SPYL.DE vs. 4UBQ.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and 4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc) are both S&P 500 funds - SPYL.DE tracks the S&P 500 Index while 4UBQ.DE tracks the S&P 500 ESG. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 28.57% for 4UBQ.DE. With a 0.97 correlation, they move nearly in lockstep. SPYL.DE charges 0.03%/yr vs 0.10%/yr for 4UBQ.DE.
Performance
SPYL.DE vs. 4UBQ.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with SPYL.DE having a 11.37% return and 4UBQ.DE slightly lower at 11.15%.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
4UBQ.DE
- 1D
- 0.58%
- 1M
- 5.42%
- YTD
- 11.15%
- 6M
- 11.64%
- 1Y
- 28.57%
- 3Y*
- 18.50%
- 5Y*
- 15.51%
- 10Y*
- —
SPYL.DE vs. 4UBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc | 11.15% | 5.39% | 31.02% | 8.15% |
Correlation
The correlation between SPYL.DE and 4UBQ.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.97 |
The correlation between SPYL.DE and 4UBQ.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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
SPYL.DE vs. 4UBQ.DE — Risk / Return Rank
SPYL.DE
4UBQ.DE
SPYL.DE vs. 4UBQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.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.
| SPYL.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.10 | -0.53 |
| Martin ratioReturn relative to average drawdown | 12.72 | 15.73 | -3.01 |
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
| SPYL.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.47 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 1.11 | +0.43 |
Drawdowns
SPYL.DE vs. 4UBQ.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, roughly equal to the maximum 4UBQ.DE drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and 4UBQ.DE.
Loading charts...
Drawdown Indicators
| SPYL.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -23.35% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.93% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.35% | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -4.02% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.81% | +0.20% |
Volatility
SPYL.DE vs. 4UBQ.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) has a volatility of 2.81%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than 4UBQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYL.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.81% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.61% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 11.53% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 15.27% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 15.39% | -0.78% |
SPYL.DE vs. 4UBQ.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than 4UBQ.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYL.DE vs. 4UBQ.DE - Dividend Comparison
Neither SPYL.DE nor 4UBQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SPYL.DE and 4UBQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.10% for 4UBQ.DE.
SPYL.DE tracks S&P 500 Index, while 4UBQ.DE tracks S&P 500 ESG. They also come from different issuers: State Street and UBS. Their fees differ too: 0.03% for SPYL.DE and 0.10% for 4UBQ.DE.
Find the right allocation for SPYL.DE and 4UBQ.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