SPYP.DE vs. SPY5.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - SPYP.DE is a Industrials Equities fund tracking the MSCI Europe Materials 20/35 Capped, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 15.13%/yr for SPY5.DE. A 0.59 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.03%/yr for SPY5.DE.
Performance
SPYP.DE vs. SPY5.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 SPY5.DE's 11.39% return. Over the past 10 years, SPYP.DE has underperformed SPY5.DE with an annualized return of 11.05%, while SPY5.DE has yielded a comparatively higher 15.13% 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%
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
SPYP.DE vs. SPY5.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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
Correlation
The correlation between SPYP.DE and SPY5.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.59 |
The correlation between SPYP.DE and SPY5.DE shifts across timeframes, from 0.41 (3 years) to 0.59 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. SPY5.DE — Risk / Return Rank
SPYP.DE
SPY5.DE
SPYP.DE vs. SPY5.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 S&P 500 UCITS ETF (SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 3.57 | -1.59 |
| Martin ratioReturn relative to average drawdown | 7.94 | 12.77 | -4.83 |
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 | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.22 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.96 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.93 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.97 | -0.55 |
Drawdowns
SPYP.DE vs. SPY5.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, which is greater than SPY5.DE's maximum drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SPY5.DE.
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Drawdown Indicators
| SPYP.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -33.86% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -7.15% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -23.34% | +2.65% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -23.34% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -33.86% | -1.54% |
Current DrawdownCurrent decline from peak | -1.54% | -0.44% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -3.95% | -3.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.00% | +1.26% |
Volatility
SPYP.DE vs. SPY5.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a higher volatility of 6.50% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 2.66%. This indicates that SPYP.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 2.66% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 7.54% | +6.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 11.51% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 15.18% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 16.07% | +3.27% |
SPYP.DE vs. SPY5.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is higher than SPY5.DE's 0.03% 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. SPY5.DE - Dividend Comparison
SPYP.DE has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
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 SPY5.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.18% for SPYP.DE.
SPYP.DE is categorized as Industrials Equities, while SPY5.DE is S&P 500. SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.18% for SPYP.DE and 0.03% for SPY5.DE.
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