

-1.61%

-1.61%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.27%

-3.27%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.98%

0.98%

0.00%

Volatility

SYSB vs. FIBR - Volatility Comparison

iShares Systematic Bond ETF (SYSB) and iShares U.S. Fixed Income Balanced Risk Systematic ETF (FIBR) have volatilities of 1.40% and 1.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SYSBFIBRDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.40%

1.40%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

3.11%

3.11%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

3.80%

3.80%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.63%

5.63%

0.00%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.95%

4.95%

0.00%

SYSB vs. FIBR - Expense Ratio Comparison

Both SYSB and FIBR have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SYSB vs. FIBR - Dividend Comparison

SYSB's dividend yield for the trailing twelve months is around 4.61%, which matches FIBR's 4.61% yield.

PositionTTM20252024202320222021202020192018201720162015
FIBR
iShares U.S. Fixed Income Balanced Risk Systematic ETF		4.61%4.78%5.04%4.44%3.27%1.92%2.57%3.27%3.61%2.74%2.92%2.26%
SYSB
iShares Systematic Bond ETF		4.61%4.78%5.04%4.44%3.27%1.92%2.57%3.27%3.61%2.74%2.92%2.26%

Frequently Asked Questions

With a correlation of 1.00, SYSB and FIBR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

FIBR has higher volatility (1.40%) compared to SYSB (1.40%). In terms of maximum drawdown, SYSB dropped -18.47% vs FIBR's -18.47%.

On 10-year performance, FIBR leads with 2.31% vs 2.31% for SYSB. Both ETFs have the same 0.25% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FIBR has performed better with a 2.31% return vs 2.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SYSB and FIBR have the same expense ratio: 0.25% per year.

SYSB and FIBR have nearly identical dividend yields, around 4.61%.

SYSB tracks BlackRock Universal Systematic Bond Index, while FIBR tracks Bloomberg U.S. Fixed Income Balanced Risk Index.

FIBR currently has the higher Sharpe Ratio (1.42 vs 1.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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