SPYP.DE vs. SPPW.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SPYP.DE is a Industrials Equities fund tracking the MSCI Europe Materials 20/35 Capped, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, SPYP.DE returned 6.68%/yr vs 13.03%/yr for SPPW.DE. A 0.67 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.12%/yr for SPPW.DE.
Performance
SPYP.DE vs. SPPW.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 SPPW.DE's 10.85% 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%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
SPYP.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 11.03% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between SPYP.DE and SPPW.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.67 |
The correlation between SPYP.DE and SPPW.DE shifts across timeframes, from 0.54 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. SPPW.DE — Risk / Return Rank
SPYP.DE
SPPW.DE
SPYP.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.40 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.66 | -1.68 |
| Martin ratioReturn relative to average drawdown | 7.94 | 14.69 | -6.75 |
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 | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.16 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.92 | -0.55 |
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 | 0.86 | -0.44 |
Drawdowns
SPYP.DE vs. SPPW.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SPPW.DE.
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Drawdown Indicators
| SPYP.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -33.69% | -3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -6.51% | -6.56% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -21.62% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -21.62% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | — | — |
Current DrawdownCurrent decline from peak | -1.54% | -0.31% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -4.43% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.63% | +1.63% |
Volatility
SPYP.DE vs. SPPW.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a higher volatility of 6.50% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that SPYP.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 2.70% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 7.62% | +6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 11.11% | +5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 14.06% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 16.08% | +3.26% |
SPYP.DE vs. SPPW.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is higher than SPPW.DE's 0.12% 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. SPPW.DE - Dividend Comparison
Neither SPYP.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and SPPW.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for SPYP.DE.
SPYP.DE is categorized as Industrials Equities, while SPPW.DE is Global Equities. SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SPPW.DE tracks MSCI World. Their fees differ too: 0.18% for SPYP.DE and 0.12% for SPPW.DE.
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