SPPY.DE vs. IBCK.DE
SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and IBCK.DE (iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc)) are both S&P 500 funds - SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index while IBCK.DE tracks the S&P 500 Minimum Volatility. Both are passively managed. Over the past 5 years, SPPY.DE returned 15.63%/yr vs 9.91%/yr for IBCK.DE. Their correlation of 0.85 suggests significant overlap in exposure. SPPY.DE charges 0.10%/yr vs 0.20%/yr for IBCK.DE.
Performance
SPPY.DE vs. IBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPY.DE achieves a 11.08% return, which is significantly higher than IBCK.DE's 5.14% return.
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
IBCK.DE
- 1D
- 0.27%
- 1M
- 4.51%
- YTD
- 5.14%
- 6M
- 5.73%
- 1Y
- 9.44%
- 3Y*
- 10.94%
- 5Y*
- 9.91%
- 10Y*
- 10.32%
SPPY.DE vs. IBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
IBCK.DE iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) | 5.14% | -0.69% | 25.61% | 6.20% | -6.04% | 35.73% | -2.18% | 4.24% |
Correlation
The correlation between SPPY.DE and IBCK.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.85 |
The correlation between SPPY.DE and IBCK.DE shifts across timeframes, from 0.73 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPPY.DE vs. IBCK.DE — Risk / Return Rank
SPPY.DE
IBCK.DE
SPPY.DE vs. IBCK.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 iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.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 | IBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.19 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 1.83 | +2.39 |
| Martin ratioReturn relative to average drawdown | 16.03 | 5.31 | +10.72 |
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
| SPPY.DE | IBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.07 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.79 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.88 | +0.04 |
Drawdowns
SPPY.DE vs. IBCK.DE - Drawdown Comparison
The maximum SPPY.DE drawdown since its inception was -33.31%, roughly equal to the maximum IBCK.DE drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and IBCK.DE.
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Drawdown Indicators
| SPPY.DE | IBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -33.11% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -5.08% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -23.82% | -17.55% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -17.55% | -6.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.11% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.47% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -4.50% | -0.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.75% | +0.02% |
Volatility
SPPY.DE vs. IBCK.DE - Volatility Comparison
State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a higher volatility of 2.69% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF (Acc) (IBCK.DE) at 2.26%. This indicates that SPPY.DE's price experiences larger fluctuations and is considered to be riskier than IBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPY.DE | IBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.26% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 5.71% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 8.73% | +2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 12.37% | +3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 14.02% | +3.55% |
SPPY.DE vs. IBCK.DE - Expense Ratio Comparison
SPPY.DE has a 0.10% expense ratio, which is lower than IBCK.DE's 0.20% 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
SPPY.DE vs. IBCK.DE - Dividend Comparison
Neither SPPY.DE nor IBCK.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPY.DE and IBCK.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for IBCK.DE.
SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while IBCK.DE tracks S&P 500 Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for SPPY.DE and 0.20% for IBCK.DE.
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