SPY vs. EXS1.DE
SPY (State Street SPDR S&P 500 ETF) and EXS1.DE (iShares Core DAX UCITS ETF (DE)) are both exchange-traded funds - SPY is a S&P 500 fund tracking the S&P 500 Index, while EXS1.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 10 years, SPY returned 15.27%/yr vs 9.13%/yr for EXS1.DE. A 0.54 correlation means they provide meaningful diversification when combined. SPY charges 0.09%/yr vs 0.16%/yr for EXS1.DE.
Performance
SPY vs. EXS1.DE - Performance Comparison
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Different Trading Currencies
SPY is traded in USD, while EXS1.DE is traded in EUR. To make them comparable, the EXS1.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY achieves a 8.70% return, which is significantly higher than EXS1.DE's 0.15% return. Over the past 10 years, SPY has outperformed EXS1.DE with an annualized return of 15.27%, while EXS1.DE has yielded a comparatively lower 9.13% annualized return.
SPY
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- 8.70%
- 6M
- 8.75%
- 1Y
- 24.79%
- 3Y*
- 21.35%
- 5Y*
- 13.42%
- 10Y*
- 15.27%
EXS1.DE
- 1D
- 0.69%
- 1M
- 0.93%
- YTD
- 0.15%
- 6M
- 3.12%
- 1Y
- 4.04%
- 3Y*
- 18.59%
- 5Y*
- 8.07%
- 10Y*
- 9.13%
SPY vs. EXS1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 8.70% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
EXS1.DE iShares Core DAX UCITS ETF (DE) | 0.15% | 38.44% | 11.32% | 23.23% | -17.60% | 6.08% | 13.04% | 22.03% | -22.32% | 28.18% |
Correlation
The correlation between SPY and EXS1.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since May 30, 2007 | 0.54 |
The correlation between SPY and EXS1.DE shifts across timeframes, from 0.45 (3 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPY vs. EXS1.DE — Risk / Return Rank
SPY
EXS1.DE
SPY vs. EXS1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 ETF (SPY) and iShares Core DAX UCITS ETF (DE) (EXS1.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.
| SPY | EXS1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.05 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 0.28 | +2.53 |
| Martin ratioReturn relative to average drawdown | 12.93 | 0.87 | +12.06 |
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
| SPY | EXS1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.23 | +1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.39 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.44 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.20 | +0.38 |
Drawdowns
SPY vs. EXS1.DE - Drawdown Comparison
The maximum SPY drawdown since its inception was -55.19%, smaller than the maximum EXS1.DE drawdown of -61.43%. Use the drawdown chart below to compare losses from any high point for SPY and EXS1.DE.
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Drawdown Indicators
| SPY | EXS1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.19% | -61.43% | +6.24% |
Max Drawdown (1Y)Largest decline over 1 year | -8.88% | -14.41% | +5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.76% | -15.92% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -39.42% | +14.92% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -45.47% | +11.75% |
Current DrawdownCurrent decline from peak | -2.68% | -3.71% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -9.04% | -15.82% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 4.59% | -2.67% |
Volatility
SPY vs. EXS1.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 ETF (SPY) is 3.72%, while iShares Core DAX UCITS ETF (DE) (EXS1.DE) has a volatility of 5.66%. This indicates that SPY experiences smaller price fluctuations and is considered to be less risky than EXS1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY | EXS1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 5.66% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 14.44% | -5.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 17.62% | -5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 20.44% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 20.57% | -2.61% |
SPY vs. EXS1.DE - Expense Ratio Comparison
SPY has a 0.09% expense ratio, which is lower than EXS1.DE's 0.16% 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
SPY vs. EXS1.DE - Dividend Comparison
SPY's dividend yield for the trailing twelve months is around 1.00%, while EXS1.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS1.DE iShares Core DAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.51% | 0.48% | 0.73% | 0.66% |
SPY State Street SPDR S&P 500 ETF | 1.00% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
SPY and EXS1.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY is cheaper with a 0.09% expense ratio, compared with 0.16% for EXS1.DE.
SPY is categorized as S&P 500, while EXS1.DE is Europe Equities. SPY tracks S&P 500 Index, while EXS1.DE tracks DAX®. They also come from different issuers: State Street and iShares. Their fees differ too: 0.09% for SPY and 0.16% for EXS1.DE.
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