SPYQ.DE vs. SPYY.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPYQ.DE is a Industrials Equities fund tracking the MSCI Europe Industrials 20/35 Capped, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPYQ.DE returned 12.56%/yr vs 12.40%/yr for SPYY.DE. A 0.75 correlation means they provide meaningful diversification when combined. SPYQ.DE charges 0.18%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPYQ.DE vs. SPYY.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYQ.DE achieves a 8.86% return, which is significantly lower than SPYY.DE's 12.54% return. Both investments have delivered pretty close results over the past 10 years, with SPYQ.DE having a 12.56% annualized return and SPYY.DE not far behind at 12.40%.
SPYQ.DE
- 1D
- 0.62%
- 1M
- -2.67%
- YTD
- 8.86%
- 6M
- 10.87%
- 1Y
- 15.07%
- 3Y*
- 19.58%
- 5Y*
- 12.85%
- 10Y*
- 12.56%
SPYY.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.54%
- 6M
- 12.75%
- 1Y
- 26.58%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPYQ.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPYQ.DE and SPYY.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 | 0.70 |
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 | 0.75 |
The correlation between SPYQ.DE and SPYY.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYQ.DE vs. SPYY.DE — Risk / Return Rank
SPYQ.DE
SPYY.DE
SPYQ.DE vs. SPYY.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 UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.44 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | 4.10 | -2.91 |
| Martin ratioReturn relative to average drawdown | 4.36 | 16.60 | -12.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYQ.DE | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.32 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.88 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.82 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.83 | -0.23 |
Drawdowns
SPYQ.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and SPYY.DE.
Loading charts...
Drawdown Indicators
| SPYQ.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -33.49% | -7.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -6.49% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -21.27% | +2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -21.27% | -7.93% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -33.49% | -7.95% |
Current DrawdownCurrent decline from peak | -2.67% | -0.61% | -2.06% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -4.39% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.61% | +1.97% |
Volatility
SPYQ.DE vs. SPYY.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.29% compared to SPDR MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYQ.DE | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.05% | +3.24% |
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% | 11.47% | +8.23% |
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% | 15.07% | +4.53% |
SPYQ.DE vs. SPYY.DE - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPYQ.DE vs. SPYY.DE - Dividend Comparison
Neither SPYQ.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and SPYY.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, 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 0.40% for SPYY.DE.
SPYQ.DE is categorized as Industrials Equities, while SPYY.DE is Global Equities. SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.18% for SPYQ.DE and 0.40% for SPYY.DE.
Find the right allocation for SPYQ.DE and SPYY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer