OM3L.DE vs. SPYL.DE
OM3L.DE (iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - OM3L.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Enhanced Focus, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, OM3L.DE returned 23.08% vs 25.56% for SPYL.DE. With a 0.99 correlation, they move nearly in lockstep. OM3L.DE charges 0.07%/yr vs 0.03%/yr for SPYL.DE.
Performance
OM3L.DE vs. SPYL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, OM3L.DE achieves a 10.41% return, which is significantly lower than SPYL.DE's 11.37% return.
OM3L.DE
- 1D
- -0.11%
- 1M
- 4.57%
- YTD
- 10.41%
- 6M
- 9.75%
- 1Y
- 23.08%
- 3Y*
- 17.98%
- 5Y*
- 13.77%
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OM3L.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 10.41% | 2.65% | 31.09% | 10.23% |
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 OM3L.DE and SPYL.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.99 |
The correlation between OM3L.DE and SPYL.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
OM3L.DE vs. SPYL.DE — Risk / Return Rank
OM3L.DE
SPYL.DE
OM3L.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.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.
| OM3L.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.41 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 3.58 | -0.73 |
| Martin ratioReturn relative to average drawdown | 9.78 | 12.72 | -2.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| OM3L.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.21 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.54 | -0.64 |
Drawdowns
OM3L.DE vs. SPYL.DE - Drawdown Comparison
The maximum OM3L.DE drawdown since its inception was -33.35%, 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 OM3L.DE and SPYL.DE.
Loading charts...
Drawdown Indicators
| OM3L.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.35% | -23.27% | -10.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.14% | -7.13% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.21% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.46% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -3.24% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 2.01% | +0.36% |
Volatility
OM3L.DE vs. SPYL.DE - Volatility Comparison
iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) (OM3L.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) have volatilities of 2.71% 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.
Loading charts...
Volatility by Period
| OM3L.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 2.66% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.82% | 7.57% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 11.52% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 14.61% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 14.61% | +2.79% |
OM3L.DE vs. SPYL.DE - Expense Ratio Comparison
OM3L.DE has a 0.07% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
OM3L.DE vs. SPYL.DE - Dividend Comparison
OM3L.DE's dividend yield for the trailing twelve months is around 0.81%, while SPYL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OM3L.DE iShares MSCI USA ESG Enhanced UCITS ETF USD (Dist) | 0.81% | 0.89% | 0.99% | 2.46% | 2.99% | 2.12% | 2.86% | 2.21% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, OM3L.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 0.07% for OM3L.DE.
OM3L.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. OM3L.DE tracks MSCI USA ESG Enhanced Focus, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for OM3L.DE and 0.03% for SPYL.DE.
Find the right allocation for OM3L.DE and SPYL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer