SPYL.DE vs. 6AQQ.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and 6AQQ.DE (Amundi Nasdaq 100 UCITS ETF EUR) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while 6AQQ.DE is a Nasdaq-100 fund tracking the Nasdaq 100®. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 36.66% for 6AQQ.DE. Their correlation of 0.92 suggests significant overlap in exposure. SPYL.DE charges 0.03%/yr vs 0.23%/yr for 6AQQ.DE.
Performance
SPYL.DE vs. 6AQQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly lower than 6AQQ.DE's 18.30% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.89%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
6AQQ.DE
- 1D
- 2.51%
- 1M
- 1.82%
- YTD
- 18.30%
- 6M
- 19.72%
- 1Y
- 36.66%
- 3Y*
- 23.51%
- 5Y*
- 17.90%
- 10Y*
- 21.35%
SPYL.DE vs. 6AQQ.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% |
6AQQ.DE Amundi Nasdaq 100 UCITS ETF EUR | 18.30% | 7.08% | 33.77% | 12.98% |
Correlation
The correlation between SPYL.DE and 6AQQ.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.92 |
The correlation between SPYL.DE and 6AQQ.DE has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. 6AQQ.DE — Risk / Return Rank
SPYL.DE
6AQQ.DE
SPYL.DE vs. 6AQQ.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 Amundi Nasdaq 100 UCITS ETF EUR (6AQQ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYL.DE | 6AQQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.39 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.58 | 0.00 |
| Martin ratioReturn relative to average drawdown | 12.72 | 10.43 | +2.29 |
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Drawdowns
SPYL.DE vs. 6AQQ.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum 6AQQ.DE drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and 6AQQ.DE.
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Drawdown Indicators
| SPYL.DE | 6AQQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -31.19% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -10.01% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.19% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.19% | — |
Current DrawdownCurrent decline from peak | -0.46% | -2.78% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -5.36% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.44% | -1.43% |
Volatility
SPYL.DE vs. 6AQQ.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while Amundi Nasdaq 100 UCITS ETF EUR (6AQQ.DE) has a volatility of 5.37%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than 6AQQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | 6AQQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 5.37% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 11.60% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 16.15% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 19.90% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 19.67% | -5.07% |
SPYL.DE vs. 6AQQ.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than 6AQQ.DE's 0.23% 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. 6AQQ.DE - Dividend Comparison
Neither SPYL.DE nor 6AQQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, SPYL.DE and 6AQQ.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 0.23% for 6AQQ.DE.
SPYL.DE is categorized as S&P 500, while 6AQQ.DE is Nasdaq-100. SPYL.DE tracks S&P 500 Index, while 6AQQ.DE tracks Nasdaq 100®. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.03% for SPYL.DE and 0.23% for 6AQQ.DE.
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