639.DE vs. IUSQ.DE
639.DE (Spotify Technology SA) is a stock, while IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) is Global Equities fund tracking the MSCI All Country World (ACWI). Over the past 5 years, 639.DE returned 17.19%/yr vs 12.42%/yr for IUSQ.DE. At a 0.43 correlation, their price movements are largely independent.
Performance
639.DE vs. IUSQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 639.DE achieves a -13.47% return, which is significantly lower than IUSQ.DE's 12.65% return.
639.DE
- 1D
- 1.78%
- 1M
- 21.05%
- YTD
- -13.47%
- 6M
- -11.90%
- 1Y
- -31.49%
- 3Y*
- 43.17%
- 5Y*
- 17.19%
- 10Y*
- —
IUSQ.DE
- 1D
- -0.23%
- 1M
- 3.68%
- YTD
- 12.65%
- 6M
- 12.87%
- 1Y
- 26.39%
- 3Y*
- 17.93%
- 5Y*
- 12.42%
- 10Y*
- 12.38%
639.DE vs. IUSQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
639.DE Spotify Technology SA | -13.47% | 14.98% | 150.41% | 136.91% | -64.86% | -21.16% | 91.77% | 35.16% | -22.23% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 12.65% | 9.02% | 24.53% | 18.57% | -13.58% | 29.13% | 4.94% | 30.14% | -1.29% |
Correlation
The correlation between 639.DE and IUSQ.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2018 | 0.43 |
Over the past year, the correlation between 639.DE and IUSQ.DE has dropped to 0.21 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.
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Return for Risk
639.DE vs. IUSQ.DE — Risk / Return Rank
639.DE
IUSQ.DE
639.DE vs. IUSQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spotify Technology SA (639.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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.
| 639.DE | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.95 | ||
| Sortino ratioReturn per unit of downside risk | -3.96 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.43 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 4.08 | -4.71 |
| Martin ratioReturn relative to average drawdown | -1.12 | 16.69 | -17.81 |
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
| 639.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | 2.31 | -2.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.88 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.76 | -0.43 |
Drawdowns
639.DE vs. IUSQ.DE - Drawdown Comparison
The maximum 639.DE drawdown since its inception was -76.96%, which is greater than IUSQ.DE's maximum drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for 639.DE and IUSQ.DE.
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Drawdown Indicators
| 639.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.96% | -33.60% | -43.36% |
Max Drawdown (1Y)Largest decline over 1 year | -47.22% | -6.48% | -40.74% |
Max Drawdown (3Y)Largest decline over 3 years | -47.22% | -21.25% | -25.97% |
Max Drawdown (5Y)Largest decline over 5 years | -73.53% | -21.25% | -52.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.60% | — |
Current DrawdownCurrent decline from peak | -35.88% | -0.55% | -35.33% |
Average DrawdownAverage peak-to-trough decline | -28.54% | -4.19% | -24.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.76% | 1.59% | +25.17% |
Volatility
639.DE vs. IUSQ.DE - Volatility Comparison
Spotify Technology SA (639.DE) has a higher volatility of 16.84% compared to iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) at 3.03%. This indicates that 639.DE's price experiences larger fluctuations and is considered to be riskier than IUSQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 639.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.84% | 3.03% | +13.81% |
Volatility (6M)Calculated over the trailing 6-month period | 38.51% | 8.26% | +30.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.34% | 11.47% | +34.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.08% | 13.94% | +32.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.53% | 15.02% | +31.51% |
Dividends
639.DE vs. IUSQ.DE - Dividend Comparison
Neither 639.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
639.DE and IUSQ.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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