SPPX.DE vs. SPYI.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SPPX.DE is a Government Bonds fund tracking the Bloomberg US 10+ Year Treasury Bond, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, SPPX.DE returned -1.29%/yr vs 12.12%/yr for SPYI.DE. At a correlation of -0.04, they often move in opposite directions. SPPX.DE charges 0.15%/yr vs 0.17%/yr for SPYI.DE.
Performance
SPPX.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPX.DE achieves a 0.87% return, which is significantly lower than SPYI.DE's 13.27% return. Over the past 10 years, SPPX.DE has underperformed SPYI.DE with an annualized return of -1.29%, while SPYI.DE has yielded a comparatively higher 12.12% annualized return.
SPPX.DE
- 1D
- 0.30%
- 1M
- 1.41%
- YTD
- 0.87%
- 6M
- -0.50%
- 1Y
- 2.52%
- 3Y*
- -3.23%
- 5Y*
- -4.30%
- 10Y*
- -1.29%
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
SPPX.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 0.87% | -6.01% | -0.89% | -0.77% | -24.28% | 3.04% | 6.14% | 17.91% | 2.68% | -4.61% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between SPPX.DE and SPYI.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | -0.04 |
The correlation between SPPX.DE and SPYI.DE shifts across timeframes, from -0.04 (10 years) to 0.19 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPX.DE vs. SPYI.DE — Risk / Return Rank
SPPX.DE
SPYI.DE
SPPX.DE vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| SPPX.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.45 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 4.32 | -3.92 |
| Martin ratioReturn relative to average drawdown | 0.87 | 17.43 | -16.56 |
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
| SPPX.DE | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.41 | -2.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.85 | -1.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.81 | -0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.84 | -0.92 |
Drawdowns
SPPX.DE vs. SPYI.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, which is greater than SPYI.DE's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and SPYI.DE.
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Drawdown Indicators
| SPPX.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -34.60% | -9.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -6.41% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -21.66% | +5.11% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -21.66% | -14.87% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -34.60% | -9.96% |
Current DrawdownCurrent decline from peak | -40.79% | -0.56% | -40.23% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -4.34% | -18.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.59% | +1.31% |
Volatility
SPPX.DE vs. SPYI.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) is 2.37%, while SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a volatility of 3.11%. This indicates that SPPX.DE experiences smaller price fluctuations and is considered to be less risky than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPX.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.11% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 8.21% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 11.48% | -2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 13.90% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 15.18% | -0.67% |
SPPX.DE vs. SPYI.DE - Expense Ratio Comparison
SPPX.DE has a 0.15% expense ratio, which is lower than SPYI.DE's 0.17% 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
SPPX.DE vs. SPYI.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, while SPYI.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.60% | 4.77% | 4.11% | 3.16% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 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
SPPX.DE and SPYI.DE have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPX.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for SPYI.DE.
SPPX.DE is categorized as Government Bonds, while SPYI.DE is Global Equities. SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.15% for SPPX.DE and 0.17% for SPYI.DE.
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