SPP1.DE vs. BBCK.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while BBCK.DE tracks the Nasdaq Global Buyback Achievers. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 10.83%/yr for BBCK.DE. A 0.72 correlation means they provide meaningful diversification when combined. SPP1.DE charges 0.17%/yr vs 0.39%/yr for BBCK.DE.
Performance
SPP1.DE vs. BBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly higher than BBCK.DE's 10.20% return.
SPP1.DE
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
BBCK.DE
- 1D
- 0.19%
- 1M
- 3.85%
- 6M
- 9.86%
- YTD
- 10.20%
- 1Y
- 23.96%
- 3Y*
- 18.56%
- 5Y*
- 10.83%
- 10Y*
- 12.44%
SPP1.DE vs. BBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 11.13% | 17.43% | 19.40% | 19.48% | -17.94% | 21.52% | 10.80% | 7.73% |
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 10.20% | 16.70% | 19.10% | 11.74% | -6.61% | 30.88% | 1.65% | 8.19% |
Correlation
The correlation between SPP1.DE and BBCK.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 | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.72 |
The correlation between SPP1.DE and BBCK.DE shifts across timeframes, from 0.65 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPP1.DE vs. BBCK.DE — Risk / Return Rank
SPP1.DE
BBCK.DE
SPP1.DE vs. BBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) and Invesco Global Buyback Achievers UCITS ETF (BBCK.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.
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.
| SPP1.DE | BBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 5.42 | -2.64 |
| Martin ratioReturn relative to average drawdown | 11.61 | 16.65 | -5.03 |
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Drawdowns
SPP1.DE vs. BBCK.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, roughly equal to the maximum BBCK.DE drawdown of -33.24%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and BBCK.DE.
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Drawdown Indicators
| SPP1.DE | BBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -33.24% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -4.40% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -21.54% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -21.54% | -1.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.24% | — |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -6.20% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.44% | +0.53% |
Volatility
SPP1.DE vs. BBCK.DE - Volatility Comparison
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) has a higher volatility of 3.99% compared to Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) at 2.61%. This indicates that SPP1.DE's price experiences larger fluctuations and is considered to be riskier than BBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP1.DE | BBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.61% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 7.51% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 11.57% | +0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 14.68% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 23.33% | -6.67% |
SPP1.DE vs. BBCK.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than BBCK.DE's 0.39% expense ratio.
Dividends
SPP1.DE vs. BBCK.DE - Dividend Comparison
SPP1.DE has not paid dividends to shareholders, while BBCK.DE's dividend yield for the trailing twelve months is around 1.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.68% | 1.88% | 1.78% | 1.74% | 1.96% | 1.17% | 1.61% | 1.84% | 1.35% | 1.23% | 1.64% | 1.29% |
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPP1.DE and BBCK.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.
On fees, SPP1.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP1.DE is cheaper with a 0.17% expense ratio, compared with 0.39% for BBCK.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while BBCK.DE tracks Nasdaq Global Buyback Achievers. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.17% for SPP1.DE and 0.39% for BBCK.DE.
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