EXS1.DE vs. SPYL.DE
EXS1.DE (iShares Core DAX UCITS ETF (DE)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - EXS1.DE is a Europe Equities fund tracking the DAX®, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, EXS1.DE returned 5.29% vs 26.53% for SPYL.DE. A 0.54 correlation means they provide meaningful diversification when combined. EXS1.DE charges 0.16%/yr vs 0.03%/yr for SPYL.DE.
Performance
EXS1.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS1.DE achieves a 1.11% return, which is significantly lower than SPYL.DE's 11.37% return.
EXS1.DE
- 1D
- 1.03%
- 1M
- 3.90%
- YTD
- 1.11%
- 6M
- 2.45%
- 1Y
- 5.29%
- 3Y*
- 14.40%
- 5Y*
- 9.01%
- 10Y*
- 9.41%
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.89%
- YTD
- 11.37%
- 6M
- 12.70%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXS1.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EXS1.DE iShares Core DAX UCITS ETF (DE) | 1.11% | 22.63% | 18.07% | 13.19% |
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 EXS1.DE and SPYL.DE is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.54 |
The correlation between EXS1.DE and SPYL.DE has been stable across timeframes, ranging from 0.54 to 0.60 - a consistent structural relationship.
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Return for Risk
EXS1.DE vs. SPYL.DE — Risk / Return Rank
EXS1.DE
SPYL.DE
EXS1.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core DAX UCITS ETF (DE) (EXS1.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.
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.
| EXS1.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.41 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | 3.58 | -3.15 |
| Martin ratioReturn relative to average drawdown | 1.32 | 12.72 | -11.40 |
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Drawdowns
EXS1.DE vs. SPYL.DE - Drawdown Comparison
The maximum EXS1.DE drawdown since its inception was -55.14%, 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 EXS1.DE and SPYL.DE.
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Drawdown Indicators
| EXS1.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.14% | -23.27% | -31.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.39% | -7.13% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -0.46% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -3.23% | -8.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 2.01% | +1.97% |
Volatility
EXS1.DE vs. SPYL.DE - Volatility Comparison
iShares Core DAX UCITS ETF (DE) (EXS1.DE) has a higher volatility of 4.45% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that EXS1.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
| EXS1.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.45% | 2.66% | +1.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 7.57% | +5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.18% | 11.52% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 14.60% | +2.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 14.60% | +3.72% |
EXS1.DE vs. SPYL.DE - Expense Ratio Comparison
EXS1.DE has a 0.16% 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
EXS1.DE vs. SPYL.DE - Dividend Comparison
Neither EXS1.DE nor SPYL.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS1.DE iShares Core DAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.51% | 0.48% | 0.73% | 0.66% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 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
EXS1.DE and SPYL.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.16% for EXS1.DE.
EXS1.DE is categorized as Europe Equities, while SPYL.DE is S&P 500. EXS1.DE tracks DAX®, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.16% for EXS1.DE and 0.03% for SPYL.DE.
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