ESGU.DE vs. SPYL.DE
ESGU.DE (Invesco MSCI USA ESG Universal Screened UCITS ETF Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ESGU.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Universal Select Business Screens, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ESGU.DE returned 25.15% vs 25.61% for SPYL.DE. With a 0.98 correlation, they move nearly in lockstep. ESGU.DE charges 0.09%/yr vs 0.03%/yr for SPYL.DE.
Performance
ESGU.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGU.DE achieves a 12.55% return, which is significantly higher than SPYL.DE's 11.37% return.
ESGU.DE
- 1D
- -0.51%
- 1M
- 5.84%
- YTD
- 12.55%
- 6M
- 12.15%
- 1Y
- 25.15%
- 3Y*
- 18.92%
- 5Y*
- 13.90%
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGU.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ESGU.DE Invesco MSCI USA ESG Universal Screened UCITS ETF Acc | 12.55% | 3.01% | 31.66% | 9.86% |
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 ESGU.DE and SPYL.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.98 |
The correlation between ESGU.DE and SPYL.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
ESGU.DE vs. SPYL.DE — Risk / Return Rank
ESGU.DE
SPYL.DE
ESGU.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE) 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.
| ESGU.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 3.58 | -0.47 |
| Martin ratioReturn relative to average drawdown | 10.84 | 12.72 | -1.88 |
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
| ESGU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.21 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.54 | -0.64 |
Drawdowns
ESGU.DE vs. SPYL.DE - Drawdown Comparison
The maximum ESGU.DE drawdown since its inception was -32.63%, 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 ESGU.DE and SPYL.DE.
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Drawdown Indicators
| ESGU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.63% | -23.27% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -7.13% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -23.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.69% | — | — |
Current DrawdownCurrent decline from peak | -0.53% | -0.46% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -3.24% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.01% | +0.30% |
Volatility
ESGU.DE vs. SPYL.DE - Volatility Comparison
Invesco MSCI USA ESG Universal Screened UCITS ETF Acc (ESGU.DE) has a higher volatility of 2.90% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that ESGU.DE'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
| ESGU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.66% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.14% | 7.57% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 11.52% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 14.61% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 14.61% | +2.86% |
ESGU.DE vs. SPYL.DE - Expense Ratio Comparison
ESGU.DE has a 0.09% expense ratio, which is higher than SPYL.DE's 0.03% 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
ESGU.DE vs. SPYL.DE - Dividend Comparison
Neither ESGU.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, ESGU.DE and SPYL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.09% for ESGU.DE.
ESGU.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. ESGU.DE tracks MSCI USA ESG Universal Select Business Screens, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.09% for ESGU.DE and 0.03% for SPYL.DE.
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