CAUT.DE vs. SPYK.DE
CAUT.DE (Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating) and SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) are both Technology Equities funds - CAUT.DE tracks the Solactive China Electric Vehicle and Battery while SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped. Both are passively managed. Over the past 3 years, CAUT.DE returned 1.53%/yr vs 24.74%/yr for SPYK.DE. At a 0.18 correlation, their price movements are largely independent. CAUT.DE charges 0.68%/yr vs 0.18%/yr for SPYK.DE.
Performance
CAUT.DE vs. SPYK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CAUT.DE achieves a 0.51% return, which is significantly lower than SPYK.DE's 50.09% return.
CAUT.DE
- 1D
- -2.17%
- 1M
- -12.56%
- YTD
- 0.51%
- 6M
- 5.19%
- 1Y
- 33.26%
- 3Y*
- 1.53%
- 5Y*
- —
- 10Y*
- —
SPYK.DE
- 1D
- 0.27%
- 1M
- 20.48%
- YTD
- 50.09%
- 6M
- 47.63%
- 1Y
- 59.88%
- 3Y*
- 24.74%
- 5Y*
- 15.13%
- 10Y*
- 16.39%
CAUT.DE vs. SPYK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CAUT.DE Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating | 0.51% | 27.42% | 9.31% | -35.25% | -26.40% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -16.85% |
Correlation
The correlation between CAUT.DE and SPYK.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2022 | 0.18 |
The correlation between CAUT.DE and SPYK.DE shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CAUT.DE vs. SPYK.DE — Risk / Return Rank
CAUT.DE
SPYK.DE
CAUT.DE vs. SPYK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating (CAUT.DE) and SPDR MSCI Europe Technology UCITS ETF (SPYK.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.
| CAUT.DE | SPYK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.38 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 4.59 | -2.50 |
| Martin ratioReturn relative to average drawdown | 4.42 | 12.19 | -7.77 |
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
| CAUT.DE | SPYK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.18 | 2.30 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.58 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.63 | -0.90 |
Drawdowns
CAUT.DE vs. SPYK.DE - Drawdown Comparison
The maximum CAUT.DE drawdown since its inception was -69.24%, which is greater than SPYK.DE's maximum drawdown of -38.45%. Use the drawdown chart below to compare losses from any high point for CAUT.DE and SPYK.DE.
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Drawdown Indicators
| CAUT.DE | SPYK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.24% | -38.45% | -30.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -12.99% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -42.32% | -27.02% | -15.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.45% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.45% | — |
Current DrawdownCurrent decline from peak | -43.96% | -0.09% | -43.87% |
Average DrawdownAverage peak-to-trough decline | -45.53% | -8.36% | -37.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 4.90% | +2.61% |
Volatility
CAUT.DE vs. SPYK.DE - Volatility Comparison
The current volatility for Global X China Electric Vehicle and Battery UCITS ETF USD Accumulating (CAUT.DE) is 6.05%, while SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a volatility of 10.31%. This indicates that CAUT.DE experiences smaller price fluctuations and is considered to be less risky than SPYK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAUT.DE | SPYK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 10.31% | -4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 18.36% | 20.95% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.22% | 25.88% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.13% | 25.86% | +7.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.13% | 24.18% | +8.95% |
CAUT.DE vs. SPYK.DE - Expense Ratio Comparison
CAUT.DE has a 0.68% expense ratio, which is higher than SPYK.DE's 0.18% expense ratio.
Dividends
CAUT.DE vs. SPYK.DE - Dividend Comparison
Neither CAUT.DE nor SPYK.DE has paid dividends to shareholders.
Frequently Asked Questions
CAUT.DE and SPYK.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.68% for CAUT.DE.
CAUT.DE tracks Solactive China Electric Vehicle and Battery, while SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped. They also come from different issuers: Global X and State Street. Their fees differ too: 0.68% for CAUT.DE and 0.18% for SPYK.DE.
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