SPYA.DE vs. ASEA

Last updated Jun 5, 2026

SPYA.DE (SPDR MSCI EM Asia UCITS ETF) and ASEA (Global X FTSE Southeast Asia ETF) are both Asia Pacific Equities funds - SPYA.DE tracks the MSCI Emerging Markets Asia while ASEA tracks the FTSE/ASEAN 40 Index. Both are passively managed. Over the past 10 years, SPYA.DE returned 10.77%/yr vs 7.09%/yr for ASEA. At a 0.47 correlation, their price movements are largely independent. SPYA.DE charges 0.55%/yr vs 0.65%/yr for ASEA.

Performance

SPYA.DE vs. ASEA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI EM Asia UCITS ETF (SPYA.DE) and Global X FTSE Southeast Asia ETF (ASEA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPYA.DE is traded in EUR, while ASEA is traded in USD. To make them comparable, the ASEA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPYA.DE achieves a 32.76% return, which is significantly higher than ASEA's 10.47% return. Over the past 10 years, SPYA.DE has outperformed ASEA with an annualized return of 10.77%, while ASEA has yielded a comparatively lower 7.09% annualized return.

SPYA.DE

• 1D: -1.79%
• 1M: 7.19%
• YTD: 32.76%
• 6M: 34.22%
• 1Y: 53.92%
• 3Y*: 22.22%
• 5Y*: 8.39%
• 10Y*: 10.77%

ASEA

• 1D: -0.39%
• 1M: 3.04%
• YTD: 10.47%
• 6M: 12.83%
• 1Y: 23.01%
• 3Y*: 11.58%
• 5Y*: 10.66%
• 10Y*: 7.09%

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

SPYA.DE vs. ASEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYA.DE SPDR MSCI EM Asia UCITS ETF	32.76%	17.77%	17.39%	3.14%	-16.02%	1.17%	15.21%	21.30%	-11.35%	25.30%
ASEA Global X FTSE Southeast Asia ETF	10.47%	5.59%	17.06%	1.74%	11.76%	12.49%	-15.47%	10.79%	-3.24%	18.46%

Correlation

The correlation between SPYA.DE and ASEA is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 23, 2011	0.47

Return for Risk

SPYA.DE vs. ASEA — Risk / Return Rank

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

SPYA.DE

SPYA.DE Risk / Return Rank: 85
SPYA.DE Sharpe Ratio Rank: 87
SPYA.DE Sortino Ratio Rank: 83
SPYA.DE Omega Ratio Rank: 83
SPYA.DE Calmar Ratio Rank: 87
SPYA.DE Martin Ratio Rank: 84

ASEA

ASEA Risk / Return Rank: 55
ASEA Sharpe Ratio Rank: 54
ASEA Sortino Ratio Rank: 57
ASEA Omega Ratio Rank: 53
ASEA Calmar Ratio Rank: 62
ASEA Martin Ratio Rank: 51

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.

SPYA.DE vs. ASEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EM Asia UCITS ETF (SPYA.DE) and Global X FTSE Southeast Asia ETF (ASEA). 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.

	SPYA.DE	ASEA	Difference
Sharpe ratio: Return per unit of total volatility	2.80	1.80	+1.01
Sortino ratio: Return per unit of downside risk	3.64	2.61	+1.02
Omega ratio: Gain probability vs. loss probability	1.49	1.31	+0.18
Calmar ratio: Return relative to maximum drawdown	4.82	3.65	+1.17
Martin ratio: Return relative to average drawdown	16.86	9.56	+7.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYA.DE vs. ASEA - Sharpe Ratio Comparison

The current SPYA.DE Sharpe Ratio is 2.80, which is higher than the ASEA Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of SPYA.DE and ASEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYA.DE	ASEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.80	1.80	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.80	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.42	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.34	+0.11

Drawdowns

SPYA.DE vs. ASEA - Drawdown Comparison

The maximum SPYA.DE drawdown since its inception was -35.34%, smaller than the maximum ASEA drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for SPYA.DE and ASEA.

Drawdown Indicators

	SPYA.DE	ASEA	Difference
Max Drawdown Largest peak-to-trough decline	-35.34%	-39.65%	+4.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-6.33%	-4.80%
Max Drawdown (3Y) Largest decline over 3 years	-21.39%	-21.08%	-0.31%
Max Drawdown (5Y) Largest decline over 5 years	-29.31%	-21.08%	-8.23%
Max Drawdown (10Y) Largest decline over 10 years	-33.85%	-39.65%	+5.80%
Current Drawdown Current decline from peak	-2.98%	-1.41%	-1.57%
Average Drawdown Average peak-to-trough decline	-10.94%	-8.55%	-2.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.41%	+0.78%

Volatility

SPYA.DE vs. ASEA - Volatility Comparison

SPDR MSCI EM Asia UCITS ETF (SPYA.DE) has a higher volatility of 8.10% compared to Global X FTSE Southeast Asia ETF (ASEA) at 3.05%. This indicates that SPYA.DE's price experiences larger fluctuations and is considered to be riskier than ASEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYA.DE	ASEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	3.05%	+5.05%
Volatility (6M) Calculated over the trailing 6-month period	16.09%	9.88%	+6.21%
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	12.86%	+6.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.38%	13.31%	+5.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.19%	16.98%	+2.21%

SPYA.DE vs. ASEA - Expense Ratio Comparison

SPYA.DE has a 0.55% expense ratio, which is lower than ASEA's 0.65% expense ratio.

Dividends

SPYA.DE vs. ASEA - Dividend Comparison

SPYA.DE has not paid dividends to shareholders, while ASEA's dividend yield for the trailing twelve months is around 3.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.62%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
SPYA.DE SPDR MSCI EM Asia 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%

Frequently Asked Questions

Can I hold both SPYA.DE and ASEA in my portfolio?

SPYA.DE and ASEA have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYA.DE or ASEA?

On fees, SPYA.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYA.DE or ASEA?

SPYA.DE is cheaper with a 0.55% expense ratio, compared with 0.65% for ASEA.

What is the main difference between SPYA.DE and ASEA?

SPYA.DE tracks MSCI Emerging Markets Asia, while ASEA tracks FTSE/ASEAN 40 Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.55% for SPYA.DE and 0.65% for ASEA.