SPYN.DE vs. SPYI.DE
SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SPYN.DE is a Energy Equities fund tracking the MSCI Europe Energy 20/35 Capped, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, SPYN.DE returned 11.20%/yr vs 12.12%/yr for SPYI.DE. At a 0.42 correlation, their price movements are largely independent. SPYN.DE charges 0.18%/yr vs 0.17%/yr for SPYI.DE.
Performance
SPYN.DE vs. SPYI.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 SPYI.DE's 13.27% return. Over the past 10 years, SPYN.DE has underperformed SPYI.DE with an annualized return of 11.20%, while SPYI.DE has yielded a comparatively higher 12.12% annualized 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%
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
SPYN.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 37.38% | 35.64% | -31.15% | 10.33% | -0.63% | 5.40% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between SPYN.DE and SPYI.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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2011 | 0.42 |
The correlation between SPYN.DE and SPYI.DE shifts across timeframes, from -0.07 (1 year) to 0.42 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYN.DE vs. SPYI.DE — Risk / Return Rank
SPYN.DE
SPYI.DE
SPYN.DE vs. SPYI.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 ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 4.32 | +0.23 |
| Martin ratioReturn relative to average drawdown | 14.57 | 17.43 | -2.86 |
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 | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 2.41 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.85 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.81 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.84 | -0.53 |
Drawdowns
SPYN.DE vs. SPYI.DE - Drawdown Comparison
The maximum SPYN.DE drawdown since its inception was -58.67%, which is greater than SPYI.DE's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SPYN.DE and SPYI.DE.
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Drawdown Indicators
| SPYN.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.67% | -34.60% | -24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -6.41% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -21.66% | -4.88% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -21.66% | -4.88% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -34.60% | -24.07% |
Current DrawdownCurrent decline from peak | -6.51% | -0.56% | -5.95% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -4.34% | -7.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 1.59% | +2.13% |
Volatility
SPYN.DE vs. SPYI.DE - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) has a higher volatility of 7.11% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.11%. This indicates that SPYN.DE's price experiences larger fluctuations and is considered to be riskier than SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 3.11% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 8.21% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 11.48% | +10.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 13.90% | +9.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 15.18% | +10.88% |
SPYN.DE vs. SPYI.DE - Expense Ratio Comparison
SPYN.DE has a 0.18% expense ratio, which is higher than SPYI.DE's 0.17% 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. SPYI.DE - Dividend Comparison
Neither SPYN.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYN.DE and SPYI.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, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for SPYN.DE.
SPYN.DE is categorized as Energy Equities, while SPYI.DE is Global Equities. SPYN.DE tracks MSCI Europe Energy 20/35 Capped, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.18% for SPYN.DE and 0.17% for SPYI.DE.
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