SPYT.DE vs. SPYI
Compare and contrast key facts about SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) and NEOS S&P 500 High Income ETF (SPYI).
SPYT.DE and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYT.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Communication Services 20/35 Capped. It was launched on Dec 5, 2014. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPYT.DE or SPYI.
Key characteristics
| SPYT.DE | SPYI | |
|---|---|---|
| YTD Return | 14.10% | 20.35% |
| 1Y Return | 18.08% | 24.15% |
| Sharpe Ratio | 1.86 | 2.73 |
| Sortino Ratio | 2.53 | 3.65 |
| Omega Ratio | 1.33 | 1.59 |
| Calmar Ratio | 0.68 | 3.78 |
| Martin Ratio | 10.18 | 19.00 |
| Ulcer Index | 1.76% | 1.32% |
| Daily Std Dev | 9.59% | 9.14% |
| Max Drawdown | -49.63% | -10.19% |
| Current Drawdown | -13.21% | -0.04% |
Correlation
The correlation between SPYT.DE and SPYI is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SPYT.DE vs. SPYI - Performance Comparison
In the year-to-date period, SPYT.DE achieves a 14.10% return, which is significantly lower than SPYI's 20.35% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SPYT.DE vs. SPYI - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
SPYT.DE vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) and NEOS S&P 500 High Income ETF (SPYI). 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.
Dividends
SPYT.DE vs. SPYI - Dividend Comparison
SPYT.DE has not paid dividends to shareholders, while SPYI's dividend yield for the trailing twelve months is around 11.53%.
| TTM | 2023 | 2022 | |
|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 0.00% | 0.00% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 11.53% | 12.01% | 4.10% |
Drawdowns
SPYT.DE vs. SPYI - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and SPYI. For additional features, visit the drawdowns tool.
Volatility
SPYT.DE vs. SPYI - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a higher volatility of 4.38% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.59%. This indicates that SPYT.DE's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.