SPYT.DE vs. SPPY.DE
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SPYT.DE returned 5.43%/yr vs 15.63%/yr for SPPY.DE. At a 0.48 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.10%/yr for SPPY.DE.
Performance
SPYT.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYT.DE achieves a 3.11% return, which is significantly lower than SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
SPYT.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 14.90% | -11.90% | 13.68% | -12.90% | 1.68% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between SPYT.DE and SPPY.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.48 |
Over the past year, the correlation between SPYT.DE and SPPY.DE has dropped to 0.24 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
SPYT.DE vs. SPPY.DE — Risk / Return Rank
SPYT.DE
SPPY.DE
SPYT.DE vs. SPPY.DE - 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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
| SPYT.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.01 | ||
| Sortino ratioReturn per unit of downside risk | -4.07 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.44 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 4.21 | -4.73 |
| Martin ratioReturn relative to average drawdown | -0.97 | 16.03 | -17.00 |
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
| SPYT.DE | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 2.43 | -3.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 1.00 | -0.60 |
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 | 0.92 | -0.69 |
Drawdowns
SPYT.DE vs. SPPY.DE - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and SPPY.DE.
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Drawdown Indicators
| SPYT.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -33.31% | -16.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -6.71% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -23.82% | +8.84% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -23.82% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | — | — |
Current DrawdownCurrent decline from peak | -8.46% | 0.00% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -4.84% | -13.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 1.77% | +5.88% |
Volatility
SPYT.DE vs. SPPY.DE - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a higher volatility of 4.21% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.69%. This indicates that SPYT.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYT.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.69% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 7.79% | +2.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 11.62% | +1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 15.43% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 17.57% | -1.90% |
SPYT.DE vs. SPPY.DE - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is higher than SPPY.DE's 0.10% 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
SPYT.DE vs. SPPY.DE - Dividend Comparison
Neither SPYT.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYT.DE and SPPY.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for SPYT.DE.
SPYT.DE is categorized as Communications Equities, while SPPY.DE is S&P 500. SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.18% for SPYT.DE and 0.10% for SPPY.DE.
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