SPYI.DE vs. BBCK.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) are both Global Equities funds - SPYI.DE tracks the MSCI All Country World Investable Market (ACWI IMI) while BBCK.DE tracks the Nasdaq Global Buyback Achievers. Both are passively managed. Over the past 10 years, SPYI.DE returned 12.12%/yr vs 11.96%/yr for BBCK.DE. A 0.63 correlation means they provide meaningful diversification when combined. SPYI.DE charges 0.17%/yr vs 0.39%/yr for BBCK.DE.
Performance
SPYI.DE vs. BBCK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI.DE achieves a 13.27% return, which is significantly higher than BBCK.DE's 7.16% return. Both investments have delivered pretty close results over the past 10 years, with SPYI.DE having a 12.12% annualized return and BBCK.DE not far behind at 11.96%.
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
BBCK.DE
- 1D
- 0.98%
- 1M
- 1.42%
- YTD
- 7.16%
- 6M
- 8.41%
- 1Y
- 21.98%
- 3Y*
- 18.50%
- 5Y*
- 10.80%
- 10Y*
- 11.96%
SPYI.DE vs. BBCK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 7.16% | 16.70% | 19.10% | 11.74% | -6.44% | 30.65% | 1.65% | 35.47% | -11.63% | 5.86% |
Correlation
The correlation between SPYI.DE and BBCK.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2014 | 0.63 |
The correlation between SPYI.DE and BBCK.DE shifts across timeframes, from 0.63 (all time) to 0.78 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYI.DE vs. BBCK.DE — Risk / Return Rank
SPYI.DE
BBCK.DE
SPYI.DE vs. BBCK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) and Invesco Global Buyback Achievers UCITS ETF (BBCK.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.
| SPYI.DE | BBCK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 4.97 | -0.65 |
| Martin ratioReturn relative to average drawdown | 17.43 | 14.50 | +2.94 |
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
| SPYI.DE | BBCK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 1.88 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.75 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.91 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.86 | -0.02 |
Drawdowns
SPYI.DE vs. BBCK.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, roughly equal to the maximum BBCK.DE drawdown of -33.23%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and BBCK.DE.
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Drawdown Indicators
| SPYI.DE | BBCK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -33.23% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -4.40% | -2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -21.54% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -21.54% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | -33.23% | -1.37% |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -4.61% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.51% | +0.08% |
Volatility
SPYI.DE vs. BBCK.DE - Volatility Comparison
SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a higher volatility of 3.11% compared to Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) at 2.79%. This indicates that SPYI.DE's price experiences larger fluctuations and is considered to be riskier than BBCK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYI.DE | BBCK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.79% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 7.81% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 11.63% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 15.39% | -1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 18.85% | -3.67% |
SPYI.DE vs. BBCK.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than BBCK.DE's 0.39% expense ratio.
Dividends
SPYI.DE vs. BBCK.DE - Dividend Comparison
SPYI.DE has not paid dividends to shareholders, while BBCK.DE's dividend yield for the trailing twelve months is around 1.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.88% | 1.79% | 1.75% | 1.97% | 1.18% | 1.61% | 1.84% | 1.35% | 1.18% | 1.63% | 1.28% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYI.DE and BBCK.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.39% for BBCK.DE.
SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while BBCK.DE tracks Nasdaq Global Buyback Achievers. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.17% for SPYI.DE and 0.39% for BBCK.DE.
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