SPYL.DE vs. ASML.AS

Last updated Jun 5, 2026

SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) is S&P 500 fund tracking the S&P 500 Index, while ASML.AS (ASML Holding N.V.) is a stock. Over the past year, SPYL.DE returned 26.53% vs 147.16% for ASML.AS. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

SPYL.DE vs. ASML.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and ASML Holding N.V. (ASML.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly lower than ASML.AS's 77.49% return.

SPYL.DE

• 1D: -0.15%
• 1M: 1.89%
• YTD: 11.37%
• 6M: 12.66%
• 1Y: 26.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASML.AS

• 1D: 3.40%
• 1M: 24.72%
• YTD: 77.49%
• 6M: 76.74%
• 1Y: 147.16%
• 3Y*: 34.95%
• 5Y*: 24.36%
• 10Y*: 35.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYL.DE vs. ASML.AS - 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%
ASML.AS ASML Holding N.V.	77.49%	37.08%	0.36%	20.90%

Correlation

The correlation between SPYL.DE and ASML.AS is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023	0.58

The correlation between SPYL.DE and ASML.AS has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.

Return for Risk

SPYL.DE vs. ASML.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYL.DE

SPYL.DE Risk / Return Rank: 69
SPYL.DE Sharpe Ratio Rank: 68
SPYL.DE Sortino Ratio Rank: 67
SPYL.DE Omega Ratio Rank: 70
SPYL.DE Calmar Ratio Rank: 73
SPYL.DE Martin Ratio Rank: 70

ASML.AS

ASML.AS Risk / Return Rank: 96
ASML.AS Sharpe Ratio Rank: 97
ASML.AS Sortino Ratio Rank: 95
ASML.AS Omega Ratio Rank: 94
ASML.AS Calmar Ratio Rank: 97
ASML.AS Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYL.DE vs. ASML.AS - 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 ASML Holding N.V. (ASML.AS). 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	ASML.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.21	3.47	-1.26
Sortino ratio: Return per unit of downside risk	3.01	3.84	-0.83
Omega ratio: Gain probability vs. loss probability	1.41	1.50	-0.09
Calmar ratio: Return relative to maximum drawdown	3.58	8.87	-5.30
Martin ratio: Return relative to average drawdown	12.72	23.14	-10.42

SPYL.DE vs. ASML.AS - Sharpe Ratio Comparison

The current SPYL.DE Sharpe Ratio is 2.21, which is lower than the ASML.AS Sharpe Ratio of 3.47. The chart below compares the historical Sharpe Ratios of SPYL.DE and ASML.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPYL.DE vs. ASML.AS - Drawdown Comparison

The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum ASML.AS drawdown of -56.76%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and ASML.AS.

Drawdown Indicators

	SPYL.DE	ASML.AS	Difference
Max Drawdown Largest peak-to-trough decline	-23.27%	-56.76%	+33.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-15.81%	+8.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-44.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.93%	—
Current Drawdown Current decline from peak	-0.46%	0.00%	-0.46%
Average Drawdown Average peak-to-trough decline	-3.23%	-14.83%	+11.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	6.09%	-4.08%

Volatility

SPYL.DE vs. ASML.AS - Volatility Comparison

The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while ASML Holding N.V. (ASML.AS) has a volatility of 13.41%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than ASML.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYL.DE	ASML.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	13.41%	-10.75%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	31.18%	-23.61%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	40.46%	-28.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	38.54%	-23.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	34.18%	-19.58%

Dividends

SPYL.DE vs. ASML.AS - Dividend Comparison

SPYL.DE has not paid dividends to shareholders, while ASML.AS's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASML.AS ASML Holding N.V.	0.46%	0.71%	0.92%	0.87%	1.28%	0.47%	0.64%	1.19%	1.02%	0.83%	0.98%	0.85%
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%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPYL.DE and ASML.AS in my portfolio?

SPYL.DE and ASML.AS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.