SPF1.DE vs. ^STOXX
SPF1.DE (SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating) is Convertible Bonds fund tracking the FTSE Qualified Global Convertible Index (EUR Hedged), while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 5 years, SPF1.DE returned 4.95%/yr vs 7.40%/yr for ^STOXX. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
SPF1.DE vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, SPF1.DE achieves a 15.19% return, which is significantly higher than ^STOXX's 10.12% return.
SPF1.DE
- 1D
- 0.59%
- 1M
- -1.66%
- 6M
- 14.20%
- YTD
- 15.19%
- 1Y
- 29.26%
- 3Y*
- 16.11%
- 5Y*
- 4.95%
- 10Y*
- —
^STOXX
- 1D
- 0.68%
- 1M
- 5.08%
- 6M
- 10.12%
- YTD
- 10.12%
- 1Y
- 20.05%
- 3Y*
- 12.27%
- 5Y*
- 7.40%
- 10Y*
- 7.25%
SPF1.DE vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPF1.DE SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating | 15.19% | 20.75% | 8.44% | 12.24% | -20.28% | -1.66% | 32.02% | 12.39% | -7.73% |
^STOXX STOXX Europe 600 Index | 10.12% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -15.29% |
Correlation
The correlation between SPF1.DE and ^STOXX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 23, 2018 | 0.64 |
The correlation between SPF1.DE and ^STOXX shifts across timeframes, from 0.47 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPF1.DE vs. ^STOXX — Risk / Return Rank
SPF1.DE
^STOXX
SPF1.DE vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) and STOXX Europe 600 Index (^STOXX). 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.
| SPF1.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.31 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 2.13 | +2.13 |
| Martin ratioReturn relative to average drawdown | 16.60 | 7.75 | +8.85 |
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Drawdowns
SPF1.DE vs. ^STOXX - Drawdown Comparison
The maximum SPF1.DE drawdown since its inception was -30.43%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for SPF1.DE and ^STOXX.
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Drawdown Indicators
| SPF1.DE | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.43% | -60.54% | +30.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -9.56% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | -9.60% | -16.56% | +6.96% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -22.55% | -4.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.55% | — |
Current DrawdownCurrent decline from peak | -2.33% | 0.00% | -2.33% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -14.57% | +3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 2.61% | -0.85% |
Volatility
SPF1.DE vs. ^STOXX - Volatility Comparison
SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) has a higher volatility of 4.41% compared to STOXX Europe 600 Index (^STOXX) at 3.08%. This indicates that SPF1.DE's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPF1.DE | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.08% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 10.42% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 12.27% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 14.21% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.74% | 15.16% | -3.42% |
Frequently Asked Questions
SPF1.DE and ^STOXX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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