SPP1.DE vs. SPPY.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SPP1.DE is a Global Equities fund tracking the MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 14.69%/yr for SPPY.DE. Their correlation of 0.85 suggests significant overlap in exposure. SPP1.DE charges 0.17%/yr vs 0.10%/yr for SPPY.DE.
Performance
SPP1.DE vs. SPPY.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 lower than SPPY.DE's 12.82% 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*
- —
SPPY.DE
- 1D
- 0.29%
- 1M
- 2.16%
- 6M
- 13.41%
- YTD
- 12.82%
- 1Y
- 27.18%
- 3Y*
- 18.66%
- 5Y*
- 14.69%
- 10Y*
- —
SPP1.DE vs. SPPY.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% | 3.93% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.82% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 8.01% | 3.47% |
Correlation
The correlation between SPP1.DE and SPPY.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.85 |
The correlation between SPP1.DE and SPPY.DE has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
SPP1.DE vs. SPPY.DE — Risk / Return Rank
SPP1.DE
SPPY.DE
SPP1.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.42 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 4.03 | -1.25 |
| Martin ratioReturn relative to average drawdown | 11.61 | 15.45 | -3.84 |
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Drawdowns
SPP1.DE vs. SPPY.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, roughly equal to the maximum SPPY.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and SPPY.DE.
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Drawdown Indicators
| SPP1.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -33.33% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.72% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -23.81% | +6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -23.81% | +1.04% |
Current DrawdownCurrent decline from peak | -0.37% | -0.58% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.78% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.76% | +0.21% |
Volatility
SPP1.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 3.33%. This indicates that SPP1.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 3.33% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 8.14% | +1.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 11.82% | +0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 15.46% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 17.51% | -0.85% |
SPP1.DE vs. SPPY.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is higher than SPPY.DE's 0.10% 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
SPP1.DE vs. SPPY.DE - Dividend Comparison
Neither SPP1.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and SPPY.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.17% for SPP1.DE.
SPP1.DE is categorized as Global Equities, while SPPY.DE is S&P 500. SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.17% for SPP1.DE and 0.10% for SPPY.DE.
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