SPYU.DE vs. UTES
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and UTES (Virtus Reaves Utilities ETF) are both Utilities Equities funds. SPYU.DE is passively managed, while UTES is actively managed. Over the past 10 years, SPYU.DE returned 10.70%/yr vs 12.26%/yr for UTES. At a 0.28 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.49%/yr for UTES.
Performance
SPYU.DE vs. UTES - Performance Comparison
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Different Trading Currencies
SPYU.DE is traded in EUR, while UTES is traded in USD. To make them comparable, the UTES 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 13.06% return, which is significantly higher than UTES's 1.56% return. Over the past 10 years, SPYU.DE has underperformed UTES with an annualized return of 10.70%, while UTES has yielded a comparatively higher 12.26% annualized return.
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%
UTES
- 1D
- 0.19%
- 1M
- -5.64%
- YTD
- 1.56%
- 6M
- -1.62%
- 1Y
- 8.12%
- 3Y*
- 19.49%
- 5Y*
- 16.81%
- 10Y*
- 12.26%
SPYU.DE vs. UTES - 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% |
UTES Virtus Reaves Utilities ETF | 1.56% | 10.79% | 54.95% | -5.38% | 7.05% | 29.77% | -8.52% | 28.31% | 10.08% | 0.18% |
Correlation
The correlation between SPYU.DE and UTES is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2015 | 0.28 |
The correlation between SPYU.DE and UTES shifts across timeframes, from 0.17 (1 year) to 0.28 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYU.DE vs. UTES — Risk / Return Rank
SPYU.DE
UTES
SPYU.DE vs. UTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and Virtus Reaves Utilities ETF (UTES). 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 | UTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.08 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 0.54 | +3.04 |
| Martin ratioReturn relative to average drawdown | 10.13 | 1.26 | +8.86 |
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 | UTES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.38 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.80 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.59 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.65 | -0.08 |
Drawdowns
SPYU.DE vs. UTES - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, smaller than the maximum UTES drawdown of -35.00%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and UTES.
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Drawdown Indicators
| SPYU.DE | UTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -35.00% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -15.03% | +7.60% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -21.76% | +8.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -23.38% | +1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -35.00% | +2.02% |
Current DrawdownCurrent decline from peak | -5.24% | -8.70% | +3.46% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -7.69% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 6.44% | -3.81% |
Volatility
SPYU.DE vs. UTES - Volatility Comparison
The current volatility for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) is 5.85%, while Virtus Reaves Utilities ETF (UTES) has a volatility of 7.31%. This indicates that SPYU.DE experiences smaller price fluctuations and is considered to be less risky than UTES 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 | UTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.85% | 7.31% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 16.71% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 21.69% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 21.04% | -5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.05% | 20.98% | -3.93% |
SPYU.DE vs. UTES - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is lower than UTES's 0.49% expense ratio.
Dividends
SPYU.DE vs. UTES - Dividend Comparison
SPYU.DE has not paid dividends to shareholders, while UTES's dividend yield for the trailing twelve months is around 1.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UTES Virtus Reaves Utilities ETF | 1.49% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
Frequently Asked Questions
SPYU.DE and UTES have a correlation of 0.17, 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 0.49% for UTES.
They also come from different issuers: State Street and Virtus Investment Partners. Their fees differ too: 0.18% for SPYU.DE and 0.49% for UTES.
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