SPY5.DE vs. SP5.PA
SPY5.DE (SPDR S&P 500 UCITS ETF) and SP5.PA (Amundi S&P 500 UCITS ETF - Dist EUR) are both S&P 500 funds tracking the S&P 500 Index, from State Street and Amundi respectively. Both are passively managed. Over the past 10 years, SPY5.DE returned 15.13%/yr vs 15.18%/yr for SP5.PA. With a 0.97 correlation, they move nearly in lockstep. SPY5.DE charges 0.03%/yr vs 0.05%/yr for SP5.PA.
Performance
SPY5.DE vs. SP5.PA - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPY5.DE having a 11.39% return and SP5.PA slightly higher at 11.61%. Both investments have delivered pretty close results over the past 10 years, with SPY5.DE having a 15.13% annualized return and SP5.PA not far ahead at 15.18%.
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
SP5.PA
- 1D
- -0.13%
- 1M
- 5.23%
- YTD
- 11.61%
- 6M
- 11.49%
- 1Y
- 25.83%
- 3Y*
- 19.03%
- 5Y*
- 14.95%
- 10Y*
- 15.18%
SPY5.DE vs. SP5.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR | 11.61% | 4.06% | 34.08% | 22.28% | -13.91% | 40.50% | 7.97% | 33.38% | -0.25% | 7.00% |
Correlation
The correlation between SPY5.DE and SP5.PA is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | 0.97 |
The correlation between SPY5.DE and SP5.PA has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
SPY5.DE vs. SP5.PA — Risk / Return Rank
SPY5.DE
SP5.PA
SPY5.DE vs. SP5.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF (SPY5.DE) and Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA). 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 | SP5.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.60 | -0.03 |
| Martin ratioReturn relative to average drawdown | 12.77 | 12.87 | -0.10 |
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
| SPY5.DE | SP5.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.23 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.97 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | 0.93 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.92 | +0.05 |
Drawdowns
SPY5.DE vs. SP5.PA - Drawdown Comparison
The maximum SPY5.DE drawdown since its inception was -33.86%, roughly equal to the maximum SP5.PA drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for SPY5.DE and SP5.PA.
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Drawdown Indicators
| SPY5.DE | SP5.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.86% | -33.67% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -7.08% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -23.28% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -23.28% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.86% | -33.67% | -0.19% |
Current DrawdownCurrent decline from peak | -0.44% | -0.44% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -4.12% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.99% | +0.01% |
Volatility
SPY5.DE vs. SP5.PA - Volatility Comparison
SPDR S&P 500 UCITS ETF (SPY5.DE) and Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) have volatilities of 2.66% and 2.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY5.DE | SP5.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.64% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.54% | 7.52% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.51% | 11.42% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 15.18% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 16.07% | 0.00% |
SPY5.DE vs. SP5.PA - Expense Ratio Comparison
SPY5.DE has a 0.03% expense ratio, which is lower than SP5.PA's 0.05% 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%.
Dividends
SPY5.DE vs. SP5.PA - Dividend Comparison
SPY5.DE's dividend yield for the trailing twelve months is around 0.89%, which matches SP5.PA's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR | 0.89% | 1.00% | 1.20% | 1.05% | 2.12% | 1.09% | 1.55% | 1.64% | 1.93% | 1.76% | 1.89% | 2.03% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
With a correlation of 0.99, SPY5.DE and SP5.PA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.05% for SP5.PA.
Both ETFs track S&P 500 Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.03% for SPY5.DE and 0.05% for SP5.PA.
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