SPYP.DE vs. EXV8.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and EXV8.DE (iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE)) are both Industrials Equities funds - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while EXV8.DE tracks the STOXX® Europe 600 Construction & Materials. Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 10.37%/yr for EXV8.DE. A 0.77 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.46%/yr for EXV8.DE.
Performance
SPYP.DE vs. EXV8.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 EXV8.DE's 1.00% return. Over the past 10 years, SPYP.DE has outperformed EXV8.DE with an annualized return of 11.05%, while EXV8.DE has yielded a comparatively lower 10.37% annualized 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%
EXV8.DE
- 1D
- 0.17%
- 1M
- -1.18%
- YTD
- 1.00%
- 6M
- 3.34%
- 1Y
- 7.54%
- 3Y*
- 15.58%
- 5Y*
- 9.70%
- 10Y*
- 10.37%
SPYP.DE vs. EXV8.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% | 18.99% |
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.00% | 25.00% | 6.42% | 33.57% | -18.92% | 32.25% | -2.02% | 42.92% | -17.87% | 10.41% |
Correlation
The correlation between SPYP.DE and EXV8.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.77 |
The correlation between SPYP.DE and EXV8.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
SPYP.DE vs. EXV8.DE — Risk / Return Rank
SPYP.DE
EXV8.DE
SPYP.DE vs. EXV8.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 STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.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 | EXV8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.49 | +1.49 |
| Martin ratioReturn relative to average drawdown | 7.94 | 1.50 | +6.44 |
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 | EXV8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.38 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.49 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.51 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.44 | -0.02 |
Drawdowns
SPYP.DE vs. EXV8.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, smaller than the maximum EXV8.DE drawdown of -66.09%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and EXV8.DE.
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Drawdown Indicators
| SPYP.DE | EXV8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -66.09% | +29.10% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -15.30% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -16.83% | -3.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -29.23% | +6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -42.81% | +7.41% |
Current DrawdownCurrent decline from peak | -1.54% | -6.66% | +5.12% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -15.00% | +7.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 5.00% | -1.74% |
Volatility
SPYP.DE vs. EXV8.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) (EXV8.DE) have volatilities of 6.50% and 6.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYP.DE | EXV8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.24% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 16.12% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 19.72% | -2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 19.47% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 20.26% | -0.92% |
SPYP.DE vs. EXV8.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is lower than EXV8.DE's 0.46% expense ratio.
Dividends
SPYP.DE vs. EXV8.DE - Dividend Comparison
SPYP.DE has not paid dividends to shareholders, while EXV8.DE's dividend yield for the trailing twelve months is around 1.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXV8.DE iShares STOXX Europe 600 Construction & Materials UCITS ETF (DE) | 1.39% | 1.39% | 1.69% | 1.59% | 1.78% | 1.34% | 0.53% | 1.55% | 1.66% | 2.87% | 2.80% | 2.79% |
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYP.DE and EXV8.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYP.DE is cheaper with a 0.18% expense ratio, compared with 0.46% for EXV8.DE.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while EXV8.DE tracks STOXX® Europe 600 Construction & Materials. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYP.DE and 0.46% for EXV8.DE.
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