10AJ.DE vs. SPYI

Last updated Jun 5, 2026

10AJ.DE (Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist) and SPYI (NEOS S&P 500 High Income ETF) are both exchange-traded funds - 10AJ.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while SPYI is a Derivative Income fund actively managed by Neos. 10AJ.DE is passively managed, while SPYI is actively managed. Over the past 3 years, 10AJ.DE returned 5.94%/yr vs 12.77%/yr for SPYI. At a 0.28 correlation, their price movements are largely independent. 10AJ.DE charges 0.24%/yr vs 0.68%/yr for SPYI.

Performance

10AJ.DE vs. SPYI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) and NEOS S&P 500 High Income ETF (SPYI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

10AJ.DE is traded in EUR, while SPYI is traded in USD. To make them comparable, the SPYI values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with 10AJ.DE having a 7.96% return and SPYI slightly lower at 7.73%.

10AJ.DE

• 1D: -0.04%
• 1M: -2.40%
• YTD: 7.96%
• 6M: 7.43%
• 1Y: 9.54%
• 3Y*: 5.94%
• 5Y*: 1.87%
• 10Y*: —

SPYI

• 1D: -1.46%
• 1M: 2.18%
• YTD: 7.73%
• 6M: 7.10%
• 1Y: 20.07%
• 3Y*: 12.77%
• 5Y*: —
• 10Y*: —

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

10AJ.DE vs. SPYI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
10AJ.DE Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist	7.96%	-1.85%	5.52%	6.85%	-13.46%
SPYI NEOS S&P 500 High Income ETF	7.73%	2.82%	26.89%	14.55%	-8.73%

Correlation

The correlation between 10AJ.DE and SPYI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022	0.28

Return for Risk

10AJ.DE vs. SPYI — Risk / Return Rank

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

10AJ.DE

10AJ.DE Risk / Return Rank: 25
10AJ.DE Sharpe Ratio Rank: 25
10AJ.DE Sortino Ratio Rank: 24
10AJ.DE Omega Ratio Rank: 24
10AJ.DE Calmar Ratio Rank: 26
10AJ.DE Martin Ratio Rank: 28

SPYI

SPYI Risk / Return Rank: 66
SPYI Sharpe Ratio Rank: 65
SPYI Sortino Ratio Rank: 62
SPYI Omega Ratio Rank: 72
SPYI Calmar Ratio Rank: 56
SPYI Martin Ratio Rank: 75

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.

10AJ.DE vs. SPYI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) and NEOS S&P 500 High Income ETF (SPYI). 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.

	10AJ.DE	SPYI	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.90	-1.05
Sortino ratio: Return per unit of downside risk	1.23	2.49	-1.26
Omega ratio: Gain probability vs. loss probability	1.15	1.37	-0.21
Calmar ratio: Return relative to maximum drawdown	1.20	3.46	-2.26
Martin ratio: Return relative to average drawdown	3.94	13.89	-9.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

10AJ.DE vs. SPYI - Sharpe Ratio Comparison

The current 10AJ.DE Sharpe Ratio is 0.85, which is lower than the SPYI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of 10AJ.DE and SPYI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	10AJ.DE	SPYI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.90	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.78	-0.56

Drawdowns

10AJ.DE vs. SPYI - Drawdown Comparison

The maximum 10AJ.DE drawdown since its inception was -42.62%, which is greater than SPYI's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for 10AJ.DE and SPYI.

Drawdown Indicators

	10AJ.DE	SPYI	Difference
Max Drawdown Largest peak-to-trough decline	-42.62%	-21.83%	-20.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-5.82%	-2.07%
Max Drawdown (3Y) Largest decline over 3 years	-20.52%	-21.83%	+1.31%
Max Drawdown (5Y) Largest decline over 5 years	-30.01%	—	—
Current Drawdown Current decline from peak	-6.63%	-1.47%	-5.16%
Average Drawdown Average peak-to-trough decline	-12.13%	-3.46%	-8.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	1.45%	+0.96%

Volatility

10AJ.DE vs. SPYI - Volatility Comparison

Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist (10AJ.DE) has a higher volatility of 2.70% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.09%. This indicates that 10AJ.DE's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	10AJ.DE	SPYI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.09%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	8.38%	7.43%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	10.61%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	13.89%	+0.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	13.89%	+3.21%

10AJ.DE vs. SPYI - Expense Ratio Comparison

10AJ.DE has a 0.24% expense ratio, which is lower than SPYI's 0.68% expense ratio.

Dividends

10AJ.DE vs. SPYI - Dividend Comparison

10AJ.DE's dividend yield for the trailing twelve months is around 2.77%, less than SPYI's 11.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
10AJ.DE Amundi Index FTSE EPRA NAREIT Global UCITS ETF EUR Dist	2.77%	2.99%	2.94%	2.98%	3.23%	2.13%	3.10%	2.92%	2.63%
SPYI NEOS S&P 500 High Income ETF	11.87%	11.70%	12.04%	12.01%	4.10%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both 10AJ.DE and SPYI in my portfolio?

10AJ.DE and SPYI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 10AJ.DE or SPYI?

On fees, 10AJ.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 10AJ.DE or SPYI?

10AJ.DE is cheaper with a 0.24% expense ratio, compared with 0.68% for SPYI.

What is the main difference between 10AJ.DE and SPYI?

10AJ.DE is categorized as REIT, while SPYI is Derivative Income. They also come from different issuers: Amundi and Neos. Their fees differ too: 0.24% for 10AJ.DE and 0.68% for SPYI.