VECP.DE vs. SYBD.DE
VECP.DE (Vanguard EUR Corporate Bond UCITS ETF Distributing) and SYBD.DE (SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF) are both European Corporate Bonds funds - VECP.DE tracks the Bloomberg Euro Corp TR EUR while SYBD.DE tracks the Bloomberg Euro Corporate Bond 0-3. Both are passively managed. Over the past 5 years, VECP.DE returned 0.20%/yr vs 1.59%/yr for SYBD.DE. At a 0.45 correlation, their price movements are largely independent. VECP.DE charges 0.09%/yr vs 0.20%/yr for SYBD.DE.
Performance
VECP.DE vs. SYBD.DE - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VECP.DE at 0.52% and SYBD.DE at 0.52%.
VECP.DE
- 1D
- 0.10%
- 1M
- 0.70%
- YTD
- 0.52%
- 6M
- 0.36%
- 1Y
- 1.80%
- 3Y*
- 4.57%
- 5Y*
- 0.20%
- 10Y*
- —
SYBD.DE
- 1D
- 0.02%
- 1M
- 0.35%
- YTD
- 0.52%
- 6M
- 0.73%
- 1Y
- 1.86%
- 3Y*
- 3.69%
- 5Y*
- 1.59%
- 10Y*
- 0.86%
VECP.DE vs. SYBD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 0.52% | 3.00% | 4.33% | 7.73% | -13.11% | -0.93% | 2.85% | 6.02% | -1.10% | 0.23% |
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 0.52% | 2.96% | 4.34% | 4.07% | -3.54% | -0.12% | 0.15% | 0.94% | -0.65% | -0.10% |
Correlation
The correlation between VECP.DE and SYBD.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.45 |
The correlation between VECP.DE and SYBD.DE shifts across timeframes, from 0.35 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VECP.DE vs. SYBD.DE — Risk / Return Rank
VECP.DE
SYBD.DE
VECP.DE vs. SYBD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) and SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.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.
| VECP.DE | SYBD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.18 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 2.00 | -1.33 |
| Martin ratioReturn relative to average drawdown | 2.33 | 7.77 | -5.44 |
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
| VECP.DE | SYBD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 0.86 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.72 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.32 | -0.14 |
Drawdowns
VECP.DE vs. SYBD.DE - Drawdown Comparison
The maximum VECP.DE drawdown since its inception was -17.05%, which is greater than SYBD.DE's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for VECP.DE and SYBD.DE.
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Drawdown Indicators
| VECP.DE | SYBD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -8.72% | -8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -0.92% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -1.76% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -17.05% | -4.96% | -12.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.72% | — |
Current DrawdownCurrent decline from peak | -0.67% | -0.27% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -4.33% | -0.72% | -3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.24% | +0.53% |
Volatility
VECP.DE vs. SYBD.DE - Volatility Comparison
Vanguard EUR Corporate Bond UCITS ETF Distributing (VECP.DE) has a higher volatility of 1.22% compared to SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF (SYBD.DE) at 0.91%. This indicates that VECP.DE's price experiences larger fluctuations and is considered to be riskier than SYBD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VECP.DE | SYBD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 0.91% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 2.04% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 2.16% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.50% | 2.19% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.08% | 3.08% | +2.00% |
VECP.DE vs. SYBD.DE - Expense Ratio Comparison
VECP.DE has a 0.09% expense ratio, which is lower than SYBD.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
VECP.DE vs. SYBD.DE - Dividend Comparison
VECP.DE's dividend yield for the trailing twelve months is around 3.41%, more than SYBD.DE's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBD.DE SPDR Bloomberg 0-3 Year Corporate Bond UCITS ETF | 2.96% | 3.05% | 2.59% | 1.27% | 0.19% | 0.30% | 0.24% | 0.25% | 0.11% | 0.28% | 0.50% | 0.72% |
VECP.DE Vanguard EUR Corporate Bond UCITS ETF Distributing | 3.41% | 3.43% | 3.37% | 3.00% | 1.45% | 0.66% | 0.76% | 0.79% | 0.97% | 0.19% | 0.00% | 0.00% |
Frequently Asked Questions
VECP.DE and SYBD.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VECP.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VECP.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for SYBD.DE.
VECP.DE tracks Bloomberg Euro Corp TR EUR, while SYBD.DE tracks Bloomberg Euro Corporate Bond 0-3. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.09% for VECP.DE and 0.20% for SYBD.DE.
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