SMLN.DE vs. SPYG
SMLN.DE (Invesco JPX-Nikkei 400 UCITS ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - SMLN.DE is a Japan Equities fund tracking the JPX-Nikkei 400, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, SMLN.DE returned 8.93%/yr vs 17.90%/yr for SPYG. At a 0.43 correlation, their price movements are largely independent. SMLN.DE charges 0.19%/yr vs 0.04%/yr for SPYG.
Performance
SMLN.DE vs. SPYG - Performance Comparison
Loading charts...
Different Trading Currencies
SMLN.DE is traded in EUR, while SPYG is traded in USD. To make them comparable, the SPYG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMLN.DE achieves a 15.87% return, which is significantly higher than SPYG's 15.02% return. Over the past 10 years, SMLN.DE has underperformed SPYG with an annualized return of 8.93%, while SPYG has yielded a comparatively higher 17.90% annualized return.
SMLN.DE
- 1D
- -0.49%
- 1M
- 4.75%
- YTD
- 15.87%
- 6M
- 15.93%
- 1Y
- 28.29%
- 3Y*
- 14.96%
- 5Y*
- 9.82%
- 10Y*
- 8.93%
SPYG
- 1D
- -0.16%
- 1M
- 7.25%
- YTD
- 15.02%
- 6M
- 13.39%
- 1Y
- 31.42%
- 3Y*
- 24.79%
- 5Y*
- 17.15%
- 10Y*
- 17.90%
SMLN.DE vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 UCITS ETF | 15.87% | 12.69% | 12.93% | 16.15% | -11.17% | 8.51% | 4.78% | 22.29% | -10.60% | 9.59% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 15.02% | 7.60% | 44.97% | 26.13% | -25.04% | 41.89% | 22.46% | 33.80% | 4.57% | 11.60% |
Correlation
The correlation between SMLN.DE and SPYG is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2014 | 0.43 |
The correlation between SMLN.DE and SPYG shifts across timeframes, from 0.31 (3 years) to 0.43 (all time), reflecting how their relationship changes across market environments.
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
SMLN.DE vs. SPYG — Risk / Return Rank
SMLN.DE
SPYG
SMLN.DE vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.
| SMLN.DE | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.34 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.48 | +0.50 |
| Martin ratioReturn relative to average drawdown | 9.93 | 8.73 | +1.20 |
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
| SMLN.DE | SPYG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.95 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.82 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.85 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.70 | -0.19 |
Drawdowns
SMLN.DE vs. SPYG - Drawdown Comparison
The maximum SMLN.DE drawdown since its inception was -28.42%, smaller than the maximum SPYG drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for SMLN.DE and SPYG.
Loading charts...
Drawdown Indicators
| SMLN.DE | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.42% | -45.25% | +16.83% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -12.70% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -15.55% | -27.05% | +11.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.85% | -27.05% | +7.20% |
Max Drawdown (10Y)Largest decline over 10 years | -28.42% | -30.75% | +2.33% |
Current DrawdownCurrent decline from peak | -0.49% | -0.98% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -6.03% | -7.58% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 3.61% | -0.77% |
Volatility
SMLN.DE vs. SPYG - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (SMLN.DE) is 3.44%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 3.74%. This indicates that SMLN.DE experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMLN.DE | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 3.74% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 14.75% | 11.74% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.07% | 16.20% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 20.91% | -4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 21.03% | -4.81% |
SMLN.DE vs. SPYG - Expense Ratio Comparison
SMLN.DE has a 0.19% expense ratio, which is higher than SPYG's 0.04% 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
SMLN.DE vs. SPYG - Dividend Comparison
SMLN.DE has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLN.DE Invesco JPX-Nikkei 400 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% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.47% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
Frequently Asked Questions
SMLN.DE and SPYG have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.19% for SMLN.DE.
SMLN.DE is categorized as Japan Equities, while SPYG is S&P 500. SMLN.DE tracks JPX-Nikkei 400, while SPYG tracks S&P 500 Growth Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for SMLN.DE and 0.04% for SPYG.
Find the right allocation for SMLN.DE and SPYG
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