SPYK.DE vs. AYEW.DE
SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) are both Technology Equities funds - SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped while AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. Both are passively managed. Over the past 5 years, SPYK.DE returned 15.13%/yr vs 21.48%/yr for AYEW.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYK.DE vs. AYEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than AYEW.DE's 24.61% return.
SPYK.DE
- 1D
- 0.27%
- 1M
- 20.48%
- YTD
- 50.09%
- 6M
- 47.63%
- 1Y
- 59.88%
- 3Y*
- 24.74%
- 5Y*
- 15.13%
- 10Y*
- 16.39%
AYEW.DE
- 1D
- -1.67%
- 1M
- 15.12%
- YTD
- 24.61%
- 6M
- 23.38%
- 1Y
- 45.27%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
SPYK.DE vs. AYEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 6.97% |
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 30.99% | 12.00% |
Correlation
The correlation between SPYK.DE and AYEW.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.79 |
The correlation between SPYK.DE and AYEW.DE has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
SPYK.DE vs. AYEW.DE — Risk / Return Rank
SPYK.DE
AYEW.DE
SPYK.DE vs. AYEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.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.
| SPYK.DE | AYEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 3.01 | +1.58 |
| Martin ratioReturn relative to average drawdown | 12.19 | 8.00 | +4.19 |
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
| SPYK.DE | AYEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.26 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.93 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.02 | -0.38 |
Drawdowns
SPYK.DE vs. AYEW.DE - Drawdown Comparison
The maximum SPYK.DE drawdown since its inception was -38.45%, which is greater than AYEW.DE's maximum drawdown of -31.36%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and AYEW.DE.
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Drawdown Indicators
| SPYK.DE | AYEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -31.36% | -7.09% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -14.98% | +1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -27.02% | -29.01% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -30.10% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -2.13% | +2.04% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -7.74% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 5.64% | -0.74% |
Volatility
SPYK.DE vs. AYEW.DE - Volatility Comparison
SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a higher volatility of 10.31% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) at 6.77%. This indicates that SPYK.DE's price experiences larger fluctuations and is considered to be riskier than AYEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYK.DE | AYEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 6.77% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 14.89% | +6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 19.98% | +5.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 22.77% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 23.48% | +0.70% |
SPYK.DE vs. AYEW.DE - Expense Ratio Comparison
Both SPYK.DE and AYEW.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPYK.DE vs. AYEW.DE - Dividend Comparison
SPYK.DE has not paid dividends to shareholders, while AYEW.DE's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYK.DE and AYEW.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE and AYEW.DE have the same expense ratio: 0.18% per year.
SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped. They also come from different issuers: State Street and iShares.
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