18MF.DE vs. SPYI.DE
18MF.DE (Amundi ETF Leveraged MSCI USA Daily UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - 18MF.DE is a Leveraged Equities fund tracking the MSCI USA Index (200%), while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, 18MF.DE returned 24.04%/yr vs 11.59%/yr for SPYI.DE. Their correlation of 0.91 suggests significant overlap in exposure. 18MF.DE charges 0.50%/yr vs 0.17%/yr for SPYI.DE.
Performance
18MF.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18MF.DE achieves a 21.77% return, which is significantly higher than SPYI.DE's 13.13% return. Over the past 10 years, 18MF.DE has outperformed SPYI.DE with an annualized return of 24.04%, while SPYI.DE has yielded a comparatively lower 11.59% annualized return.
18MF.DE
- 1D
- -2.45%
- 1M
- 1.46%
- 6M
- 17.56%
- YTD
- 21.77%
- 1Y
- 40.50%
- 3Y*
- 32.11%
- 5Y*
- 20.29%
- 10Y*
- 24.04%
SPYI.DE
- 1D
- -1.22%
- 1M
- -0.62%
- 6M
- 9.40%
- YTD
- 13.13%
- 1Y
- 23.93%
- 3Y*
- 17.27%
- 5Y*
- 11.23%
- 10Y*
- 11.59%
18MF.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18MF.DE Amundi ETF Leveraged MSCI USA Daily UCITS ETF | 21.77% | 1.66% | 64.14% | 43.16% | -33.46% | 88.21% | 5.26% | 77.73% | -5.67% | 12.00% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.13% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 5.37% | 29.81% | -6.73% | 8.25% |
Correlation
The correlation between 18MF.DE and SPYI.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.91 |
The correlation between 18MF.DE and SPYI.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
18MF.DE vs. SPYI.DE — Risk / Return Rank
18MF.DE
SPYI.DE
18MF.DE vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| 18MF.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.69 | -0.88 |
| Martin ratioReturn relative to average drawdown | 9.41 | 14.57 | -5.16 |
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Drawdowns
18MF.DE vs. SPYI.DE - Drawdown Comparison
The maximum 18MF.DE drawdown since its inception was -59.64%, which is greater than SPYI.DE's maximum drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for 18MF.DE and SPYI.DE.
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Drawdown Indicators
| 18MF.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.64% | -41.58% | -18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -14.34% | -6.45% | -7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -42.91% | -21.64% | -21.27% |
Max Drawdown (5Y)Largest decline over 5 years | -42.91% | -21.64% | -21.27% |
Max Drawdown (10Y)Largest decline over 10 years | -59.64% | -34.49% | -25.15% |
Current DrawdownCurrent decline from peak | -2.73% | -1.83% | -0.90% |
Average DrawdownAverage peak-to-trough decline | -9.87% | -8.38% | -1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.29% | 1.64% | +2.65% |
Volatility
18MF.DE vs. SPYI.DE - Volatility Comparison
Amundi ETF Leveraged MSCI USA Daily UCITS ETF (18MF.DE) has a higher volatility of 6.09% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.13%. This indicates that 18MF.DE's price experiences larger fluctuations and is considered to be riskier than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18MF.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.09% | 3.13% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 8.64% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.78% | 11.80% | +11.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.97% | 13.98% | +16.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.53% | 15.92% | +16.61% |
18MF.DE vs. SPYI.DE - Expense Ratio Comparison
18MF.DE has a 0.50% expense ratio, which is higher than SPYI.DE's 0.17% expense ratio.
Dividends
18MF.DE vs. SPYI.DE - Dividend Comparison
Neither 18MF.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, 18MF.DE and SPYI.DE 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.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.50% for 18MF.DE.
18MF.DE is categorized as Leveraged Equities, while SPYI.DE is Global Equities. 18MF.DE tracks MSCI USA Index (200%), while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.50% for 18MF.DE and 0.17% for SPYI.DE.
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