SPYQ.DE vs. SPYI.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, SPYQ.DE returned 12.56%/yr vs 12.12%/yr for SPYI.DE. A 0.72 correlation means they provide meaningful diversification when combined. SPYQ.DE charges 0.18%/yr vs 0.17%/yr for SPYI.DE.
Performance
SPYQ.DE vs. SPYI.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 SPYI.DE's 13.27% return. Both investments have delivered pretty close results over the past 10 years, with SPYQ.DE having a 12.56% annualized return and SPYI.DE not far behind at 12.12%.
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%
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
SPYQ.DE vs. SPYI.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% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between SPYQ.DE and SPYI.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
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 | 0.72 |
The correlation between SPYQ.DE and SPYI.DE has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
SPYQ.DE vs. SPYI.DE — Risk / Return Rank
SPYQ.DE
SPYI.DE
SPYQ.DE vs. SPYI.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 SPDR MSCI ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 4.32 | -3.13 |
| Martin ratioReturn relative to average drawdown | 4.36 | 17.43 | -13.07 |
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 | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.41 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.85 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.81 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.84 | -0.24 |
Drawdowns
SPYQ.DE vs. SPYI.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than SPYI.DE's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and SPYI.DE.
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Drawdown Indicators
| SPYQ.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -34.60% | -6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -6.41% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -21.66% | +3.29% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -21.66% | -7.54% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -34.60% | -6.84% |
Current DrawdownCurrent decline from peak | -2.67% | -0.56% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -4.34% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.59% | +1.99% |
Volatility
SPYQ.DE vs. SPYI.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.29% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.11%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.11% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 8.21% | +8.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 11.48% | +8.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 13.90% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 15.18% | +4.42% |
SPYQ.DE vs. SPYI.DE - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is higher than SPYI.DE's 0.17% 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. SPYI.DE - Dividend Comparison
Neither SPYQ.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and SPYI.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for SPYQ.DE.
SPYQ.DE is categorized as Industrials Equities, while SPYI.DE is Global Equities. SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.18% for SPYQ.DE and 0.17% for SPYI.DE.
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