SPF1.DE vs. LASI.DE

Last updated Jun 5, 2026

SPF1.DE (SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating) and LASI.DE (Amundi MSCI AC Asia Ex Japan UCITS ETF Acc) are both exchange-traded funds - SPF1.DE is a Convertible Bonds fund tracking the FTSE Qualified Global Convertible Index (EUR Hedged), while LASI.DE is a Asia Pacific Equities fund tracking the MSCI AC Asia ex Japan. Both are passively managed. Over the past 5 years, SPF1.DE returned 5.89%/yr vs 8.19%/yr for LASI.DE. A 0.61 correlation means they provide meaningful diversification when combined. SPF1.DE charges 0.55%/yr vs 0.50%/yr for LASI.DE.

Performance

SPF1.DE vs. LASI.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) and Amundi MSCI AC Asia Ex Japan UCITS ETF Acc (LASI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPF1.DE achieves a 17.82% return, which is significantly lower than LASI.DE's 29.51% 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*: —

LASI.DE

• 1D: -1.76%
• 1M: 4.52%
• YTD: 29.51%
• 6M: 29.84%
• 1Y: 50.05%
• 3Y*: 21.32%
• 5Y*: 8.19%
• 10Y*: 10.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPF1.DE vs. LASI.DE - 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%
LASI.DE Amundi MSCI AC Asia Ex Japan UCITS ETF Acc	29.51%	17.40%	18.31%	1.21%	-13.80%	1.76%	12.18%	20.64%	-12.93%

Correlation

The correlation between SPF1.DE and LASI.DE is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since May 25, 2018	0.61

The correlation between SPF1.DE and LASI.DE has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.

Return for Risk

SPF1.DE vs. LASI.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPF1.DE

SPF1.DE Risk / Return Rank: 90
SPF1.DE Sharpe Ratio Rank: 88
SPF1.DE Sortino Ratio Rank: 91
SPF1.DE Omega Ratio Rank: 89
SPF1.DE Calmar Ratio Rank: 88
SPF1.DE Martin Ratio Rank: 91

LASI.DE

LASI.DE Risk / Return Rank: 85
LASI.DE Sharpe Ratio Rank: 86
LASI.DE Sortino Ratio Rank: 84
LASI.DE Omega Ratio Rank: 83
LASI.DE Calmar Ratio Rank: 86
LASI.DE Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPF1.DE vs. LASI.DE - 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 Amundi MSCI AC Asia Ex Japan UCITS ETF Acc (LASI.DE). 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	LASI.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.77	+0.14
Sortino ratio: Return per unit of downside risk	4.30	3.69	+0.60
Omega ratio: Gain probability vs. loss probability	1.56	1.49	+0.07
Calmar ratio: Return relative to maximum drawdown	5.04	4.74	+0.30
Martin ratio: Return relative to average drawdown	21.39	17.16	+4.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPF1.DE vs. LASI.DE - Sharpe Ratio Comparison

The current SPF1.DE Sharpe Ratio is 2.91, which is comparable to the LASI.DE Sharpe Ratio of 2.77. The chart below compares the historical Sharpe Ratios of SPF1.DE and LASI.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPF1.DE	LASI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.77	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.46	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.54	+0.14

Drawdowns

SPF1.DE vs. LASI.DE - Drawdown Comparison

The maximum SPF1.DE drawdown since its inception was -30.44%, smaller than the maximum LASI.DE drawdown of -34.92%. Use the drawdown chart below to compare losses from any high point for SPF1.DE and LASI.DE.

Drawdown Indicators

	SPF1.DE	LASI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-30.44%	-34.92%	+4.48%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-10.72%	+3.86%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	-20.43%	+10.81%
Max Drawdown (5Y) Largest decline over 5 years	-26.99%	-28.02%	+1.03%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.62%	—
Current Drawdown Current decline from peak	0.00%	-2.79%	+2.79%
Average Drawdown Average peak-to-trough decline	-11.33%	-9.81%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	2.97%	-1.35%

Volatility

SPF1.DE vs. LASI.DE - Volatility Comparison

The current volatility for SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) is 3.91%, while Amundi MSCI AC Asia Ex Japan UCITS ETF Acc (LASI.DE) has a volatility of 7.61%. This indicates that SPF1.DE experiences smaller price fluctuations and is considered to be less risky than LASI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPF1.DE	LASI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	7.61%	-3.70%
Volatility (6M) Calculated over the trailing 6-month period	9.94%	15.22%	-5.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	18.35%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.63%	17.54%	-6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.68%	18.21%	-6.53%

SPF1.DE vs. LASI.DE - Expense Ratio Comparison

SPF1.DE has a 0.55% expense ratio, which is higher than LASI.DE's 0.50% expense ratio.

Dividends

SPF1.DE vs. LASI.DE - Dividend Comparison

Neither SPF1.DE nor LASI.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPF1.DE and LASI.DE in my portfolio?

SPF1.DE and LASI.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPF1.DE or LASI.DE?

On fees, LASI.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPF1.DE or LASI.DE?

LASI.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for SPF1.DE.

What is the main difference between SPF1.DE and LASI.DE?

SPF1.DE is categorized as Convertible Bonds, while LASI.DE is Asia Pacific Equities. SPF1.DE tracks FTSE Qualified Global Convertible Index (EUR Hedged), while LASI.DE tracks MSCI AC Asia ex Japan. They also come from different issuers: SPDR and Amundi. Their fees differ too: 0.55% for SPF1.DE and 0.50% for LASI.DE.