SPY2.DE vs. EXI5.DE
SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and EXI5.DE (iShares STOXX Europe 600 Real Estate UCITS ETF (DE)) are both REIT funds - SPY2.DE tracks the Dow Jones Global Select Real Estate Securities while EXI5.DE tracks the STOXX® Europe 600 Real Estate. Both are passively managed. Over the past 5 years, SPY2.DE returned 2.27%/yr vs -4.96%/yr for EXI5.DE. A 0.65 correlation means they provide meaningful diversification when combined. SPY2.DE charges 0.40%/yr vs 0.46%/yr for EXI5.DE.
Performance
SPY2.DE vs. EXI5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY2.DE achieves a 8.38% return, which is significantly higher than EXI5.DE's -0.40% return.
SPY2.DE
- 1D
- 0.10%
- 1M
- -0.62%
- YTD
- 8.38%
- 6M
- 7.13%
- 1Y
- 10.21%
- 3Y*
- 5.92%
- 5Y*
- 2.27%
- 10Y*
- —
EXI5.DE
- 1D
- 0.83%
- 1M
- -0.45%
- YTD
- -0.40%
- 6M
- 0.20%
- 1Y
- -4.89%
- 3Y*
- 6.81%
- 5Y*
- -4.96%
- 10Y*
- -1.04%
SPY2.DE vs. EXI5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 8.38% | -2.42% | 5.09% | 7.66% | -20.98% | 41.62% | -18.78% | -1.52% |
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | -0.40% | 3.76% | -4.15% | 17.26% | -37.90% | 16.10% | -8.71% | 4.29% |
Correlation
The correlation between SPY2.DE and EXI5.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019 | 0.65 |
The correlation between SPY2.DE and EXI5.DE has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
SPY2.DE vs. EXI5.DE — Risk / Return Rank
SPY2.DE
EXI5.DE
SPY2.DE vs. EXI5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.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.
| SPY2.DE | EXI5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.96 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | -0.32 | +1.80 |
| Martin ratioReturn relative to average drawdown | 4.38 | -0.75 | +5.13 |
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
| SPY2.DE | EXI5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | -0.31 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.22 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.02 | +0.07 |
Drawdowns
SPY2.DE vs. EXI5.DE - Drawdown Comparison
The maximum SPY2.DE drawdown since its inception was -42.59%, smaller than the maximum EXI5.DE drawdown of -77.04%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and EXI5.DE.
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Drawdown Indicators
| SPY2.DE | EXI5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.59% | -77.04% | +34.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -15.30% | +8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -21.03% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -30.72% | -48.08% | +17.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.08% | — |
Current DrawdownCurrent decline from peak | -7.69% | -29.97% | +22.28% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -30.50% | +15.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 6.50% | -4.17% |
Volatility
SPY2.DE vs. EXI5.DE - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) is 2.82%, while iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) has a volatility of 4.75%. This indicates that SPY2.DE experiences smaller price fluctuations and is considered to be less risky than EXI5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY2.DE | EXI5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.75% | -1.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 13.25% | -4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 15.90% | -4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 22.21% | -7.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 20.28% | -0.37% |
SPY2.DE vs. EXI5.DE - Expense Ratio Comparison
SPY2.DE has a 0.40% expense ratio, which is lower than EXI5.DE's 0.46% expense ratio.
Dividends
SPY2.DE vs. EXI5.DE - Dividend Comparison
SPY2.DE has not paid dividends to shareholders, while EXI5.DE's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | 2.13% | 2.02% | 1.82% | 2.05% | 2.19% | 0.93% | 1.30% | 2.10% | 2.15% | 3.10% | 2.80% | 2.65% |
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPY2.DE and EXI5.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY2.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY2.DE is cheaper with a 0.40% expense ratio, compared with 0.46% for EXI5.DE.
SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while EXI5.DE tracks STOXX® Europe 600 Real Estate. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPY2.DE and 0.46% for EXI5.DE.
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