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 5.89%/yr vs 6.65%/yr for ^STOXX. A 0.65 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 17.82% return, which is significantly higher than ^STOXX's 5.45% return.
SPF1.DE
- 1D
- 0.59%
- 1M
- 4.99%
- YTD
- 17.82%
- 6M
- 20.07%
- 1Y
- 34.78%
- 3Y*
- 17.81%
- 5Y*
- 5.89%
- 10Y*
- —
^STOXX
- 1D
- 0.52%
- 1M
- 2.42%
- YTD
- 5.45%
- 6M
- 7.88%
- 1Y
- 13.33%
- 3Y*
- 10.73%
- 5Y*
- 6.65%
- 10Y*
- 6.19%
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 | 17.82% | 20.76% | 8.42% | 12.25% | -20.28% | -1.66% | 32.01% | 12.41% | -7.89% |
^STOXX STOXX Europe 600 Index | 5.45% | 16.66% | 5.98% | 12.73% | -12.90% | 22.25% | -4.04% | 23.16% | -13.54% |
Correlation
The correlation between SPF1.DE and ^STOXX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 25, 2018 | 0.65 |
The correlation between SPF1.DE and ^STOXX shifts across timeframes, from 0.55 (3 years) to 0.65 (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.
| SPF1.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.20 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 1.37 | +3.67 |
| Martin ratioReturn relative to average drawdown | 21.39 | 4.91 | +16.49 |
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
| SPF1.DE | ^STOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 1.07 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.47 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.31 | +0.38 |
Drawdowns
SPF1.DE vs. ^STOXX - Drawdown Comparison
The maximum SPF1.DE drawdown since its inception was -30.44%, smaller than the maximum ^STOXX drawdown of -61.04%. 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 | -30.44% | -61.04% | +30.60% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -9.56% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -16.56% | +6.94% |
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 | 0.00% | -1.48% | +1.48% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -16.77% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.67% | -1.05% |
Volatility
SPF1.DE vs. ^STOXX - Volatility Comparison
SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) has a higher volatility of 3.91% compared to STOXX Europe 600 Index (^STOXX) at 3.63%. 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 | 3.91% | 3.63% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 10.21% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 12.22% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 13.98% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 15.31% | -3.63% |
Frequently Asked Questions
SPF1.DE and ^STOXX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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