SPYQ.DE vs. JEDI.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and JEDI.DE (VanEck Space Innovators UCITS ETF) are both Industrials Equities funds - SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped while JEDI.DE tracks the MVIS Global Space Industry ESG. Both are passively managed. Over the past 3 years, SPYQ.DE returned 19.58%/yr vs 65.71%/yr for JEDI.DE. A 0.50 correlation means they provide meaningful diversification when combined. SPYQ.DE charges 0.18%/yr vs 0.55%/yr for JEDI.DE.
Performance
SPYQ.DE vs. JEDI.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 JEDI.DE's 76.99% 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%
JEDI.DE
- 1D
- 1.31%
- 1M
- 22.20%
- YTD
- 76.99%
- 6M
- 97.67%
- 1Y
- 202.78%
- 3Y*
- 65.71%
- 5Y*
- —
- 10Y*
- —
SPYQ.DE vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.86% | 25.52% | 14.36% | 26.68% | 9.38% |
JEDI.DE VanEck Space Innovators UCITS ETF | 76.99% | 72.15% | 52.14% | 8.55% | 5.38% |
Correlation
The correlation between SPYQ.DE and JEDI.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.50 |
The correlation between SPYQ.DE and JEDI.DE has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
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Return for Risk
SPYQ.DE vs. JEDI.DE — Risk / Return Rank
SPYQ.DE
JEDI.DE
SPYQ.DE vs. JEDI.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 VanEck Space Innovators UCITS ETF (JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.80 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.56 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 8.56 | -7.37 |
| Martin ratioReturn relative to average drawdown | 4.36 | 28.05 | -23.69 |
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 | JEDI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 4.59 | -3.80 |
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 | 1.61 | -1.02 |
Drawdowns
SPYQ.DE vs. JEDI.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than JEDI.DE's maximum drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and JEDI.DE.
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Drawdown Indicators
| SPYQ.DE | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -30.10% | -11.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -23.53% | +10.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -30.10% | +11.73% |
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% | -13.81% | +11.14% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -7.12% | +1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 7.20% | -3.62% |
Volatility
SPYQ.DE vs. JEDI.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) is 6.29%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 18.13%. This indicates that SPYQ.DE experiences smaller price fluctuations and is considered to be less risky than JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 18.13% | -11.84% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 34.16% | -17.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 43.91% | -24.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 32.38% | -13.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 32.38% | -12.78% |
SPYQ.DE vs. JEDI.DE - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is lower than JEDI.DE's 0.55% expense ratio.
Dividends
SPYQ.DE vs. JEDI.DE - Dividend Comparison
Neither SPYQ.DE nor JEDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and JEDI.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for JEDI.DE.
SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while JEDI.DE tracks MVIS Global Space Industry ESG. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.18% for SPYQ.DE and 0.55% for JEDI.DE.
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