SPYQ.DE vs. SPYP.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) are both Industrials Equities funds from State Street - SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped while SPYP.DE tracks the MSCI Europe Materials 20/35 Capped. Both are passively managed. Over the past 10 years, SPYQ.DE returned 12.56%/yr vs 11.05%/yr for SPYP.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
SPYQ.DE vs. SPYP.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 SPYP.DE's 17.42% return. Over the past 10 years, SPYQ.DE has outperformed SPYP.DE with an annualized return of 12.56%, while SPYP.DE has yielded a comparatively lower 11.05% 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%
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
SPYQ.DE vs. SPYP.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% |
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 18.99% |
Correlation
The correlation between SPYQ.DE and SPYP.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.78 |
The correlation between SPYQ.DE and SPYP.DE shifts across timeframes, from 0.63 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYQ.DE vs. SPYP.DE — Risk / Return Rank
SPYQ.DE
SPYP.DE
SPYQ.DE vs. SPYP.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 Europe Materials UCITS ETF (SPYP.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 | SPYP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.26 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.98 | -0.79 |
| Martin ratioReturn relative to average drawdown | 4.36 | 7.94 | -3.58 |
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 | SPYP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.52 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.37 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.57 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.42 | +0.18 |
Drawdowns
SPYQ.DE vs. SPYP.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than SPYP.DE's maximum drawdown of -36.99%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and SPYP.DE.
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Drawdown Indicators
| SPYQ.DE | SPYP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -36.99% | -4.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -13.07% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -20.69% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -22.63% | -6.57% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -35.40% | -6.04% |
Current DrawdownCurrent decline from peak | -2.67% | -1.54% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -7.59% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 3.26% | +0.32% |
Volatility
SPYQ.DE vs. SPYP.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) have volatilities of 6.29% and 6.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYQ.DE | SPYP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 6.50% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 14.33% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 17.04% | +2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 17.94% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 19.34% | +0.26% |
SPYQ.DE vs. SPYP.DE - Expense Ratio Comparison
Both SPYQ.DE and SPYP.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SPYQ.DE vs. SPYP.DE - Dividend Comparison
Neither SPYQ.DE nor SPYP.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and SPYP.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE and SPYP.DE have the same expense ratio: 0.18% per year.
SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while SPYP.DE tracks MSCI Europe Materials 20/35 Capped.
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