SPY4.DE vs. ESIF.L
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and ESIF.L (iShares MSCI Europe Financials Sector UCITS ETF) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while ESIF.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, SPY4.DE returned 8.81%/yr vs 19.47%/yr for ESIF.L. A 0.54 correlation means they provide meaningful diversification when combined. SPY4.DE charges 0.30%/yr vs 0.18%/yr for ESIF.L.
Performance
SPY4.DE vs. ESIF.L - Performance Comparison
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Different Trading Currencies
SPY4.DE is traded in EUR, while ESIF.L is traded in GBP. To make them comparable, the ESIF.L 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 14.09% return, which is significantly higher than ESIF.L's 4.05% return.
SPY4.DE
- 1D
- 0.26%
- 1M
- 2.42%
- YTD
- 14.09%
- 6M
- 13.87%
- 1Y
- 23.49%
- 3Y*
- 12.93%
- 5Y*
- 8.81%
- 10Y*
- 10.43%
ESIF.L
- 1D
- 0.74%
- 1M
- 3.49%
- YTD
- 4.05%
- 6M
- 10.34%
- 1Y
- 22.48%
- 3Y*
- 28.88%
- 5Y*
- 19.47%
- 10Y*
- —
SPY4.DE vs. ESIF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 14.09% | -3.63% | 18.67% | 13.23% | -8.82% | 35.58% | 1.69% |
ESIF.L iShares MSCI Europe Financials Sector UCITS ETF | 4.06% | 46.49% | 25.88% | 21.33% | -1.75% | 28.32% | 2.14% |
Correlation
The correlation between SPY4.DE and ESIF.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020 | 0.54 |
The correlation between SPY4.DE and ESIF.L 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. ESIF.L — Risk / Return Rank
SPY4.DE
ESIF.L
SPY4.DE vs. ESIF.L - 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 (ESIF.L). 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.
| SPY4.DE | ESIF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 1.85 | +1.94 |
| Martin ratioReturn relative to average drawdown | 11.31 | 6.25 | +5.05 |
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
| SPY4.DE | ESIF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.28 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 1.05 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.18 | -0.54 |
Drawdowns
SPY4.DE vs. ESIF.L - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.72%, which is greater than ESIF.L's maximum drawdown of -22.71%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and ESIF.L.
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Drawdown Indicators
| SPY4.DE | ESIF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -22.71% | -20.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -12.13% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -16.73% | -12.38% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -22.71% | -6.40% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.75% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -4.09% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 3.59% | -1.56% |
Volatility
SPY4.DE vs. ESIF.L - Volatility Comparison
The current volatility for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) is 3.51%, while iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) has a volatility of 5.43%. This indicates that SPY4.DE experiences smaller price fluctuations and is considered to be less risky than ESIF.L 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.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 5.43% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 14.17% | -4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 17.44% | -2.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 18.61% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 18.55% | +0.95% |
SPY4.DE vs. ESIF.L - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is higher than ESIF.L's 0.18% expense ratio.
Dividends
SPY4.DE vs. ESIF.L - Dividend Comparison
Neither SPY4.DE nor ESIF.L has paid dividends to shareholders.
Frequently Asked Questions
SPY4.DE and ESIF.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIF.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.L 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.L is Financials Equities. SPY4.DE tracks S&P MidCap 400, while ESIF.L 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.L.
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