SPYQ.DE vs. ^GSPC
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) is Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SPYQ.DE returned 12.90%/yr vs 13.06%/yr for ^GSPC. At a 0.44 correlation, their price movements are largely independent.
Performance
SPYQ.DE vs. ^GSPC - Performance Comparison
Loading charts...
Different Trading Currencies
SPYQ.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYQ.DE achieves a 9.97% return, which is significantly lower than ^GSPC's 13.86% return. Both investments have delivered pretty close results over the past 10 years, with SPYQ.DE having a 12.90% annualized return and ^GSPC not far ahead at 13.06%.
SPYQ.DE
- 1D
- -0.16%
- 1M
- 1.90%
- 6M
- 3.18%
- YTD
- 9.97%
- 1Y
- 15.64%
- 3Y*
- 20.66%
- 5Y*
- 12.52%
- 10Y*
- 12.90%
^GSPC
- 1D
- 0.55%
- 1M
- 3.29%
- 6M
- 10.83%
- YTD
- 13.86%
- 1Y
- 23.89%
- 3Y*
- 18.05%
- 5Y*
- 12.52%
- 10Y*
- 13.06%
SPYQ.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 9.97% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
^GSPC S&P 500 Index | 13.86% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between SPYQ.DE and ^GSPC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.44 |
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
SPYQ.DE vs. ^GSPC — Risk / Return Rank
SPYQ.DE
^GSPC
SPYQ.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and S&P 500 Index (^GSPC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYQ.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 3.13 | -2.00 |
| Martin ratioReturn relative to average drawdown | 4.07 | 11.57 | -7.51 |
Loading charts...
Drawdowns
SPYQ.DE vs. ^GSPC - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, smaller than the maximum ^GSPC drawdown of -51.28%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and ^GSPC.
Loading charts...
Drawdown Indicators
| SPYQ.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -51.28% | +9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -7.57% | -5.58% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -23.99% | +5.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -23.99% | -5.21% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -33.42% | -8.02% |
Current DrawdownCurrent decline from peak | -4.14% | 0.00% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -8.95% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.04% | +1.62% |
Volatility
SPYQ.DE vs. ^GSPC - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.24% compared to S&P 500 Index (^GSPC) at 3.69%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYQ.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 3.69% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 9.19% | +7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 12.60% | +7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 16.85% | +2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 18.60% | +0.74% |
Frequently Asked Questions
SPYQ.DE and ^GSPC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SPYQ.DE and ^GSPC
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