SPY5.DE vs. SPY2.DE

Last updated Jul 4, 2026

SPY5.DE (SPDR S&P 500 UCITS ETF) and SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) are both exchange-traded funds - SPY5.DE is a S&P 500 fund tracking the S&P 500 Index, while SPY2.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 5 years, SPY5.DE returned 13.70%/yr vs 3.06%/yr for SPY2.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPY5.DE charges 0.03%/yr vs 0.40%/yr for SPY2.DE.

Performance

SPY5.DE vs. SPY2.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 SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.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 12.25% return, which is significantly lower than SPY2.DE's 15.55% return.

SPY5.DE

• 1D: 0.23%
• 1M: 0.64%
• 6M: 13.05%
• YTD: 12.25%
• 1Y: 24.10%
• 3Y*: 18.38%
• 5Y*: 13.70%
• 10Y*: 14.69%

SPY2.DE

• 1D: 0.39%
• 1M: 6.74%
• 6M: 16.27%
• YTD: 15.55%
• 1Y: 19.79%
• 3Y*: 7.93%
• 5Y*: 3.06%
• 10Y*: —

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

SPY5.DE vs. SPY2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPY5.DE SPDR S&P 500 UCITS ETF	12.25%	4.75%	32.36%	22.42%	-14.24%	40.60%	6.73%	6.97%
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating	15.55%	-2.41%	5.13%	7.63%	-20.97%	41.64%	-18.77%	-11.30%

Correlation

The correlation between SPY5.DE and SPY2.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 16, 2019	0.58

Over the past year, the correlation between SPY5.DE and SPY2.DE has dropped to 0.32 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

SPY5.DE vs. SPY2.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: 77
SPY5.DE Sharpe Ratio Rank: 78
SPY5.DE Sortino Ratio Rank: 76
SPY5.DE Omega Ratio Rank: 76
SPY5.DE Calmar Ratio Rank: 79
SPY5.DE Martin Ratio Rank: 77

SPY2.DE

SPY2.DE Risk / Return Rank: 65
SPY2.DE Sharpe Ratio Rank: 64
SPY2.DE Sortino Ratio Rank: 64
SPY2.DE Omega Ratio Rank: 62
SPY2.DE Calmar Ratio Rank: 70
SPY2.DE Martin Ratio Rank: 65

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. SPY2.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 SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPY5.DE	SPY2.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.74	+0.29
Sortino ratio: Return per unit of downside risk	2.79	2.45	+0.34
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	3.36	2.89	+0.47
Martin ratio: Return relative to average drawdown	11.87	9.66	+2.21

SPY5.DE vs. SPY2.DE - Sharpe Ratio Comparison

The current SPY5.DE Sharpe Ratio is 2.03, which is comparable to the SPY2.DE Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of SPY5.DE and SPY2.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPY5.DE vs. SPY2.DE - Drawdown Comparison

The maximum SPY5.DE drawdown since its inception was -33.86%, smaller than the maximum SPY2.DE drawdown of -45.15%. Use the drawdown chart below to compare losses from any high point for SPY5.DE and SPY2.DE.

Drawdown Indicators

	SPY5.DE	SPY2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.86%	-45.15%	+11.29%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-6.82%	-0.33%
Max Drawdown (3Y) Largest decline over 3 years	-23.34%	-20.16%	-3.18%
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	-30.75%	+7.41%
Max Drawdown (10Y) Largest decline over 10 years	-33.86%	—	—
Current Drawdown Current decline from peak	-0.62%	-1.58%	+0.96%
Average Drawdown Average peak-to-trough decline	-3.91%	-16.70%	+12.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	2.04%	-0.01%

Volatility

SPY5.DE vs. SPY2.DE - Volatility Comparison

SPDR S&P 500 UCITS ETF (SPY5.DE) and SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) have volatilities of 3.64% and 3.62%, 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.

Volatility by Period

	SPY5.DE	SPY2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	3.62%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.02%	8.85%	-0.83%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	11.37%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.23%	15.09%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	20.16%	-4.09%

SPY5.DE vs. SPY2.DE - Expense Ratio Comparison

SPY5.DE has a 0.03% expense ratio, which is lower than SPY2.DE's 0.40% expense ratio.

Dividends

SPY5.DE vs. SPY2.DE - Dividend Comparison

SPY5.DE's dividend yield for the trailing twelve months is around 0.90%, while SPY2.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY5.DE SPDR S&P 500 UCITS ETF	0.90%	0.99%	1.03%	1.22%	1.42%	0.95%	1.37%	1.43%	0.80%	1.21%	1.57%	1.69%

Frequently Asked Questions

Can I hold both SPY5.DE and SPY2.DE in my portfolio?

SPY5.DE and SPY2.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPY5.DE or SPY2.DE?

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.

Which ETF is cheaper, SPY5.DE or SPY2.DE?

SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.40% for SPY2.DE.

What is the main difference between SPY5.DE and SPY2.DE?

SPY5.DE is categorized as S&P 500, while SPY2.DE is REIT. SPY5.DE tracks S&P 500 Index, while SPY2.DE tracks Dow Jones Global Select Real Estate Securities. Their fees differ too: 0.03% for SPY5.DE and 0.40% for SPY2.DE.