SPYJ.DE vs. EXI5.DE
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and EXI5.DE (iShares STOXX Europe 600 Real Estate UCITS ETF (DE)) are both REIT funds - SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities while EXI5.DE tracks the STOXX® Europe 600 Real Estate. Both are passively managed. Over the past 10 years, SPYJ.DE returned 3.00%/yr vs -1.04%/yr for EXI5.DE. A 0.61 correlation means they provide meaningful diversification when combined. SPYJ.DE charges 0.40%/yr vs 0.46%/yr for EXI5.DE.
Performance
SPYJ.DE vs. EXI5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYJ.DE achieves a 8.14% return, which is significantly higher than EXI5.DE's -0.40% return. Over the past 10 years, SPYJ.DE has outperformed EXI5.DE with an annualized return of 3.00%, while EXI5.DE has yielded a comparatively lower -1.04% annualized return.
SPYJ.DE
- 1D
- 0.05%
- 1M
- -1.56%
- YTD
- 8.14%
- 6M
- 7.45%
- 1Y
- 10.28%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
EXI5.DE
- 1D
- 0.83%
- 1M
- -2.70%
- YTD
- -0.40%
- 6M
- 0.52%
- 1Y
- -4.69%
- 3Y*
- 6.81%
- 5Y*
- -4.96%
- 10Y*
- -1.04%
SPYJ.DE vs. EXI5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -20.64% | 41.31% | -18.77% | 23.49% | -0.95% | -3.79% |
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | -0.40% | 3.76% | -4.15% | 17.26% | -37.90% | 16.10% | -8.71% | 27.58% | -10.93% | 10.25% |
Correlation
The correlation between SPYJ.DE and EXI5.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.61 |
The correlation between SPYJ.DE and EXI5.DE has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.
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Return for Risk
SPYJ.DE vs. EXI5.DE — Risk / Return Rank
SPYJ.DE
EXI5.DE
SPYJ.DE vs. EXI5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) and iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.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.
| SPYJ.DE | EXI5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.96 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.32 | +1.78 |
| Martin ratioReturn relative to average drawdown | 4.40 | -0.75 | +5.15 |
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
| SPYJ.DE | EXI5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | -0.31 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.22 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | -0.05 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | -0.02 | +0.34 |
Drawdowns
SPYJ.DE vs. EXI5.DE - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, smaller than the maximum EXI5.DE drawdown of -77.04%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and EXI5.DE.
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Drawdown Indicators
| SPYJ.DE | EXI5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -77.04% | +34.12% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -15.30% | +8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -21.03% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -48.08% | +17.37% |
Max Drawdown (10Y)Largest decline over 10 years | -42.92% | -48.08% | +5.16% |
Current DrawdownCurrent decline from peak | -7.72% | -29.97% | +22.25% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -30.50% | +19.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 6.50% | -4.19% |
Volatility
SPYJ.DE vs. EXI5.DE - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) is 3.15%, while iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) has a volatility of 4.75%. This indicates that SPYJ.DE experiences smaller price fluctuations and is considered to be less risky than EXI5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYJ.DE | EXI5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 4.75% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 13.25% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 15.90% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 22.21% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 20.28% | -3.32% |
SPYJ.DE vs. EXI5.DE - Expense Ratio Comparison
SPYJ.DE has a 0.40% expense ratio, which is lower than EXI5.DE's 0.46% expense ratio.
Dividends
SPYJ.DE vs. EXI5.DE - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, more than EXI5.DE's 2.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | 2.13% | 2.02% | 1.82% | 2.05% | 2.19% | 0.93% | 1.30% | 2.10% | 2.15% | 3.10% | 2.80% | 2.65% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
Frequently Asked Questions
SPYJ.DE and EXI5.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYJ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYJ.DE is cheaper with a 0.40% expense ratio, compared with 0.46% for EXI5.DE.
SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while EXI5.DE tracks STOXX® Europe 600 Real Estate. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPYJ.DE and 0.46% for EXI5.DE.
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