SPY4.DE vs. SPYY.DE
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPY4.DE returned 10.43%/yr vs 12.40%/yr for SPYY.DE. A 0.78 correlation means they provide meaningful diversification when combined. SPY4.DE charges 0.30%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPY4.DE vs. SPYY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY4.DE achieves a 14.09% return, which is significantly higher than SPYY.DE's 12.54% return. Over the past 10 years, SPY4.DE has underperformed SPYY.DE with an annualized return of 10.43%, while SPYY.DE has yielded a comparatively higher 12.40% annualized 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%
SPYY.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.54%
- 6M
- 12.75%
- 1Y
- 26.58%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPY4.DE vs. SPYY.DE - 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 | 14.09% | -3.63% | 18.67% | 13.23% | -8.82% | 35.58% | 2.35% | 29.19% | -8.75% | 1.67% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPY4.DE and SPYY.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2012 | 0.78 |
The correlation between SPY4.DE and SPYY.DE has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. SPYY.DE — Risk / Return Rank
SPY4.DE
SPYY.DE
SPY4.DE vs. SPYY.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 SPDR MSCI ACWI UCITS ETF (SPYY.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.
| SPY4.DE | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.44 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.10 | -0.32 |
| Martin ratioReturn relative to average drawdown | 11.31 | 16.60 | -5.30 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.32 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.88 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.82 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.83 | -0.18 |
Drawdowns
SPY4.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.72%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and SPYY.DE.
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Drawdown Indicators
| SPY4.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -33.49% | -9.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -6.49% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -21.27% | -7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -21.27% | -7.84% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -33.49% | -9.23% |
Current DrawdownCurrent decline from peak | 0.00% | -0.61% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -4.39% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.61% | +0.42% |
Volatility
SPY4.DE vs. SPYY.DE - Volatility Comparison
SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) has a higher volatility of 3.51% compared to SPDR MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that SPY4.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.05% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 8.21% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 11.47% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 13.90% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 15.07% | +4.43% |
SPY4.DE vs. SPYY.DE - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPY4.DE vs. SPYY.DE - Dividend Comparison
Neither SPY4.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY4.DE and SPYY.DE have a correlation of 0.74, 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 0.40% for SPYY.DE.
SPY4.DE is categorized as Mid Cap Blend Equities, while SPYY.DE is Global Equities. SPY4.DE tracks S&P MidCap 400, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.30% for SPY4.DE and 0.40% for SPYY.DE.
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