SPFE.DE vs. SPY5.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - SPFE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SPFE.DE returned -1.22%/yr vs 14.76%/yr for SPY5.DE. At a correlation of -0.02, they often move in opposite directions. SPFE.DE charges 0.10%/yr vs 0.03%/yr for SPY5.DE.
Performance
SPFE.DE vs. SPY5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than SPY5.DE's 11.39% return.
SPFE.DE
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.14%
- 6M
- -0.29%
- 1Y
- 1.30%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
SPFE.DE vs. SPY5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 5.90% | 0.18% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 2.21% |
Correlation
The correlation between SPFE.DE and SPY5.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | -0.02 |
The correlation between SPFE.DE and SPY5.DE shifts across timeframes, from -0.02 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPFE.DE vs. SPY5.DE — Risk / Return Rank
SPFE.DE
SPY5.DE
SPFE.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) and SPDR S&P 500 UCITS ETF (SPY5.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.
| SPFE.DE | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.41 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 3.57 | -3.09 |
| Martin ratioReturn relative to average drawdown | 1.36 | 12.77 | -11.41 |
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
| SPFE.DE | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.22 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.96 | -1.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.97 | -0.94 |
Drawdowns
SPFE.DE vs. SPY5.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and SPY5.DE.
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Drawdown Indicators
| SPFE.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -33.86% | +16.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -7.15% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -23.34% | +19.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -23.34% | +6.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.86% | — |
Current DrawdownCurrent decline from peak | -8.27% | -0.44% | -7.83% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -3.95% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.00% | -1.05% |
Volatility
SPFE.DE vs. SPY5.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 1.55%, while SPDR S&P 500 UCITS ETF (SPY5.DE) has a volatility of 2.66%. This indicates that SPFE.DE experiences smaller price fluctuations and is considered to be less risky than SPY5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFE.DE | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.66% | -1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 7.54% | -4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 11.51% | -8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 15.18% | -10.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 16.07% | -12.01% |
SPFE.DE vs. SPY5.DE - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPFE.DE vs. SPY5.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, more than SPY5.DE's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% | 0.00% | 0.00% | 0.00% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
SPFE.DE and SPY5.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.10% for SPFE.DE.
SPFE.DE is categorized as Global Bonds, while SPY5.DE is S&P 500. SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.10% for SPFE.DE and 0.03% for SPY5.DE.
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