SPYH.DE vs. ^STOXX
SPYH.DE (State Street SPDR MSCI Europe Health Care UCITS ETF) is Health & Biotech Equities fund tracking the MSCI Europe Health Care 35/20 Capped Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, SPYH.DE returned 7.26%/yr vs 7.03%/yr for ^STOXX. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
SPYH.DE vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, SPYH.DE achieves a 3.28% return, which is significantly lower than ^STOXX's 7.15% return. Both investments have delivered pretty close results over the past 10 years, with SPYH.DE having a 7.26% annualized return and ^STOXX not far behind at 7.03%.
SPYH.DE
- 1D
- 1.55%
- 1M
- 4.04%
- YTD
- 3.28%
- 6M
- 3.42%
- 1Y
- 16.39%
- 3Y*
- 5.66%
- 5Y*
- 5.89%
- 10Y*
- 7.26%
^STOXX
- 1D
- 0.08%
- 1M
- 1.14%
- YTD
- 7.15%
- 6M
- 7.89%
- 1Y
- 18.28%
- 3Y*
- 11.91%
- 5Y*
- 6.78%
- 10Y*
- 7.03%
SPYH.DE vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE State Street SPDR MSCI Europe Health Care UCITS ETF | 3.28% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
^STOXX STOXX Europe 600 Index | 7.15% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -13.61% | 7.68% |
Correlation
The correlation between SPYH.DE and ^STOXX is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.68 |
The correlation between SPYH.DE and ^STOXX shifts across timeframes, from 0.54 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYH.DE vs. ^STOXX — Risk / Return Rank
SPYH.DE
^STOXX
SPYH.DE vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and STOXX Europe 600 Index (^STOXX). 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.
| SPYH.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.85 | -0.55 |
| Martin ratioReturn relative to average drawdown | 2.95 | 6.73 | -3.78 |
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Drawdowns
SPYH.DE vs. ^STOXX - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and ^STOXX.
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Drawdown Indicators
| SPYH.DE | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -60.54% | +33.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -9.56% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -16.56% | -10.06% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -22.55% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -35.55% | +8.93% |
Current DrawdownCurrent decline from peak | -5.94% | -0.65% | -5.29% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -14.59% | +6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.54% | 2.61% | +2.93% |
Volatility
SPYH.DE vs. ^STOXX - Volatility Comparison
State Street SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.37% compared to STOXX Europe 600 Index (^STOXX) at 2.80%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYH.DE | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 2.80% | +3.57% |
Volatility (6M)Calculated over the trailing 6-month period | 12.59% | 10.28% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 12.23% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.82% | 14.20% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 15.27% | +0.56% |
Frequently Asked Questions
SPYH.DE and ^STOXX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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