SPY4.DE vs. ESIF.DE
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while ESIF.DE is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, SPY4.DE returned 9.07%/yr vs 21.09%/yr for ESIF.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPY4.DE charges 0.30%/yr vs 0.18%/yr for ESIF.DE.
Performance
SPY4.DE vs. ESIF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY4.DE achieves a 17.82% return, which is significantly higher than ESIF.DE's 10.01% return.
SPY4.DE
- 1D
- -0.46%
- 1M
- 4.63%
- YTD
- 17.82%
- 6M
- 17.81%
- 1Y
- 28.05%
- 3Y*
- 13.76%
- 5Y*
- 9.07%
- 10Y*
- 11.05%
ESIF.DE
- 1D
- -0.80%
- 1M
- 4.16%
- YTD
- 10.01%
- 6M
- 10.47%
- 1Y
- 33.33%
- 3Y*
- 31.77%
- 5Y*
- 21.09%
- 10Y*
- —
SPY4.DE vs. ESIF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 17.82% | -3.63% | 18.67% | 13.23% | -8.82% | 35.58% | 3.33% |
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 10.01% | 47.72% | 25.25% | 21.60% | -2.85% | 29.01% | 2.38% |
Correlation
The correlation between SPY4.DE and ESIF.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.57 |
The correlation between SPY4.DE and ESIF.DE has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. ESIF.DE — Risk / Return Rank
SPY4.DE
ESIF.DE
SPY4.DE vs. ESIF.DE - 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 iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.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.
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 | ESIF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 2.69 | +1.92 |
| Martin ratioReturn relative to average drawdown | 14.13 | 9.18 | +4.95 |
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Drawdowns
SPY4.DE vs. ESIF.DE - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.71%, which is greater than ESIF.DE's maximum drawdown of -22.87%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and ESIF.DE.
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Drawdown Indicators
| SPY4.DE | ESIF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -22.87% | -19.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -12.35% | +6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -17.08% | -12.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -22.87% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -1.35% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -4.10% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 3.62% | -1.64% |
Volatility
SPY4.DE vs. ESIF.DE - Volatility Comparison
The current volatility for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) is 2.60%, while iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) has a volatility of 5.05%. This indicates that SPY4.DE experiences smaller price fluctuations and is considered to be less risky than ESIF.DE 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 | ESIF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 5.05% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 15.05% | -5.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 18.08% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 19.04% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 18.85% | +0.62% |
SPY4.DE vs. ESIF.DE - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is higher than ESIF.DE's 0.18% expense ratio.
Dividends
SPY4.DE vs. ESIF.DE - Dividend Comparison
Neither SPY4.DE nor ESIF.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY4.DE and ESIF.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for SPY4.DE.
SPY4.DE is categorized as Mid Cap Blend Equities, while ESIF.DE is Financials Equities. SPY4.DE tracks S&P MidCap 400, while ESIF.DE tracks MSCI World/Financials NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPY4.DE and 0.18% for ESIF.DE.
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