SPY1.DE vs. SPYM.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SPY1.DE is a S&P 500 fund tracking the S&P 500 Low Volatility, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SPY1.DE returned 7.35%/yr vs 9.90%/yr for SPYM.DE. At a 0.38 correlation, their price movements are largely independent. SPY1.DE charges 0.35%/yr vs 0.18%/yr for SPYM.DE.
Performance
SPY1.DE vs. SPYM.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 SPYM.DE's 27.39% return. Over the past 10 years, SPY1.DE has underperformed SPYM.DE with an annualized return of 7.35%, while SPYM.DE has yielded a comparatively higher 9.90% annualized 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%
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
SPY1.DE vs. SPYM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 3.67% | 2.32% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between SPY1.DE and SPYM.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2012 | 0.38 |
The correlation between SPY1.DE and SPYM.DE shifts across timeframes, from -0.09 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPY1.DE vs. SPYM.DE — Risk / Return Rank
SPY1.DE
SPYM.DE
SPY1.DE vs. SPYM.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 MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.50 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 4.80 | -5.02 |
| Martin ratioReturn relative to average drawdown | -0.48 | 17.28 | -17.76 |
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 | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.79 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.50 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.54 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.34 | +0.35 |
Drawdowns
SPY1.DE vs. SPYM.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, roughly equal to the maximum SPYM.DE drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and SPYM.DE.
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Drawdown Indicators
| SPY1.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -36.28% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -10.38% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -18.96% | +4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -23.86% | +7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -31.69% | -3.61% |
Current DrawdownCurrent decline from peak | -11.45% | -2.74% | -8.71% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -9.95% | +3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.89% | +0.26% |
Volatility
SPY1.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) is 3.46%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that SPY1.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 7.34% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 15.16% | -7.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 17.87% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 16.78% | -4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 18.40% | -4.40% |
SPY1.DE vs. SPYM.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than SPYM.DE's 0.18% expense ratio.
Dividends
SPY1.DE vs. SPYM.DE - Dividend Comparison
Neither SPY1.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and SPYM.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for SPY1.DE.
SPY1.DE is categorized as S&P 500, while SPYM.DE is Emerging Markets Equities. SPY1.DE tracks S&P 500 Low Volatility, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.35% for SPY1.DE and 0.18% for SPYM.DE.
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