SPY5.DE vs. EFRW.DE

Last updated Apr 4, 2026

Compare and contrast key facts about SPDR S&P 500 UCITS ETF (SPY5.DE) and iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.DE).

SPY5.DE and EFRW.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPY5.DE is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Mar 19, 2012. EFRW.DE is a passively managed fund by iShares that tracks the performance of the S&P 500 Equal Weight Index. It was launched on May 8, 2025. Both SPY5.DE and EFRW.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPY5.DE vs. EFRW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P 500 UCITS ETF (SPY5.DE) and iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPY5.DE achieves a -2.81% return, which is significantly lower than EFRW.DE's -0.46% return.

SPY5.DE

• 1D: 0.19%
• 1M: -3.31%
• YTD: -2.81%
• 6M: -0.36%
• 1Y: 22.19%
• 3Y*: 16.02%
• 5Y*: 12.15%
• 10Y*: 13.84%

EFRW.DE

• 1D: -0.11%
• 1M: -3.68%
• YTD: -0.46%
• 6M: 0.30%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPY5.DE vs. EFRW.DE - Yearly Performance Comparison

	2026 (YTD)	2025
SPY5.DE SPDR S&P 500 UCITS ETF	-2.81%	13.07%
EFRW.DE iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc	-0.46%	9.95%

Correlation

The correlation between SPY5.DE and EFRW.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

SPY5.DE vs. EFRW.DE - Expense Ratio Comparison

SPY5.DE has a 0.03% expense ratio, which is lower than EFRW.DE's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

EFRW.DE

iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc

SPY5.DE

SPDR S&P 500 UCITS ETF

Return for Risk

SPY5.DE vs. EFRW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPY5.DE

SPY5.DE Risk / Return Rank: 44
SPY5.DE Sharpe Ratio Rank: 30
SPY5.DE Sortino Ratio Rank: 28
SPY5.DE Omega Ratio Rank: 30
SPY5.DE Calmar Ratio Rank: 71
SPY5.DE Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPY5.DE vs. EFRW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF (SPY5.DE) and iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.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.

	SPY5.DE	EFRW.DE	Difference
Sharpe ratio Return per unit of total volatility	0.61	—	—
Sortino ratio Return per unit of downside risk	0.92	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	2.34	—	—
Martin ratio Return relative to average drawdown	7.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SPY5.DE	EFRW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.61	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.92	-0.01

Drawdowns

SPY5.DE vs. EFRW.DE - Drawdown Comparison

The maximum SPY5.DE drawdown since its inception was -33.86%, which is greater than EFRW.DE's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for SPY5.DE and EFRW.DE.

Drawdown Indicators

	SPY5.DE	EFRW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.86%	-7.12%	-26.74%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.86%	—	—
Current Drawdown Current decline from peak	-5.01%	-5.45%	+0.44%
Average Drawdown Average peak-to-trough decline	-3.99%	-1.38%	-2.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	—	—

Volatility

Volatility by Period

	SPY5.DE	EFRW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	11.38%	+5.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	11.38%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	11.38%	+4.74%

Dividends

SPY5.DE vs. EFRW.DE - Dividend Comparison

SPY5.DE's dividend yield for the trailing twelve months is around 1.02%, while EFRW.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY5.DE SPDR S&P 500 UCITS ETF	1.02%	0.99%	1.03%	1.22%	1.42%	0.95%	1.37%	1.74%	3.30%	1.59%	1.57%	1.69%
EFRW.DE iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%