EXH5.DE vs. SPYZ.DE
EXH5.DE (iShares STOXX Europe 600 Insurance UCITS ETF (DE)) and SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) are both Financials Equities funds - EXH5.DE tracks the STOXX® Europe 600 Insurance while SPYZ.DE tracks the MSCI Europe Financials 20/35 Capped. Both are passively managed. Over the past 10 years, EXH5.DE returned 11.04%/yr vs 12.24%/yr for SPYZ.DE. Their correlation of 0.88 suggests significant overlap in exposure. EXH5.DE charges 0.46%/yr vs 0.18%/yr for SPYZ.DE.
Performance
EXH5.DE vs. SPYZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXH5.DE achieves a -2.53% return, which is significantly lower than SPYZ.DE's 3.30% return. Over the past 10 years, EXH5.DE has underperformed SPYZ.DE with an annualized return of 11.04%, while SPYZ.DE has yielded a comparatively higher 12.24% annualized return.
EXH5.DE
- 1D
- 0.28%
- 1M
- -1.38%
- YTD
- -2.53%
- 6M
- 2.36%
- 1Y
- 2.81%
- 3Y*
- 18.16%
- 5Y*
- 13.96%
- 10Y*
- 11.04%
SPYZ.DE
- 1D
- 0.55%
- 1M
- 3.48%
- YTD
- 3.30%
- 6M
- 9.90%
- 1Y
- 22.41%
- 3Y*
- 28.74%
- 5Y*
- 19.38%
- 10Y*
- 12.24%
EXH5.DE vs. SPYZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXH5.DE iShares STOXX Europe 600 Insurance UCITS ETF (DE) | -2.53% | 29.72% | 22.68% | 12.56% | 3.63% | 19.44% | -10.66% | 30.48% | -7.15% | 11.47% |
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 3.30% | 48.26% | 25.23% | 21.51% | -2.51% | 28.19% | -15.32% | 24.02% | -19.59% | 12.30% |
Correlation
The correlation between EXH5.DE and SPYZ.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.88 |
The correlation between EXH5.DE and SPYZ.DE has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.
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Return for Risk
EXH5.DE vs. SPYZ.DE — Risk / Return Rank
EXH5.DE
SPYZ.DE
EXH5.DE vs. SPYZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Insurance UCITS ETF (DE) (EXH5.DE) and SPDR MSCI Europe Financials UCITS ETF (SPYZ.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.
| EXH5.DE | SPYZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.22 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.82 | -1.44 |
| Martin ratioReturn relative to average drawdown | 0.78 | 6.13 | -5.35 |
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
| EXH5.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.19 | 1.26 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 1.02 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.57 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.47 | -0.16 |
Drawdowns
EXH5.DE vs. SPYZ.DE - Drawdown Comparison
The maximum EXH5.DE drawdown since its inception was -73.44%, which is greater than SPYZ.DE's maximum drawdown of -45.16%. Use the drawdown chart below to compare losses from any high point for EXH5.DE and SPYZ.DE.
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Drawdown Indicators
| EXH5.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.44% | -45.16% | -28.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -12.28% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -12.31% | -16.91% | +4.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.63% | -23.17% | +4.54% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -45.16% | -1.39% |
Current DrawdownCurrent decline from peak | -5.47% | -2.74% | -2.73% |
Average DrawdownAverage peak-to-trough decline | -15.47% | -9.57% | -5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.65% | -0.08% |
Volatility
EXH5.DE vs. SPYZ.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 600 Insurance UCITS ETF (DE) (EXH5.DE) is 4.83%, while SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) has a volatility of 5.19%. This indicates that EXH5.DE experiences smaller price fluctuations and is considered to be less risky than SPYZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXH5.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 5.19% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.66% | 14.37% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 17.69% | -2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 18.75% | -2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 21.28% | -1.35% |
EXH5.DE vs. SPYZ.DE - Expense Ratio Comparison
EXH5.DE has a 0.46% expense ratio, which is higher than SPYZ.DE's 0.18% expense ratio.
Dividends
EXH5.DE vs. SPYZ.DE - Dividend Comparison
EXH5.DE's dividend yield for the trailing twelve months is around 3.48%, while SPYZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXH5.DE iShares STOXX Europe 600 Insurance UCITS ETF (DE) | 3.48% | 3.39% | 3.59% | 3.79% | 4.51% | 3.56% | 2.52% | 3.84% | 4.03% | 4.87% | 4.34% | 3.67% |
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXH5.DE and SPYZ.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYZ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYZ.DE is cheaper with a 0.18% expense ratio, compared with 0.46% for EXH5.DE.
EXH5.DE tracks STOXX® Europe 600 Insurance, while SPYZ.DE tracks MSCI Europe Financials 20/35 Capped. They also come from different issuers: iShares and State Street. Their fees differ too: 0.46% for EXH5.DE and 0.18% for SPYZ.DE.
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