BATE.DE vs. SPYU.DE
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped. Both are passively managed. Over the past 5 years, BATE.DE returned 14.60%/yr vs 12.74%/yr for SPYU.DE. At a 0.32 correlation, their price movements are largely independent. BATE.DE charges 0.49%/yr vs 0.18%/yr for SPYU.DE.
Performance
BATE.DE vs. SPYU.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly higher than SPYU.DE's 17.45% return.
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
SPYU.DE
- 1D
- 1.76%
- 1M
- 0.96%
- YTD
- 17.45%
- 6M
- 18.51%
- 1Y
- 29.73%
- 3Y*
- 18.17%
- 5Y*
- 12.74%
- 10Y*
- 11.94%
BATE.DE vs. SPYU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 17.45% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 5.22% |
Correlation
The correlation between BATE.DE and SPYU.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.32 |
The correlation between BATE.DE and SPYU.DE shifts across timeframes, from 0.17 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BATE.DE vs. SPYU.DE — Risk / Return Rank
BATE.DE
SPYU.DE
BATE.DE vs. SPYU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.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.
| BATE.DE | SPYU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | 3.99 | +2.69 |
| Martin ratioReturn relative to average drawdown | 22.65 | 10.69 | +11.96 |
Loading charts...
Drawdowns
BATE.DE vs. SPYU.DE - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.43%, which is greater than SPYU.DE's maximum drawdown of -32.98%. Use the drawdown chart below to compare losses from any high point for BATE.DE and SPYU.DE.
Loading charts...
Drawdown Indicators
| BATE.DE | SPYU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -32.98% | -3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -7.43% | -7.69% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -13.44% | -20.61% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -22.28% | -11.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.98% | — |
Current DrawdownCurrent decline from peak | -13.66% | -1.55% | -12.11% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -7.00% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 2.77% | +1.69% |
Volatility
BATE.DE vs. SPYU.DE - Volatility Comparison
Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) at 3.15%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier than SPYU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BATE.DE | SPYU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 3.15% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 24.43% | 13.08% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 15.03% | +15.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 16.00% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 16.94% | +6.63% |
BATE.DE vs. SPYU.DE - Expense Ratio Comparison
BATE.DE has a 0.49% expense ratio, which is higher than SPYU.DE's 0.18% expense ratio.
Dividends
BATE.DE vs. SPYU.DE - Dividend Comparison
Neither BATE.DE nor SPYU.DE has paid dividends to shareholders.
Frequently Asked Questions
BATE.DE and SPYU.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYU.DE is cheaper with a 0.18% expense ratio, compared with 0.49% for BATE.DE.
BATE.DE is categorized as Lithium & Battery Metals, while SPYU.DE is Utilities Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while SPYU.DE tracks MSCI Europe Utilities 20/35 Capped. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.49% for BATE.DE and 0.18% for SPYU.DE.
Find the right allocation for BATE.DE and SPYU.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer