SPYT.DE vs. AIPI

Last updated Jun 5, 2026

SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and AIPI (REX AI Equity Premium Income ETF) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped, while AIPI is a Derivative Income fund actively managed by REX. SPYT.DE is passively managed, while AIPI is actively managed. Over the past year, SPYT.DE returned -7.75% vs 27.66% for AIPI. At a 0.11 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.65%/yr for AIPI.

Performance

SPYT.DE vs. AIPI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) and REX AI Equity Premium Income ETF (AIPI). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPYT.DE is traded in EUR, while AIPI is traded in USD. To make them comparable, the AIPI values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPYT.DE achieves a 3.11% return, which is significantly lower than AIPI's 12.23% return.

SPYT.DE

• 1D: -0.08%
• 1M: 2.62%
• YTD: 3.11%
• 6M: 5.27%
• 1Y: -7.75%
• 3Y*: 10.29%
• 5Y*: 5.43%
• 10Y*: 1.47%

AIPI

• 1D: 0.12%
• 1M: 9.89%
• YTD: 12.23%
• 6M: 10.21%
• 1Y: 27.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYT.DE vs. AIPI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF	3.11%	7.33%	5.42%
AIPI REX AI Equity Premium Income ETF	12.23%	2.57%	21.20%

Correlation

The correlation between SPYT.DE and AIPI is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.11

Return for Risk

SPYT.DE vs. AIPI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYT.DE

SPYT.DE Risk / Return Rank: 4
SPYT.DE Sharpe Ratio Rank: 4
SPYT.DE Sortino Ratio Rank: 4
SPYT.DE Omega Ratio Rank: 4
SPYT.DE Calmar Ratio Rank: 5
SPYT.DE Martin Ratio Rank: 5

AIPI

AIPI Risk / Return Rank: 50
AIPI Sharpe Ratio Rank: 56
AIPI Sortino Ratio Rank: 51
AIPI Omega Ratio Rank: 56
AIPI Calmar Ratio Rank: 43
AIPI Martin Ratio Rank: 41

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYT.DE vs. AIPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) and REX AI Equity Premium Income ETF (AIPI). 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.

	SPYT.DE	AIPI	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	1.69	-2.26
Sortino ratio: Return per unit of downside risk	-0.74	2.19	-2.92
Omega ratio: Gain probability vs. loss probability	0.92	1.29	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.52	1.98	-2.50
Martin ratio: Return relative to average drawdown	-0.97	4.94	-5.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYT.DE vs. AIPI - Sharpe Ratio Comparison

The current SPYT.DE Sharpe Ratio is -0.58, which is lower than the AIPI Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SPYT.DE and AIPI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYT.DE	AIPI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	1.69	-2.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.80	-0.57

Drawdowns

SPYT.DE vs. AIPI - Drawdown Comparison

The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than AIPI's maximum drawdown of -29.38%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and AIPI.

Drawdown Indicators

	SPYT.DE	AIPI	Difference
Max Drawdown Largest peak-to-trough decline	-49.63%	-29.38%	-20.25%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-14.01%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.09%	—	—
Current Drawdown Current decline from peak	-8.46%	-0.41%	-8.05%
Average Drawdown Average peak-to-trough decline	-18.83%	-7.44%	-11.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.65%	5.61%	+2.04%

Volatility

SPYT.DE vs. AIPI - Volatility Comparison

SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a higher volatility of 4.21% compared to REX AI Equity Premium Income ETF (AIPI) at 2.82%. This indicates that SPYT.DE's price experiences larger fluctuations and is considered to be riskier than AIPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYT.DE	AIPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	2.82%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	12.66%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.45%	16.47%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.48%	22.74%	-9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	22.74%	-7.07%

SPYT.DE vs. AIPI - Expense Ratio Comparison

SPYT.DE has a 0.18% expense ratio, which is lower than AIPI's 0.65% expense ratio.

Dividends

SPYT.DE vs. AIPI - Dividend Comparison

SPYT.DE has not paid dividends to shareholders, while AIPI's dividend yield for the trailing twelve months is around 34.72%.

Position	TTM	2025	2024
AIPI REX AI Equity Premium Income ETF	34.72%	37.84%	18.13%
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPYT.DE and AIPI in my portfolio?

SPYT.DE and AIPI have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYT.DE or AIPI?

On fees, SPYT.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYT.DE or AIPI?

SPYT.DE is cheaper with a 0.18% expense ratio, compared with 0.65% for AIPI.

What is the main difference between SPYT.DE and AIPI?

SPYT.DE is categorized as Communications Equities, while AIPI is Derivative Income. They also come from different issuers: State Street and REX. Their fees differ too: 0.18% for SPYT.DE and 0.65% for AIPI.