SPY2.DE vs. WTRE.DE
SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and WTRE.DE (WisdomTree New Economy Real Estate UCITS ETF USD Acc) are both REIT funds - SPY2.DE tracks the Dow Jones Global Select Real Estate Securities while WTRE.DE tracks the CenterSquare New Economy Real Estate. Both are passively managed. Over the past 3 years, SPY2.DE returned 5.92%/yr vs 16.45%/yr for WTRE.DE. A 0.80 correlation means they provide meaningful diversification when combined. SPY2.DE charges 0.40%/yr vs 0.45%/yr for WTRE.DE.
Performance
SPY2.DE vs. WTRE.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 WTRE.DE's 23.44% 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*
- —
WTRE.DE
- 1D
- -1.20%
- 1M
- 6.75%
- YTD
- 23.44%
- 6M
- 21.24%
- 1Y
- 44.31%
- 3Y*
- 16.45%
- 5Y*
- —
- 10Y*
- —
SPY2.DE vs. WTRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 8.38% | -2.42% | 5.09% | 7.66% | -15.10% |
WTRE.DE WisdomTree New Economy Real Estate UCITS ETF USD Acc | 23.44% | 17.67% | 0.40% | 10.12% | -17.45% |
Correlation
The correlation between SPY2.DE and WTRE.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.80 |
Over the past year, the correlation between SPY2.DE and WTRE.DE has dropped to 0.49 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
SPY2.DE vs. WTRE.DE — Risk / Return Rank
SPY2.DE
WTRE.DE
SPY2.DE vs. WTRE.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 WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTRE.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 | WTRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.36 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.24 | -1.75 |
| Martin ratioReturn relative to average drawdown | 4.38 | 8.61 | -4.24 |
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 | WTRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 2.23 | -1.34 |
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 | 0.38 | -0.33 |
Drawdowns
SPY2.DE vs. WTRE.DE - Drawdown Comparison
The maximum SPY2.DE drawdown since its inception was -42.59%, which is greater than WTRE.DE's maximum drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and WTRE.DE.
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Drawdown Indicators
| SPY2.DE | WTRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.59% | -32.32% | -10.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -13.63% | +6.77% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -23.53% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -30.72% | — | — |
Current DrawdownCurrent decline from peak | -7.69% | -2.46% | -5.23% |
Average DrawdownAverage peak-to-trough decline | -15.50% | -15.54% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 5.13% | -2.80% |
Volatility
SPY2.DE vs. WTRE.DE - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) is 2.82%, while WisdomTree New Economy Real Estate UCITS ETF USD Acc (WTRE.DE) has a volatility of 6.78%. This indicates that SPY2.DE experiences smaller price fluctuations and is considered to be less risky than WTRE.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 | WTRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 6.78% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.57% | 13.94% | -5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 19.83% | -8.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.06% | 17.54% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.91% | 17.54% | +2.37% |
SPY2.DE vs. WTRE.DE - Expense Ratio Comparison
SPY2.DE has a 0.40% expense ratio, which is lower than WTRE.DE's 0.45% expense ratio.
Dividends
SPY2.DE vs. WTRE.DE - Dividend Comparison
Neither SPY2.DE nor WTRE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY2.DE and WTRE.DE have a correlation of 0.49, 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 0.45% for WTRE.DE.
SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while WTRE.DE tracks CenterSquare New Economy Real Estate. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.40% for SPY2.DE and 0.45% for WTRE.DE.
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