SPYT.DE vs. SPYY.DE
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 20/35 Capped, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPYT.DE returned 1.47%/yr vs 12.40%/yr for SPYY.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPYT.DE charges 0.18%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPYT.DE vs. SPYY.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 SPYY.DE's 12.54% return. Over the past 10 years, SPYT.DE has underperformed SPYY.DE with an annualized return of 1.47%, while SPYY.DE has yielded a comparatively higher 12.40% 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%
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPYT.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPYT.DE and SPYY.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.57 |
Over the past year, the correlation between SPYT.DE and SPYY.DE has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
SPYT.DE vs. SPYY.DE — Risk / Return Rank
SPYT.DE
SPYY.DE
SPYT.DE vs. SPYY.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 ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.44 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 4.10 | -4.62 |
| Martin ratioReturn relative to average drawdown | -0.97 | 16.60 | -17.57 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 2.32 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.88 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.82 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.83 | -0.60 |
Drawdowns
SPYT.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and SPYY.DE.
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Drawdown Indicators
| SPYT.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -33.49% | -16.14% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -6.49% | -8.49% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -21.27% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -21.27% | +0.92% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | -33.49% | -6.60% |
Current DrawdownCurrent decline from peak | -8.46% | -0.61% | -7.85% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -4.39% | -14.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 1.61% | +6.04% |
Volatility
SPYT.DE vs. SPYY.DE - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a higher volatility of 4.21% compared to SPDR MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that SPYT.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.05% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 8.21% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 11.47% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 13.90% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 15.07% | +0.60% |
SPYT.DE vs. SPYY.DE - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPYT.DE vs. SPYY.DE - Dividend Comparison
Neither SPYT.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYT.DE and SPYY.DE have a correlation of 0.29, 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 0.40% for SPYY.DE.
SPYT.DE is categorized as Communications Equities, while SPYY.DE is Global Equities. SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.18% for SPYT.DE and 0.40% for SPYY.DE.
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