IUSA.DE vs. SPPY.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - IUSA.DE tracks the S&P 500 Index while SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, IUSA.DE returned 13.89%/yr vs 15.09%/yr for SPPY.DE. With a 0.98 correlation, they move nearly in lockstep. IUSA.DE charges 0.07%/yr vs 0.10%/yr for SPPY.DE.
Performance
IUSA.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSA.DE achieves a 10.74% return, which is significantly lower than SPPY.DE's 12.26% return.
IUSA.DE
- 1D
- -0.12%
- 1M
- 0.33%
- YTD
- 10.74%
- 6M
- 10.95%
- 1Y
- 24.73%
- 3Y*
- 18.94%
- 5Y*
- 13.89%
- 10Y*
- 15.03%
SPPY.DE
- 1D
- -0.21%
- 1M
- 2.23%
- YTD
- 12.26%
- 6M
- 12.76%
- 1Y
- 29.50%
- 3Y*
- 19.62%
- 5Y*
- 15.09%
- 10Y*
- —
IUSA.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 10.74% | 4.69% | 32.36% | 22.47% | -14.25% | 40.75% | 6.77% | 3.18% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.26% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 8.01% | 3.47% |
Correlation
The correlation between IUSA.DE and SPPY.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 | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.98 |
The correlation between IUSA.DE and SPPY.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
IUSA.DE vs. SPPY.DE — Risk / Return Rank
IUSA.DE
SPPY.DE
IUSA.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
| IUSA.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 4.37 | -0.81 |
| Martin ratioReturn relative to average drawdown | 12.70 | 16.77 | -4.07 |
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Drawdowns
IUSA.DE vs. SPPY.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -52.05%, which is greater than SPPY.DE's maximum drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and SPPY.DE.
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Drawdown Indicators
| IUSA.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.05% | -33.33% | -18.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -6.72% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -23.81% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -23.81% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -1.03% | -0.40% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -4.80% | -3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.75% | +0.19% |
Volatility
IUSA.DE vs. SPPY.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) has a higher volatility of 3.38% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 3.19%. This indicates that IUSA.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.19% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 8.13% | -0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 11.79% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 15.46% | -0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 17.53% | -1.48% |
IUSA.DE vs. SPPY.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is lower than SPPY.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUSA.DE vs. SPPY.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.87%, while SPPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.87% | 0.94% | 0.99% | 1.25% | 1.46% | 0.99% | 1.40% | 1.48% | 1.70% | 1.51% | 1.37% | 1.52% |
SPPY.DE State Street SPDR S&P 500 Leaders 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 0.94, IUSA.DE and SPPY.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, IUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for SPPY.DE.
IUSA.DE tracks S&P 500 Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IUSA.DE and 0.10% for SPPY.DE.
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