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 | 17.25% | 7.43% |
| 1Y Return | 15.78% | 12.72% |
| 3Y Return (Ann) | 9.42% | 3.59% |
| 5Y Return (Ann) | 9.85% | 5.44% |
| 10Y Return (Ann) | 7.33% | 3.90% |
| Sharpe Ratio | 1.29 | 1.41 |
| Daily Std Dev | 12.98% | 10.17% |
| Max Drawdown | -25.71% | -61.04% |
| Current Drawdown | -4.74% | -1.99% |
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 17.25% return, which is significantly higher than ^STOXX's 7.43% return. Over the past 10 years, SPYH.DE has outperformed ^STOXX with an annualized return of 7.33%, while ^STOXX has yielded a comparatively lower 3.90% 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 2.65%, while STOXX Europe 600 Index (^STOXX) has a volatility of 3.11%. 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.