SPYH.DE vs. SPYY.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPYH.DE is a Health & Biotech Equities fund tracking the MSCI Europe Health Care 20/35 Capped, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 12.40%/yr for SPYY.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPYH.DE charges 0.18%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPYH.DE vs. SPYY.DE - 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 SPYY.DE's 12.54% return. Over the past 10 years, SPYH.DE has underperformed SPYY.DE with an annualized return of 6.16%, while SPYY.DE has yielded a comparatively higher 12.40% annualized return.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
SPYY.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.54%
- 6M
- 12.75%
- 1Y
- 26.58%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPYH.DE vs. SPYY.DE - 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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPYH.DE and SPYY.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.57 |
Over the past year, the correlation between SPYH.DE and SPYY.DE has dropped to 0.35 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
SPYH.DE vs. SPYY.DE — Risk / Return Rank
SPYH.DE
SPYY.DE
SPYH.DE vs. SPYY.DE - 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 SPDR MSCI ACWI UCITS ETF (SPYY.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.
| SPYH.DE | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.44 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 4.10 | -3.60 |
| Martin ratioReturn relative to average drawdown | 1.10 | 16.60 | -15.50 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 2.32 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.88 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.82 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.83 | -0.40 |
Drawdowns
SPYH.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum SPYY.DE drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and SPYY.DE.
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Drawdown Indicators
| SPYH.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -33.49% | +6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -6.49% | -6.09% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -21.27% | -5.35% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -21.27% | -5.35% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -33.49% | +6.87% |
Current DrawdownCurrent decline from peak | -10.72% | -0.61% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -4.39% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 1.61% | +4.12% |
Volatility
SPYH.DE vs. SPYY.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to SPDR MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.DE 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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 3.05% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 8.21% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 11.47% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 13.90% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 15.07% | +0.75% |
SPYH.DE vs. SPYY.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPYH.DE vs. SPYY.DE - Dividend Comparison
Neither SPYH.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYH.DE and SPYY.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for SPYY.DE.
SPYH.DE is categorized as Health & Biotech Equities, while SPYY.DE is Global Equities. SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.18% for SPYH.DE and 0.40% for SPYY.DE.
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