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 (EUR/USD) is a currency. Over the past 5 years, SPF1.DE returned 5.89%/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 17.82% return, which is significantly higher than EURUSD=X's 0.02% return.
SPF1.DE
- 1D
- 0.59%
- 1M
- 4.10%
- YTD
- 17.82%
- 6M
- 19.44%
- 1Y
- 34.62%
- 3Y*
- 17.81%
- 5Y*
- 5.89%
- 10Y*
- —
EURUSD=X
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- 0.02%
- 6M
- -0.00%
- 1Y
- 0.02%
- 3Y*
- 0.01%
- 5Y*
- -0.00%
- 10Y*
- 0.00%
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 | 17.82% | 20.76% | 8.42% | 12.25% | -20.28% | -1.66% | 32.01% | 12.41% | -7.89% |
EURUSD=X EUR/USD | 0.02% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.27% | -0.14% |
Correlation
The correlation between SPF1.DE and EURUSD=X is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 25, 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 EUR/USD (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.
| SPF1.DE | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.90 | ||
| Sortino ratioReturn per unit of downside risk | +4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.00 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 0.03 | +5.01 |
| Martin ratioReturn relative to average drawdown | 21.39 | 0.15 | +21.24 |
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 | EURUSD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 0.02 | +2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.00 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.00 | +0.68 |
Drawdowns
SPF1.DE vs. EURUSD=X - Drawdown Comparison
The maximum SPF1.DE drawdown since its inception was -30.44%, 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 | -30.44% | -1.76% | -28.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -0.43% | -6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -0.81% | -8.81% |
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 | 0.00% | -0.72% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -0.72% | -10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 0.09% | +1.53% |
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 3.91% compared to EUR/USD (EURUSD=X) at 0.23%. 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 | 3.91% | 0.23% | +3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 0.56% | +9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 0.75% | +11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 0.74% | +9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 1.15% | +10.53% |
Frequently Asked Questions
SPF1.DE and EURUSD=X have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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