SPYJ.DE vs. IVE
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and IVE (iShares S&P 500 Value ETF) are both exchange-traded funds - SPYJ.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities, while IVE is a Large Cap Value Equities fund tracking the S&P 500 Value Index. Both are passively managed. Over the past 10 years, SPYJ.DE returned 3.00%/yr vs 11.50%/yr for IVE. At a 0.45 correlation, their price movements are largely independent. SPYJ.DE charges 0.40%/yr vs 0.18%/yr for IVE.
Performance
SPYJ.DE vs. IVE - Performance Comparison
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Different Trading Currencies
SPYJ.DE is traded in EUR, while IVE is traded in USD. To make them comparable, the IVE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYJ.DE achieves a 8.14% return, which is significantly lower than IVE's 9.70% return. Over the past 10 years, SPYJ.DE has underperformed IVE with an annualized return of 3.00%, while IVE has yielded a comparatively higher 11.50% annualized return.
SPYJ.DE
- 1D
- 0.05%
- 1M
- -0.54%
- YTD
- 8.14%
- 6M
- 7.27%
- 1Y
- 10.19%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
IVE
- 1D
- 0.00%
- 1M
- 3.13%
- YTD
- 9.70%
- 6M
- 9.28%
- 1Y
- 20.93%
- 3Y*
- 12.68%
- 5Y*
- 11.77%
- 10Y*
- 11.50%
SPYJ.DE vs. IVE - 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% |
IVE iShares S&P 500 Value ETF | 9.70% | -0.40% | 19.43% | 18.41% | 0.45% | 34.05% | -7.13% | 34.59% | -4.96% | 1.08% |
Correlation
The correlation between SPYJ.DE and IVE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.45 |
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Return for Risk
SPYJ.DE vs. IVE — Risk / Return Rank
SPYJ.DE
IVE
SPYJ.DE vs. IVE - 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 S&P 500 Value ETF (IVE). 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 | IVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 4.17 | -2.71 |
| Martin ratioReturn relative to average drawdown | 4.40 | 14.03 | -9.63 |
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 | IVE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.00 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.81 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.66 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.46 | -0.14 |
Drawdowns
SPYJ.DE vs. IVE - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, smaller than the maximum IVE drawdown of -56.71%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and IVE.
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Drawdown Indicators
| SPYJ.DE | IVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -56.71% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -5.04% | -1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -22.14% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -22.14% | -8.57% |
Max Drawdown (10Y)Largest decline over 10 years | -42.92% | -36.41% | -6.51% |
Current DrawdownCurrent decline from peak | -7.72% | 0.00% | -7.72% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -10.03% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.50% | +0.81% |
Volatility
SPYJ.DE vs. IVE - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a higher volatility of 3.15% compared to iShares S&P 500 Value ETF (IVE) at 1.81%. This indicates that SPYJ.DE's price experiences larger fluctuations and is considered to be riskier than IVE 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 | IVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 1.81% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 7.48% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 10.54% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 14.51% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 17.61% | -0.65% |
SPYJ.DE vs. IVE - Expense Ratio Comparison
SPYJ.DE has a 0.40% expense ratio, which is higher than IVE's 0.18% expense ratio.
Dividends
SPYJ.DE vs. IVE - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, more than IVE's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVE iShares S&P 500 Value ETF | 1.52% | 1.61% | 2.04% | 1.65% | 2.10% | 1.81% | 2.37% | 2.11% | 2.74% | 2.12% | 2.26% | 2.44% |
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 IVE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVE is cheaper with a 0.18% expense ratio, compared with 0.40% for SPYJ.DE.
SPYJ.DE is categorized as REIT, while IVE is Large Cap Value Equities. SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while IVE tracks S&P 500 Value Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPYJ.DE and 0.18% for IVE.
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