SPYQ.DE vs. LCHM.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and LCHM.DE (Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc) are both Industrials Equities funds - SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped while LCHM.DE tracks the STOXX® Europe 600 Chemicals. Both are passively managed. Over the past 10 years, SPYQ.DE returned 12.56%/yr vs 9.52%/yr for LCHM.DE. A 0.78 correlation means they provide meaningful diversification when combined. SPYQ.DE charges 0.18%/yr vs 0.30%/yr for LCHM.DE.
Performance
SPYQ.DE vs. LCHM.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 LCHM.DE's 22.92% return. Over the past 10 years, SPYQ.DE has outperformed LCHM.DE with an annualized return of 12.56%, while LCHM.DE has yielded a comparatively lower 9.52% annualized 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%
LCHM.DE
- 1D
- -0.50%
- 1M
- 6.36%
- YTD
- 22.92%
- 6M
- 27.91%
- 1Y
- 34.17%
- 3Y*
- 10.91%
- 5Y*
- 6.53%
- 10Y*
- 9.52%
SPYQ.DE vs. LCHM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
LCHM.DE Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc | 22.92% | 13.24% | -9.83% | 16.21% | -14.63% | 24.72% | 10.72% | 24.43% | -9.02% | 13.19% |
Correlation
The correlation between SPYQ.DE and LCHM.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.78 |
Over the past year, the correlation between SPYQ.DE and LCHM.DE has dropped to 0.56 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
SPYQ.DE vs. LCHM.DE — Risk / Return Rank
SPYQ.DE
LCHM.DE
SPYQ.DE vs. LCHM.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 Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc (LCHM.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 | LCHM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 2.55 | -1.36 |
| Martin ratioReturn relative to average drawdown | 4.36 | 10.41 | -6.05 |
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 | LCHM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.91 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.36 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.54 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.47 | +0.13 |
Drawdowns
SPYQ.DE vs. LCHM.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, smaller than the maximum LCHM.DE drawdown of -47.72%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and LCHM.DE.
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Drawdown Indicators
| SPYQ.DE | LCHM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -47.72% | +6.28% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -13.34% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -24.12% | +5.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -24.60% | -4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -31.17% | -10.27% |
Current DrawdownCurrent decline from peak | -2.67% | -1.74% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -8.36% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.24% | +0.34% |
Volatility
SPYQ.DE vs. LCHM.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) is 6.29%, while Lyxor STOXX Europe 600 Chemicals UCITS ETF Acc (LCHM.DE) has a volatility of 6.63%. This indicates that SPYQ.DE experiences smaller price fluctuations and is considered to be less risky than LCHM.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 | LCHM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 6.63% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 14.76% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 17.86% | +1.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 17.73% | +1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 17.92% | +1.68% |
SPYQ.DE vs. LCHM.DE - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is lower than LCHM.DE's 0.30% expense ratio.
Dividends
SPYQ.DE vs. LCHM.DE - Dividend Comparison
Neither SPYQ.DE nor LCHM.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and LCHM.DE have a correlation of 0.56, 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 0.30% for LCHM.DE.
SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while LCHM.DE tracks STOXX® Europe 600 Chemicals. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for SPYQ.DE and 0.30% for LCHM.DE.
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