SPF1.DE vs. EURUSD=X
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 EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 5 years, SPF1.DE returned 4.95%/yr vs -0.00%/yr for EURUSD=X. At a correlation of -0.01, they often move in opposite directions.
Performance
SPF1.DE vs. EURUSD=X - Performance Comparison
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Different Trading Currencies
SPF1.DE is traded in EUR, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPF1.DE achieves a 15.19% return, which is significantly higher than EURUSD=X's 0.01% 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*
- —
EURUSD=X
- 1D
- 0.01%
- 1M
- -0.00%
- 6M
- 0.01%
- YTD
- 0.01%
- 1Y
- -0.00%
- 3Y*
- 0.00%
- 5Y*
- -0.00%
- 10Y*
- -0.01%
SPF1.DE vs. EURUSD=X - 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% |
EURUSD=X Euro / U.S. Dollar | 0.01% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.27% | -0.16% |
Correlation
The correlation between SPF1.DE and EURUSD=X is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 23, 2018 | -0.01 |
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Return for Risk
SPF1.DE vs. EURUSD=X — Risk / Return Rank
SPF1.DE
EURUSD=X
SPF1.DE vs. EURUSD=X - 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 Euro / U.S. Dollar (EURUSD=X). 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 | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.00 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | -0.00 | +4.26 |
| Martin ratioReturn relative to average drawdown | 16.60 | -0.02 | +16.62 |
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Drawdowns
SPF1.DE vs. EURUSD=X - Drawdown Comparison
The maximum SPF1.DE drawdown since its inception was -30.43%, which is greater than EURUSD=X's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for SPF1.DE and EURUSD=X.
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Drawdown Indicators
| SPF1.DE | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.43% | -1.76% | -28.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.85% | -0.43% | -6.42% |
Max Drawdown (3Y)Largest decline over 3 years | -9.60% | -0.81% | -8.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | -0.81% | -26.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.22% | — |
Current DrawdownCurrent decline from peak | -2.33% | -0.73% | -1.60% |
Average DrawdownAverage peak-to-trough decline | -11.21% | -0.73% | -10.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 0.09% | +1.67% |
Volatility
SPF1.DE vs. EURUSD=X - Volatility Comparison
SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) has a higher volatility of 4.41% compared to Euro / U.S. Dollar (EURUSD=X) at 0.17%. This indicates that SPF1.DE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X 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 | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 0.17% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 0.59% | +10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 0.76% | +11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.81% | 0.74% | +10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.74% | 1.14% | +10.60% |
Frequently Asked Questions
SPF1.DE and EURUSD=X have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SPF1.DE and EURUSD=X
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