ASML.AS vs. SPYL.DE
ASML.AS (ASML Holding N.V.) is a stock, while SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) is S&P 500 fund tracking the S&P 500 Index. Over the past year, ASML.AS returned 147.16% vs 26.53% for SPYL.DE. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
ASML.AS vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASML.AS achieves a 77.49% return, which is significantly higher than SPYL.DE's 11.37% return.
ASML.AS
- 1D
- 3.40%
- 1M
- 24.72%
- YTD
- 77.49%
- 6M
- 76.74%
- 1Y
- 147.16%
- 3Y*
- 34.95%
- 5Y*
- 24.36%
- 10Y*
- 35.87%
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.89%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASML.AS vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASML.AS ASML Holding N.V. | 77.49% | 37.08% | 0.36% | 20.90% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between ASML.AS and SPYL.DE is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.58 |
The correlation between ASML.AS and SPYL.DE has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
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Return for Risk
ASML.AS vs. SPYL.DE — Risk / Return Rank
ASML.AS
SPYL.DE
ASML.AS vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASML Holding N.V. (ASML.AS) 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.
| ASML.AS | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.41 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 8.87 | 3.58 | +5.30 |
| Martin ratioReturn relative to average drawdown | 23.14 | 12.72 | +10.42 |
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Drawdowns
ASML.AS vs. SPYL.DE - Drawdown Comparison
The maximum ASML.AS drawdown since its inception was -56.76%, 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 ASML.AS and SPYL.DE.
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Drawdown Indicators
| ASML.AS | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.76% | -23.27% | -33.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -7.13% | -8.68% |
Max Drawdown (3Y)Largest decline over 3 years | -44.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -47.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.93% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -14.83% | -3.23% | -11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.09% | 2.01% | +4.08% |
Volatility
ASML.AS vs. SPYL.DE - Volatility Comparison
ASML Holding N.V. (ASML.AS) has a higher volatility of 13.41% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that ASML.AS'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
| ASML.AS | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.41% | 2.66% | +10.75% |
Volatility (6M)Calculated over the trailing 6-month period | 31.18% | 7.57% | +23.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.46% | 11.52% | +28.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.54% | 14.60% | +23.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.18% | 14.60% | +19.58% |
Dividends
ASML.AS vs. SPYL.DE - Dividend Comparison
ASML.AS's dividend yield for the trailing twelve months is around 0.46%, while SPYL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASML.AS ASML Holding N.V. | 0.46% | 0.71% | 0.92% | 0.87% | 1.28% | 0.47% | 0.64% | 1.19% | 1.02% | 0.83% | 0.98% | 0.85% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASML.AS and SPYL.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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