SPYU.DE vs. SPYG
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. Both are passively managed. Over the past 10 years, SPYU.DE returned 11.94%/yr vs 17.87%/yr for SPYG. At a 0.26 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.04%/yr for SPYG.
Performance
SPYU.DE vs. SPYG - Performance Comparison
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Different Trading Currencies
SPYU.DE is traded in EUR, while SPYG is traded in USD. To make them comparable, the SPYG 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 SPYG's 12.19% return. Over the past 10 years, SPYU.DE has underperformed SPYG with an annualized return of 11.94%, while SPYG has yielded a comparatively higher 17.87% annualized 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%
SPYG
- 1D
- -0.01%
- 1M
- -1.16%
- YTD
- 12.19%
- 6M
- 10.92%
- 1Y
- 27.58%
- 3Y*
- 24.06%
- 5Y*
- 15.20%
- 10Y*
- 17.87%
SPYU.DE vs. SPYG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 17.45% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 2.41% | 9.05% |
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 12.19% | 7.60% | 44.97% | 26.13% | -25.04% | 41.89% | 22.46% | 33.80% | 4.57% | 11.60% |
Correlation
The correlation between SPYU.DE and SPYG is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.26 |
Over the past year, the correlation between SPYU.DE and SPYG has dropped to 0.01 - well below their long-term average of 0.26, suggesting their price drivers have been diverging.
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Return for Risk
SPYU.DE vs. SPYG — Risk / Return Rank
SPYU.DE
SPYG
SPYU.DE vs. SPYG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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 | SPYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 2.18 | +1.80 |
| Martin ratioReturn relative to average drawdown | 10.69 | 7.48 | +3.21 |
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Drawdowns
SPYU.DE vs. SPYG - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, smaller than the maximum SPYG drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and SPYG.
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Drawdown Indicators
| SPYU.DE | SPYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -45.25% | +12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -12.70% | +5.27% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -27.05% | +13.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -27.05% | +4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -30.75% | -2.23% |
Current DrawdownCurrent decline from peak | -1.55% | -3.42% | +1.87% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -7.59% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.70% | -0.93% |
Volatility
SPYU.DE vs. SPYG - Volatility Comparison
The current volatility for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) is 3.15%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 6.35%. This indicates that SPYU.DE experiences smaller price fluctuations and is considered to be less risky than SPYG 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 | SPYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 6.35% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 12.77% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.03% | 17.02% | -1.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 21.06% | -5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 21.10% | -4.16% |
SPYU.DE vs. SPYG - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is higher than SPYG's 0.04% 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. SPYG - Dividend Comparison
SPYU.DE has not paid dividends to shareholders, while SPYG's dividend yield for the trailing twelve months is around 0.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYG State Street SPDR Portfolio S&P 500 Growth ETF | 0.50% | 0.52% | 0.60% | 1.15% | 1.03% | 0.62% | 0.90% | 1.37% | 1.51% | 1.41% | 1.55% | 1.57% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SPYU.DE and SPYG have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG is cheaper with a 0.04% expense ratio, compared with 0.18% for SPYU.DE.
SPYU.DE is categorized as Utilities Equities, while SPYG is S&P 500. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while SPYG tracks S&P 500 Growth Index. Their fees differ too: 0.18% for SPYU.DE and 0.04% for SPYG.
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