SPYP.DE vs. SPYI.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SPYP.DE is a Industrials Equities fund tracking the MSCI Europe Materials 20/35 Capped, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 12.12%/yr for SPYI.DE. A 0.64 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.17%/yr for SPYI.DE.
Performance
SPYP.DE vs. SPYI.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 SPYI.DE's 13.27% return. Over the past 10 years, SPYP.DE has underperformed SPYI.DE with an annualized return of 11.05%, while SPYI.DE has yielded a comparatively higher 12.12% 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%
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
SPYP.DE vs. SPYI.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% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between SPYP.DE and SPYI.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.64 |
The correlation between SPYP.DE and SPYI.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
SPYP.DE vs. SPYI.DE — Risk / Return Rank
SPYP.DE
SPYI.DE
SPYP.DE vs. SPYI.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 ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.32 | -2.34 |
| Martin ratioReturn relative to average drawdown | 7.94 | 17.43 | -9.49 |
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 | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.41 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.85 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.81 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.84 | -0.42 |
Drawdowns
SPYP.DE vs. SPYI.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, which is greater than SPYI.DE's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SPYI.DE.
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Drawdown Indicators
| SPYP.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -34.60% | -2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -6.41% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -21.66% | +0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -21.66% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -34.60% | -0.80% |
Current DrawdownCurrent decline from peak | -1.54% | -0.56% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -4.34% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.59% | +1.67% |
Volatility
SPYP.DE vs. SPYI.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a higher volatility of 6.50% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.11%. This indicates that SPYP.DE's price experiences larger fluctuations and is considered to be riskier than SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 3.11% | +3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 8.21% | +6.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 11.48% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 13.90% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 15.18% | +4.16% |
SPYP.DE vs. SPYI.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is higher than SPYI.DE's 0.17% 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. SPYI.DE - Dividend Comparison
Neither SPYP.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and SPYI.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for SPYP.DE.
SPYP.DE is categorized as Industrials Equities, while SPYI.DE is Global Equities. SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.18% for SPYP.DE and 0.17% for SPYI.DE.
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