SPY4.DE vs. SXR8.DE
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SPY4.DE returned 10.43%/yr vs 14.95%/yr for SXR8.DE. Their correlation of 0.85 suggests significant overlap in exposure. SPY4.DE charges 0.30%/yr vs 0.07%/yr for SXR8.DE.
Performance
SPY4.DE vs. SXR8.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 SXR8.DE's 11.37% return. Over the past 10 years, SPY4.DE has underperformed SXR8.DE with an annualized return of 10.43%, while SXR8.DE has yielded a comparatively higher 14.95% 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%
SXR8.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.83%
- 1Y
- 25.54%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
SPY4.DE vs. SXR8.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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
Correlation
The correlation between SPY4.DE and SXR8.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2012 | 0.85 |
The correlation between SPY4.DE and SXR8.DE shifts across timeframes, from 0.70 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPY4.DE vs. SXR8.DE — Risk / Return Rank
SPY4.DE
SXR8.DE
SPY4.DE vs. SXR8.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 Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.58 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.31 | 12.71 | -1.40 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.21 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.96 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.92 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.79 | -0.15 |
Drawdowns
SPY4.DE vs. SXR8.DE - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.72%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and SXR8.DE.
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Drawdown Indicators
| SPY4.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -33.78% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -7.13% | +1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -23.32% | -5.79% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -23.32% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -33.78% | -8.94% |
Current DrawdownCurrent decline from peak | 0.00% | -0.45% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -5.17% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.01% | +0.02% |
Volatility
SPY4.DE vs. SXR8.DE - Volatility Comparison
SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) has a higher volatility of 3.51% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that SPY4.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.65% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 7.57% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 11.56% | +3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 15.16% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 16.09% | +3.41% |
SPY4.DE vs. SXR8.DE - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
SPY4.DE vs. SXR8.DE - Dividend Comparison
Neither SPY4.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY4.DE and SXR8.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.30% for SPY4.DE.
SPY4.DE is categorized as Mid Cap Blend Equities, while SXR8.DE is S&P 500. SPY4.DE tracks S&P MidCap 400, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPY4.DE and 0.07% for SXR8.DE.
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