3SUR.DE vs. SPYL.DE
3SUR.DE (iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - 3SUR.DE is a Large Cap Blend Equities fund tracking the MSCI USA SRI Select Reduced Fossil Fuels (EUR Hedged) Index, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, 3SUR.DE returned 18.83% vs 23.84% for SPYL.DE. A 0.71 correlation means they provide meaningful diversification when combined. 3SUR.DE charges 0.23%/yr vs 0.03%/yr for SPYL.DE.
Performance
3SUR.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 3SUR.DE achieves a 13.80% return, which is significantly higher than SPYL.DE's 11.99% return.
3SUR.DE
- 1D
- 0.54%
- 1M
- 1.52%
- 6M
- 14.74%
- YTD
- 13.80%
- 1Y
- 18.83%
- 3Y*
- 13.80%
- 5Y*
- 8.24%
- 10Y*
- —
SPYL.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 12.78%
- YTD
- 11.99%
- 1Y
- 23.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
3SUR.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
3SUR.DE iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) | 13.80% | 9.40% | 11.63% | 15.92% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.99% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between 3SUR.DE and SPYL.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.71 |
The correlation between 3SUR.DE and SPYL.DE has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
3SUR.DE vs. SPYL.DE — Risk / Return Rank
3SUR.DE
SPYL.DE
3SUR.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) (3SUR.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| 3SUR.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 3.36 | -1.24 |
| Martin ratioReturn relative to average drawdown | 7.81 | 11.80 | -3.99 |
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Drawdowns
3SUR.DE vs. SPYL.DE - Drawdown Comparison
The maximum 3SUR.DE drawdown since its inception was -33.43%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for 3SUR.DE and SPYL.DE.
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Drawdown Indicators
| 3SUR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -23.27% | -10.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.85% | -7.13% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.69% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.86% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -6.48% | -3.31% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.03% | +0.37% |
Volatility
3SUR.DE vs. SPYL.DE - Volatility Comparison
iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) (3SUR.DE) has a higher volatility of 4.81% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 3.64%. This indicates that 3SUR.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3SUR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 3.64% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 8.15% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 12.03% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.51% | 15.00% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.78% | 15.00% | +2.78% |
3SUR.DE vs. SPYL.DE - Expense Ratio Comparison
3SUR.DE has a 0.23% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
3SUR.DE vs. SPYL.DE - Dividend Comparison
3SUR.DE's dividend yield for the trailing twelve months is around 0.88%, while SPYL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
3SUR.DE iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) | 0.88% | 0.91% | 1.11% | 1.24% | 1.42% | 0.94% | 0.95% | 1.19% | 0.60% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
3SUR.DE and SPYL.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.23% for 3SUR.DE.
3SUR.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. 3SUR.DE tracks MSCI USA SRI Select Reduced Fossil Fuels (EUR Hedged) Index, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.23% for 3SUR.DE and 0.03% for SPYL.DE.
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