SPY4.DE vs. JEDI.DE
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and JEDI.DE (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while JEDI.DE is a Industrials Equities fund tracking the MVIS Global Space Industry ESG. Both are passively managed. Over the past 3 years, SPY4.DE returned 13.76%/yr vs 50.63%/yr for JEDI.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPY4.DE charges 0.30%/yr vs 0.55%/yr for JEDI.DE.
Performance
SPY4.DE vs. JEDI.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 lower than JEDI.DE's 29.96% 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%
JEDI.DE
- 1D
- 0.00%
- 1M
- -36.00%
- YTD
- 29.96%
- 6M
- 26.60%
- 1Y
- 88.05%
- 3Y*
- 50.63%
- 5Y*
- —
- 10Y*
- —
SPY4.DE vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 17.82% | -3.63% | 18.67% | 13.23% | 7.14% |
JEDI.DE VanEck Space Innovators UCITS ETF | 29.96% | 72.15% | 52.14% | 8.55% | -0.32% |
Correlation
The correlation between SPY4.DE and JEDI.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2022 | 0.57 |
The correlation between SPY4.DE and JEDI.DE has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. JEDI.DE — Risk / Return Rank
SPY4.DE
JEDI.DE
SPY4.DE vs. JEDI.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 VanEck Space Innovators UCITS ETF (JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.60 | 2.41 | +2.19 |
| Martin ratioReturn relative to average drawdown | 14.13 | 8.81 | +5.32 |
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Drawdowns
SPY4.DE vs. JEDI.DE - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.71%, which is greater than JEDI.DE's maximum drawdown of -36.71%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and JEDI.DE.
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Drawdown Indicators
| SPY4.DE | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -36.71% | -6.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -36.71% | +30.64% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -36.71% | +7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -36.71% | +36.25% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -7.47% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 10.03% | -8.05% |
Volatility
SPY4.DE vs. JEDI.DE - Volatility Comparison
The current volatility for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) is 2.60%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 15.60%. This indicates that SPY4.DE experiences smaller price fluctuations and is considered to be less risky than JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 15.60% | -13.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 35.98% | -25.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 46.10% | -31.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.35% | 33.04% | -14.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.47% | 33.04% | -13.57% |
SPY4.DE vs. JEDI.DE - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is lower than JEDI.DE's 0.55% expense ratio.
Dividends
SPY4.DE vs. JEDI.DE - Dividend Comparison
Neither SPY4.DE nor JEDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY4.DE and JEDI.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY4.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY4.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for JEDI.DE.
SPY4.DE is categorized as Mid Cap Blend Equities, while JEDI.DE is Industrials Equities. SPY4.DE tracks S&P MidCap 400, while JEDI.DE tracks MVIS Global Space Industry ESG. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.30% for SPY4.DE and 0.55% for JEDI.DE.
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