SPYI.DE vs. GERD.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) are both Global Equities funds - SPYI.DE tracks the MSCI All Country World Investable Market (ACWI IMI) while GERD.DE tracks the Solactive Gerd Kommer Multifactor Equity. Both are passively managed. Over the past year, SPYI.DE returned 27.79% vs 26.06% for GERD.DE. Their correlation of 0.86 suggests significant overlap in exposure. SPYI.DE charges 0.17%/yr vs 0.50%/yr for GERD.DE.
Performance
SPYI.DE vs. GERD.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 lower than GERD.DE's 14.41% return.
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%
GERD.DE
- 1D
- -0.18%
- 1M
- 5.63%
- YTD
- 14.41%
- 6M
- 15.59%
- 1Y
- 26.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYI.DE vs. GERD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 7.06% |
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc | 14.41% | 10.26% | 18.54% | 7.85% |
Correlation
The correlation between SPYI.DE and GERD.DE is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.86 |
The correlation between SPYI.DE and GERD.DE has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
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Return for Risk
SPYI.DE vs. GERD.DE — Risk / Return Rank
SPYI.DE
GERD.DE
SPYI.DE vs. GERD.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 L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.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 | GERD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.92 | +0.39 |
| Martin ratioReturn relative to average drawdown | 17.43 | 15.42 | +2.02 |
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 | GERD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.18 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.35 | -0.51 |
Drawdowns
SPYI.DE vs. GERD.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, which is greater than GERD.DE's maximum drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and GERD.DE.
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Drawdown Indicators
| SPYI.DE | GERD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -19.22% | -15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -6.61% | +0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.19% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -2.24% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.69% | -0.10% |
Volatility
SPYI.DE vs. GERD.DE - Volatility Comparison
SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) and L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) have volatilities of 3.11% and 3.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYI.DE | GERD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.18% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 8.49% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 11.92% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 12.95% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 12.95% | +2.23% |
SPYI.DE vs. GERD.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than GERD.DE's 0.50% expense ratio.
Dividends
SPYI.DE vs. GERD.DE - Dividend Comparison
Neither SPYI.DE nor GERD.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and GERD.DE have a correlation of 0.80, 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 0.50% for GERD.DE.
SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while GERD.DE tracks Solactive Gerd Kommer Multifactor Equity. They also come from different issuers: State Street and LGIM Managers (Europe) Limited. Their fees differ too: 0.17% for SPYI.DE and 0.50% for GERD.DE.
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