ASRW.DE vs. SPPY.DE
ASRW.DE (BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - ASRW.DE is a ESG fund tracking the MSCI World Select Filtered Min TE Index, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past year, ASRW.DE returned 20.29% vs 22.66% for SPPY.DE. Their correlation of 0.87 suggests significant overlap in exposure. ASRW.DE charges 0.16%/yr vs 0.10%/yr for SPPY.DE.
Performance
ASRW.DE vs. SPPY.DE - Performance Comparison
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Different Trading Currencies
ASRW.DE is traded in USD, while SPPY.DE is traded in EUR. To make them comparable, the SPPY.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ASRW.DE having a 8.77% return and SPPY.DE slightly higher at 8.91%.
ASRW.DE
- 1D
- -1.05%
- 1M
- -0.63%
- 6M
- 7.55%
- YTD
- 8.77%
- 1Y
- 20.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPPY.DE
- 1D
- -1.11%
- 1M
- -0.13%
- 6M
- 8.29%
- YTD
- 8.91%
- 1Y
- 22.66%
- 3Y*
- 19.42%
- 5Y*
- 13.62%
- 10Y*
- —
ASRW.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ASRW.DE BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc | 8.77% | 20.73% | 10.39% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 8.91% | 17.89% | 12.65% |
Correlation
The correlation between ASRW.DE and SPPY.DE is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 30, 2024 | 0.87 |
The correlation between ASRW.DE and SPPY.DE has been stable across timeframes, ranging from 0.87 to 0.87 - a consistent structural relationship.
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Return for Risk
ASRW.DE vs. SPPY.DE — Risk / Return Rank
ASRW.DE
SPPY.DE
ASRW.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.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.
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.
| ASRW.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.33 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.49 | -0.12 |
| Martin ratioReturn relative to average drawdown | 9.70 | 10.61 | -0.91 |
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Drawdowns
ASRW.DE vs. SPPY.DE - Drawdown Comparison
The maximum ASRW.DE drawdown since its inception was -16.82%, smaller than the maximum SPPY.DE drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for ASRW.DE and SPPY.DE.
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Drawdown Indicators
| ASRW.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -33.81% | +16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -9.08% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.93% | — |
Current DrawdownCurrent decline from peak | -1.05% | -1.43% | +0.38% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -5.27% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 2.13% | -0.04% |
Volatility
ASRW.DE vs. SPPY.DE - Volatility Comparison
BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE) has a higher volatility of 2.87% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.62%. This indicates that ASRW.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRW.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 2.62% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 8.86% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.52% | 11.97% | +0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 16.22% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 18.19% | -3.86% |
ASRW.DE vs. SPPY.DE - Expense Ratio Comparison
ASRW.DE has a 0.16% expense ratio, which is higher than SPPY.DE's 0.10% 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
ASRW.DE vs. SPPY.DE - Dividend Comparison
Neither ASRW.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRW.DE and SPPY.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.16% for ASRW.DE.
ASRW.DE is categorized as ESG, while SPPY.DE is S&P 500. ASRW.DE tracks MSCI World Select Filtered Min TE Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.16% for ASRW.DE and 0.10% for SPPY.DE.
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