SPYY.DE vs. AMEC.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - SPYY.DE tracks the MSCI All Country World (ACWI) while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, SPYY.DE returned 12.35%/yr vs 6.68%/yr for AMEC.DE. Their correlation of 0.82 suggests significant overlap in exposure. SPYY.DE charges 0.40%/yr vs 0.35%/yr for AMEC.DE.
Performance
SPYY.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYY.DE achieves a 12.54% return, which is significantly lower than AMEC.DE's 30.58% return.
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.78%
- YTD
- 30.58%
- 6M
- 29.29%
- 1Y
- 46.14%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
SPYY.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 4.52% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
Correlation
The correlation between SPYY.DE and AMEC.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.82 |
The correlation between SPYY.DE and AMEC.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
SPYY.DE vs. AMEC.DE — Risk / Return Rank
SPYY.DE
AMEC.DE
SPYY.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| SPYY.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.45 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 5.09 | -0.99 |
| Martin ratioReturn relative to average drawdown | 16.60 | 16.11 | +0.49 |
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
| SPYY.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.65 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.38 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.44 | +0.39 |
Drawdowns
SPYY.DE vs. AMEC.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and AMEC.DE.
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Drawdown Indicators
| SPYY.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -35.49% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -9.02% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -24.98% | +3.71% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -27.33% | +6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -1.34% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -11.50% | +7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.86% | -1.25% |
Volatility
SPYY.DE vs. AMEC.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF (SPYY.DE) is 3.05%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that SPYY.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYY.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 6.73% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 13.09% | -4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 17.36% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 17.51% | -3.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 19.22% | -4.15% |
SPYY.DE vs. AMEC.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is higher than AMEC.DE's 0.35% expense ratio.
Dividends
SPYY.DE vs. AMEC.DE - Dividend Comparison
Neither SPYY.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYY.DE and AMEC.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEC.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for SPYY.DE.
SPYY.DE tracks MSCI All Country World (ACWI), while AMEC.DE tracks Solactive Smart City. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.40% for SPYY.DE and 0.35% for AMEC.DE.
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