FUSR.DE vs. SPYL.DE
FUSR.DE (Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - FUSR.DE is a Large Cap Blend Equities fund tracking the Fidelity Sustainable Research Enhanced US Equity, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, FUSR.DE returned 26.13% vs 25.56% for SPYL.DE. Their correlation of 0.95 suggests significant overlap in exposure. FUSR.DE charges 0.30%/yr vs 0.03%/yr for SPYL.DE.
Performance
FUSR.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FUSR.DE having a 10.99% return and SPYL.DE slightly higher at 11.37%.
FUSR.DE
- 1D
- 0.07%
- 1M
- 3.52%
- YTD
- 10.99%
- 6M
- 10.18%
- 1Y
- 26.13%
- 3Y*
- 19.47%
- 5Y*
- 14.75%
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUSR.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FUSR.DE Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc | 10.99% | 5.18% | 33.40% | 8.34% |
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 FUSR.DE and SPYL.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.95 |
The correlation between FUSR.DE and SPYL.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
FUSR.DE vs. SPYL.DE — Risk / Return Rank
FUSR.DE
SPYL.DE
FUSR.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSR.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.
| FUSR.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 3.58 | -0.17 |
| Martin ratioReturn relative to average drawdown | 12.17 | 12.72 | -0.55 |
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
| FUSR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.21 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 1.54 | -0.51 |
Drawdowns
FUSR.DE vs. SPYL.DE - Drawdown Comparison
The maximum FUSR.DE drawdown since its inception was -24.29%, roughly equal to the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for FUSR.DE and SPYL.DE.
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Drawdown Indicators
| FUSR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.29% | -23.27% | -1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -7.13% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -24.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.29% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.46% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -3.24% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.01% | +0.19% |
Volatility
FUSR.DE vs. SPYL.DE - Volatility Comparison
Fidelity Sustainable Research Enhanced US Equity UCITS ETF Acc (FUSR.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) have volatilities of 2.62% and 2.66%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FUSR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.66% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 7.57% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 11.52% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.84% | 14.61% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 14.61% | +1.38% |
FUSR.DE vs. SPYL.DE - Expense Ratio Comparison
FUSR.DE has a 0.30% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
FUSR.DE vs. SPYL.DE - Dividend Comparison
Neither FUSR.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, FUSR.DE and SPYL.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, 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 0.30% for FUSR.DE.
FUSR.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. FUSR.DE tracks Fidelity Sustainable Research Enhanced US Equity, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.30% for FUSR.DE and 0.03% for SPYL.DE.
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