SPYJ.DE vs. R8T.DE
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and R8T.DE (abrdn Future Real Estate UCITS ETF) are both REIT funds. SPYJ.DE is passively managed, while R8T.DE is actively managed. Over the past 3 years, SPYJ.DE returned 5.92%/yr vs 3.46%/yr for R8T.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.40% expense ratio.
Performance
SPYJ.DE vs. R8T.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 R8T.DE's 5.83% 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%
R8T.DE
- 1D
- -0.18%
- 1M
- -2.52%
- YTD
- 5.83%
- 6M
- 5.30%
- 1Y
- 6.12%
- 3Y*
- 3.46%
- 5Y*
- —
- 10Y*
- —
SPYJ.DE vs. R8T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 5.37% |
R8T.DE abrdn Future Real Estate UCITS ETF | 5.83% | -3.97% | 2.59% | 5.29% |
Correlation
The correlation between SPYJ.DE and R8T.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2023 | 0.94 |
The correlation between SPYJ.DE and R8T.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
SPYJ.DE vs. R8T.DE — Risk / Return Rank
SPYJ.DE
R8T.DE
SPYJ.DE vs. R8T.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 abrdn Future Real Estate UCITS ETF (R8T.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 | R8T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 0.32 | +1.14 |
| Martin ratioReturn relative to average drawdown | 4.40 | 0.55 | +3.85 |
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 | R8T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.24 | +0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.16 | +0.17 |
Drawdowns
SPYJ.DE vs. R8T.DE - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, which is greater than R8T.DE's maximum drawdown of -21.76%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and R8T.DE.
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Drawdown Indicators
| SPYJ.DE | R8T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -21.76% | -21.16% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -18.35% | +11.40% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -21.76% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.92% | — | — |
Current DrawdownCurrent decline from peak | -7.72% | -11.79% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -7.54% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 10.72% | -8.41% |
Volatility
SPYJ.DE vs. R8T.DE - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a higher volatility of 3.15% compared to abrdn Future Real Estate UCITS ETF (R8T.DE) at 2.99%. This indicates that SPYJ.DE's price experiences larger fluctuations and is considered to be riskier than R8T.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 | R8T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.99% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 9.05% | -0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 24.56% | -13.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 18.55% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 18.55% | -1.59% |
SPYJ.DE vs. R8T.DE - Expense Ratio Comparison
Both SPYJ.DE and R8T.DE have an expense ratio of 0.40%.
Dividends
SPYJ.DE vs. R8T.DE - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, while R8T.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
R8T.DE abrdn Future Real Estate UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
With a correlation of 0.92, SPYJ.DE and R8T.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.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYJ.DE and R8T.DE have the same expense ratio: 0.40% per year.
They also come from different issuers: State Street and abrdn.
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