SPY4.DE vs. ^GSPC
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) is Mid Cap Blend Equities fund tracking the S&P MidCap 400, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SPY4.DE returned 9.95%/yr vs 12.65%/yr for ^GSPC. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
SPY4.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
SPY4.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY4.DE achieves a 16.19% return, which is significantly higher than ^GSPC's 11.89% return. Over the past 10 years, SPY4.DE has underperformed ^GSPC with an annualized return of 9.95%, while ^GSPC has yielded a comparatively higher 12.65% annualized return.
SPY4.DE
- 1D
- 0.04%
- 1M
- -0.21%
- 6M
- 11.52%
- YTD
- 16.19%
- 1Y
- 22.44%
- 3Y*
- 11.59%
- 5Y*
- 8.87%
- 10Y*
- 9.95%
- ALL TIME*
- 12.22%
^GSPC
- 1D
- 0.00%
- 1M
- -0.35%
- 6M
- 12.48%
- YTD
- 11.89%
- 1Y
- 20.91%
- 3Y*
- 16.94%
- 5Y*
- 11.94%
- 10Y*
- 12.65%
- ALL TIME*
- 10.08%
SPY4.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 16.19% | -3.63% | 18.67% | 13.23% | -8.82% | 35.58% | 2.35% | 29.20% | -8.77% | 1.67% |
^GSPC S&P 500 Index | 11.89% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between SPY4.DE and ^GSPC is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2012 | 0.54 |
The correlation between SPY4.DE and ^GSPC has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. ^GSPC — Risk / Return Rank
SPY4.DE
^GSPC
SPY4.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPY4.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 2.78 | +0.91 |
| Martin ratioReturn relative to average drawdown | 11.06 | 10.22 | +0.84 |
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Drawdowns
SPY4.DE vs. ^GSPC - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.71%, smaller than the maximum ^GSPC drawdown of -50.14%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and ^GSPC.
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Drawdown Indicators
| SPY4.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -50.14% | +7.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -7.57% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -23.99% | -5.12% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -23.99% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -33.42% | -9.29% |
Current DrawdownCurrent decline from peak | -2.43% | -1.73% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -8.49% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.05% | -0.03% |
Volatility
SPY4.DE vs. ^GSPC - Volatility Comparison
SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) has a higher volatility of 4.21% compared to S&P 500 Index (^GSPC) at 2.39%. This indicates that SPY4.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY4.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.39% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 9.21% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 12.62% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 16.83% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 18.60% | +0.88% |
Frequently Asked Questions
SPY4.DE and ^GSPC have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SPY4.DE and ^GSPC
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