SPYE.DE vs. SXRY.DE
SPYE.DE (SPDR MSCI Europe UCITS ETF) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - SPYE.DE tracks the MSCI Europe while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, SPYE.DE returned 10.12%/yr vs 16.60%/yr for SXRY.DE. A 0.80 correlation means they provide meaningful diversification when combined. SPYE.DE charges 0.25%/yr vs 0.33%/yr for SXRY.DE.
Performance
SPYE.DE vs. SXRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYE.DE achieves a 9.96% return, which is significantly lower than SXRY.DE's 17.22% return. Over the past 10 years, SPYE.DE has underperformed SXRY.DE with an annualized return of 10.12%, while SXRY.DE has yielded a comparatively higher 16.60% annualized return.
SPYE.DE
- 1D
- -0.66%
- 1M
- 1.77%
- YTD
- 9.96%
- 6M
- 10.79%
- 1Y
- 21.80%
- 3Y*
- 14.98%
- 5Y*
- 10.01%
- 10Y*
- 10.12%
SXRY.DE
- 1D
- -0.85%
- 1M
- 3.87%
- YTD
- 17.22%
- 6M
- 18.03%
- 1Y
- 36.08%
- 3Y*
- 29.01%
- 5Y*
- 20.33%
- 10Y*
- 16.60%
SPYE.DE vs. SXRY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYE.DE SPDR MSCI Europe UCITS ETF | 9.96% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | -3.25% | 27.31% | -10.83% | 10.49% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 17.22% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between SPYE.DE and SXRY.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.80 |
The correlation between SPYE.DE and SXRY.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
SPYE.DE vs. SXRY.DE — Risk / Return Rank
SPYE.DE
SXRY.DE
SPYE.DE vs. SXRY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (SPYE.DE) and iShares FTSE MIB UCITS ETF (Acc) (SXRY.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.
| SPYE.DE | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.71 | -1.41 |
| Martin ratioReturn relative to average drawdown | 8.65 | 13.73 | -5.08 |
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Drawdowns
SPYE.DE vs. SXRY.DE - Drawdown Comparison
The maximum SPYE.DE drawdown since its inception was -35.54%, smaller than the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for SPYE.DE and SXRY.DE.
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Drawdown Indicators
| SPYE.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -43.59% | +8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.45% | -9.69% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -17.61% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -25.00% | +5.47% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -40.81% | +5.27% |
Current DrawdownCurrent decline from peak | -0.66% | -2.82% | +2.16% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -11.60% | +6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.62% | -0.11% |
Volatility
SPYE.DE vs. SXRY.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe UCITS ETF (SPYE.DE) is 2.86%, while iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a volatility of 4.01%. This indicates that SPYE.DE experiences smaller price fluctuations and is considered to be less risky than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 4.01% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 12.81% | -2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 15.91% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 18.29% | -3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.38% | 19.60% | -4.22% |
SPYE.DE vs. SXRY.DE - Expense Ratio Comparison
SPYE.DE has a 0.25% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
SPYE.DE vs. SXRY.DE - Dividend Comparison
Neither SPYE.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYE.DE and SXRY.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYE.DE is cheaper with a 0.25% expense ratio, compared with 0.33% for SXRY.DE.
SPYE.DE tracks MSCI Europe, while SXRY.DE tracks FTSE MIB. They also come from different issuers: State Street and iShares. Their fees differ too: 0.25% for SPYE.DE and 0.33% for SXRY.DE.
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