SPPW.DE vs. SPYI
Compare and contrast key facts about SPDR MSCI World UCITS ETF (SPPW.DE) and NEOS S&P 500 High Income ETF (SPYI).
SPPW.DE and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPPW.DE is a passively managed fund by State Street that tracks the performance of the MSCI World. It was launched on Feb 28, 2019. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPPW.DE or SPYI.
Key characteristics
| SPPW.DE | SPYI | |
|---|---|---|
| YTD Return | 15.03% | 14.49% |
| 1Y Return | 19.44% | 16.92% |
| Sharpe Ratio | 1.86 | 1.63 |
| Daily Std Dev | 10.79% | 9.68% |
| Max Drawdown | -33.69% | -10.19% |
| Current Drawdown | -2.04% | -0.02% |
Correlation
The correlation between SPPW.DE and SPYI is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPPW.DE vs. SPYI - Performance Comparison
The year-to-date returns for both stocks are quite close, with SPPW.DE having a 15.03% return and SPYI slightly lower at 14.49%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPPW.DE vs. SPYI - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
SPPW.DE vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.DE) and NEOS S&P 500 High Income ETF (SPYI). 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.
Dividends
SPPW.DE vs. SPYI - Dividend Comparison
SPPW.DE has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.72%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 0.00% | 0.00% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 11.72% | 12.01% | 4.10% |
Drawdowns
SPPW.DE vs. SPYI - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and SPYI. For additional features, visit the drawdowns tool.
Volatility
SPPW.DE vs. SPYI - Volatility Comparison
SPDR MSCI World UCITS ETF (SPPW.DE) has a higher volatility of 3.99% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.38%. This indicates that SPPW.DE's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.