SPYT.DE vs. SPYX.DE
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and SPYX.DE (SPDR MSCI Emerging Markets Small Cap UCITS ETF) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped, while SPYX.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Small Cap. Both are passively managed. Over the past 10 years, SPYT.DE returned 1.47%/yr vs 9.22%/yr for SPYX.DE. At a 0.47 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.55%/yr for SPYX.DE.
Performance
SPYT.DE vs. SPYX.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 SPYX.DE's 17.87% return. Over the past 10 years, SPYT.DE has underperformed SPYX.DE with an annualized return of 1.47%, while SPYX.DE has yielded a comparatively higher 9.22% annualized 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%
SPYX.DE
- 1D
- 0.12%
- 1M
- 0.89%
- YTD
- 17.87%
- 6M
- 17.31%
- 1Y
- 27.59%
- 3Y*
- 14.36%
- 5Y*
- 8.43%
- 10Y*
- 9.22%
SPYT.DE vs. SPYX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 14.90% | -11.90% | 13.68% | -12.90% | 5.78% | -9.57% | 2.27% |
SPYX.DE SPDR MSCI Emerging Markets Small Cap UCITS ETF | 17.87% | 6.29% | 8.50% | 18.50% | -11.19% | 25.16% | 9.05% | 12.87% | -14.74% | 18.63% |
Correlation
The correlation between SPYT.DE and SPYX.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.47 |
Over the past year, the correlation between SPYT.DE and SPYX.DE has dropped to 0.16 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
SPYT.DE vs. SPYX.DE — Risk / Return Rank
SPYT.DE
SPYX.DE
SPYT.DE vs. SPYX.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 SPDR MSCI Emerging Markets Small Cap UCITS ETF (SPYX.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 | SPYX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.28 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.77 | -3.29 |
| Martin ratioReturn relative to average drawdown | -0.97 | 9.22 | -10.19 |
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 | SPYX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 1.60 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.56 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.54 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.37 | -0.14 |
Drawdowns
SPYT.DE vs. SPYX.DE - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than SPYX.DE's maximum drawdown of -41.12%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and SPYX.DE.
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Drawdown Indicators
| SPYT.DE | SPYX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -41.12% | -8.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -9.90% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -22.71% | +7.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -22.71% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | -41.12% | +1.03% |
Current DrawdownCurrent decline from peak | -8.46% | -1.63% | -6.83% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -8.26% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 2.99% | +4.66% |
Volatility
SPYT.DE vs. SPYX.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) is 4.21%, while SPDR MSCI Emerging Markets Small Cap UCITS ETF (SPYX.DE) has a volatility of 7.12%. This indicates that SPYT.DE experiences smaller price fluctuations and is considered to be less risky than SPYX.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 | SPYX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 7.12% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 14.24% | -3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 17.22% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 14.85% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 16.85% | -1.18% |
SPYT.DE vs. SPYX.DE - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is lower than SPYX.DE's 0.55% expense ratio.
Dividends
SPYT.DE vs. SPYX.DE - Dividend Comparison
Neither SPYT.DE nor SPYX.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYT.DE and SPYX.DE have a correlation of 0.16, 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 0.55% for SPYX.DE.
SPYT.DE is categorized as Communications Equities, while SPYX.DE is Emerging Markets Equities. SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped, while SPYX.DE tracks MSCI Emerging Markets Small Cap. Their fees differ too: 0.18% for SPYT.DE and 0.55% for SPYX.DE.
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