SPYT.DE vs. SPYI
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and SPYI (NEOS S&P 500 High Income ETF) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped, while SPYI is a Derivative Income fund actively managed by Neos. SPYT.DE is passively managed, while SPYI is actively managed. Over the past 3 years, SPYT.DE returned 10.29%/yr vs 13.47%/yr for SPYI. At a 0.17 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.68%/yr for SPYI.
Performance
SPYT.DE vs. SPYI - Performance Comparison
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Different Trading Currencies
SPYT.DE is traded in EUR, while SPYI is traded in USD. To make them comparable, the SPYI 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 SPYI's 9.31% 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%
SPYI
- 1D
- 0.19%
- 1M
- 4.16%
- YTD
- 9.31%
- 6M
- 8.90%
- 1Y
- 21.13%
- 3Y*
- 13.47%
- 5Y*
- —
- 10Y*
- —
SPYT.DE vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 14.90% | -9.03% |
SPYI NEOS S&P 500 High Income ETF | 9.31% | 2.82% | 26.89% | 14.55% | -8.73% |
Correlation
The correlation between SPYT.DE and SPYI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2022 | 0.17 |
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Return for Risk
SPYT.DE vs. SPYI — Risk / Return Rank
SPYT.DE
SPYI
SPYT.DE vs. SPYI - 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 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.
| SPYT.DE | SPYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.39 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.65 | -4.16 |
| Martin ratioReturn relative to average drawdown | -0.97 | 14.65 | -15.62 |
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 | SPYI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 2.02 | -2.60 |
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 | 0.81 | -0.58 |
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 -21.83%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and SPYI.
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Drawdown Indicators
| SPYT.DE | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -21.83% | -27.80% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -5.82% | -9.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -21.83% | +6.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | — | — |
Current DrawdownCurrent decline from peak | -8.46% | -0.03% | -8.43% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -3.46% | -15.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 1.45% | +6.20% |
Volatility
SPYT.DE vs. SPYI - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a higher volatility of 4.21% compared to NEOS S&P 500 High Income ETF (SPYI) at 1.31%. 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.
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Volatility by Period
| SPYT.DE | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 1.31% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 7.27% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 10.51% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 13.88% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 13.88% | +1.79% |
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.
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 11.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SPYI NEOS S&P 500 High Income ETF | 11.60% | 11.70% | 12.04% | 12.01% | 4.10% |
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYT.DE and SPYI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPYT.DE is cheaper with a 0.18% expense ratio, compared with 0.68% for SPYI.
SPYT.DE is categorized as Communications Equities, while SPYI is Derivative Income. They also come from different issuers: State Street and Neos. Their fees differ too: 0.18% for SPYT.DE and 0.68% for SPYI.
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