SPY2.DE vs. IQQ7.DE
SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and IQQ7.DE (iShares US Property Yield UCITS ETF) are both REIT funds - SPY2.DE tracks the Dow Jones Global Select Real Estate Securities while IQQ7.DE tracks the FTSE EPRA/NAREIT United States Dividend+. Both are passively managed. Over the past 5 years, SPY2.DE returned 2.27%/yr vs 4.46%/yr for IQQ7.DE. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
SPY2.DE vs. IQQ7.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 lower than IQQ7.DE's 14.24% 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*
- —
IQQ7.DE
- 1D
- -0.04%
- 1M
- 1.48%
- YTD
- 14.24%
- 6M
- 13.53%
- 1Y
- 12.08%
- 3Y*
- 7.46%
- 5Y*
- 4.46%
- 10Y*
- 4.47%
SPY2.DE vs. IQQ7.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% |
IQQ7.DE iShares US Property Yield UCITS ETF | 14.24% | -9.38% | 10.73% | 9.18% | -19.53% | 54.15% | -19.20% | -3.37% |
Correlation
The correlation between SPY2.DE and IQQ7.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019 | 0.95 |
The correlation between SPY2.DE and IQQ7.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
SPY2.DE vs. IQQ7.DE — Risk / Return Rank
SPY2.DE
IQQ7.DE
SPY2.DE vs. IQQ7.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 US Property Yield UCITS ETF (IQQ7.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 | IQQ7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.96 | -0.48 |
| Martin ratioReturn relative to average drawdown | 4.38 | 4.13 | +0.24 |
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 | IQQ7.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 0.94 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.25 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.22 | -0.16 |
Drawdowns
SPY2.DE vs. IQQ7.DE - Drawdown Comparison
The maximum SPY2.DE drawdown since its inception was -42.59%, smaller than the maximum IQQ7.DE drawdown of -68.97%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and IQQ7.DE.
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Drawdown Indicators
| SPY2.DE | IQQ7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.59% | -68.97% | +26.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -6.13% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -24.01% | +3.87% |
Max Drawdown (5Y)Largest decline over 5 years | -30.72% | -31.10% | +0.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.21% | — |
Current DrawdownCurrent decline from peak | -7.69% | -5.01% | -2.68% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -14.82% | -0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.92% | -0.59% |
Volatility
SPY2.DE vs. IQQ7.DE - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) is 2.82%, while iShares US Property Yield UCITS ETF (IQQ7.DE) has a volatility of 3.27%. This indicates that SPY2.DE experiences smaller price fluctuations and is considered to be less risky than IQQ7.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 | IQQ7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.27% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 8.99% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 12.78% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 17.35% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 20.09% | -0.18% |
SPY2.DE vs. IQQ7.DE - Expense Ratio Comparison
Both SPY2.DE and IQQ7.DE have an expense ratio of 0.40%.
Dividends
SPY2.DE vs. IQQ7.DE - Dividend Comparison
SPY2.DE has not paid dividends to shareholders, while IQQ7.DE's dividend yield for the trailing twelve months is around 2.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQ7.DE iShares US Property Yield UCITS ETF | 2.98% | 3.36% | 2.99% | 3.21% | 3.87% | 2.04% | 3.54% | 3.11% | 4.53% | 3.38% | 3.34% | 2.94% |
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
With a correlation of 0.92, SPY2.DE and IQQ7.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPY2.DE and IQQ7.DE have the same expense ratio: 0.40% per year.
SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while IQQ7.DE tracks FTSE EPRA/NAREIT United States Dividend+. They also come from different issuers: State Street and iShares.
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