JEDI.DE vs. SPYL.DE
JEDI.DE (VanEck Space Innovators UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - JEDI.DE is a Industrials Equities fund tracking the MVIS Global Space Industry ESG, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, JEDI.DE returned 186.35% vs 26.53% for SPYL.DE. At a 0.46 correlation, their price movements are largely independent. JEDI.DE charges 0.55%/yr vs 0.03%/yr for SPYL.DE.
Performance
JEDI.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JEDI.DE achieves a 76.99% return, which is significantly higher than SPYL.DE's 11.37% return.
JEDI.DE
- 1D
- 1.31%
- 1M
- 2.99%
- YTD
- 76.99%
- 6M
- 81.86%
- 1Y
- 186.35%
- 3Y*
- 65.71%
- 5Y*
- —
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JEDI.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JEDI.DE VanEck Space Innovators UCITS ETF | 76.99% | 72.15% | 52.14% | 13.55% |
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 JEDI.DE and SPYL.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.46 |
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Return for Risk
JEDI.DE vs. SPYL.DE — Risk / Return Rank
JEDI.DE
SPYL.DE
JEDI.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDI.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.
| JEDI.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.41 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 8.56 | 3.58 | +4.99 |
| Martin ratioReturn relative to average drawdown | 28.05 | 12.72 | +15.32 |
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Drawdowns
JEDI.DE vs. SPYL.DE - Drawdown Comparison
The maximum JEDI.DE drawdown since its inception was -30.10%, 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 JEDI.DE and SPYL.DE.
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Drawdown Indicators
| JEDI.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.10% | -23.27% | -6.83% |
Max Drawdown (1Y)Largest decline over 1 year | -23.53% | -7.13% | -16.40% |
Max Drawdown (3Y)Largest decline over 3 years | -30.10% | — | — |
Current DrawdownCurrent decline from peak | -13.81% | -0.46% | -13.35% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -3.23% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 2.01% | +5.19% |
Volatility
JEDI.DE vs. SPYL.DE - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDI.DE) has a higher volatility of 18.13% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that JEDI.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
| JEDI.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.13% | 2.66% | +15.47% |
Volatility (6M)Calculated over the trailing 6-month period | 34.16% | 7.57% | +26.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.91% | 11.52% | +32.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.37% | 14.60% | +17.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.37% | 14.60% | +17.77% |
JEDI.DE vs. SPYL.DE - Expense Ratio Comparison
JEDI.DE has a 0.55% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
JEDI.DE vs. SPYL.DE - Dividend Comparison
Neither JEDI.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
JEDI.DE and SPYL.DE have a correlation of 0.48, 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 0.55% for JEDI.DE.
JEDI.DE is categorized as Industrials Equities, while SPYL.DE is S&P 500. JEDI.DE tracks MVIS Global Space Industry ESG, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.55% for JEDI.DE and 0.03% for SPYL.DE.
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