SPY1.DE vs. EFRW.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and EFRW.DE (iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc) are both S&P 500 funds - SPY1.DE tracks the S&P 500 Low Volatility while EFRW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, SPY1.DE returned -1.53% vs 16.94% for EFRW.DE. At a 0.35 correlation, their price movements are largely independent. SPY1.DE charges 0.35%/yr vs 0.17%/yr for EFRW.DE.
Performance
SPY1.DE vs. EFRW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than EFRW.DE's 8.09% return.
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
EFRW.DE
- 1D
- 0.36%
- 1M
- 3.51%
- YTD
- 8.09%
- 6M
- 9.41%
- 1Y
- 16.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY1.DE vs. EFRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -4.89% |
EFRW.DE iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc | 8.09% | 9.95% |
Correlation
The correlation between SPY1.DE and EFRW.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.35 |
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Return for Risk
SPY1.DE vs. EFRW.DE — Risk / Return Rank
SPY1.DE
EFRW.DE
SPY1.DE vs. EFRW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.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.
| SPY1.DE | EFRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.70 | ||
| Sortino ratioReturn per unit of downside risk | -2.52 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.37 | -2.59 |
| Martin ratioReturn relative to average drawdown | -0.48 | 8.32 | -8.81 |
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
| SPY1.DE | EFRW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 1.55 | -1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 1.55 | -0.85 |
Drawdowns
SPY1.DE vs. EFRW.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, which is greater than EFRW.DE's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and EFRW.DE.
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Drawdown Indicators
| SPY1.DE | EFRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -7.12% | -28.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -7.12% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | — | — |
Current DrawdownCurrent decline from peak | -11.45% | 0.00% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -1.35% | -4.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.03% | +1.12% |
Volatility
SPY1.DE vs. EFRW.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.46% compared to iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.DE) at 2.64%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than EFRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY1.DE | EFRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.64% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 7.67% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 10.91% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 11.32% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 11.32% | +2.68% |
SPY1.DE vs. EFRW.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than EFRW.DE's 0.17% expense ratio.
Dividends
SPY1.DE vs. EFRW.DE - Dividend Comparison
Neither SPY1.DE nor EFRW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and EFRW.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EFRW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EFRW.DE is cheaper with a 0.17% expense ratio, compared with 0.35% for SPY1.DE.
SPY1.DE tracks S&P 500 Low Volatility, while EFRW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for SPY1.DE and 0.17% for EFRW.DE.
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