SPYU.DE vs. SPYY.DE
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, SPYU.DE returned 10.70%/yr vs 12.40%/yr for SPYY.DE. At a 0.45 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPYU.DE vs. SPYY.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 SPYY.DE slightly lower at 12.54%. Over the past 10 years, SPYU.DE has underperformed SPYY.DE with an annualized return of 10.70%, while SPYY.DE has yielded a comparatively higher 12.40% annualized return.
SPYU.DE
- 1D
- -0.28%
- 1M
- -3.21%
- YTD
- 13.06%
- 6M
- 14.80%
- 1Y
- 27.08%
- 3Y*
- 16.61%
- 5Y*
- 11.82%
- 10Y*
- 10.70%
SPYY.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.54%
- 6M
- 12.75%
- 1Y
- 26.58%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPYU.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between SPYU.DE and SPYY.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
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 May 14, 2013 | 0.45 |
Over the past year, the correlation between SPYU.DE and SPYY.DE has dropped to 0.20 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
SPYU.DE vs. SPYY.DE — Risk / Return Rank
SPYU.DE
SPYY.DE
SPYU.DE vs. SPYY.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 MSCI ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 4.10 | -0.51 |
| Martin ratioReturn relative to average drawdown | 10.13 | 16.60 | -6.47 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 2.32 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.88 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.82 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.83 | -0.25 |
Drawdowns
SPYU.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, roughly equal to the maximum SPYY.DE drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and SPYY.DE.
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Drawdown Indicators
| SPYU.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -33.49% | +0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -6.49% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -21.27% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -21.27% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -33.49% | +0.51% |
Current DrawdownCurrent decline from peak | -5.24% | -0.61% | -4.63% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -4.39% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.61% | +1.02% |
Volatility
SPYU.DE vs. SPYY.DE - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a higher volatility of 5.85% compared to SPDR MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that SPYU.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 3.05% | +2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 8.21% | +4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 11.47% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 13.90% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 15.07% | +1.98% |
SPYU.DE vs. SPYY.DE - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPYU.DE vs. SPYY.DE - Dividend Comparison
Neither SPYU.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYU.DE and SPYY.DE have a correlation of 0.20, 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 0.40% for SPYY.DE.
SPYU.DE is categorized as Utilities Equities, while SPYY.DE is Global Equities. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.18% for SPYU.DE and 0.40% for SPYY.DE.
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