SPYJ.DE vs. SPYI.DE
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SPYJ.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, SPYJ.DE returned 3.00%/yr vs 12.12%/yr for SPYI.DE. A 0.56 correlation means they provide meaningful diversification when combined. SPYJ.DE charges 0.40%/yr vs 0.17%/yr for SPYI.DE.
Performance
SPYJ.DE vs. SPYI.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 lower than SPYI.DE's 13.27% return. Over the past 10 years, SPYJ.DE has underperformed SPYI.DE with an annualized return of 3.00%, while SPYI.DE has yielded a comparatively higher 12.12% 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%
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%
SPYJ.DE vs. SPYI.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% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between SPYJ.DE and SPYI.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2012 | 0.56 |
The correlation between SPYJ.DE and SPYI.DE shifts across timeframes, from 0.45 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYJ.DE vs. SPYI.DE — Risk / Return Rank
SPYJ.DE
SPYI.DE
SPYJ.DE vs. SPYI.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 SPDR MSCI ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 4.32 | -2.86 |
| Martin ratioReturn relative to average drawdown | 4.40 | 17.43 | -13.03 |
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 | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.41 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.85 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.81 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.84 | -0.51 |
Drawdowns
SPYJ.DE vs. SPYI.DE - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, which is greater than SPYI.DE's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and SPYI.DE.
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Drawdown Indicators
| SPYJ.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -34.60% | -8.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -6.41% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -21.66% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -21.66% | -9.05% |
Max Drawdown (10Y)Largest decline over 10 years | -42.92% | -34.60% | -8.32% |
Current DrawdownCurrent decline from peak | -7.72% | -0.56% | -7.16% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -4.34% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 1.59% | +0.72% |
Volatility
SPYJ.DE vs. SPYI.DE - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) have volatilities of 3.15% and 3.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYJ.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.11% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 8.21% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 11.48% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 13.90% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 15.18% | +1.78% |
SPYJ.DE vs. SPYI.DE - Expense Ratio Comparison
SPYJ.DE has a 0.40% expense ratio, which is higher than SPYI.DE's 0.17% expense ratio.
Dividends
SPYJ.DE vs. SPYI.DE - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, while SPYI.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI 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
SPYJ.DE and SPYI.DE have a correlation of 0.45, 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 0.40% for SPYJ.DE.
SPYJ.DE is categorized as REIT, while SPYI.DE is Global Equities. SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.40% for SPYJ.DE and 0.17% for SPYI.DE.
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