SPPY.DE vs. 4UBQ.DE

Last updated Jun 5, 2026

SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and 4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc) are both S&P 500 funds - SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index while 4UBQ.DE tracks the S&P 500 ESG. Both are passively managed. Over the past 5 years, SPPY.DE returned 15.63%/yr vs 15.51%/yr for 4UBQ.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.

Performance

SPPY.DE vs. 4UBQ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SPPY.DE having a 11.08% return and 4UBQ.DE slightly higher at 11.15%.

SPPY.DE

• 1D: 0.58%
• 1M: 5.11%
• YTD: 11.08%
• 6M: 11.71%
• 1Y: 28.37%
• 3Y*: 18.87%
• 5Y*: 15.63%
• 10Y*: —

4UBQ.DE

• 1D: 0.58%
• 1M: 5.42%
• YTD: 11.15%
• 6M: 11.64%
• 1Y: 28.57%
• 3Y*: 18.50%
• 5Y*: 15.51%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPY.DE vs. 4UBQ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF	11.08%	4.44%	32.87%	26.92%	-14.47%	41.09%	9.62%
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc	11.15%	5.39%	31.02%	24.03%	-13.92%	43.62%	8.66%

Correlation

The correlation between SPPY.DE and 4UBQ.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020	0.99

The correlation between SPPY.DE and 4UBQ.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

SPPY.DE vs. 4UBQ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPY.DE

SPPY.DE Risk / Return Rank: 78
SPPY.DE Sharpe Ratio Rank: 76
SPPY.DE Sortino Ratio Rank: 75
SPPY.DE Omega Ratio Rank: 76
SPPY.DE Calmar Ratio Rank: 82
SPPY.DE Martin Ratio Rank: 81

4UBQ.DE

4UBQ.DE Risk / Return Rank: 79
4UBQ.DE Sharpe Ratio Rank: 78
4UBQ.DE Sortino Ratio Rank: 76
4UBQ.DE Omega Ratio Rank: 78
4UBQ.DE Calmar Ratio Rank: 80
4UBQ.DE Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPY.DE vs. 4UBQ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.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.

	SPPY.DE	4UBQ.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.47	-0.04
Sortino ratio: Return per unit of downside risk	3.33	3.36	-0.03
Omega ratio: Gain probability vs. loss probability	1.44	1.46	-0.01
Calmar ratio: Return relative to maximum drawdown	4.21	4.10	+0.11
Martin ratio: Return relative to average drawdown	16.03	15.73	+0.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPY.DE vs. 4UBQ.DE - Sharpe Ratio Comparison

The current SPPY.DE Sharpe Ratio is 2.43, which is comparable to the 4UBQ.DE Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of SPPY.DE and 4UBQ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPPY.DE	4UBQ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.47	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	1.00	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.11	-0.19

Drawdowns

SPPY.DE vs. 4UBQ.DE - Drawdown Comparison

The maximum SPPY.DE drawdown since its inception was -33.31%, which is greater than 4UBQ.DE's maximum drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and 4UBQ.DE.

Drawdown Indicators

	SPPY.DE	4UBQ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-23.35%	-9.96%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-6.93%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.82%	-23.35%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-23.82%	-23.35%	-0.47%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.84%	-4.02%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.81%	-0.04%

Volatility

SPPY.DE vs. 4UBQ.DE - Volatility Comparison

State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) have volatilities of 2.69% and 2.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPY.DE	4UBQ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	2.81%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	7.61%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	11.53%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	15.27%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	15.39%	+2.18%

SPPY.DE vs. 4UBQ.DE - Expense Ratio Comparison

Both SPPY.DE and 4UBQ.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SPPY.DE vs. 4UBQ.DE - Dividend Comparison

Neither SPPY.DE nor 4UBQ.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPPY.DE and 4UBQ.DE in my portfolio?

With a correlation of 0.98, SPPY.DE and 4UBQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SPPY.DE or 4UBQ.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPPY.DE or 4UBQ.DE?

SPPY.DE and 4UBQ.DE have the same expense ratio: 0.10% per year.

What is the main difference between SPPY.DE and 4UBQ.DE?

SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while 4UBQ.DE tracks S&P 500 ESG. They also come from different issuers: State Street and UBS.