SPYI.DE vs. SPPU.DE

Last updated Jun 27, 2026

SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) are both exchange-traded funds - SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI), while SPPU.DE is a Corporate Bonds fund tracking the Bloomberg SASB US Corporate ESG Ex-Controversies Select. Both are passively managed. Over the past 5 years, SPYI.DE returned 11.46%/yr vs 1.27%/yr for SPPU.DE. At a 0.18 correlation, their price movements are largely independent. SPYI.DE charges 0.17%/yr vs 0.15%/yr for SPPU.DE.

Performance

SPYI.DE vs. SPPU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) and SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYI.DE achieves a 13.23% return, which is significantly higher than SPPU.DE's 4.39% return.

SPYI.DE

• 1D: -0.35%
• 1M: 1.07%
• YTD: 13.23%
• 6M: 13.80%
• 1Y: 27.97%
• 3Y*: 17.87%
• 5Y*: 11.46%
• 10Y*: 12.37%

SPPU.DE

• 1D: 0.00%
• 1M: 2.98%
• YTD: 4.39%
• 6M: 4.86%
• 1Y: 8.33%
• 3Y*: 3.88%
• 5Y*: 1.27%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYI.DE vs. SPPU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF	13.23%	9.07%	22.98%	17.54%	-12.93%	27.77%	6.36%
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	4.39%	-4.22%	7.66%	4.50%	-10.58%	6.82%	-2.83%

Correlation

The correlation between SPYI.DE and SPPU.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (All Time) Calculated using the full available price history since Nov 6, 2020	0.18

The correlation between SPYI.DE and SPPU.DE shifts across timeframes, from 0.18 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SPYI.DE vs. SPPU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYI.DE

SPYI.DE Risk / Return Rank: 86
SPYI.DE Sharpe Ratio Rank: 84
SPYI.DE Sortino Ratio Rank: 84
SPYI.DE Omega Ratio Rank: 84
SPYI.DE Calmar Ratio Rank: 86
SPYI.DE Martin Ratio Rank: 89

SPPU.DE

SPPU.DE Risk / Return Rank: 50
SPPU.DE Sharpe Ratio Rank: 47
SPPU.DE Sortino Ratio Rank: 51
SPPU.DE Omega Ratio Rank: 48
SPPU.DE Calmar Ratio Rank: 60
SPPU.DE Martin Ratio Rank: 46

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYI.DE vs. SPPU.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 SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SPYI.DE	SPPU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	1.45	+0.92
Sortino ratio: Return per unit of downside risk	3.29	2.17	+1.12
Omega ratio: Gain probability vs. loss probability	1.44	1.27	+0.17
Calmar ratio: Return relative to maximum drawdown	4.32	2.52	+1.80
Martin ratio: Return relative to average drawdown	17.14	6.78	+10.36

SPYI.DE vs. SPPU.DE - Sharpe Ratio Comparison

The current SPYI.DE Sharpe Ratio is 2.37, which is higher than the SPPU.DE Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of SPYI.DE and SPPU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPYI.DE vs. SPPU.DE - Drawdown Comparison

The maximum SPYI.DE drawdown since its inception was -41.58%, which is greater than SPPU.DE's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and SPPU.DE.

Drawdown Indicators

	SPYI.DE	SPPU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-13.50%	-28.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.45%	-3.32%	-3.13%
Max Drawdown (3Y) Largest decline over 3 years	-21.64%	-11.44%	-10.20%
Max Drawdown (5Y) Largest decline over 5 years	-21.64%	-13.50%	-8.14%
Max Drawdown (10Y) Largest decline over 10 years	-34.49%	—	—
Current Drawdown Current decline from peak	-1.40%	-2.60%	+1.20%
Average Drawdown Average peak-to-trough decline	-8.41%	-6.15%	-2.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	1.23%	+0.40%

Volatility

SPYI.DE vs. SPPU.DE - Volatility Comparison

SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a higher volatility of 3.42% compared to SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) at 1.54%. This indicates that SPYI.DE's price experiences larger fluctuations and is considered to be riskier than SPPU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYI.DE	SPPU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	1.54%	+1.88%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	3.98%	+4.55%
Volatility (1Y) Calculated over the trailing 1-year period	11.75%	5.80%	+5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	8.41%	+5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.93%	8.28%	+7.65%

SPYI.DE vs. SPPU.DE - Expense Ratio Comparison

SPYI.DE has a 0.17% expense ratio, which is higher than SPPU.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPYI.DE vs. SPPU.DE - Dividend Comparison

Neither SPYI.DE nor SPPU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPYI.DE and SPPU.DE in my portfolio?

SPYI.DE and SPPU.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYI.DE or SPPU.DE?

On fees, SPPU.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYI.DE or SPPU.DE?

SPPU.DE is cheaper with a 0.15% expense ratio, compared with 0.17% for SPYI.DE.

What is the main difference between SPYI.DE and SPPU.DE?

SPYI.DE is categorized as Global Equities, while SPPU.DE is Corporate Bonds. SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select. Their fees differ too: 0.17% for SPYI.DE and 0.15% for SPPU.DE.