SPPS.DE vs. SPYL.DE
SPPS.DE (SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SPPS.DE is a European Corporate Bonds fund tracking the Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SPPS.DE returned 2.01% vs 25.61% for SPYL.DE. At a 0.23 correlation, their price movements are largely independent. SPPS.DE charges 0.12%/yr vs 0.03%/yr for SPYL.DE.
Performance
SPPS.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPS.DE achieves a 0.69% return, which is significantly lower than SPYL.DE's 11.37% return.
SPPS.DE
- 1D
- -0.02%
- 1M
- 0.37%
- YTD
- 0.69%
- 6M
- 0.76%
- 1Y
- 2.01%
- 3Y*
- 3.72%
- 5Y*
- —
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPPS.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPPS.DE SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc | 0.69% | 2.96% | 4.20% | 1.71% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between SPPS.DE and SPYL.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.23 |
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Return for Risk
SPPS.DE vs. SPYL.DE — Risk / Return Rank
SPPS.DE
SPYL.DE
SPPS.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| SPPS.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.58 | -1.88 |
| Martin ratioReturn relative to average drawdown | 6.89 | 12.72 | -5.83 |
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
| SPPS.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.21 | -1.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.54 | -0.43 |
Drawdowns
SPPS.DE vs. SPYL.DE - Drawdown Comparison
The maximum SPPS.DE drawdown since its inception was -2.70%, smaller than the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for SPPS.DE and SPYL.DE.
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Drawdown Indicators
| SPPS.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.70% | -23.27% | +20.57% |
Max Drawdown (1Y)Largest decline over 1 year | -1.18% | -7.13% | +5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | — | — |
Current DrawdownCurrent decline from peak | -0.23% | -0.46% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -0.44% | -3.24% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.29% | 2.01% | -1.72% |
Volatility
SPPS.DE vs. SPYL.DE - Volatility Comparison
The current volatility for SPDR Bloomberg SASB 0-3 Year Euro Corporate ESG UCITS ETF Acc (SPPS.DE) is 1.05%, while State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a volatility of 2.66%. This indicates that SPPS.DE experiences smaller price fluctuations and is considered to be less risky than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPS.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 2.66% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 1.85% | 7.57% | -5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 11.52% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.26% | 14.61% | -12.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.26% | 14.61% | -12.35% |
SPPS.DE vs. SPYL.DE - Expense Ratio Comparison
SPPS.DE has a 0.12% expense ratio, which is higher than SPYL.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
SPPS.DE vs. SPYL.DE - Dividend Comparison
Neither SPPS.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPS.DE and SPYL.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.12% for SPPS.DE.
SPPS.DE is categorized as European Corporate Bonds, while SPYL.DE is S&P 500. SPPS.DE tracks Bloomberg SASB Euro Corporate 0-3 year ESG Ex-Controversies Select, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.12% for SPPS.DE and 0.03% for SPYL.DE.
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