SPYN.DE vs. S0LR.DE
SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) and S0LR.DE (Invesco Solar Energy UCITS ETF Acc) are both Energy Equities funds - SPYN.DE tracks the MSCI Europe Energy 20/35 Capped while S0LR.DE tracks the MAC Global Solar Energy. Both are passively managed. Over the past 3 years, SPYN.DE returned 17.57%/yr vs -3.99%/yr for S0LR.DE. At a 0.20 correlation, their price movements are largely independent. SPYN.DE charges 0.18%/yr vs 0.69%/yr for S0LR.DE.
Performance
SPYN.DE vs. S0LR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYN.DE achieves a 35.04% return, which is significantly lower than S0LR.DE's 39.14% return.
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%
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
SPYN.DE vs. S0LR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 37.38% | 14.72% |
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
Correlation
The correlation between SPYN.DE and S0LR.DE is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.20 |
The correlation between SPYN.DE and S0LR.DE shifts across timeframes, from -0.08 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYN.DE vs. S0LR.DE — Risk / Return Rank
SPYN.DE
S0LR.DE
SPYN.DE vs. S0LR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) and Invesco Solar Energy UCITS ETF Acc (S0LR.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.
| SPYN.DE | S0LR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 8.71 | -4.17 |
| Martin ratioReturn relative to average drawdown | 14.57 | 21.79 | -7.22 |
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
| SPYN.DE | S0LR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 3.02 | -0.58 |
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 | 0.30 | -0.12 | +0.42 |
Drawdowns
SPYN.DE vs. S0LR.DE - Drawdown Comparison
The maximum SPYN.DE drawdown since its inception was -58.67%, smaller than the maximum S0LR.DE drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for SPYN.DE and S0LR.DE.
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Drawdown Indicators
| SPYN.DE | S0LR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.67% | -73.43% | +14.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -11.75% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -65.01% | +38.47% |
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 | -6.51% | -32.82% | +26.31% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -39.70% | +28.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 4.71% | -0.99% |
Volatility
SPYN.DE vs. S0LR.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) is 7.11%, while Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a volatility of 12.56%. This indicates that SPYN.DE experiences smaller price fluctuations and is considered to be less risky than S0LR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYN.DE | S0LR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 12.56% | -5.45% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 23.50% | -4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 33.92% | -11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 36.23% | -12.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 36.23% | -10.17% |
SPYN.DE vs. S0LR.DE - Expense Ratio Comparison
SPYN.DE has a 0.18% expense ratio, which is lower than S0LR.DE's 0.69% expense ratio.
Dividends
SPYN.DE vs. S0LR.DE - Dividend Comparison
Neither SPYN.DE nor S0LR.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYN.DE and S0LR.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYN.DE is cheaper with a 0.18% expense ratio, compared with 0.69% for S0LR.DE.
SPYN.DE tracks MSCI Europe Energy 20/35 Capped, while S0LR.DE tracks MAC Global Solar Energy. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYN.DE and 0.69% for S0LR.DE.
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