SPYP.DE vs. SPYY.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPYP.DE is a Industrials Equities fund tracking the MSCI Europe Materials 20/35 Capped, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 12.40%/yr for SPYY.DE. A 0.68 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPYP.DE vs. SPYY.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 SPYY.DE's 12.54% return. Over the past 10 years, SPYP.DE has underperformed SPYY.DE with an annualized return of 11.05%, while SPYY.DE has yielded a comparatively higher 12.40% 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%
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPYP.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPYP.DE and SPYY.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.68 |
The correlation between SPYP.DE and SPYY.DE shifts across timeframes, from 0.57 (3 years) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. SPYY.DE — Risk / Return Rank
SPYP.DE
SPYY.DE
SPYP.DE vs. SPYY.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 UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.44 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 4.10 | -2.12 |
| Martin ratioReturn relative to average drawdown | 7.94 | 16.60 | -8.66 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 2.32 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.88 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.82 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.83 | -0.41 |
Drawdowns
SPYP.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SPYY.DE.
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Drawdown Indicators
| SPYP.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -33.49% | -3.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -6.49% | -6.58% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -21.27% | +0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -21.27% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -33.49% | -1.91% |
Current DrawdownCurrent decline from peak | -1.54% | -0.61% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -4.39% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.61% | +1.65% |
Volatility
SPYP.DE vs. SPYY.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a higher volatility of 6.50% compared to SPDR MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that SPYP.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 3.05% | +3.45% |
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% | 11.47% | +5.57% |
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% | 15.07% | +4.27% |
SPYP.DE vs. SPYY.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPYP.DE vs. SPYY.DE - Dividend Comparison
Neither SPYP.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and SPYY.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.40% for SPYY.DE.
SPYP.DE is categorized as Industrials Equities, while SPYY.DE is Global Equities. SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.18% for SPYP.DE and 0.40% for SPYY.DE.
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