SPYL.DE vs. SPYN.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while SPYN.DE is a Energy Equities fund tracking the MSCI Europe Energy 20/35 Capped. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 54.32% for SPYN.DE. At a 0.12 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.18%/yr for SPYN.DE.
Performance
SPYL.DE vs. SPYN.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 lower than SPYN.DE's 35.04% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYN.DE
- 1D
- -0.92%
- 1M
- -2.45%
- YTD
- 35.04%
- 6M
- 30.84%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
SPYL.DE vs. SPYN.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% |
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | -2.66% |
Correlation
The correlation between SPYL.DE and SPYN.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.12 |
The correlation between SPYL.DE and SPYN.DE shifts across timeframes, from -0.06 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYL.DE vs. SPYN.DE — Risk / Return Rank
SPYL.DE
SPYN.DE
SPYL.DE vs. SPYN.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 MSCI Europe Energy UCITS ETF (SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.55 | -0.97 |
| Martin ratioReturn relative to average drawdown | 12.72 | 14.57 | -1.84 |
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 | SPYN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.44 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.30 | +1.23 |
Drawdowns
SPYL.DE vs. SPYN.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum SPYN.DE drawdown of -58.67%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and SPYN.DE.
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Drawdown Indicators
| SPYL.DE | SPYN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -58.67% | +35.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -11.89% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -58.67% | — |
Current DrawdownCurrent decline from peak | -0.46% | -6.51% | +6.05% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -11.42% | +8.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 3.72% | -1.71% |
Volatility
SPYL.DE vs. SPYN.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 MSCI Europe Energy UCITS ETF (SPYN.DE) has a volatility of 7.11%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than SPYN.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 | SPYN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 7.11% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 19.17% | -11.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 22.25% | -10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 23.69% | -9.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 26.06% | -11.45% |
SPYL.DE vs. SPYN.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than SPYN.DE's 0.18% 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. SPYN.DE - Dividend Comparison
Neither SPYL.DE nor SPYN.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and SPYN.DE have a correlation of -0.06, 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 0.18% for SPYN.DE.
SPYL.DE is categorized as S&P 500, while SPYN.DE is Energy Equities. SPYL.DE tracks S&P 500 Index, while SPYN.DE tracks MSCI Europe Energy 20/35 Capped. Their fees differ too: 0.03% for SPYL.DE and 0.18% for SPYN.DE.
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