SPYP.DE vs. JEDI.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and JEDI.DE (VanEck Space Innovators UCITS ETF) are both Industrials Equities funds - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while JEDI.DE tracks the MVIS Global Space Industry ESG. Both are passively managed. Over the past 3 years, SPYP.DE returned 12.38%/yr vs 65.71%/yr for JEDI.DE. At a 0.41 correlation, their price movements are largely independent. SPYP.DE charges 0.18%/yr vs 0.55%/yr for JEDI.DE.
Performance
SPYP.DE vs. JEDI.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 lower than JEDI.DE's 76.99% 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%
JEDI.DE
- 1D
- 1.31%
- 1M
- 22.20%
- YTD
- 76.99%
- 6M
- 97.67%
- 1Y
- 202.78%
- 3Y*
- 65.71%
- 5Y*
- —
- 10Y*
- —
SPYP.DE vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | 5.10% |
JEDI.DE VanEck Space Innovators UCITS ETF | 76.99% | 72.15% | 52.14% | 8.55% | 5.38% |
Correlation
The correlation between SPYP.DE and JEDI.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.41 |
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Return for Risk
SPYP.DE vs. JEDI.DE — Risk / Return Rank
SPYP.DE
JEDI.DE
SPYP.DE vs. JEDI.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 VanEck Space Innovators UCITS ETF (JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.56 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 8.56 | -6.58 |
| Martin ratioReturn relative to average drawdown | 7.94 | 28.05 | -20.10 |
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 | JEDI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 4.59 | -3.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
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 | 1.61 | -1.20 |
Drawdowns
SPYP.DE vs. JEDI.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, which is greater than JEDI.DE's maximum drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and JEDI.DE.
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Drawdown Indicators
| SPYP.DE | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -30.10% | -6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -23.53% | +10.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -30.10% | +9.41% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -13.81% | +12.27% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -7.12% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 7.20% | -3.94% |
Volatility
SPYP.DE vs. JEDI.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) is 6.50%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 18.13%. This indicates that SPYP.DE experiences smaller price fluctuations and is considered to be less risky than JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 18.13% | -11.63% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 34.16% | -19.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 43.91% | -26.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 32.38% | -14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 32.38% | -13.04% |
SPYP.DE vs. JEDI.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is lower than JEDI.DE's 0.55% expense ratio.
Dividends
SPYP.DE vs. JEDI.DE - Dividend Comparison
Neither SPYP.DE nor JEDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and JEDI.DE have a correlation of 0.32, 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 0.55% for JEDI.DE.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while JEDI.DE tracks MVIS Global Space Industry ESG. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.18% for SPYP.DE and 0.55% for JEDI.DE.
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