SPY2.DE vs. SPYL.DE
SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SPY2.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SPY2.DE returned 10.21% vs 25.61% for SPYL.DE. At a 0.45 correlation, their price movements are largely independent. SPY2.DE charges 0.40%/yr vs 0.03%/yr for SPYL.DE.
Performance
SPY2.DE vs. SPYL.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 SPYL.DE's 11.37% 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*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY2.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 8.38% | -2.42% | 5.09% | 15.87% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between SPY2.DE and SPYL.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.45 |
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Return for Risk
SPY2.DE vs. SPYL.DE — Risk / Return Rank
SPY2.DE
SPYL.DE
SPY2.DE vs. SPYL.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 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.58 | -2.09 |
| Martin ratioReturn relative to average drawdown | 4.38 | 12.72 | -8.35 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.21 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 1.54 | -1.48 |
Drawdowns
SPY2.DE vs. SPYL.DE - Drawdown Comparison
The maximum SPY2.DE drawdown since its inception was -42.59%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and SPYL.DE.
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Drawdown Indicators
| SPY2.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.59% | -23.27% | -19.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -7.13% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.72% | — | — |
Current DrawdownCurrent decline from peak | -7.69% | -0.46% | -7.23% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -3.24% | -12.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.01% | +0.32% |
Volatility
SPY2.DE vs. SPYL.DE - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) has a higher volatility of 2.82% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that SPY2.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 2.66% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 7.57% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 11.52% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 14.61% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 14.61% | +5.30% |
SPY2.DE vs. SPYL.DE - Expense Ratio Comparison
SPY2.DE has a 0.40% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
SPY2.DE vs. SPYL.DE - Dividend Comparison
Neither SPY2.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY2.DE and SPYL.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.40% for SPY2.DE.
SPY2.DE is categorized as REIT, while SPYL.DE is S&P 500. SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.40% for SPY2.DE and 0.03% for SPYL.DE.
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