SPY2.DE vs. SPPY.DE

Last updated Jun 5, 2026

SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SPY2.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SPY2.DE returned 2.27%/yr vs 15.63%/yr for SPPY.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPY2.DE charges 0.40%/yr vs 0.10%/yr for SPPY.DE.

Performance

SPY2.DE vs. SPPY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPY2.DE achieves a 8.38% return, which is significantly lower than SPPY.DE's 11.08% 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*: —

SPPY.DE

• 1D: 0.58%
• 1M: 5.11%
• YTD: 11.08%
• 6M: 11.71%
• 1Y: 28.37%
• 3Y*: 18.87%
• 5Y*: 15.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPY2.DE vs. SPPY.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%	-0.28%
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF	11.08%	4.44%	32.87%	26.92%	-14.47%	41.09%	8.04%	4.57%

Correlation

The correlation between SPY2.DE and SPPY.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.58

The correlation between SPY2.DE and SPPY.DE shifts across timeframes, from 0.38 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SPY2.DE vs. SPPY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPY2.DE

SPY2.DE Risk / Return Rank: 27
SPY2.DE Sharpe Ratio Rank: 25
SPY2.DE Sortino Ratio Rank: 24
SPY2.DE Omega Ratio Rank: 24
SPY2.DE Calmar Ratio Rank: 31
SPY2.DE Martin Ratio Rank: 30

SPPY.DE

SPPY.DE Risk / Return Rank: 78
SPPY.DE Sharpe Ratio Rank: 76
SPPY.DE Sortino Ratio Rank: 75
SPPY.DE Omega Ratio Rank: 76
SPPY.DE Calmar Ratio Rank: 82
SPPY.DE Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPY2.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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	SPPY.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.89	2.43	-1.54
Sortino ratio: Return per unit of downside risk	1.26	3.33	-2.06
Omega ratio: Gain probability vs. loss probability	1.16	1.44	-0.28
Calmar ratio: Return relative to maximum drawdown	1.48	4.21	-2.73
Martin ratio: Return relative to average drawdown	4.38	16.03	-11.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY2.DE vs. SPPY.DE - Sharpe Ratio Comparison

The current SPY2.DE Sharpe Ratio is 0.89, which is lower than the SPPY.DE Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of SPY2.DE and SPPY.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPY2.DE	SPPY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	2.43	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	1.00	-0.85
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.92	-0.87

Drawdowns

SPY2.DE vs. SPPY.DE - Drawdown Comparison

The maximum SPY2.DE drawdown since its inception was -42.59%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and SPPY.DE.

Drawdown Indicators

	SPY2.DE	SPPY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.59%	-33.31%	-9.28%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-6.71%	-0.15%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-23.82%	+3.68%
Max Drawdown (5Y) Largest decline over 5 years	-30.72%	-23.82%	-6.90%
Current Drawdown Current decline from peak	-7.69%	0.00%	-7.69%
Average Drawdown Average peak-to-trough decline	-15.50%	-4.84%	-10.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.77%	+0.56%

Volatility

SPY2.DE vs. SPPY.DE - Volatility Comparison

SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) have volatilities of 2.82% and 2.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPY2.DE	SPPY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	2.69%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	7.79%	+0.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	11.62%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	15.43%	-0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	17.57%	+2.34%

SPY2.DE vs. SPPY.DE - Expense Ratio Comparison

SPY2.DE has a 0.40% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.

Dividends

SPY2.DE vs. SPPY.DE - Dividend Comparison

Neither SPY2.DE nor SPPY.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPY2.DE and SPPY.DE in my portfolio?

SPY2.DE and SPPY.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPY2.DE or SPPY.DE?

On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPY2.DE or SPPY.DE?

SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for SPY2.DE.

What is the main difference between SPY2.DE and SPPY.DE?

SPY2.DE is categorized as REIT, while SPPY.DE is S&P 500. SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.40% for SPY2.DE and 0.10% for SPPY.DE.