FTGU.DE vs. SPYL.DE
FTGU.DE (First Trust US Large Cap Core AlphaDEX UCITS ETF Class A USD) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - FTGU.DE is a Large Cap Blend Equities fund tracking the Nasdaq AlphaDEX Large Cap Core NTR Index, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, FTGU.DE returned 25.18% vs 23.25% for SPYL.DE. A 0.76 correlation means they provide meaningful diversification when combined. FTGU.DE charges 0.65%/yr vs 0.03%/yr for SPYL.DE.
Performance
FTGU.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGU.DE achieves a 16.48% return, which is significantly higher than SPYL.DE's 12.88% return.
FTGU.DE
- 1D
- -0.23%
- 1M
- -1.01%
- 6M
- 12.79%
- YTD
- 16.48%
- 1Y
- 25.18%
- 3Y*
- 16.81%
- 5Y*
- 11.49%
- 10Y*
- —
SPYL.DE
- 1D
- 0.00%
- 1M
- 1.25%
- 6M
- 11.87%
- YTD
- 12.88%
- 1Y
- 23.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTGU.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTGU.DE First Trust US Large Cap Core AlphaDEX UCITS ETF Class A USD | 16.48% | 2.82% | 23.34% | 10.47% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 12.88% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between FTGU.DE and SPYL.DE is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.76 |
The correlation between FTGU.DE and SPYL.DE has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.
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Return for Risk
FTGU.DE vs. SPYL.DE — Risk / Return Rank
FTGU.DE
SPYL.DE
FTGU.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX UCITS ETF Class A USD (FTGU.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.
| FTGU.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 7.52 | 3.28 | +4.24 |
| Martin ratioReturn relative to average drawdown | 19.59 | 11.51 | +8.07 |
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Drawdowns
FTGU.DE vs. SPYL.DE - Drawdown Comparison
The maximum FTGU.DE drawdown since its inception was -99.98%, 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 FTGU.DE and SPYL.DE.
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Drawdown Indicators
| FTGU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.98% | -23.27% | -76.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -7.13% | +3.43% |
Max Drawdown (3Y)Largest decline over 3 years | -24.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.38% | — | — |
Current DrawdownCurrent decline from peak | -3.21% | -0.41% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -3.27% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.42% | 2.03% | -0.61% |
Volatility
FTGU.DE vs. SPYL.DE - Volatility Comparison
First Trust US Large Cap Core AlphaDEX UCITS ETF Class A USD (FTGU.DE) has a higher volatility of 3.76% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.80%. This indicates that FTGU.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
| FTGU.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 2.80% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.22% | 8.09% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 12.01% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 14.93% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 132,531.53% | 14.93% | +132,516.60% |
FTGU.DE vs. SPYL.DE - Expense Ratio Comparison
FTGU.DE has a 0.65% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
FTGU.DE vs. SPYL.DE - Dividend Comparison
Neither FTGU.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGU.DE and SPYL.DE have a correlation of 0.76, 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 0.65% for FTGU.DE.
FTGU.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. FTGU.DE tracks Nasdaq AlphaDEX Large Cap Core NTR Index, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.65% for FTGU.DE and 0.03% for SPYL.DE.
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