SPYE.DE vs. SPY5.DE
SPYE.DE (SPDR MSCI Europe UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - SPYE.DE is a Europe Equities fund tracking the MSCI Europe, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SPYE.DE returned 9.09%/yr vs 15.13%/yr for SPY5.DE. A 0.73 correlation means they provide meaningful diversification when combined. SPYE.DE charges 0.25%/yr vs 0.03%/yr for SPY5.DE.
Performance
SPYE.DE vs. SPY5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYE.DE achieves a 7.68% return, which is significantly lower than SPY5.DE's 11.39% return. Over the past 10 years, SPYE.DE has underperformed SPY5.DE with an annualized return of 9.09%, while SPY5.DE has yielded a comparatively higher 15.13% annualized return.
SPYE.DE
- 1D
- 0.62%
- 1M
- 1.21%
- YTD
- 7.68%
- 6M
- 10.03%
- 1Y
- 16.22%
- 3Y*
- 13.73%
- 5Y*
- 9.86%
- 10Y*
- 9.09%
SPY5.DE
- 1D
- -0.13%
- 1M
- 4.37%
- YTD
- 11.39%
- 6M
- 10.88%
- 1Y
- 25.57%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
SPYE.DE vs. SPY5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYE.DE SPDR MSCI Europe UCITS ETF | 7.68% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | -3.25% | 27.31% | -10.83% | 10.49% |
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% |
Correlation
The correlation between SPYE.DE and SPY5.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.73 |
The correlation between SPYE.DE and SPY5.DE shifts across timeframes, from 0.56 (3 years) to 0.73 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYE.DE vs. SPY5.DE — Risk / Return Rank
SPYE.DE
SPY5.DE
SPYE.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (SPYE.DE) and SPDR S&P 500 UCITS ETF (SPY5.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.
| SPYE.DE | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.57 | -1.83 |
| Martin ratioReturn relative to average drawdown | 6.36 | 12.77 | -6.41 |
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
| SPYE.DE | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.22 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.96 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.93 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.97 | -0.45 |
Drawdowns
SPYE.DE vs. SPY5.DE - Drawdown Comparison
The maximum SPYE.DE drawdown since its inception was -35.54%, roughly equal to the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for SPYE.DE and SPY5.DE.
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Drawdown Indicators
| SPYE.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -33.86% | -1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.45% | -7.15% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -23.34% | +6.69% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -23.34% | +3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -33.86% | -1.68% |
Current DrawdownCurrent decline from peak | -1.47% | -0.44% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -3.95% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.00% | +0.59% |
Volatility
SPYE.DE vs. SPY5.DE - Volatility Comparison
SPDR MSCI Europe UCITS ETF (SPYE.DE) has a higher volatility of 4.24% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 2.66%. This indicates that SPYE.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYE.DE | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 2.66% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 7.54% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 11.51% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 15.18% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 16.07% | -0.36% |
SPYE.DE vs. SPY5.DE - Expense Ratio Comparison
SPYE.DE has a 0.25% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYE.DE vs. SPY5.DE - Dividend Comparison
SPYE.DE has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYE.DE SPDR MSCI Europe 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
SPYE.DE and SPY5.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for SPYE.DE.
SPYE.DE is categorized as Europe Equities, while SPY5.DE is S&P 500. SPYE.DE tracks MSCI Europe, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.25% for SPYE.DE and 0.03% for SPY5.DE.
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