SPYQ.DE vs. EXUS.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both exchange-traded funds - SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped, while EXUS.DE is a Global Equities fund tracking the MSCI World ex USA index. Both are passively managed. Over the past year, SPYQ.DE returned 15.68% vs 20.06% for EXUS.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYQ.DE charges 0.18%/yr vs 0.15%/yr for EXUS.DE.
Performance
SPYQ.DE vs. EXUS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYQ.DE achieves a 8.86% return, which is significantly lower than EXUS.DE's 9.64% return.
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%
EXUS.DE
- 1D
- 0.19%
- 1M
- 1.53%
- YTD
- 9.64%
- 6M
- 11.66%
- 1Y
- 20.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYQ.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.86% | 25.52% | 5.78% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 9.64% | 17.80% | 5.15% |
Correlation
The correlation between SPYQ.DE and EXUS.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.84 |
The correlation between SPYQ.DE and EXUS.DE has been stable across timeframes, ranging from 0.83 to 0.84 - a consistent structural relationship.
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Return for Risk
SPYQ.DE vs. EXUS.DE — Risk / Return Rank
SPYQ.DE
EXUS.DE
SPYQ.DE vs. EXUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.
| SPYQ.DE | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.31 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.30 | -1.12 |
| Martin ratioReturn relative to average drawdown | 4.36 | 9.01 | -4.65 |
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
| SPYQ.DE | EXUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.62 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.10 | -0.50 |
Drawdowns
SPYQ.DE vs. EXUS.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and EXUS.DE.
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Drawdown Indicators
| SPYQ.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -16.21% | -25.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -8.68% | -4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | — | — |
Current DrawdownCurrent decline from peak | -2.67% | -0.76% | -1.91% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -1.78% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.23% | +1.35% |
Volatility
SPYQ.DE vs. EXUS.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.29% compared to Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) at 3.28%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYQ.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.28% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 10.06% | +6.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 12.37% | +7.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 13.39% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 13.39% | +6.21% |
SPYQ.DE vs. EXUS.DE - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is higher than EXUS.DE's 0.15% 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
SPYQ.DE vs. EXUS.DE - Dividend Comparison
Neither SPYQ.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and EXUS.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYQ.DE.
SPYQ.DE is categorized as Industrials Equities, while EXUS.DE is Global Equities. SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while EXUS.DE tracks MSCI World ex USA index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.18% for SPYQ.DE and 0.15% for EXUS.DE.
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