SPYU.DE vs. CPXJ.L
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and CPXJ.L (iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while CPXJ.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 10 years, SPYU.DE returned 10.68%/yr vs 7.56%/yr for CPXJ.L. At a 0.42 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.20%/yr for CPXJ.L.
Performance
SPYU.DE vs. CPXJ.L - Performance Comparison
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Different Trading Currencies
SPYU.DE is traded in EUR, while CPXJ.L is traded in USD. To make them comparable, the CPXJ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYU.DE achieves a 15.06% return, which is significantly higher than CPXJ.L's 10.29% return. Over the past 10 years, SPYU.DE has outperformed CPXJ.L with an annualized return of 10.68%, while CPXJ.L has yielded a comparatively lower 7.56% annualized return.
SPYU.DE
- 1D
- 0.29%
- 1M
- -0.12%
- YTD
- 15.06%
- 6M
- 15.66%
- 1Y
- 27.66%
- 3Y*
- 16.66%
- 5Y*
- 12.05%
- 10Y*
- 10.68%
CPXJ.L
- 1D
- -0.59%
- 1M
- 0.39%
- YTD
- 10.29%
- 6M
- 10.95%
- 1Y
- 17.00%
- 3Y*
- 10.04%
- 5Y*
- 6.03%
- 10Y*
- 7.56%
SPYU.DE vs. CPXJ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 15.06% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 2.41% | 9.05% |
CPXJ.L iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc | 10.29% | 5.81% | 12.31% | 2.70% | -0.16% | 12.07% | -2.00% | 20.74% | -6.53% | 10.59% |
Correlation
The correlation between SPYU.DE and CPXJ.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.42 |
The correlation between SPYU.DE and CPXJ.L shifts across timeframes, from 0.27 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYU.DE vs. CPXJ.L — Risk / Return Rank
SPYU.DE
CPXJ.L
SPYU.DE vs. CPXJ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYU.DE | CPXJ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 2.82 | +0.96 |
| Martin ratioReturn relative to average drawdown | 10.22 | 7.90 | +2.32 |
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Drawdowns
SPYU.DE vs. CPXJ.L - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, smaller than the maximum CPXJ.L drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and CPXJ.L.
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Drawdown Indicators
| SPYU.DE | CPXJ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -36.85% | +3.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -6.00% | -1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -20.19% | +6.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -20.19% | -2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -36.85% | +3.87% |
Current DrawdownCurrent decline from peak | -3.55% | -1.85% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -6.60% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.15% | +0.61% |
Volatility
SPYU.DE vs. CPXJ.L - Volatility Comparison
The current volatility for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) is 3.35%, while iShares VII plc - iShares Core MSCI Pac ex-Jpn ETF USD Acc (CPXJ.L) has a volatility of 4.62%. This indicates that SPYU.DE experiences smaller price fluctuations and is considered to be less risky than CPXJ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYU.DE | CPXJ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 4.62% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 10.30% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 12.89% | +2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 15.66% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 17.36% | -0.23% |
SPYU.DE vs. CPXJ.L - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is lower than CPXJ.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYU.DE vs. CPXJ.L - Dividend Comparison
Neither SPYU.DE nor CPXJ.L has paid dividends to shareholders.
Frequently Asked Questions
SPYU.DE and CPXJ.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYU.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for CPXJ.L.
SPYU.DE is categorized as Utilities Equities, while CPXJ.L is Asia Pacific Equities. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while CPXJ.L tracks MSCI Pacific Ex Japan NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYU.DE and 0.20% for CPXJ.L.
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