SPYP.DE vs. SPYQ.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) are both Industrials Equities funds from State Street - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped. Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 12.56%/yr for SPYQ.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYP.DE vs. SPYQ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYP.DE achieves a 17.42% return, which is significantly higher than SPYQ.DE's 8.86% return. Over the past 10 years, SPYP.DE has underperformed SPYQ.DE with an annualized return of 11.05%, while SPYQ.DE has yielded a comparatively higher 12.56% 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%
SPYQ.DE
- 1D
- 0.62%
- 1M
- 0.55%
- YTD
- 8.86%
- 6M
- 11.04%
- 1Y
- 15.68%
- 3Y*
- 19.58%
- 5Y*
- 12.85%
- 10Y*
- 12.56%
SPYP.DE vs. SPYQ.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% |
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.86% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
Correlation
The correlation between SPYP.DE and SPYQ.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.78 |
The correlation between SPYP.DE and SPYQ.DE shifts across timeframes, from 0.63 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYP.DE vs. SPYQ.DE — Risk / Return Rank
SPYP.DE
SPYQ.DE
SPYP.DE vs. SPYQ.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 Europe Industrials UCITS ETF (SPYQ.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 | SPYQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.16 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.19 | +0.79 |
| Martin ratioReturn relative to average drawdown | 7.94 | 4.36 | +3.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYP.DE | SPYQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.79 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.67 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.64 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.60 | -0.18 |
Drawdowns
SPYP.DE vs. SPYQ.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, smaller than the maximum SPYQ.DE drawdown of -41.44%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SPYQ.DE.
Loading charts...
Drawdown Indicators
| SPYP.DE | SPYQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -41.44% | +4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -13.15% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -18.37% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -29.20% | +6.57% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -41.44% | +6.04% |
Current DrawdownCurrent decline from peak | -1.54% | -2.67% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -6.07% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.58% | -0.32% |
Volatility
SPYP.DE vs. SPYQ.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) have volatilities of 6.50% and 6.29%, 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.
Loading charts...
Volatility by Period
| SPYP.DE | SPYQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.29% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 16.51% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 19.70% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 18.87% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 19.60% | -0.26% |
SPYP.DE vs. SPYQ.DE - Expense Ratio Comparison
Both SPYP.DE and SPYQ.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPYP.DE vs. SPYQ.DE - Dividend Comparison
Neither SPYP.DE nor SPYQ.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and SPYQ.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYP.DE and SPYQ.DE have the same expense ratio: 0.18% per year.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped.
Find the right allocation for SPYP.DE and SPYQ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer