SPYP.DE vs. LCHM.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and LCHM.DE (Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc) are both Industrials Equities funds - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while LCHM.DE tracks the STOXX® Europe 600 Chemicals. Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 9.52%/yr for LCHM.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYP.DE charges 0.18%/yr vs 0.30%/yr for LCHM.DE.
Performance
SPYP.DE vs. LCHM.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 LCHM.DE's 22.92% return. Over the past 10 years, SPYP.DE has outperformed LCHM.DE with an annualized return of 11.05%, while LCHM.DE has yielded a comparatively lower 9.52% 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%
LCHM.DE
- 1D
- -0.50%
- 1M
- 6.36%
- YTD
- 22.92%
- 6M
- 27.91%
- 1Y
- 34.17%
- 3Y*
- 10.91%
- 5Y*
- 6.53%
- 10Y*
- 9.52%
SPYP.DE vs. LCHM.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% |
LCHM.DE Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc | 22.92% | 13.24% | -9.83% | 16.21% | -14.63% | 24.72% | 10.72% | 24.43% | -9.02% | 13.19% |
Correlation
The correlation between SPYP.DE and LCHM.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.84 |
The correlation between SPYP.DE and LCHM.DE shifts across timeframes, from 0.84 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. LCHM.DE — Risk / Return Rank
SPYP.DE
LCHM.DE
SPYP.DE vs. LCHM.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 Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc (LCHM.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 | LCHM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 2.55 | -0.57 |
| Martin ratioReturn relative to average drawdown | 7.94 | 10.41 | -2.46 |
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 | LCHM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.91 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.36 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.54 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.47 | -0.05 |
Drawdowns
SPYP.DE vs. LCHM.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, smaller than the maximum LCHM.DE drawdown of -47.72%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and LCHM.DE.
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Drawdown Indicators
| SPYP.DE | LCHM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -47.72% | +10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -13.34% | +0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -24.12% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -24.60% | +1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -31.17% | -4.23% |
Current DrawdownCurrent decline from peak | -1.54% | -1.74% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -8.36% | +0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.24% | +0.02% |
Volatility
SPYP.DE vs. LCHM.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc (LCHM.DE) have volatilities of 6.50% and 6.63%, 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 | LCHM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.63% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 14.76% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 17.86% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 17.73% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 17.92% | +1.42% |
SPYP.DE vs. LCHM.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is lower than LCHM.DE's 0.30% expense ratio.
Dividends
SPYP.DE vs. LCHM.DE - Dividend Comparison
Neither SPYP.DE nor LCHM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, SPYP.DE and LCHM.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for LCHM.DE.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while LCHM.DE tracks STOXX® Europe 600 Chemicals. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for SPYP.DE and 0.30% for LCHM.DE.
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