EXI5.DE vs. SPY2.DE
EXI5.DE (iShares STOXX Europe 600 Real Estate UCITS ETF (DE)) and SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) are both REIT funds - EXI5.DE tracks the STOXX® Europe 600 Real Estate while SPY2.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 5 years, EXI5.DE returned -4.96%/yr vs 2.27%/yr for SPY2.DE. A 0.65 correlation means they provide meaningful diversification when combined. EXI5.DE charges 0.46%/yr vs 0.40%/yr for SPY2.DE.
Performance
EXI5.DE vs. SPY2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXI5.DE achieves a -0.40% return, which is significantly lower than SPY2.DE's 8.38% return.
EXI5.DE
- 1D
- 0.83%
- 1M
- -2.70%
- YTD
- -0.40%
- 6M
- 0.52%
- 1Y
- -4.69%
- 3Y*
- 6.81%
- 5Y*
- -4.96%
- 10Y*
- -1.04%
SPY2.DE
- 1D
- 0.10%
- 1M
- -1.74%
- YTD
- 8.38%
- 6M
- 7.43%
- 1Y
- 10.30%
- 3Y*
- 5.92%
- 5Y*
- 2.27%
- 10Y*
- —
EXI5.DE vs. SPY2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | -0.40% | 3.76% | -4.15% | 17.26% | -37.90% | 16.10% | -8.71% | 4.29% |
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 8.38% | -2.42% | 5.09% | 7.66% | -20.98% | 41.62% | -18.78% | -1.52% |
Correlation
The correlation between EXI5.DE and SPY2.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019 | 0.65 |
The correlation between EXI5.DE and SPY2.DE has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
EXI5.DE vs. SPY2.DE — Risk / Return Rank
EXI5.DE
SPY2.DE
EXI5.DE vs. SPY2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) and SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.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.
| EXI5.DE | SPY2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.16 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.48 | -1.80 |
| Martin ratioReturn relative to average drawdown | -0.75 | 4.38 | -5.13 |
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
| EXI5.DE | SPY2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 0.89 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.15 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.05 | -0.07 |
Drawdowns
EXI5.DE vs. SPY2.DE - Drawdown Comparison
The maximum EXI5.DE drawdown since its inception was -77.04%, which is greater than SPY2.DE's maximum drawdown of -42.59%. Use the drawdown chart below to compare losses from any high point for EXI5.DE and SPY2.DE.
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Drawdown Indicators
| EXI5.DE | SPY2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.04% | -42.59% | -34.45% |
Max Drawdown (1Y)Largest decline over 1 year | -15.30% | -6.86% | -8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.03% | -20.14% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -48.08% | -30.72% | -17.36% |
Max Drawdown (10Y)Largest decline over 10 years | -48.08% | — | — |
Current DrawdownCurrent decline from peak | -29.97% | -7.69% | -22.28% |
Average DrawdownAverage peak-to-trough decline | -30.50% | -15.50% | -15.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 2.33% | +4.17% |
Volatility
EXI5.DE vs. SPY2.DE - Volatility Comparison
iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) has a higher volatility of 4.75% compared to SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) at 2.82%. This indicates that EXI5.DE's price experiences larger fluctuations and is considered to be riskier than SPY2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXI5.DE | SPY2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 2.82% | +1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 8.57% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 11.46% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.21% | 15.06% | +7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 19.91% | +0.37% |
EXI5.DE vs. SPY2.DE - Expense Ratio Comparison
EXI5.DE has a 0.46% expense ratio, which is higher than SPY2.DE's 0.40% expense ratio.
Dividends
EXI5.DE vs. SPY2.DE - Dividend Comparison
EXI5.DE's dividend yield for the trailing twelve months is around 2.13%, while SPY2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | 2.13% | 2.02% | 1.82% | 2.05% | 2.19% | 0.93% | 1.30% | 2.10% | 2.15% | 3.10% | 2.80% | 2.65% |
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 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
EXI5.DE and SPY2.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY2.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY2.DE is cheaper with a 0.40% expense ratio, compared with 0.46% for EXI5.DE.
EXI5.DE tracks STOXX® Europe 600 Real Estate, while SPY2.DE tracks Dow Jones Global Select Real Estate Securities. They also come from different issuers: iShares and State Street. Their fees differ too: 0.46% for EXI5.DE and 0.40% for SPY2.DE.
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