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DLAKY vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DLAKY vs. SPY

Last updated Jun 23, 2026

DLAKY (Deutsche Lufthansa AG ADR) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, DLAKY returned 3.94%/yr vs 15.70%/yr for SPY. At a 0.40 correlation, their price movements are largely independent.

Performance

DLAKY vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Deutsche Lufthansa AG ADR (DLAKY) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with DLAKY having a 10.09% return and SPY slightly lower at 9.74%. Over the past 10 years, DLAKY has underperformed SPY with an annualized return of 3.94%, while SPY has yielded a comparatively higher 15.70% annualized return.

DLAKY

1D
-0.77%
1M
12.85%
YTD
10.09%
6M
7.94%
1Y
37.49%
3Y*
5.77%
5Y*
6.88%
10Y*
3.94%

SPY

1D
-0.31%
1M
0.09%
YTD
9.74%
6M
9.27%
1Y
26.65%
3Y*
21.27%
5Y*
13.51%
10Y*
15.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DLAKY vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DLAKY
Deutsche Lufthansa AG ADR		10.09%60.31%-23.97%6.86%15.50%-23.86%-27.66%-18.63%-36.12%191.82%
SPY
State Street SPDR S&P 500 ETF		9.74%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between DLAKY and SPY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.35

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (10Y)
Calculated over the trailing 10-year period

0.35

Correlation (All Time)
Calculated using the full available price history since Mar 11, 2002

0.40

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Deutsche Lufthansa AG ADR

State Street SPDR S&P 500 ETF

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Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

DLAKY vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DLAKY
DLAKY Risk / Return Rank: 7070
Overall Rank
DLAKY Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DLAKY Sortino Ratio Rank: 7070
Sortino Ratio Rank
DLAKY Omega Ratio Rank: 6666
Omega Ratio Rank
DLAKY Calmar Ratio Rank: 6969
Calmar Ratio Rank
DLAKY Martin Ratio Rank: 6969
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 6868
Overall Rank
SPY Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6666
Sortino Ratio Rank
SPY Omega Ratio Rank: 6868
Omega Ratio Rank
SPY Calmar Ratio Rank: 6363
Calmar Ratio Rank
SPY Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DLAKY vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deutsche Lufthansa AG ADR (DLAKY) and State Street SPDR S&P 500 ETF (SPY). 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.

DLAKYSPYDifference
Sharpe ratioReturn per unit of total volatility
1.05
2.16

-1.11

Sortino ratioReturn per unit of downside risk
1.68
2.91

-1.23

Omega ratioGain probability vs. loss probability

1.19

1.39

-0.20

Calmar ratioReturn relative to maximum drawdown

1.45

3.01

-1.56

Martin ratioReturn relative to average drawdown

3.30

13.54

-10.24

DLAKY vs. SPY - Sharpe Ratio Comparison

The current DLAKY Sharpe Ratio is 1.05, which is lower than the SPY Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of DLAKY and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DLAKY vs. SPY - Drawdown Comparison

The maximum DLAKY drawdown since its inception was -78.13%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DLAKY and SPY.

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Drawdown Indicators

DLAKYSPYDifference

Max Drawdown

Largest peak-to-trough decline

-78.13%

-55.19%

-22.94%

Max Drawdown (1Y)

Largest decline over 1 year

-25.91%

-8.88%

-17.03%

Max Drawdown (3Y)

Largest decline over 3 years

-42.07%

-18.76%

-23.31%

Max Drawdown (5Y)

Largest decline over 5 years

-48.49%

-24.50%

-23.99%

Max Drawdown (10Y)

Largest decline over 10 years

-78.13%

-33.72%

-44.41%

Current Drawdown

Current decline from peak

-53.04%

-1.75%

-51.29%

Average Drawdown

Average peak-to-trough decline

-41.08%

-9.04%

-32.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.40%

1.97%

+9.43%

Volatility

DLAKY vs. SPY - Volatility Comparison

Deutsche Lufthansa AG ADR (DLAKY) has a higher volatility of 9.29% compared to State Street SPDR S&P 500 ETF (SPY) at 4.64%. This indicates that DLAKY's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DLAKYSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.29%

4.64%

+4.65%

Volatility (6M)

Calculated over the trailing 6-month period

28.22%

9.75%

+18.47%

Volatility (1Y)

Calculated over the trailing 1-year period

36.11%

12.43%

+23.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.66%

17.14%

+19.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.34%

17.99%

+21.35%

Dividends

DLAKY vs. SPY - Dividend Comparison

DLAKY's dividend yield for the trailing twelve months is around 3.68%, more than SPY's 1.01% yield.

PositionTTM20252024202320222021202020192018201720162015
DLAKY
Deutsche Lufthansa AG ADR		3.68%3.37%5.08%0.00%0.00%41.35%0.00%3.53%3.10%1.07%3.03%0.00%
SPY
State Street SPDR S&P 500 ETF		1.01%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

DLAKY and SPY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DLAKY has higher volatility (9.29%) compared to SPY (4.64%). In terms of maximum drawdown, DLAKY dropped -78.13% vs SPY's -55.19%.

SPY currently has the higher Sharpe Ratio (2.16 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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