SPYU.DE vs. SPPE.DE
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while SPPE.DE is a S&P 500 fund tracking the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, SPYU.DE returned 12.69%/yr vs 10.43%/yr for SPPE.DE. At a 0.36 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.12%/yr for SPPE.DE.
Performance
SPYU.DE vs. SPPE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYU.DE achieves a 19.21% return, which is significantly higher than SPPE.DE's 8.72% return.
SPYU.DE
- 1D
- -0.60%
- 1M
- 3.65%
- 6M
- 14.83%
- YTD
- 19.21%
- 1Y
- 33.28%
- 3Y*
- 18.71%
- 5Y*
- 12.69%
- 10Y*
- 10.86%
SPPE.DE
- 1D
- 0.16%
- 1M
- -0.16%
- 6M
- 8.72%
- YTD
- 8.72%
- 1Y
- 19.03%
- 3Y*
- 17.60%
- 5Y*
- 10.43%
- 10Y*
- —
SPYU.DE vs. SPPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 19.21% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 3.15% |
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 8.72% | 15.32% | 23.27% | 23.16% | -21.71% | 28.53% | 15.02% | 27.80% | -8.05% |
Correlation
The correlation between SPYU.DE and SPPE.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2018 | 0.36 |
Over the past year, the correlation between SPYU.DE and SPPE.DE has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
SPYU.DE vs. SPPE.DE — Risk / Return Rank
SPYU.DE
SPPE.DE
SPYU.DE vs. SPPE.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 SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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 | SPPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.46 | 2.18 | +2.28 |
| Martin ratioReturn relative to average drawdown | 12.02 | 8.79 | +3.24 |
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Drawdowns
SPYU.DE vs. SPPE.DE - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, roughly equal to the maximum SPPE.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and SPPE.DE.
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Drawdown Indicators
| SPYU.DE | SPPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -34.33% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -8.68% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -18.40% | +5.47% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -26.10% | +3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.87% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -5.76% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.16% | +0.60% |
Volatility
SPYU.DE vs. SPPE.DE - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a higher volatility of 4.32% compared to SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) at 2.76%. This indicates that SPYU.DE's price experiences larger fluctuations and is considered to be riskier than SPPE.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 | SPPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 2.76% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 13.20% | 9.24% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 12.11% | +3.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 16.06% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 17.59% | -0.73% |
SPYU.DE vs. SPPE.DE - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is higher than SPPE.DE's 0.12% expense ratio. However, 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. SPPE.DE - Dividend Comparison
Neither SPYU.DE nor SPPE.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYU.DE and SPPE.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPE.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for SPYU.DE.
SPYU.DE is categorized as Utilities Equities, while SPPE.DE is S&P 500. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. Their fees differ too: 0.18% for SPYU.DE and 0.12% for SPPE.DE.
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