SPYM.DE vs. SPPY.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SPYM.DE returned 8.45%/yr vs 15.63%/yr for SPPY.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPYM.DE charges 0.18%/yr vs 0.10%/yr for SPPY.DE.
Performance
SPYM.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM.DE achieves a 27.39% return, which is significantly higher than SPPY.DE's 11.08% return.
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
SPYM.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 8.28% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between SPYM.DE and SPPY.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 (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.58 |
The correlation between SPYM.DE and SPPY.DE shifts across timeframes, from 0.55 (5 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYM.DE vs. SPPY.DE — Risk / Return Rank
SPYM.DE
SPPY.DE
SPYM.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
| SPYM.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.44 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.21 | +0.59 |
| Martin ratioReturn relative to average drawdown | 17.28 | 16.03 | +1.25 |
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
| SPYM.DE | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.43 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 1.00 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.92 | -0.58 |
Drawdowns
SPYM.DE vs. SPPY.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -36.28%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and SPPY.DE.
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Drawdown Indicators
| SPYM.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -33.31% | -2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -6.71% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -23.82% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -23.82% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | 0.00% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -4.84% | -5.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.77% | +1.12% |
Volatility
SPYM.DE vs. SPPY.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 7.34% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.69%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYM.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 2.69% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 7.79% | +7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 11.62% | +6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 15.43% | +1.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 17.57% | +0.83% |
SPYM.DE vs. SPPY.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYM.DE vs. SPPY.DE - Dividend Comparison
Neither SPYM.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYM.DE and SPPY.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, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for SPYM.DE.
SPYM.DE is categorized as Emerging Markets Equities, while SPPY.DE is S&P 500. SPYM.DE tracks MSCI Emerging Markets, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.18% for SPYM.DE and 0.10% for SPPY.DE.
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