SPYL.DE vs. 6TVM.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and 6TVM.DE (Amundi Core S&P 500 Swap UCITS ETF USD Dist) are both S&P 500 funds tracking the S&P 500 Index, from State Street and Amundi respectively. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 25.58% for 6TVM.DE. With a 0.99 correlation, they move nearly in lockstep. SPYL.DE charges 0.03%/yr vs 0.05%/yr for 6TVM.DE.
Performance
SPYL.DE vs. 6TVM.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPYL.DE having a 11.37% return and 6TVM.DE slightly higher at 11.44%.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
6TVM.DE
- 1D
- -0.15%
- 1M
- 5.24%
- YTD
- 11.44%
- 6M
- 11.33%
- 1Y
- 25.58%
- 3Y*
- 18.94%
- 5Y*
- 14.84%
- 10Y*
- -9.90%
SPYL.DE vs. 6TVM.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% |
6TVM.DE Amundi Core S&P 500 Swap UCITS ETF USD Dist | 11.44% | 4.72% | 32.59% | 8.41% |
Correlation
The correlation between SPYL.DE and 6TVM.DE is 1.00 - 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 | 1.00 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.99 |
The correlation between SPYL.DE and 6TVM.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. 6TVM.DE — Risk / Return Rank
SPYL.DE
6TVM.DE
SPYL.DE vs. 6TVM.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 Core S&P 500 Swap UCITS ETF USD Dist (6TVM.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 | 6TVM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.59 | -0.01 |
| Martin ratioReturn relative to average drawdown | 12.72 | 12.74 | -0.02 |
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
| SPYL.DE | 6TVM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.20 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.96 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | -0.06 | +1.59 |
Drawdowns
SPYL.DE vs. 6TVM.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum 6TVM.DE drawdown of -92.05%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and 6TVM.DE.
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Drawdown Indicators
| SPYL.DE | 6TVM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -92.05% | +68.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -7.10% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -92.05% | — |
Current DrawdownCurrent decline from peak | -0.46% | -79.81% | +79.35% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -34.18% | +30.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.00% | +0.01% |
Volatility
SPYL.DE vs. 6TVM.DE - Volatility Comparison
State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and Amundi Core S&P 500 Swap UCITS ETF USD Dist (6TVM.DE) have volatilities of 2.66% and 2.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | 6TVM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.61% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.56% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 11.60% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 15.22% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 33.08% | -18.47% |
SPYL.DE vs. 6TVM.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than 6TVM.DE's 0.05% 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. 6TVM.DE - Dividend Comparison
SPYL.DE has not paid dividends to shareholders, while 6TVM.DE's dividend yield for the trailing twelve months is around 0.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
6TVM.DE Amundi Core S&P 500 Swap UCITS ETF USD Dist | 0.77% | 0.86% | 1.21% | 0.95% | 2.04% | 0.93% | 0.51% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, SPYL.DE and 6TVM.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 0.05% for 6TVM.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.03% for SPYL.DE and 0.05% for 6TVM.DE.
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