4UBQ.DE vs. SPPY.DE

Last updated Jun 5, 2026

4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - 4UBQ.DE tracks the S&P 500 ESG while SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, 4UBQ.DE returned 15.51%/yr vs 15.63%/yr for SPPY.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.

Performance

4UBQ.DE vs. SPPY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with 4UBQ.DE having a 11.15% return and SPPY.DE slightly lower at 11.08%.

4UBQ.DE

• 1D: 0.58%
• 1M: 5.42%
• YTD: 11.15%
• 6M: 11.64%
• 1Y: 28.57%
• 3Y*: 18.50%
• 5Y*: 15.51%
• 10Y*: —

SPPY.DE

• 1D: 0.58%
• 1M: 5.11%
• YTD: 11.08%
• 6M: 11.71%
• 1Y: 28.37%
• 3Y*: 18.87%
• 5Y*: 15.63%
• 10Y*: —

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

4UBQ.DE vs. SPPY.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc	11.15%	5.39%	31.02%	24.03%	-13.92%	43.62%	8.66%
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF	11.08%	4.44%	32.87%	26.92%	-14.47%	41.09%	9.62%

Correlation

The correlation between 4UBQ.DE and SPPY.DE is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020	0.99

The correlation between 4UBQ.DE and SPPY.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

4UBQ.DE vs. SPPY.DE — Risk / Return Rank

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

4UBQ.DE

4UBQ.DE Risk / Return Rank: 79
4UBQ.DE Sharpe Ratio Rank: 78
4UBQ.DE Sortino Ratio Rank: 76
4UBQ.DE Omega Ratio Rank: 78
4UBQ.DE Calmar Ratio Rank: 80
4UBQ.DE Martin Ratio Rank: 81

SPPY.DE

SPPY.DE Risk / Return Rank: 78
SPPY.DE Sharpe Ratio Rank: 76
SPPY.DE Sortino Ratio Rank: 75
SPPY.DE Omega Ratio Rank: 76
SPPY.DE Calmar Ratio Rank: 82
SPPY.DE Martin Ratio Rank: 81

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.

4UBQ.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.

	4UBQ.DE	SPPY.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.47	2.43	+0.04
Sortino ratio: Return per unit of downside risk	3.36	3.33	+0.03
Omega ratio: Gain probability vs. loss probability	1.46	1.44	+0.01
Calmar ratio: Return relative to maximum drawdown	4.10	4.21	-0.11
Martin ratio: Return relative to average drawdown	15.73	16.03	-0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

4UBQ.DE vs. SPPY.DE - Sharpe Ratio Comparison

The current 4UBQ.DE Sharpe Ratio is 2.47, which is comparable to the SPPY.DE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of 4UBQ.DE and SPPY.DE, 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

	4UBQ.DE	SPPY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	2.43	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	1.00	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.92	+0.19

Drawdowns

4UBQ.DE vs. SPPY.DE - Drawdown Comparison

The maximum 4UBQ.DE drawdown since its inception was -23.35%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for 4UBQ.DE and SPPY.DE.

Drawdown Indicators

	4UBQ.DE	SPPY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.35%	-33.31%	+9.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-6.71%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.35%	-23.82%	+0.47%
Max Drawdown (5Y) Largest decline over 5 years	-23.35%	-23.82%	+0.47%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.02%	-4.84%	+0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.77%	+0.04%

Volatility

4UBQ.DE vs. SPPY.DE - Volatility Comparison

UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) have volatilities of 2.81% and 2.69%, 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.

Volatility by Period

	4UBQ.DE	SPPY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.81%	2.69%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	7.79%	-0.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.53%	11.62%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.27%	15.43%	-0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.39%	17.57%	-2.18%

4UBQ.DE vs. SPPY.DE - Expense Ratio Comparison

Both 4UBQ.DE and SPPY.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

4UBQ.DE vs. SPPY.DE - Dividend Comparison

Neither 4UBQ.DE nor SPPY.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 4UBQ.DE and SPPY.DE in my portfolio?

With a correlation of 0.98, 4UBQ.DE and SPPY.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.

Which ETF is better, 4UBQ.DE or SPPY.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 4UBQ.DE or SPPY.DE?

4UBQ.DE and SPPY.DE have the same expense ratio: 0.10% per year.

What is the main difference between 4UBQ.DE and SPPY.DE?

4UBQ.DE tracks S&P 500 ESG, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: UBS and State Street.