SPP1.DE vs. SPYM.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and SPYM.DE (SPDR MSCI Emerging Markets 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 SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 8.29%/yr for SPYM.DE. A 0.71 correlation means they provide meaningful diversification when combined. SPP1.DE charges 0.17%/yr vs 0.18%/yr for SPYM.DE.
Performance
SPP1.DE vs. SPYM.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 SPYM.DE's 27.63% 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*
- —
SPYM.DE
- 1D
- 2.08%
- 1M
- -1.45%
- 6M
- 23.96%
- YTD
- 27.63%
- 1Y
- 45.61%
- 3Y*
- 20.78%
- 5Y*
- 8.29%
- 10Y*
- 9.70%
SPP1.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.63% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 9.45% |
Correlation
The correlation between SPP1.DE and SPYM.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.71 |
The correlation between SPP1.DE and SPYM.DE has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
SPP1.DE vs. SPYM.DE — Risk / Return Rank
SPP1.DE
SPYM.DE
SPP1.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 4.37 | -1.59 |
| Martin ratioReturn relative to average drawdown | 11.61 | 14.29 | -2.68 |
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Drawdowns
SPP1.DE vs. SPYM.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, smaller than the maximum SPYM.DE drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and SPYM.DE.
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Drawdown Indicators
| SPP1.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -44.83% | +12.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -10.38% | +2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -18.95% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -23.25% | +0.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.69% | — |
Current DrawdownCurrent decline from peak | -0.37% | -5.10% | +4.73% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -17.60% | +12.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.18% | -1.21% |
Volatility
SPP1.DE vs. SPYM.DE - Volatility Comparison
The current volatility for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) is 3.99%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 9.36%. This indicates that SPP1.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 9.36% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 17.37% | -7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 19.86% | -7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 17.25% | -2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 18.51% | -1.85% |
SPP1.DE vs. SPYM.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than SPYM.DE's 0.18% expense ratio. Despite the difference, 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. SPYM.DE - Dividend Comparison
Neither SPP1.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and SPYM.DE have a correlation of 0.75, 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 0.18% for SPYM.DE.
SPP1.DE is categorized as Global Equities, while SPYM.DE is Emerging Markets Equities. SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.17% for SPP1.DE and 0.18% for SPYM.DE.
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