SPYI.DE vs. VVSM.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and VVSM.DE (VanEck Semiconductor 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 VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, SPYI.DE returned 11.62%/yr vs 38.39%/yr for VVSM.DE. A 0.76 correlation means they provide meaningful diversification when combined. SPYI.DE charges 0.17%/yr vs 0.35%/yr for VVSM.DE.
Performance
SPYI.DE vs. VVSM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI.DE achieves a 12.53% return, which is significantly lower than VVSM.DE's 88.80% return.
SPYI.DE
- 1D
- 1.91%
- 1M
- 2.37%
- YTD
- 12.53%
- 6M
- 14.24%
- 1Y
- 27.76%
- 3Y*
- 16.73%
- 5Y*
- 11.62%
- 10Y*
- 12.27%
VVSM.DE
- 1D
- 5.78%
- 1M
- 14.92%
- YTD
- 88.80%
- 6M
- 94.46%
- 1Y
- 164.58%
- 3Y*
- 55.11%
- 5Y*
- 38.39%
- 10Y*
- —
SPYI.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 2.89% |
VVSM.DE VanEck Semiconductor UCITS ETF | 88.80% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
Correlation
The correlation between SPYI.DE and VVSM.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.76 |
The correlation between SPYI.DE and VVSM.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
SPYI.DE vs. VVSM.DE — Risk / Return Rank
SPYI.DE
VVSM.DE
SPYI.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.63 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 13.76 | -9.56 |
| Martin ratioReturn relative to average drawdown | 16.67 | 44.81 | -28.13 |
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Drawdowns
SPYI.DE vs. VVSM.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -41.58%, which is greater than VVSM.DE's maximum drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and VVSM.DE.
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Drawdown Indicators
| SPYI.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.58% | -37.65% | -3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -11.65% | +5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -37.52% | +15.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.64% | -37.65% | +16.01% |
Max Drawdown (10Y)Largest decline over 10 years | -34.49% | — | — |
Current DrawdownCurrent decline from peak | -1.23% | -1.32% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -10.48% | +2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.58% | -1.95% |
Volatility
SPYI.DE vs. VVSM.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) is 3.48%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 13.48%. This indicates that SPYI.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 13.48% | -10.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 26.15% | -17.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.75% | 33.27% | -21.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 31.43% | -17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.96% | 31.86% | -15.90% |
SPYI.DE vs. VVSM.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
SPYI.DE vs. VVSM.DE - Dividend Comparison
Neither SPYI.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and VVSM.DE have a correlation of 0.74, 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 0.35% for VVSM.DE.
SPYI.DE is categorized as Global Equities, while VVSM.DE is Semiconductors. SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.17% for SPYI.DE and 0.35% for VVSM.DE.
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