SPPY.DE vs. JREE.DE
Compare and contrast key facts about SPDR S&P 500 ESG Leaders UCITS ETF Acc (SPPY.DE) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE).
SPPY.DE and JREE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPPY.DE is a passively managed fund by State Street that tracks the performance of the S&P 500 ESG Leaders. It was launched on Dec 2, 2019. JREE.DE is a passively managed fund by JPMorgan that tracks the performance of the JP Morgan Europe Research Enhanced Index Equity (ESG). It was launched on Jun 30, 2020. Both SPPY.DE and JREE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPPY.DE or JREE.DE.
Key characteristics
| SPPY.DE | JREE.DE | |
|---|---|---|
| YTD Return | 17.76% | 9.52% |
| 1Y Return | 21.95% | 13.75% |
| 3Y Return (Ann) | 12.76% | 7.61% |
| Sharpe Ratio | 1.91 | 1.30 |
| Daily Std Dev | 12.07% | 10.88% |
| Max Drawdown | -33.31% | -35.62% |
| Current Drawdown | -3.54% | -2.94% |
Correlation
The correlation between SPPY.DE and JREE.DE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPPY.DE vs. JREE.DE - Performance Comparison
In the year-to-date period, SPPY.DE achieves a 17.76% return, which is significantly higher than JREE.DE's 9.52% return. 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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SPPY.DE vs. JREE.DE - Expense Ratio Comparison
SPPY.DE has a 0.03% expense ratio, which is lower than JREE.DE's 0.25% 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%.
Risk-Adjusted Performance
SPPY.DE vs. JREE.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 ESG Leaders UCITS ETF Acc (SPPY.DE) and JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.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.
Dividends
SPPY.DE vs. JREE.DE - Dividend Comparison
Neither SPPY.DE nor JREE.DE has paid dividends to shareholders.
Drawdowns
SPPY.DE vs. JREE.DE - Drawdown Comparison
The maximum SPPY.DE drawdown since its inception was -33.31%, smaller than the maximum JREE.DE drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and JREE.DE. For additional features, visit the drawdowns tool.
Volatility
SPPY.DE vs. JREE.DE - Volatility Comparison
SPDR S&P 500 ESG Leaders UCITS ETF Acc (SPPY.DE) has a higher volatility of 4.33% compared to JPMorgan Europe Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc) (JREE.DE) at 3.12%. This indicates that SPPY.DE's price experiences larger fluctuations and is considered to be riskier than JREE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.