SPYL.DE vs. SPY1.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) are both S&P 500 funds from State Street - SPYL.DE tracks the S&P 500 Index while SPY1.DE tracks the S&P 500 Low Volatility. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs -1.53% for SPY1.DE. At a 0.36 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.35%/yr for SPY1.DE.
Performance
SPYL.DE vs. SPY1.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 SPY1.DE's 2.00% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
SPYL.DE vs. SPY1.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% |
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | 2.15% |
Correlation
The correlation between SPYL.DE and SPY1.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.36 |
Over the past year, the correlation between SPYL.DE and SPY1.DE has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
SPYL.DE vs. SPY1.DE — Risk / Return Rank
SPYL.DE
SPY1.DE
SPYL.DE vs. SPY1.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 SPDR S&P 500 Low Volatility UCITS ETF (SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.36 | ||
| Sortino ratioReturn per unit of downside risk | +3.14 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.98 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | -0.23 | +3.80 |
| Martin ratioReturn relative to average drawdown | 12.72 | -0.48 | +13.21 |
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 | SPY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | -0.15 | +2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.69 | +0.84 |
Drawdowns
SPYL.DE vs. SPY1.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum SPY1.DE drawdown of -35.30%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and SPY1.DE.
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Drawdown Indicators
| SPYL.DE | SPY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -35.30% | +12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.77% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.30% | — |
Current DrawdownCurrent decline from peak | -0.46% | -11.45% | +10.99% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -6.16% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.15% | -1.14% |
Volatility
SPYL.DE vs. SPY1.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a volatility of 3.46%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.46% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.38% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 10.25% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 12.47% | +2.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 14.00% | +0.61% |
SPYL.DE vs. SPY1.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than SPY1.DE's 0.35% expense ratio.
Dividends
SPYL.DE vs. SPY1.DE - Dividend Comparison
Neither SPYL.DE nor SPY1.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and SPY1.DE have a correlation of 0.13, 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 0.35% for SPY1.DE.
SPYL.DE tracks S&P 500 Index, while SPY1.DE tracks S&P 500 Low Volatility. Their fees differ too: 0.03% for SPYL.DE and 0.35% for SPY1.DE.
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