SPY4.DE vs. URTH
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and URTH (iShares MSCI World ETF) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, SPY4.DE returned 10.43%/yr vs 12.97%/yr for URTH. A 0.53 correlation means they provide meaningful diversification when combined. SPY4.DE charges 0.30%/yr vs 0.24%/yr for URTH.
Performance
SPY4.DE vs. URTH - Performance Comparison
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Different Trading Currencies
SPY4.DE is traded in EUR, while URTH is traded in USD. To make them comparable, the URTH 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 URTH's 11.97% return. Over the past 10 years, SPY4.DE has underperformed URTH with an annualized return of 10.43%, while URTH has yielded a comparatively higher 12.97% annualized return.
SPY4.DE
- 1D
- 0.26%
- 1M
- 3.97%
- YTD
- 14.09%
- 6M
- 14.48%
- 1Y
- 23.06%
- 3Y*
- 12.93%
- 5Y*
- 8.81%
- 10Y*
- 10.43%
URTH
- 1D
- 0.36%
- 1M
- 5.08%
- YTD
- 11.97%
- 6M
- 11.62%
- 1Y
- 24.41%
- 3Y*
- 17.91%
- 5Y*
- 13.01%
- 10Y*
- 12.97%
SPY4.DE vs. URTH - 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% |
URTH iShares MSCI World ETF | 11.97% | 6.96% | 26.49% | 20.23% | -12.88% | 31.42% | 6.24% | 31.04% | -4.27% | 7.84% |
Correlation
The correlation between SPY4.DE and URTH is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2012 | 0.53 |
The correlation between SPY4.DE and URTH has been stable across timeframes, ranging from 0.50 to 0.58 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. URTH — Risk / Return Rank
SPY4.DE
URTH
SPY4.DE vs. URTH - 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 World ETF (URTH). 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 | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.74 | +0.05 |
| Martin ratioReturn relative to average drawdown | 11.31 | 15.35 | -4.05 |
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 | URTH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.08 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.85 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.76 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.75 | -0.10 |
Drawdowns
SPY4.DE vs. URTH - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.72%, which is greater than URTH's maximum drawdown of -33.45%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and URTH.
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Drawdown Indicators
| SPY4.DE | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -33.45% | -9.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -6.56% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -20.94% | -8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -20.94% | -8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -33.45% | -9.27% |
Current DrawdownCurrent decline from peak | 0.00% | -0.11% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -4.11% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.59% | +0.44% |
Volatility
SPY4.DE vs. URTH - Volatility Comparison
SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) has a higher volatility of 3.51% compared to iShares MSCI World ETF (URTH) at 2.51%. This indicates that SPY4.DE's price experiences larger fluctuations and is considered to be riskier than URTH 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 | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.51% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 8.59% | +1.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 11.77% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 15.37% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 17.21% | +2.29% |
SPY4.DE vs. URTH - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is higher than URTH's 0.24% expense ratio.
Dividends
SPY4.DE vs. URTH - Dividend Comparison
SPY4.DE has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTH iShares MSCI World ETF | 1.34% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
SPY4.DE and URTH have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, URTH is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
URTH is cheaper with a 0.24% expense ratio, compared with 0.30% for SPY4.DE.
SPY4.DE is categorized as Mid Cap Blend Equities, while URTH is Global Equities. SPY4.DE tracks S&P MidCap 400, while URTH tracks MSCI World Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPY4.DE and 0.24% for URTH.
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