SPYY.DE vs. IUSD.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and IUSD.DE (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - SPYY.DE tracks the MSCI All Country World (ACWI) while IUSD.DE tracks the MSCI World Islamic Index. Both are passively managed. Over the past 10 years, SPYY.DE returned 12.40%/yr vs 11.00%/yr for IUSD.DE. A 0.52 correlation means they provide meaningful diversification when combined. SPYY.DE charges 0.40%/yr vs 0.60%/yr for IUSD.DE.
Performance
SPYY.DE vs. IUSD.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 IUSD.DE's 20.34% return. Over the past 10 years, SPYY.DE has outperformed IUSD.DE with an annualized return of 12.40%, while IUSD.DE has yielded a comparatively lower 11.00% annualized 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%
IUSD.DE
- 1D
- -0.49%
- 1M
- 9.04%
- YTD
- 20.34%
- 6M
- 20.84%
- 1Y
- 34.19%
- 3Y*
- 15.20%
- 5Y*
- 19.36%
- 10Y*
- 11.00%
SPYY.DE vs. IUSD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 20.34% | 6.31% | 11.81% | 63.24% | 2.81% | 1.82% | 1.56% | 1.97% | -2.89% | 4.32% |
Correlation
The correlation between SPYY.DE and IUSD.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2011 | 0.52 |
Over the past year, SPYY.DE and IUSD.DE have become more correlated (0.88) than their long-term average of 0.52, meaning their price movements have been converging.
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Return for Risk
SPYY.DE vs. IUSD.DE — Risk / Return Rank
SPYY.DE
IUSD.DE
SPYY.DE vs. IUSD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.DE) and iShares MSCI World Islamic UCITS ETF USD (Dist) (IUSD.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 | IUSD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 7.08 | -2.98 |
| Martin ratioReturn relative to average drawdown | 16.60 | 22.57 | -5.96 |
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 | IUSD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.74 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.83 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.64 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.63 | +0.20 |
Drawdowns
SPYY.DE vs. IUSD.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, which is greater than IUSD.DE's maximum drawdown of -23.82%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and IUSD.DE.
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Drawdown Indicators
| SPYY.DE | IUSD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -23.82% | -9.67% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -4.81% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -22.97% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -22.97% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | -22.97% | -10.52% |
Current DrawdownCurrent decline from peak | -0.61% | -0.49% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.61% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.51% | +0.10% |
Volatility
SPYY.DE vs. IUSD.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF (SPYY.DE) is 3.05%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (IUSD.DE) has a volatility of 3.98%. This indicates that SPYY.DE experiences smaller price fluctuations and is considered to be less risky than IUSD.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 | IUSD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.98% | -0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 9.09% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 12.41% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 23.09% | -9.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 16.93% | -1.86% |
SPYY.DE vs. IUSD.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is lower than IUSD.DE's 0.60% expense ratio.
Dividends
SPYY.DE vs. IUSD.DE - Dividend Comparison
SPYY.DE has not paid dividends to shareholders, while IUSD.DE's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 0.81% | 1.00% | 1.26% | 1.47% | 2.75% | 1.80% | 1.55% | 1.94% | 1.57% | 1.45% | 1.45% | 1.60% |
SPYY.DE SPDR MSCI ACWI 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
SPYY.DE and IUSD.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.DE is cheaper with a 0.40% expense ratio, compared with 0.60% for IUSD.DE.
SPYY.DE tracks MSCI All Country World (ACWI), while IUSD.DE tracks MSCI World Islamic Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for SPYY.DE and 0.60% for IUSD.DE.
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