SPYK.DE vs. VVSM.DE
SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - SPYK.DE is a Technology Equities fund tracking the MSCI Europe Information Technology 20/35 Capped, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, SPYK.DE returned 15.13%/yr vs 38.05%/yr for VVSM.DE. A 0.80 correlation means they provide meaningful diversification when combined. SPYK.DE charges 0.18%/yr vs 0.35%/yr for VVSM.DE.
Performance
SPYK.DE vs. VVSM.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 lower than VVSM.DE's 86.02% 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%
VVSM.DE
- 1D
- -2.77%
- 1M
- 22.85%
- YTD
- 86.02%
- 6M
- 85.84%
- 1Y
- 166.04%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
SPYK.DE vs. VVSM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 5.42% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.50% |
Correlation
The correlation between SPYK.DE and VVSM.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.80 |
The correlation between SPYK.DE and VVSM.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
SPYK.DE vs. VVSM.DE — Risk / Return Rank
SPYK.DE
VVSM.DE
SPYK.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.68 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 14.16 | -9.58 |
| Martin ratioReturn relative to average drawdown | 12.19 | 48.94 | -36.75 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 5.17 | -2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.21 | -0.63 |
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 | 1.24 | -0.60 |
Drawdowns
SPYK.DE vs. VVSM.DE - Drawdown Comparison
The maximum SPYK.DE drawdown since its inception was -38.45%, roughly equal to the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and VVSM.DE.
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Drawdown Indicators
| SPYK.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -37.64% | -0.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -11.65% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -27.02% | -37.53% | +10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -37.64% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -2.77% | +2.68% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -10.22% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 3.38% | +1.52% |
Volatility
SPYK.DE vs. VVSM.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) is 10.31%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that SPYK.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 12.04% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 24.35% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 31.92% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 31.15% | -5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 30.81% | -6.63% |
SPYK.DE vs. VVSM.DE - Expense Ratio Comparison
SPYK.DE has a 0.18% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
SPYK.DE vs. VVSM.DE - Dividend Comparison
Neither SPYK.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYK.DE and VVSM.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for VVSM.DE.
SPYK.DE is categorized as Technology Equities, while VVSM.DE is Semiconductors. SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.18% for SPYK.DE and 0.35% for VVSM.DE.
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