SPYH.DE vs. ^STOXX
Compare and contrast key facts about SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and STOXX Europe 600 Index (^STOXX).
SPYH.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Health Care 20/35 Capped. It was launched on Dec 5, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYH.DE or ^STOXX.
Key characteristics
| SPYH.DE | ^STOXX | |
|---|---|---|
| YTD Return | 8.47% | 4.85% |
| 1Y Return | 12.29% | 12.45% |
| 3Y Return (Ann) | 4.39% | 1.03% |
| 5Y Return (Ann) | 7.47% | 4.34% |
| 10Y Return (Ann) | 6.79% | 4.04% |
| Sharpe Ratio | 1.06 | 1.01 |
| Sortino Ratio | 1.52 | 1.40 |
| Omega Ratio | 1.19 | 1.18 |
| Calmar Ratio | 1.11 | 1.31 |
| Martin Ratio | 3.85 | 5.62 |
| Ulcer Index | 3.42% | 1.81% |
| Daily Std Dev | 12.36% | 10.19% |
| Max Drawdown | -25.71% | -61.04% |
| Current Drawdown | -11.87% | -4.90% |
Correlation
The correlation between SPYH.DE and ^STOXX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SPYH.DE vs. ^STOXX - Performance Comparison
In the year-to-date period, SPYH.DE achieves a 8.47% return, which is significantly higher than ^STOXX's 4.85% return. Over the past 10 years, SPYH.DE has outperformed ^STOXX with an annualized return of 6.79%, while ^STOXX has yielded a comparatively lower 4.04% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SPYH.DE vs. ^STOXX - Risk-Adjusted Performance 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.
Drawdowns
SPYH.DE vs. ^STOXX - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -25.71%, 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. For additional features, visit the drawdowns tool.
Volatility
SPYH.DE vs. ^STOXX - Volatility Comparison
The current volatility for SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) is 3.66%, while STOXX Europe 600 Index (^STOXX) has a volatility of 4.53%. This indicates that SPYH.DE experiences smaller price fluctuations and is considered to be less risky than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.