SPYH.DE vs. ^STOXX
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) is Health & Biotech Equities fund tracking the MSCI Europe Health Care 20/35 Capped, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 6.19%/yr for ^STOXX. A 0.70 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 -1.97% return, which is significantly lower than ^STOXX's 5.45% return. Both investments have delivered pretty close results over the past 10 years, with SPYH.DE having a 6.16% annualized return and ^STOXX not far ahead at 6.19%.
SPYH.DE
- 1D
- 3.34%
- 1M
- 1.68%
- YTD
- -1.97%
- 6M
- -0.27%
- 1Y
- 6.32%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
^STOXX
- 1D
- 0.52%
- 1M
- 2.42%
- YTD
- 5.45%
- 6M
- 7.88%
- 1Y
- 13.33%
- 3Y*
- 10.73%
- 5Y*
- 6.65%
- 10Y*
- 6.19%
SPYH.DE vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
^STOXX STOXX Europe 600 Index | 5.45% | 16.66% | 5.98% | 12.73% | -12.90% | 22.25% | -4.04% | 23.16% | -13.24% | 7.68% |
Correlation
The correlation between SPYH.DE and ^STOXX is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.70 |
The correlation between SPYH.DE and ^STOXX has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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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 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.
| SPYH.DE | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.20 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.37 | -0.87 |
| Martin ratioReturn relative to average drawdown | 1.10 | 4.91 | -3.81 |
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
| SPYH.DE | ^STOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.07 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.47 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.40 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.31 | +0.12 |
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 -61.04%. 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% | -61.04% | +34.42% |
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 | -10.72% | -1.48% | -9.24% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -16.77% | +8.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 2.67% | +3.06% |
Volatility
SPYH.DE vs. ^STOXX - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to STOXX Europe 600 Index (^STOXX) at 3.63%. 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 | 6.01% | 3.63% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 10.21% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 12.22% | +4.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 13.98% | +1.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 15.31% | +0.51% |
Frequently Asked Questions
SPYH.DE and ^STOXX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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