SPYL.DE vs. AW1C.DE

Last updated Jun 5, 2026

SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and AW1C.DE (UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc) are both S&P 500 funds - SPYL.DE tracks the S&P 500 Index while AW1C.DE tracks the S&P 500® ESG Elite. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 39.49% for AW1C.DE. Their correlation of 0.91 suggests significant overlap in exposure. SPYL.DE charges 0.03%/yr vs 0.15%/yr for AW1C.DE.

Performance

SPYL.DE vs. AW1C.DE - 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 UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE). 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 AW1C.DE's 21.11% return.

SPYL.DE

• 1D: -0.15%
• 1M: 5.19%
• YTD: 11.37%
• 6M: 11.41%
• 1Y: 25.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AW1C.DE

• 1D: -0.12%
• 1M: 11.53%
• YTD: 21.11%
• 6M: 23.44%
• 1Y: 39.49%
• 3Y*: 21.18%
• 5Y*: 15.78%
• 10Y*: —

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

SPYL.DE vs. AW1C.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%
AW1C.DE UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc	21.11%	6.94%	24.89%	8.89%

Correlation

The correlation between SPYL.DE and AW1C.DE is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023	0.91

The correlation between SPYL.DE and AW1C.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

SPYL.DE vs. AW1C.DE — 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

AW1C.DE

AW1C.DE Risk / Return Rank: 51
AW1C.DE Sharpe Ratio Rank: 45
AW1C.DE Sortino Ratio Rank: 49
AW1C.DE Omega Ratio Rank: 82
AW1C.DE Calmar Ratio Rank: 47
AW1C.DE Martin Ratio Rank: 31

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. AW1C.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 Elite UCITS ETF (USD) A-acc (AW1C.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	AW1C.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.56	+0.66
Sortino ratio: Return per unit of downside risk	3.01	2.34	+0.67
Omega ratio: Gain probability vs. loss probability	1.41	1.48	-0.07
Calmar ratio: Return relative to maximum drawdown	3.58	2.33	+1.25
Martin ratio: Return relative to average drawdown	12.72	4.43	+8.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYL.DE vs. AW1C.DE - Sharpe Ratio Comparison

The current SPYL.DE Sharpe Ratio is 2.21, which is higher than the AW1C.DE Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of SPYL.DE and AW1C.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYL.DE	AW1C.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	1.56	+0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.54	0.92	+0.62

Drawdowns

SPYL.DE vs. AW1C.DE - Drawdown Comparison

The maximum SPYL.DE drawdown since its inception was -23.27%, roughly equal to the maximum AW1C.DE drawdown of -22.40%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and AW1C.DE.

Drawdown Indicators

	SPYL.DE	AW1C.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.27%	-22.40%	-0.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-16.86%	+9.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.40%	—
Current Drawdown Current decline from peak	-0.46%	-0.12%	-0.34%
Average Drawdown Average peak-to-trough decline	-3.24%	-5.82%	+2.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	8.90%	-6.89%

Volatility

SPYL.DE vs. AW1C.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 Elite UCITS ETF (USD) A-acc (AW1C.DE) has a volatility of 3.81%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than AW1C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYL.DE	AW1C.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	3.81%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	7.57%	9.14%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.52%	25.24%	-13.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.61%	18.35%	-3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	18.11%	-3.50%

SPYL.DE vs. AW1C.DE - Expense Ratio Comparison

SPYL.DE has a 0.03% expense ratio, which is lower than AW1C.DE's 0.15% 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. AW1C.DE - Dividend Comparison

Neither SPYL.DE nor AW1C.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPYL.DE and AW1C.DE in my portfolio?

SPYL.DE and AW1C.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYL.DE or AW1C.DE?

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.

Which ETF is cheaper, SPYL.DE or AW1C.DE?

SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for AW1C.DE.

What is the main difference between SPYL.DE and AW1C.DE?

SPYL.DE tracks S&P 500 Index, while AW1C.DE tracks S&P 500® ESG Elite. They also come from different issuers: State Street and UBS. Their fees differ too: 0.03% for SPYL.DE and 0.15% for AW1C.DE.