SPYI.DE vs. SPYL.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI), while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SPYI.DE returned 27.79% vs 25.61% for SPYL.DE. Their correlation of 0.93 suggests significant overlap in exposure. SPYI.DE charges 0.17%/yr vs 0.03%/yr for SPYL.DE.
Performance
SPYI.DE vs. SPYL.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 SPYL.DE's 11.37% 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%
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYI.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 9.05% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between SPYI.DE and SPYL.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.93 |
The correlation between SPYI.DE and SPYL.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
SPYI.DE vs. SPYL.DE — Risk / Return Rank
SPYI.DE
SPYL.DE
SPYI.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 3.58 | +0.74 |
| Martin ratioReturn relative to average drawdown | 17.43 | 12.72 | +4.71 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.21 | +0.20 |
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 | 1.54 | -0.70 |
Drawdowns
SPYI.DE vs. SPYL.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and SPYL.DE.
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Drawdown Indicators
| SPYI.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -23.27% | -11.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -7.13% | +0.72% |
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% | -0.46% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -3.24% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.01% | -0.42% |
Volatility
SPYI.DE vs. SPYL.DE - Volatility Comparison
SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a higher volatility of 3.11% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that SPYI.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 2.66% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 7.57% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 11.52% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 14.61% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 14.61% | +0.57% |
SPYI.DE vs. SPYL.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is higher than SPYL.DE's 0.03% 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. SPYL.DE - Dividend Comparison
Neither SPYI.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, SPYI.DE and SPYL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.17% for SPYI.DE.
SPYI.DE is categorized as Global Equities, while SPYL.DE is S&P 500. SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.17% for SPYI.DE and 0.03% for SPYL.DE.
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