SGAS.DE vs. SPYL.DE
SGAS.DE (iShares MSCI USA ESG Screened UCITS ETF USD (Acc)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SGAS.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Screened, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SGAS.DE returned 26.36% vs 25.61% for SPYL.DE. With a 0.99 correlation, they move nearly in lockstep. SGAS.DE charges 0.07%/yr vs 0.03%/yr for SPYL.DE.
Performance
SGAS.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SGAS.DE having a 11.26% return and SPYL.DE slightly higher at 11.37%.
SGAS.DE
- 1D
- -0.42%
- 1M
- 5.79%
- YTD
- 11.26%
- 6M
- 11.24%
- 1Y
- 26.36%
- 3Y*
- 20.20%
- 5Y*
- 15.10%
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGAS.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SGAS.DE iShares MSCI USA ESG Screened UCITS ETF USD (Acc) | 11.26% | 5.13% | 33.97% | 10.02% |
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 SGAS.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 SGAS.DE and SPYL.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SGAS.DE vs. SPYL.DE — Risk / Return Rank
SGAS.DE
SPYL.DE
SGAS.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (SGAS.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.
| SGAS.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.58 | -0.50 |
| Martin ratioReturn relative to average drawdown | 10.78 | 12.72 | -1.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGAS.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.21 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.54 | -0.61 |
Drawdowns
SGAS.DE vs. SPYL.DE - Drawdown Comparison
The maximum SGAS.DE drawdown since its inception was -33.55%, 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 SGAS.DE and SPYL.DE.
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Drawdown Indicators
| SGAS.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.55% | -23.27% | -10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -7.13% | -1.38% |
Max Drawdown (3Y)Largest decline over 3 years | -24.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.66% | — | — |
Current DrawdownCurrent decline from peak | -0.42% | -0.46% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.83% | -3.24% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.01% | +0.43% |
Volatility
SGAS.DE vs. SPYL.DE - Volatility Comparison
iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (SGAS.DE) has a higher volatility of 3.03% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that SGAS.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
| SGAS.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 2.66% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 7.57% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 11.52% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 14.61% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 14.61% | +3.00% |
SGAS.DE vs. SPYL.DE - Expense Ratio Comparison
SGAS.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
SGAS.DE vs. SPYL.DE - Dividend Comparison
Neither SGAS.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, SGAS.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 SGAS.DE.
SGAS.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. SGAS.DE tracks MSCI USA ESG Screened, 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 SGAS.DE and 0.03% for SPYL.DE.
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