SPYF.DE vs. EUN0.DE
SPYF.DE (SPDR FTSE UK All Share UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - SPYF.DE tracks the FTSE All-Share while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, SPYF.DE returned 7.48%/yr vs 6.66%/yr for EUN0.DE. Their correlation of 0.82 suggests significant overlap in exposure. SPYF.DE charges 0.20%/yr vs 0.25%/yr for EUN0.DE.
Performance
SPYF.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYF.DE achieves a 6.71% return, which is significantly higher than EUN0.DE's 5.60% return. Over the past 10 years, SPYF.DE has outperformed EUN0.DE with an annualized return of 7.48%, while EUN0.DE has yielded a comparatively lower 6.66% annualized return.
SPYF.DE
- 1D
- 0.16%
- 1M
- -0.06%
- YTD
- 6.71%
- 6M
- 9.71%
- 1Y
- 17.02%
- 3Y*
- 13.97%
- 5Y*
- 10.06%
- 10Y*
- 7.48%
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
SPYF.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYF.DE SPDR FTSE UK All Share UCITS ETF | 6.71% | 17.92% | 13.59% | 10.43% | -5.65% | 24.46% | -14.12% | 27.89% | -11.60% | 9.17% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between SPYF.DE and EUN0.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.82 |
The correlation between SPYF.DE and EUN0.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
SPYF.DE vs. EUN0.DE — Risk / Return Rank
SPYF.DE
EUN0.DE
SPYF.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (SPYF.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| SPYF.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.11 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 0.76 | +1.48 |
| Martin ratioReturn relative to average drawdown | 7.97 | 1.97 | +5.99 |
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
| SPYF.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.62 | +0.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.66 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.53 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.63 | -0.18 |
Drawdowns
SPYF.DE vs. EUN0.DE - Drawdown Comparison
The maximum SPYF.DE drawdown since its inception was -41.53%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for SPYF.DE and EUN0.DE.
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Drawdown Indicators
| SPYF.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -30.68% | -10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -7.16% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -10.73% | -6.44% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -19.64% | +2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -41.53% | -30.68% | -10.85% |
Current DrawdownCurrent decline from peak | -2.22% | -3.12% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -4.69% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.76% | -0.62% |
Volatility
SPYF.DE vs. EUN0.DE - Volatility Comparison
SPDR FTSE UK All Share UCITS ETF (SPYF.DE) has a higher volatility of 4.30% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that SPYF.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYF.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 3.03% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 7.20% | +2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 8.77% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 11.02% | +2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 12.51% | +4.08% |
SPYF.DE vs. EUN0.DE - Expense Ratio Comparison
SPYF.DE has a 0.20% expense ratio, which is lower than EUN0.DE's 0.25% 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
SPYF.DE vs. EUN0.DE - Dividend Comparison
Neither SPYF.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYF.DE and EUN0.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYF.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYF.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for EUN0.DE.
SPYF.DE tracks FTSE All-Share, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SPYF.DE and 0.25% for EUN0.DE.
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