SPYN.DE vs. SPPW.DE
SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SPYN.DE is a Energy Equities fund tracking the MSCI Europe Energy 20/35 Capped, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, SPYN.DE returned 19.95%/yr vs 13.03%/yr for SPPW.DE. At a 0.38 correlation, their price movements are largely independent. SPYN.DE charges 0.18%/yr vs 0.12%/yr for SPPW.DE.
Performance
SPYN.DE vs. SPPW.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 higher than SPPW.DE's 10.85% 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%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
SPYN.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 37.38% | 35.64% | -31.15% | -0.31% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between SPYN.DE and SPPW.DE is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.38 |
The correlation between SPYN.DE and SPPW.DE shifts across timeframes, from -0.07 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYN.DE vs. SPPW.DE — Risk / Return Rank
SPYN.DE
SPPW.DE
SPYN.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 3.66 | +0.88 |
| Martin ratioReturn relative to average drawdown | 14.57 | 14.69 | -0.13 |
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 | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 2.16 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.92 | -0.08 |
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 | 0.86 | -0.56 |
Drawdowns
SPYN.DE vs. SPPW.DE - Drawdown Comparison
The maximum SPYN.DE drawdown since its inception was -58.67%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for SPYN.DE and SPPW.DE.
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Drawdown Indicators
| SPYN.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.67% | -33.69% | -24.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -6.51% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -21.62% | -4.92% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -21.62% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | — | — |
Current DrawdownCurrent decline from peak | -6.51% | -0.31% | -6.20% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -4.43% | -6.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 1.63% | +2.09% |
Volatility
SPYN.DE vs. SPPW.DE - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) has a higher volatility of 7.11% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that SPYN.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 2.70% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 7.62% | +11.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 11.11% | +11.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 14.06% | +9.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 16.08% | +9.98% |
SPYN.DE vs. SPPW.DE - Expense Ratio Comparison
SPYN.DE has a 0.18% expense ratio, which is higher than SPPW.DE's 0.12% 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
SPYN.DE vs. SPPW.DE - Dividend Comparison
Neither SPYN.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYN.DE and SPPW.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for SPYN.DE.
SPYN.DE is categorized as Energy Equities, while SPPW.DE is Global Equities. SPYN.DE tracks MSCI Europe Energy 20/35 Capped, while SPPW.DE tracks MSCI World. Their fees differ too: 0.18% for SPYN.DE and 0.12% for SPPW.DE.
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