SPYL.DE vs. SPYT.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped. Both are passively managed. Over the past year, SPYL.DE returned 26.03% vs -8.81% for SPYT.DE. At a 0.22 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.18%/yr for SPYT.DE.
Performance
SPYL.DE vs. SPYT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.91% return, which is significantly higher than SPYT.DE's -0.14% return.
SPYL.DE
- 1D
- 0.00%
- 1M
- 1.20%
- YTD
- 11.91%
- 6M
- 12.23%
- 1Y
- 26.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYT.DE
- 1D
- -0.91%
- 1M
- -6.04%
- YTD
- -0.14%
- 6M
- 0.88%
- 1Y
- -8.81%
- 3Y*
- 9.78%
- 5Y*
- 4.30%
- 10Y*
- 2.47%
SPYL.DE vs. SPYT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.91% | 4.71% | 32.33% | 8.23% |
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | -0.14% | 7.33% | 14.79% | 6.83% |
Correlation
The correlation between SPYL.DE and SPYT.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.22 |
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Return for Risk
SPYL.DE vs. SPYT.DE — Risk / Return Rank
SPYL.DE
SPYT.DE
SPYL.DE vs. SPYT.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 Communication Services UCITS ETF (SPYT.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.
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 | SPYT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.85 | ||
| Sortino ratioReturn per unit of downside risk | +3.86 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.91 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | -0.62 | +4.29 |
| Martin ratioReturn relative to average drawdown | 12.91 | -1.19 | +14.10 |
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Drawdowns
SPYL.DE vs. SPYT.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum SPYT.DE drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and SPYT.DE.
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Drawdown Indicators
| SPYL.DE | SPYT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -49.63% | +26.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -14.05% | +6.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.06% | — |
Current DrawdownCurrent decline from peak | 0.00% | -11.34% | +11.34% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -17.12% | +13.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 7.37% | -5.35% |
Volatility
SPYL.DE vs. SPYT.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 3.21%, while SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a volatility of 3.92%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than SPYT.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 | SPYT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.92% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 10.80% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 13.46% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 13.53% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 15.53% | -0.51% |
SPYL.DE vs. SPYT.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than SPYT.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. SPYT.DE - Dividend Comparison
Neither SPYL.DE nor SPYT.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and SPYT.DE have a correlation of 0.22, 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 SPYT.DE.
SPYL.DE is categorized as S&P 500, while SPYT.DE is Communications Equities. SPYL.DE tracks S&P 500 Index, while SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped. Their fees differ too: 0.03% for SPYL.DE and 0.18% for SPYT.DE.
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