LYPS.DE vs. SPPE.DE

Last updated Jun 5, 2026

LYPS.DE (Amundi S&P 500 II UCITS ETF EUR Dist) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds - LYPS.DE tracks the S&P 500 Index while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, LYPS.DE returned 14.95%/yr vs 11.18%/yr for SPPE.DE. Their correlation of 0.80 suggests significant overlap in exposure. LYPS.DE charges 0.07%/yr vs 0.12%/yr for SPPE.DE.

Performance

LYPS.DE vs. SPPE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P 500 II UCITS ETF EUR Dist (LYPS.DE) and SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYPS.DE achieves a 11.42% return, which is significantly higher than SPPE.DE's 9.05% return.

LYPS.DE

• 1D: -0.17%
• 1M: 4.38%
• YTD: 11.42%
• 6M: 10.87%
• 1Y: 25.66%
• 3Y*: 19.02%
• 5Y*: 14.95%
• 10Y*: 15.17%

SPPE.DE

• 1D: -0.02%
• 1M: 3.18%
• YTD: 9.05%
• 6M: 9.47%
• 1Y: 24.51%
• 3Y*: 19.65%
• 5Y*: 11.18%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LYPS.DE vs. SPPE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LYPS.DE Amundi S&P 500 II UCITS ETF EUR Dist	11.42%	4.89%	32.52%	22.69%	-14.10%	40.92%	7.06%	34.95%	-9.51%
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating	9.05%	15.34%	23.21%	23.17%	-21.69%	28.48%	15.08%	29.99%	-10.40%

Correlation

The correlation between LYPS.DE and SPPE.DE is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018	0.80

The correlation between LYPS.DE and SPPE.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

Return for Risk

LYPS.DE vs. SPPE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LYPS.DE

LYPS.DE Risk / Return Rank: 69
LYPS.DE Sharpe Ratio Rank: 68
LYPS.DE Sortino Ratio Rank: 66
LYPS.DE Omega Ratio Rank: 70
LYPS.DE Calmar Ratio Rank: 73
LYPS.DE Martin Ratio Rank: 70

SPPE.DE

SPPE.DE Risk / Return Rank: 65
SPPE.DE Sharpe Ratio Rank: 64
SPPE.DE Sortino Ratio Rank: 69
SPPE.DE Omega Ratio Rank: 65
SPPE.DE Calmar Ratio Rank: 59
SPPE.DE Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LYPS.DE vs. SPPE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 II UCITS ETF EUR Dist (LYPS.DE) and SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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.

	LYPS.DE	SPPE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.12	+0.09
Sortino ratio: Return per unit of downside risk	3.01	3.09	-0.08
Omega ratio: Gain probability vs. loss probability	1.41	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	3.60	2.87	+0.73
Martin ratio: Return relative to average drawdown	12.84	12.22	+0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYPS.DE vs. SPPE.DE - Sharpe Ratio Comparison

The current LYPS.DE Sharpe Ratio is 2.21, which is comparable to the SPPE.DE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of LYPS.DE and SPPE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LYPS.DE	SPPE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.12	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.69	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.80	+0.18

Drawdowns

LYPS.DE vs. SPPE.DE - Drawdown Comparison

The maximum LYPS.DE drawdown since its inception was -33.81%, roughly equal to the maximum SPPE.DE drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for LYPS.DE and SPPE.DE.

Drawdown Indicators

	LYPS.DE	SPPE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.81%	-34.07%	+0.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-8.64%	+1.52%
Max Drawdown (3Y) Largest decline over 3 years	-23.37%	-18.41%	-4.96%
Max Drawdown (5Y) Largest decline over 5 years	-23.37%	-26.07%	+2.70%
Max Drawdown (10Y) Largest decline over 10 years	-33.81%	—	—
Current Drawdown Current decline from peak	-0.48%	-0.59%	+0.11%
Average Drawdown Average peak-to-trough decline	-4.01%	-6.19%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.03%	-0.03%

Volatility

LYPS.DE vs. SPPE.DE - Volatility Comparison

The current volatility for Amundi S&P 500 II UCITS ETF EUR Dist (LYPS.DE) is 2.63%, while SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a volatility of 3.07%. This indicates that LYPS.DE experiences smaller price fluctuations and is considered to be less risky than SPPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYPS.DE	SPPE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	3.07%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	8.56%	-0.98%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	11.69%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	16.00%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	18.64%	-2.54%

LYPS.DE vs. SPPE.DE - Expense Ratio Comparison

LYPS.DE has a 0.07% expense ratio, which is lower than SPPE.DE's 0.12% 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

LYPS.DE vs. SPPE.DE - Dividend Comparison

LYPS.DE's dividend yield for the trailing twelve months is around 0.90%, while SPPE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LYPS.DE Amundi S&P 500 II UCITS ETF EUR Dist	0.90%	1.00%	1.21%	1.04%	2.11%	1.09%	1.54%	1.63%	1.93%	1.75%	1.88%	2.02%
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating	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

Can I hold both LYPS.DE and SPPE.DE in my portfolio?

LYPS.DE and SPPE.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LYPS.DE or SPPE.DE?

On fees, LYPS.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LYPS.DE or SPPE.DE?

LYPS.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for SPPE.DE.

What is the main difference between LYPS.DE and SPPE.DE?

LYPS.DE tracks S&P 500 Index, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.07% for LYPS.DE and 0.12% for SPPE.DE.