SPYP.DE vs. 2B7C.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and 2B7C.DE (iShares S&P 500 Industrials Sector UCITS ETF) are both Industrials Equities funds - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while 2B7C.DE tracks the S&P 500 Capped 35/20 Industrials. Both are passively managed. Over the past 5 years, SPYP.DE returned 6.68%/yr vs 13.22%/yr for 2B7C.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.15%/yr for 2B7C.DE.
Performance
SPYP.DE vs. 2B7C.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYP.DE achieves a 17.42% return, which is significantly higher than 2B7C.DE's 13.30% return.
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
2B7C.DE
- 1D
- -0.23%
- 1M
- 2.46%
- YTD
- 13.30%
- 6M
- 14.07%
- 1Y
- 20.91%
- 3Y*
- 18.60%
- 5Y*
- 13.22%
- 10Y*
- —
SPYP.DE vs. 2B7C.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 12.72% |
2B7C.DE iShares S&P 500 Industrials Sector UCITS ETF | 13.30% | 6.91% | 23.72% | 13.89% | -0.20% | 32.19% | -0.63% | 32.20% | -10.13% | 4.44% |
Correlation
The correlation between SPYP.DE and 2B7C.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2017 | 0.58 |
The correlation between SPYP.DE and 2B7C.DE shifts across timeframes, from 0.42 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. 2B7C.DE — Risk / Return Rank
SPYP.DE
2B7C.DE
SPYP.DE vs. 2B7C.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and iShares S&P 500 Industrials Sector UCITS ETF (2B7C.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.
| SPYP.DE | 2B7C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.34 | -0.36 |
| Martin ratioReturn relative to average drawdown | 7.94 | 7.59 | +0.35 |
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
| SPYP.DE | 2B7C.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.44 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.78 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.60 | -0.19 |
Drawdowns
SPYP.DE vs. 2B7C.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, smaller than the maximum 2B7C.DE drawdown of -41.33%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and 2B7C.DE.
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Drawdown Indicators
| SPYP.DE | 2B7C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -41.33% | +4.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -8.89% | -4.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -22.66% | +1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -22.66% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -0.47% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -5.04% | -2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.75% | +0.51% |
Volatility
SPYP.DE vs. 2B7C.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a higher volatility of 6.50% compared to iShares S&P 500 Industrials Sector UCITS ETF (2B7C.DE) at 3.74%. This indicates that SPYP.DE's price experiences larger fluctuations and is considered to be riskier than 2B7C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYP.DE | 2B7C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 3.74% | +2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 10.98% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 14.45% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 16.73% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 19.35% | -0.01% |
SPYP.DE vs. 2B7C.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is higher than 2B7C.DE's 0.15% 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
SPYP.DE vs. 2B7C.DE - Dividend Comparison
Neither SPYP.DE nor 2B7C.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and 2B7C.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7C.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7C.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYP.DE.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while 2B7C.DE tracks S&P 500 Capped 35/20 Industrials. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYP.DE and 0.15% for 2B7C.DE.
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