SPYT.DE vs. SPYL.DE
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SPYT.DE returned -8.46% vs 25.56% for SPYL.DE. At a 0.25 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.03%/yr for SPYL.DE.
Performance
SPYT.DE vs. SPYL.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 SPYL.DE's 11.37% return.
SPYT.DE
- 1D
- -0.08%
- 1M
- 1.71%
- YTD
- 3.11%
- 6M
- 4.73%
- 1Y
- -8.46%
- 3Y*
- 10.29%
- 5Y*
- 5.43%
- 10Y*
- 1.47%
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYT.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 6.83% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between SPYT.DE and SPYL.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.25 |
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Return for Risk
SPYT.DE vs. SPYL.DE — Risk / Return Rank
SPYT.DE
SPYL.DE
SPYT.DE vs. SPYL.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 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.79 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.41 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.58 | -4.09 |
| Martin ratioReturn relative to average drawdown | -0.97 | 12.72 | -13.69 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 2.21 | -2.79 |
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 | 1.54 | -1.31 |
Drawdowns
SPYT.DE vs. SPYL.DE - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and SPYL.DE.
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Drawdown Indicators
| SPYT.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -23.27% | -26.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -7.13% | -7.52% |
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 | -40.06% | — | — |
Current DrawdownCurrent decline from peak | -8.46% | -0.46% | -8.00% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -3.24% | -15.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 2.01% | +5.64% |
Volatility
SPYT.DE vs. SPYL.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 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that SPYT.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.66% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 7.57% | +2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 11.52% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 14.61% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 14.61% | +1.06% |
SPYT.DE vs. SPYL.DE - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is higher than SPYL.DE's 0.03% 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. SPYL.DE - Dividend Comparison
Neither SPYT.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYT.DE and SPYL.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.18% for SPYT.DE.
SPYT.DE is categorized as Communications Equities, while SPYL.DE is S&P 500. SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.18% for SPYT.DE and 0.03% for SPYL.DE.
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