SPYI.DE vs. SXRS.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and SXRS.DE (iShares Diversified Commodity Swap 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 SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, SPYI.DE returned 12.01%/yr vs 12.06%/yr for SXRS.DE. At a 0.26 correlation, their price movements are largely independent. SPYI.DE charges 0.17%/yr vs 0.19%/yr for SXRS.DE.
Performance
SPYI.DE vs. SXRS.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 SXRS.DE's 23.84% 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%
SXRS.DE
- 1D
- -1.56%
- 1M
- -3.05%
- YTD
- 23.84%
- 6M
- 24.41%
- 1Y
- 35.20%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
SPYI.DE vs. SXRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -4.00% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 9.72% | -6.15% |
Correlation
The correlation between SPYI.DE and SXRS.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | 0.26 |
The correlation between SPYI.DE and SXRS.DE shifts across timeframes, from -0.06 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYI.DE vs. SXRS.DE — Risk / Return Rank
SPYI.DE
SXRS.DE
SPYI.DE vs. SXRS.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 iShares Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.34 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 4.00 | +0.31 |
| Martin ratioReturn relative to average drawdown | 17.43 | 8.95 | +8.48 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 1.87 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.70 | +0.16 |
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 | 0.53 | +0.30 |
Drawdowns
SPYI.DE vs. SXRS.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, which is greater than SXRS.DE's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and SXRS.DE.
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Drawdown Indicators
| SPYI.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -27.64% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -8.75% | +2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -16.03% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -27.56% | +5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -4.99% | +4.43% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -13.12% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 3.92% | -2.33% |
Volatility
SPYI.DE vs. SXRS.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) is 3.11%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 5.76%. This indicates that SPYI.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 5.76% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 16.67% | -8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 18.76% | -7.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 17.13% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 15.85% | -0.67% |
SPYI.DE vs. SXRS.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than SXRS.DE's 0.19% expense ratio. Despite the difference, 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. SXRS.DE - Dividend Comparison
Neither SPYI.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and SXRS.DE have a correlation of -0.06, 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 0.19% for SXRS.DE.
SPYI.DE is categorized as Global Equities, while SXRS.DE is Commodities. SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while SXRS.DE tracks Bloomberg Commodity. They also come from different issuers: State Street and iShares. Their fees differ too: 0.17% for SPYI.DE and 0.19% for SXRS.DE.
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