SPYF.DE vs. SPYM.DE
SPYF.DE (SPDR FTSE UK All Share UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SPYF.DE is a Europe Equities fund tracking the FTSE All-Share, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SPYF.DE returned 7.48%/yr vs 9.90%/yr for SPYM.DE. A 0.66 correlation means they provide meaningful diversification when combined. SPYF.DE charges 0.20%/yr vs 0.18%/yr for SPYM.DE.
Performance
SPYF.DE vs. SPYM.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 lower than SPYM.DE's 27.39% return. Over the past 10 years, SPYF.DE has underperformed SPYM.DE with an annualized return of 7.48%, while SPYM.DE has yielded a comparatively higher 9.90% 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%
SPYM.DE
- 1D
- -1.63%
- 1M
- 3.70%
- YTD
- 27.39%
- 6M
- 27.92%
- 1Y
- 48.95%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
SPYF.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between SPYF.DE and SPYM.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.66 |
The correlation between SPYF.DE and SPYM.DE shifts across timeframes, from 0.49 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYF.DE vs. SPYM.DE — Risk / Return Rank
SPYF.DE
SPYM.DE
SPYF.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.50 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 4.80 | -2.56 |
| Martin ratioReturn relative to average drawdown | 7.97 | 17.28 | -9.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYF.DE | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 2.79 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.50 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.54 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.34 | +0.12 |
Drawdowns
SPYF.DE vs. SPYM.DE - Drawdown Comparison
The maximum SPYF.DE drawdown since its inception was -41.53%, which is greater than SPYM.DE's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for SPYF.DE and SPYM.DE.
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Drawdown Indicators
| SPYF.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -36.28% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -7.60% | -10.38% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -17.17% | -18.96% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.17% | -23.86% | +6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -41.53% | -31.69% | -9.84% |
Current DrawdownCurrent decline from peak | -2.22% | -2.74% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -9.95% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.14% | 2.89% | -0.75% |
Volatility
SPYF.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR FTSE UK All Share UCITS ETF (SPYF.DE) is 4.30%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that SPYF.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 7.34% | -3.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.01% | 15.16% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.95% | 17.87% | -5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 16.78% | -2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.59% | 18.40% | -1.81% |
SPYF.DE vs. SPYM.DE - Expense Ratio Comparison
SPYF.DE has a 0.20% expense ratio, which is higher than SPYM.DE's 0.18% 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
SPYF.DE vs. SPYM.DE - Dividend Comparison
Neither SPYF.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYF.DE and SPYM.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SPYF.DE.
SPYF.DE is categorized as Europe Equities, while SPYM.DE is Emerging Markets Equities. SPYF.DE tracks FTSE All-Share, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.20% for SPYF.DE and 0.18% for SPYM.DE.
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