SPYU.DE vs. NANC
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and NANC (Unusual Whales Subversive Democratic Trading ETF) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while NANC is a Large Cap Blend Equities fund actively managed by Subversive. SPYU.DE is passively managed, while NANC is actively managed. Over the past 3 years, SPYU.DE returned 18.17%/yr vs 21.04%/yr for NANC. At a 0.02 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.72%/yr for NANC.
Performance
SPYU.DE vs. NANC - Performance Comparison
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Different Trading Currencies
SPYU.DE is traded in EUR, while NANC is traded in USD. To make them comparable, the NANC 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 17.45% return, which is significantly higher than NANC's 11.67% return.
SPYU.DE
- 1D
- 1.76%
- 1M
- 0.96%
- YTD
- 17.45%
- 6M
- 18.51%
- 1Y
- 29.73%
- 3Y*
- 18.17%
- 5Y*
- 12.74%
- 10Y*
- 11.94%
NANC
- 1D
- 0.58%
- 1M
- 2.47%
- YTD
- 11.67%
- 6M
- 10.64%
- 1Y
- 23.53%
- 3Y*
- 21.04%
- 5Y*
- —
- 10Y*
- —
SPYU.DE vs. NANC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 17.45% | 34.39% | 0.99% | 10.16% |
NANC Unusual Whales Subversive Democratic Trading ETF | 11.67% | 4.47% | 35.20% | 19.37% |
Correlation
The correlation between SPYU.DE and NANC is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2023 | 0.02 |
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Return for Risk
SPYU.DE vs. NANC — Risk / Return Rank
SPYU.DE
NANC
SPYU.DE vs. NANC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and Unusual Whales Subversive Democratic Trading ETF (NANC). 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 | NANC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.06 | +1.93 |
| Martin ratioReturn relative to average drawdown | 10.69 | 6.84 | +3.85 |
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Drawdowns
SPYU.DE vs. NANC - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, which is greater than NANC's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and NANC.
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Drawdown Indicators
| SPYU.DE | NANC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -26.18% | -6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -11.48% | +4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -26.18% | +12.74% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | — | — |
Current DrawdownCurrent decline from peak | -1.55% | -0.42% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -3.86% | -3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.45% | -0.68% |
Volatility
SPYU.DE vs. NANC - Volatility Comparison
The current volatility for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) is 3.15%, while Unusual Whales Subversive Democratic Trading ETF (NANC) has a volatility of 4.97%. This indicates that SPYU.DE experiences smaller price fluctuations and is considered to be less risky than NANC 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 | NANC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 4.97% | -1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 10.79% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 14.43% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 17.71% | -1.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 17.71% | -0.77% |
SPYU.DE vs. NANC - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is lower than NANC's 0.72% expense ratio.
Dividends
SPYU.DE vs. NANC - Dividend Comparison
SPYU.DE has not paid dividends to shareholders, while NANC's dividend yield for the trailing twelve months is around 0.19%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NANC Unusual Whales Subversive Democratic Trading ETF | 0.19% | 0.21% | 0.20% | 0.94% |
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYU.DE and NANC have a correlation of 0.02, 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 0.72% for NANC.
SPYU.DE is categorized as Utilities Equities, while NANC is Large Cap Blend Equities. They also come from different issuers: State Street and Subversive. Their fees differ too: 0.18% for SPYU.DE and 0.72% for NANC.
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