INDA.DE vs. SPYZ.DE
INDA.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Dist) and SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) are both Financials Equities funds - INDA.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 5 years, INDA.DE returned 29.24%/yr vs 21.20%/yr for SPYZ.DE. Their correlation of 0.93 suggests significant overlap in exposure. INDA.DE charges 0.30%/yr vs 0.18%/yr for SPYZ.DE.
Performance
INDA.DE vs. SPYZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, INDA.DE achieves a 15.55% return, which is significantly higher than SPYZ.DE's 10.43% return.
INDA.DE
- 1D
- 0.86%
- 1M
- 7.15%
- YTD
- 15.55%
- 6M
- 16.26%
- 1Y
- 53.20%
- 3Y*
- 44.13%
- 5Y*
- 29.24%
- 10Y*
- —
SPYZ.DE
- 1D
- 0.75%
- 1M
- 5.10%
- YTD
- 10.43%
- 6M
- 11.12%
- 1Y
- 33.68%
- 3Y*
- 32.37%
- 5Y*
- 21.20%
- 10Y*
- 15.09%
INDA.DE vs. SPYZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 15.55% | 76.60% | 32.78% | 22.02% | 1.30% | 37.73% | -74.69% |
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 10.43% | 48.26% | 25.23% | 21.51% | -2.51% | 28.18% | 25.63% |
Correlation
The correlation between INDA.DE and SPYZ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2020 | 0.93 |
The correlation between INDA.DE and SPYZ.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
INDA.DE vs. SPYZ.DE — Risk / Return Rank
INDA.DE
SPYZ.DE
INDA.DE vs. SPYZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.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.
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.
| INDA.DE | SPYZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.33 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 2.73 | +0.67 |
| Martin ratioReturn relative to average drawdown | 11.51 | 9.41 | +2.09 |
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Drawdowns
INDA.DE vs. SPYZ.DE - Drawdown Comparison
The maximum INDA.DE drawdown since its inception was -81.61%, 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 INDA.DE and SPYZ.DE.
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Drawdown Indicators
| INDA.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.61% | -45.16% | -36.45% |
Max Drawdown (1Y)Largest decline over 1 year | -15.59% | -12.28% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.38% | -16.91% | -3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -23.17% | -4.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.16% | — |
Current DrawdownCurrent decline from peak | -1.30% | -0.75% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -50.08% | -11.01% | -39.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 3.57% | +1.04% |
Volatility
INDA.DE vs. SPYZ.DE - Volatility Comparison
Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.DE) has a higher volatility of 6.33% compared to SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) at 5.06%. This indicates that INDA.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
| INDA.DE | SPYZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.33% | 5.06% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 14.75% | +3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.33% | 17.73% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.16% | 18.80% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.54% | 20.72% | +20.82% |
INDA.DE vs. SPYZ.DE - Expense Ratio Comparison
INDA.DE has a 0.30% expense ratio, which is higher than SPYZ.DE's 0.18% expense ratio.
Dividends
INDA.DE vs. SPYZ.DE - Dividend Comparison
INDA.DE's dividend yield for the trailing twelve months is around 4.69%, while SPYZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 4.69% | 5.42% | 5.93% | 1.58% | 5.04% | 3.76% |
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, INDA.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 0.30% for INDA.DE.
INDA.DE tracks STOXX® Europe 600 Banks, while SPYZ.DE tracks MSCI Europe Financials 20/35 Capped. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.30% for INDA.DE and 0.18% for SPYZ.DE.
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