SPYR.DE vs. EXH3.DE
SPYR.DE (SPDR MSCI Europe Consumer Discretionary UCITS ETF) and EXH3.DE (iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE)) are both Consumer Staples Equities funds - SPYR.DE tracks the MSCI Europe Consumer Discretionary 20/35 Capped while EXH3.DE tracks the STOXX® Europe 600 Food & Beverage. Both are passively managed. Over the past 10 years, SPYR.DE returned 5.65%/yr vs 1.85%/yr for EXH3.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPYR.DE charges 0.18%/yr vs 0.46%/yr for EXH3.DE.
Performance
SPYR.DE vs. EXH3.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYR.DE achieves a -7.68% return, which is significantly lower than EXH3.DE's 7.44% return. Over the past 10 years, SPYR.DE has outperformed EXH3.DE with an annualized return of 5.65%, while EXH3.DE has yielded a comparatively lower 1.85% annualized return.
SPYR.DE
- 1D
- 2.54%
- 1M
- -0.96%
- 6M
- -7.58%
- YTD
- -7.68%
- 1Y
- -0.60%
- 3Y*
- -3.18%
- 5Y*
- -0.23%
- 10Y*
- 5.65%
EXH3.DE
- 1D
- -1.03%
- 1M
- 3.25%
- 6M
- 7.14%
- YTD
- 7.44%
- 1Y
- 5.34%
- 3Y*
- -3.08%
- 5Y*
- -2.35%
- 10Y*
- 1.85%
SPYR.DE vs. EXH3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYR.DE SPDR MSCI Europe Consumer Discretionary UCITS ETF | -7.68% | 2.47% | 3.29% | 15.35% | -15.95% | 21.86% | 5.93% | 35.34% | -15.45% | 10.29% |
EXH3.DE iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | 7.44% | 0.44% | -10.82% | -2.05% | -13.20% | 22.57% | -6.15% | 29.56% | -7.32% | 12.78% |
Correlation
The correlation between SPYR.DE and EXH3.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.57 |
The correlation between SPYR.DE and EXH3.DE shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYR.DE vs. EXH3.DE — Risk / Return Rank
SPYR.DE
EXH3.DE
SPYR.DE vs. EXH3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Consumer Discretionary UCITS ETF (SPYR.DE) and iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) (EXH3.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYR.DE | EXH3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.42 | -0.45 |
| Martin ratioReturn relative to average drawdown | -0.06 | 0.94 | -1.00 |
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Drawdowns
SPYR.DE vs. EXH3.DE - Drawdown Comparison
The maximum SPYR.DE drawdown since its inception was -41.59%, roughly equal to the maximum EXH3.DE drawdown of -39.85%. Use the drawdown chart below to compare losses from any high point for SPYR.DE and EXH3.DE.
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Drawdown Indicators
| SPYR.DE | EXH3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.59% | -39.85% | -1.74% |
Max Drawdown (1Y)Largest decline over 1 year | -20.59% | -12.77% | -7.82% |
Max Drawdown (3Y)Largest decline over 3 years | -26.58% | -21.11% | -5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -29.92% | -28.68% | -1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | -30.20% | -11.39% |
Current DrawdownCurrent decline from peak | -15.70% | -19.52% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -8.98% | +0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 5.69% | +3.57% |
Volatility
SPYR.DE vs. EXH3.DE - Volatility Comparison
SPDR MSCI Europe Consumer Discretionary UCITS ETF (SPYR.DE) and iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) (EXH3.DE) have volatilities of 5.39% and 5.58%, 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
| SPYR.DE | EXH3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.58% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 16.16% | 12.50% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 15.91% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 14.28% | +6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 14.40% | +6.08% |
SPYR.DE vs. EXH3.DE - Expense Ratio Comparison
SPYR.DE has a 0.18% expense ratio, which is lower than EXH3.DE's 0.46% expense ratio.
Dividends
SPYR.DE vs. EXH3.DE - Dividend Comparison
SPYR.DE has not paid dividends to shareholders, while EXH3.DE's dividend yield for the trailing twelve months is around 0.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXH3.DE iShares STOXX Europe 600 Food & Beverage UCITS ETF (DE) | 0.75% | 2.10% | 2.16% | 1.70% | 1.56% | 0.88% | 1.45% | 1.46% | 1.70% | 2.08% | 2.45% | 2.52% |
SPYR.DE SPDR MSCI Europe Consumer Discretionary UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYR.DE and EXH3.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYR.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYR.DE is cheaper with a 0.18% expense ratio, compared with 0.46% for EXH3.DE.
SPYR.DE tracks MSCI Europe Consumer Discretionary 20/35 Capped, while EXH3.DE tracks STOXX® Europe 600 Food & Beverage. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYR.DE and 0.46% for EXH3.DE.
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