SPYU.DE vs. IS3Q.DE
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 10 years, SPYU.DE returned 10.68%/yr vs 12.23%/yr for IS3Q.DE. At a 0.46 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.30%/yr for IS3Q.DE.
Performance
SPYU.DE vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYU.DE achieves a 15.06% return, which is significantly higher than IS3Q.DE's 10.95% return. Over the past 10 years, SPYU.DE has underperformed IS3Q.DE with an annualized return of 10.68%, while IS3Q.DE has yielded a comparatively higher 12.23% 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%
IS3Q.DE
- 1D
- -0.01%
- 1M
- 2.74%
- YTD
- 10.95%
- 6M
- 11.72%
- 1Y
- 23.43%
- 3Y*
- 15.54%
- 5Y*
- 11.31%
- 10Y*
- 12.23%
SPYU.DE vs. IS3Q.DE - 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% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 10.95% | 2.80% | 23.78% | 21.69% | -14.83% | 34.27% | 4.44% | 33.94% | -3.47% | 8.34% |
Correlation
The correlation between SPYU.DE and IS3Q.DE is 0.24, 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 (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.46 |
Over the past year, the correlation between SPYU.DE and IS3Q.DE has dropped to 0.24 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
SPYU.DE vs. IS3Q.DE — Risk / Return Rank
SPYU.DE
IS3Q.DE
SPYU.DE vs. IS3Q.DE - 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 Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.73 | +0.05 |
| Martin ratioReturn relative to average drawdown | 10.22 | 15.46 | -5.24 |
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Drawdowns
SPYU.DE vs. IS3Q.DE - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, roughly equal to the maximum IS3Q.DE drawdown of -32.30%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and IS3Q.DE.
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Drawdown Indicators
| SPYU.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -32.30% | -0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -6.33% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -20.63% | +7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -20.63% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -32.30% | -0.68% |
Current DrawdownCurrent decline from peak | -3.55% | -0.13% | -3.42% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -6.25% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.53% | +1.23% |
Volatility
SPYU.DE vs. IS3Q.DE - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a higher volatility of 3.35% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.32%. This indicates that SPYU.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE 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 | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 2.32% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 7.44% | +5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 10.69% | +4.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 14.15% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 15.82% | +1.31% |
SPYU.DE vs. IS3Q.DE - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
SPYU.DE vs. IS3Q.DE - Dividend Comparison
Neither SPYU.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYU.DE and IS3Q.DE have a correlation of 0.24, 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 0.30% for IS3Q.DE.
SPYU.DE is categorized as Utilities Equities, while IS3Q.DE is Global Equities. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while IS3Q.DE tracks MSCI World Sector Neutral Quality. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYU.DE and 0.30% for IS3Q.DE.
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