SPYL.DE vs. EXUS.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 20.10% for EXUS.DE. A 0.64 correlation means they provide meaningful diversification when combined. SPYL.DE charges 0.03%/yr vs 0.15%/yr for EXUS.DE.
Performance
SPYL.DE vs. EXUS.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 higher than EXUS.DE's 9.64% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXUS.DE
- 1D
- 0.19%
- 1M
- 3.48%
- YTD
- 9.64%
- 6M
- 11.67%
- 1Y
- 20.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYL.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 20.84% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 9.64% | 17.80% | 5.15% |
Correlation
The correlation between SPYL.DE and EXUS.DE is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.64 |
The correlation between SPYL.DE and EXUS.DE has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. EXUS.DE — Risk / Return Rank
SPYL.DE
EXUS.DE
SPYL.DE vs. EXUS.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 Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.30 | +1.27 |
| Martin ratioReturn relative to average drawdown | 12.72 | 9.01 | +3.71 |
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 | EXUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 1.62 | +0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 1.10 | +0.43 |
Drawdowns
SPYL.DE vs. EXUS.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and EXUS.DE.
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Drawdown Indicators
| SPYL.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -16.21% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -8.68% | +1.55% |
Current DrawdownCurrent decline from peak | -0.46% | -0.76% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -1.78% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.23% | -0.22% |
Volatility
SPYL.DE vs. EXUS.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) has a volatility of 3.28%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.28% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 10.06% | -2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 12.37% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 13.39% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 13.39% | +1.22% |
SPYL.DE vs. EXUS.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than EXUS.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. EXUS.DE - Dividend Comparison
Neither SPYL.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and EXUS.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.15% for EXUS.DE.
SPYL.DE is categorized as S&P 500, while EXUS.DE is Global Equities. SPYL.DE tracks S&P 500 Index, while EXUS.DE tracks MSCI World ex USA index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.03% for SPYL.DE and 0.15% for EXUS.DE.
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