EXV1.DE vs. SPYZ.DE
EXV1.DE (iShares STOXX Europe 600 Banks UCITS ETF (DE)) and SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) are both Financials Equities funds - EXV1.DE tracks the STOXX® Europe 600 Banks while SPYZ.DE tracks the MSCI Europe Financials 20/35 Capped. Both are passively managed. Over the past 10 years, EXV1.DE returned 14.23%/yr vs 12.24%/yr for SPYZ.DE. With a 0.96 correlation, they move nearly in lockstep. EXV1.DE charges 0.47%/yr vs 0.18%/yr for SPYZ.DE.
Performance
EXV1.DE vs. SPYZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXV1.DE achieves a 7.43% return, which is significantly higher than SPYZ.DE's 3.30% return. Over the past 10 years, EXV1.DE has outperformed SPYZ.DE with an annualized return of 14.23%, while SPYZ.DE has yielded a comparatively lower 12.24% annualized return.
EXV1.DE
- 1D
- 0.48%
- 1M
- 2.19%
- YTD
- 7.43%
- 6M
- 15.31%
- 1Y
- 39.88%
- 3Y*
- 42.40%
- 5Y*
- 27.92%
- 10Y*
- 14.23%
SPYZ.DE
- 1D
- 0.55%
- 1M
- 0.34%
- YTD
- 3.30%
- 6M
- 10.26%
- 1Y
- 21.73%
- 3Y*
- 28.74%
- 5Y*
- 19.38%
- 10Y*
- 12.24%
EXV1.DE vs. SPYZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 7.43% | 77.02% | 32.97% | 26.28% | 1.84% | 37.98% | -24.54% | 15.17% | -25.82% | 11.63% |
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 EXV1.DE and SPYZ.DE is 0.96 - 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 | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.96 |
The correlation between EXV1.DE and SPYZ.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
EXV1.DE vs. SPYZ.DE — Risk / Return Rank
EXV1.DE
SPYZ.DE
EXV1.DE vs. SPYZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.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.
| EXV1.DE | SPYZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.82 | +0.73 |
| Martin ratioReturn relative to average drawdown | 8.70 | 6.13 | +2.57 |
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
| EXV1.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 1.26 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.02 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.57 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.47 | -0.37 |
Drawdowns
EXV1.DE vs. SPYZ.DE - Drawdown Comparison
The maximum EXV1.DE drawdown since its inception was -82.30%, 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 EXV1.DE and SPYZ.DE.
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Drawdown Indicators
| EXV1.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.30% | -45.16% | -37.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -12.28% | -3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -20.12% | -16.91% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -28.12% | -23.17% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -56.14% | -45.16% | -10.98% |
Current DrawdownCurrent decline from peak | -1.37% | -2.74% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -44.64% | -9.57% | -35.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 3.65% | +1.06% |
Volatility
EXV1.DE vs. SPYZ.DE - Volatility Comparison
iShares STOXX Europe 600 Banks UCITS ETF (DE) (EXV1.DE) has a higher volatility of 5.77% compared to SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) at 5.19%. This indicates that EXV1.DE's price experiences larger fluctuations and is considered to be riskier 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
| EXV1.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.77% | 5.19% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 17.93% | 14.37% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 17.69% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.83% | 18.75% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.03% | 21.28% | +3.75% |
EXV1.DE vs. SPYZ.DE - Expense Ratio Comparison
EXV1.DE has a 0.47% expense ratio, which is higher than SPYZ.DE's 0.18% expense ratio.
Dividends
EXV1.DE vs. SPYZ.DE - Dividend Comparison
EXV1.DE's dividend yield for the trailing twelve months is around 3.59%, while SPYZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXV1.DE iShares STOXX Europe 600 Banks UCITS ETF (DE) | 3.59% | 3.63% | 5.51% | 4.53% | 6.37% | 1.06% | 1.52% | 4.31% | 4.03% | 6.01% | 3.49% | 3.41% |
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
With a correlation of 0.96, EXV1.DE and SPYZ.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, 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 0.47% for EXV1.DE.
EXV1.DE tracks STOXX® Europe 600 Banks, while SPYZ.DE tracks MSCI Europe Financials 20/35 Capped. They also come from different issuers: iShares and State Street. Their fees differ too: 0.47% for EXV1.DE and 0.18% for SPYZ.DE.
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