SPYU.DE vs. LUTL.DE
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and LUTL.DE (Lyxor STOXX Europe 600 Utilities UCITS ETF Dist) are both Utilities Equities funds - SPYU.DE tracks the MSCI Europe Utilities 20/35 Capped while LUTL.DE tracks the STOXX® Europe 600 Utilities. Both are passively managed. Over the past 10 years, SPYU.DE returned 10.70%/yr vs 10.19%/yr for LUTL.DE. With a 0.98 correlation, they move nearly in lockstep. SPYU.DE charges 0.18%/yr vs 0.30%/yr for LUTL.DE.
Performance
SPYU.DE vs. LUTL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPYU.DE having a 13.06% return and LUTL.DE slightly lower at 12.51%. Both investments have delivered pretty close results over the past 10 years, with SPYU.DE having a 10.70% annualized return and LUTL.DE not far behind at 10.19%.
SPYU.DE
- 1D
- -0.28%
- 1M
- -3.02%
- YTD
- 13.06%
- 6M
- 14.07%
- 1Y
- 26.75%
- 3Y*
- 16.61%
- 5Y*
- 11.82%
- 10Y*
- 10.70%
LUTL.DE
- 1D
- -0.22%
- 1M
- -3.04%
- YTD
- 12.51%
- 6M
- 13.83%
- 1Y
- 26.12%
- 3Y*
- 15.07%
- 5Y*
- 10.91%
- 10Y*
- 10.19%
SPYU.DE vs. LUTL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 13.06% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 2.41% | 9.05% |
LUTL.DE Lyxor STOXX Europe 600 Utilities UCITS ETF Dist | 12.51% | 33.57% | 1.46% | 9.30% | -7.79% | 8.97% | 11.03% | 31.22% | 1.42% | 9.63% |
Correlation
The correlation between SPYU.DE and LUTL.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.98 |
The correlation between SPYU.DE and LUTL.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
SPYU.DE vs. LUTL.DE — Risk / Return Rank
SPYU.DE
LUTL.DE
SPYU.DE vs. LUTL.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 Lyxor STOXX Europe 600 Utilities UCITS ETF Dist (LUTL.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.
| SPYU.DE | LUTL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 3.57 | +0.02 |
| Martin ratioReturn relative to average drawdown | 10.13 | 9.96 | +0.17 |
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
| SPYU.DE | LUTL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.75 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.67 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.60 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.30 | +0.27 |
Drawdowns
SPYU.DE vs. LUTL.DE - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, smaller than the maximum LUTL.DE drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and LUTL.DE.
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Drawdown Indicators
| SPYU.DE | LUTL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -36.55% | +3.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -7.29% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -13.84% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -22.70% | +0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -33.03% | +0.05% |
Current DrawdownCurrent decline from peak | -5.24% | -5.26% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -9.76% | +4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.62% | +0.01% |
Volatility
SPYU.DE vs. LUTL.DE - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and Lyxor STOXX Europe 600 Utilities UCITS ETF Dist (LUTL.DE) have volatilities of 5.85% and 5.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYU.DE | LUTL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 5.83% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 12.85% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 14.86% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 16.19% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 17.13% | -0.08% |
SPYU.DE vs. LUTL.DE - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is lower than LUTL.DE's 0.30% expense ratio.
Dividends
SPYU.DE vs. LUTL.DE - Dividend Comparison
SPYU.DE has not paid dividends to shareholders, while LUTL.DE's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LUTL.DE Lyxor STOXX Europe 600 Utilities UCITS ETF Dist | 3.42% | 3.85% | 5.40% | 0.00% | 4.30% | 3.61% | 3.16% | 3.63% | 4.15% | 0.52% |
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, SPYU.DE and LUTL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 LUTL.DE.
SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while LUTL.DE tracks STOXX® Europe 600 Utilities. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for SPYU.DE and 0.30% for LUTL.DE.
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