SPYJ.DE vs. WTER.DE
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and WTER.DE (WisdomTree New Economy Real Estate UCITS ETF USD Dist) are both REIT funds - SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities while WTER.DE tracks the CenterSquare New Economy Real Estate. Both are passively managed. Over the past 3 years, SPYJ.DE returned 5.92%/yr vs 16.33%/yr for WTER.DE. A 0.80 correlation means they provide meaningful diversification when combined. SPYJ.DE charges 0.40%/yr vs 0.45%/yr for WTER.DE.
Performance
SPYJ.DE vs. WTER.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYJ.DE achieves a 8.14% return, which is significantly lower than WTER.DE's 23.54% 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%
WTER.DE
- 1D
- -1.17%
- 1M
- 3.30%
- YTD
- 23.54%
- 6M
- 20.90%
- 1Y
- 43.05%
- 3Y*
- 16.33%
- 5Y*
- —
- 10Y*
- —
SPYJ.DE vs. WTER.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -14.73% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 23.54% | 17.11% | 0.49% | 9.28% | -17.48% |
Correlation
The correlation between SPYJ.DE and WTER.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2022 | 0.80 |
Over the past year, the correlation between SPYJ.DE and WTER.DE has dropped to 0.49 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYJ.DE vs. WTER.DE — Risk / Return Rank
SPYJ.DE
WTER.DE
SPYJ.DE vs. WTER.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 WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.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 | WTER.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 3.28 | -1.82 |
| Martin ratioReturn relative to average drawdown | 4.40 | 8.88 | -4.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYJ.DE | WTER.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 2.24 | -1.34 |
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 | 0.36 | -0.04 |
Drawdowns
SPYJ.DE vs. WTER.DE - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, which is greater than WTER.DE's maximum drawdown of -32.93%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and WTER.DE.
Loading charts...
Drawdown Indicators
| SPYJ.DE | WTER.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -32.93% | -9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -13.49% | +6.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -23.54% | +3.25% |
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% | -2.35% | -5.37% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -16.08% | +4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 5.00% | -2.69% |
Volatility
SPYJ.DE vs. WTER.DE - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) is 3.15%, while WisdomTree New Economy Real Estate UCITS ETF USD Dist (WTER.DE) has a volatility of 6.93%. This indicates that SPYJ.DE experiences smaller price fluctuations and is considered to be less risky than WTER.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYJ.DE | WTER.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 6.93% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 14.11% | -5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 19.85% | -8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 17.61% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 17.61% | -0.65% |
SPYJ.DE vs. WTER.DE - Expense Ratio Comparison
SPYJ.DE has a 0.40% expense ratio, which is lower than WTER.DE's 0.45% expense ratio.
Dividends
SPYJ.DE vs. WTER.DE - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, more than WTER.DE's 1.11% yield.
| 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% |
WTER.DE WisdomTree New Economy Real Estate UCITS ETF USD Dist | 1.11% | 1.59% | 1.65% | 1.14% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYJ.DE and WTER.DE have a correlation of 0.49, 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 0.45% for WTER.DE.
SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while WTER.DE tracks CenterSquare New Economy Real Estate. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.40% for SPYJ.DE and 0.45% for WTER.DE.
Find the right allocation for SPYJ.DE and WTER.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer