SPY1.DE vs. SPPE.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds from State Street - SPY1.DE tracks the S&P 500 Low Volatility while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, SPY1.DE returned 5.96%/yr vs 11.18%/yr for SPPE.DE. At a 0.37 correlation, their price movements are largely independent. SPY1.DE charges 0.35%/yr vs 0.12%/yr for SPPE.DE.
Performance
SPY1.DE vs. SPPE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than SPPE.DE's 9.05% 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%
SPPE.DE
- 1D
- -0.02%
- 1M
- 4.39%
- YTD
- 9.05%
- 6M
- 9.84%
- 1Y
- 24.85%
- 3Y*
- 19.65%
- 5Y*
- 11.18%
- 10Y*
- —
SPY1.DE vs. SPPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | -10.69% | 29.65% | -7.21% |
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 9.05% | 15.34% | 23.21% | 23.17% | -21.69% | 28.48% | 15.08% | 29.99% | -10.40% |
Correlation
The correlation between SPY1.DE and SPPE.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2018 | 0.37 |
The correlation between SPY1.DE and SPPE.DE shifts across timeframes, from -0.08 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPY1.DE vs. SPPE.DE — Risk / Return Rank
SPY1.DE
SPPE.DE
SPY1.DE vs. SPPE.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 SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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 | SPPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.23 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.38 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 2.87 | -3.09 |
| Martin ratioReturn relative to average drawdown | -0.48 | 12.22 | -12.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPY1.DE | SPPE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.12 | -2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.22 |
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 | 0.80 | -0.10 |
Drawdowns
SPY1.DE vs. SPPE.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, roughly equal to the maximum SPPE.DE drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and SPPE.DE.
Loading charts...
Drawdown Indicators
| SPY1.DE | SPPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -34.07% | -1.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -8.64% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -18.41% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -26.07% | +9.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | — | — |
Current DrawdownCurrent decline from peak | -11.45% | -0.59% | -10.86% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -6.19% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.03% | +1.12% |
Volatility
SPY1.DE vs. SPPE.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.46% compared to SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) at 3.07%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than SPPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPY1.DE | SPPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.07% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 8.56% | -1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 11.69% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 16.00% | -3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 18.64% | -4.64% |
SPY1.DE vs. SPPE.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than SPPE.DE's 0.12% expense ratio.
Dividends
SPY1.DE vs. SPPE.DE - Dividend Comparison
Neither SPY1.DE nor SPPE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and SPPE.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for SPY1.DE.
SPY1.DE tracks S&P 500 Low Volatility, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. Their fees differ too: 0.35% for SPY1.DE and 0.12% for SPPE.DE.
Find the right allocation for SPY1.DE and SPPE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer