SPYM.DE vs. XGLF.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) are both Emerging Markets Equities funds - SPYM.DE tracks the MSCI Emerging Markets while XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index. Both are passively managed. Over the past 10 years, SPYM.DE returned 8.80%/yr vs 7.56%/yr for XGLF.DE. At a 0.44 correlation, their price movements are largely independent. SPYM.DE charges 0.18%/yr vs 0.65%/yr for XGLF.DE.
Performance
SPYM.DE vs. XGLF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM.DE achieves a 23.48% return, which is significantly higher than XGLF.DE's 6.19% return. Over the past 10 years, SPYM.DE has outperformed XGLF.DE with an annualized return of 8.80%, while XGLF.DE has yielded a comparatively lower 7.56% annualized return.
SPYM.DE
- 1D
- -0.30%
- 1M
- -4.66%
- 6M
- 16.47%
- YTD
- 23.48%
- 1Y
- 39.56%
- 3Y*
- 19.85%
- 5Y*
- 7.83%
- 10Y*
- 8.80%
XGLF.DE
- 1D
- 1.04%
- 1M
- 0.25%
- 6M
- 0.08%
- YTD
- 6.19%
- 1Y
- 4.64%
- 3Y*
- 3.71%
- 5Y*
- 5.40%
- 10Y*
- 7.56%
SPYM.DE vs. XGLF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 23.48% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 22.31% | -11.26% | 19.74% |
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.19% | -5.36% | 9.58% | 0.55% | 1.24% | 48.84% | -9.49% | 9.50% | 22.95% | -7.49% |
Correlation
The correlation between SPYM.DE and XGLF.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | 0.44 |
The correlation between SPYM.DE and XGLF.DE shifts across timeframes, from 0.34 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYM.DE vs. XGLF.DE — Risk / Return Rank
SPYM.DE
XGLF.DE
SPYM.DE vs. XGLF.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 Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.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.
| SPYM.DE | XGLF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.07 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 0.51 | +3.28 |
| Martin ratioReturn relative to average drawdown | 11.48 | 1.11 | +10.37 |
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Drawdowns
SPYM.DE vs. XGLF.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -44.83%, which is greater than XGLF.DE's maximum drawdown of -42.15%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and XGLF.DE.
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Drawdown Indicators
| SPYM.DE | XGLF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.83% | -42.15% | -2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -9.05% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.95% | -18.41% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -31.29% | +8.04% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -35.16% | +3.47% |
Current DrawdownCurrent decline from peak | -8.18% | -17.67% | +9.49% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -18.25% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 4.16% | -0.72% |
Volatility
SPYM.DE vs. XGLF.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 8.65% compared to Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) at 3.71%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier than XGLF.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 | XGLF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 3.71% | +4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 8.99% | +8.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.31% | 12.56% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 15.36% | +1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 18.33% | +0.20% |
SPYM.DE vs. XGLF.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is lower than XGLF.DE's 0.65% expense ratio.
Dividends
SPYM.DE vs. XGLF.DE - Dividend Comparison
Neither SPYM.DE nor XGLF.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYM.DE and XGLF.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for XGLF.DE.
SPYM.DE tracks MSCI Emerging Markets, while XGLF.DE tracks MSCI GCC Countries ex Select Securities Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.18% for SPYM.DE and 0.65% for XGLF.DE.
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