SPYJ.DE vs. SPYY.DE

Last updated Jun 5, 2026

SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPYJ.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPYJ.DE returned 3.00%/yr vs 12.40%/yr for SPYY.DE. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

SPYJ.DE vs. SPYY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) and SPDR MSCI ACWI UCITS ETF (SPYY.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYJ.DE achieves a 8.14% return, which is significantly lower than SPYY.DE's 12.54% return. Over the past 10 years, SPYJ.DE has underperformed SPYY.DE with an annualized return of 3.00%, while SPYY.DE has yielded a comparatively higher 12.40% 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%

SPYY.DE

• 1D: -0.21%
• 1M: 3.63%
• YTD: 12.54%
• 6M: 12.75%
• 1Y: 26.58%
• 3Y*: 17.99%
• 5Y*: 12.35%
• 10Y*: 12.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYJ.DE vs. SPYY.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%
SPYY.DE SPDR MSCI ACWI UCITS ETF	12.54%	9.46%	24.56%	18.22%	-13.82%	29.11%	5.12%	30.21%	-6.02%	8.80%

Correlation

The correlation between SPYJ.DE and SPYY.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.60
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	0.59

The correlation between SPYJ.DE and SPYY.DE shifts across timeframes, from 0.43 (1 year) to 0.60 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

SPYJ.DE vs. SPYY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYJ.DE

SPYJ.DE Risk / Return Rank: 27
SPYJ.DE Sharpe Ratio Rank: 26
SPYJ.DE Sortino Ratio Rank: 24
SPYJ.DE Omega Ratio Rank: 25
SPYJ.DE Calmar Ratio Rank: 30
SPYJ.DE Martin Ratio Rank: 31

SPYY.DE

SPYY.DE Risk / Return Rank: 77
SPYY.DE Sharpe Ratio Rank: 72
SPYY.DE Sortino Ratio Rank: 73
SPYY.DE Omega Ratio Rank: 74
SPYY.DE Calmar Ratio Rank: 80
SPYY.DE Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYJ.DE vs. SPYY.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 UCITS ETF (SPYY.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	SPYY.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.90	2.32	-1.42
Sortino ratio: Return per unit of downside risk	1.30	3.24	-1.95
Omega ratio: Gain probability vs. loss probability	1.16	1.44	-0.27
Calmar ratio: Return relative to maximum drawdown	1.46	4.10	-2.64
Martin ratio: Return relative to average drawdown	4.40	16.60	-12.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYJ.DE vs. SPYY.DE - Sharpe Ratio Comparison

The current SPYJ.DE Sharpe Ratio is 0.90, which is lower than the SPYY.DE Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SPYJ.DE and SPYY.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYJ.DE	SPYY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	2.32	-1.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.88	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.82	-0.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.83	-0.50

Drawdowns

SPYJ.DE vs. SPYY.DE - Drawdown Comparison

The maximum SPYJ.DE drawdown since its inception was -42.92%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and SPYY.DE.

Drawdown Indicators

	SPYJ.DE	SPYY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.92%	-33.49%	-9.43%
Max Drawdown (1Y) Largest decline over 1 year	-6.95%	-6.49%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-20.29%	-21.27%	+0.98%
Max Drawdown (5Y) Largest decline over 5 years	-30.71%	-21.27%	-9.44%
Max Drawdown (10Y) Largest decline over 10 years	-42.92%	-33.49%	-9.43%
Current Drawdown Current decline from peak	-7.72%	-0.61%	-7.11%
Average Drawdown Average peak-to-trough decline	-11.10%	-4.39%	-6.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	1.61%	+0.70%

Volatility

SPYJ.DE vs. SPYY.DE - Volatility Comparison

SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) and SPDR MSCI ACWI UCITS ETF (SPYY.DE) have volatilities of 3.15% and 3.05%, 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.

Volatility by Period

	SPYJ.DE	SPYY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.05%	+0.10%
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%	11.47%	-0.18%
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%	15.07%	+1.89%

SPYJ.DE vs. SPYY.DE - Expense Ratio Comparison

Both SPYJ.DE and SPYY.DE have an expense ratio of 0.40%.

Dividends

SPYJ.DE vs. SPYY.DE - Dividend Comparison

SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, while SPYY.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPYY.DE SPDR MSCI ACWI 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%

Frequently Asked Questions

Can I hold both SPYJ.DE and SPYY.DE in my portfolio?

SPYJ.DE and SPYY.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYJ.DE or SPYY.DE?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYJ.DE or SPYY.DE?

SPYJ.DE and SPYY.DE have the same expense ratio: 0.40% per year.

What is the main difference between SPYJ.DE and SPYY.DE?

SPYJ.DE is categorized as REIT, while SPYY.DE is Global Equities. SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while SPYY.DE tracks MSCI All Country World (ACWI).