SPYY.DE vs. JEDI.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and JEDI.DE (VanEck Space Innovators UCITS ETF) are both exchange-traded funds - SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while JEDI.DE is a Industrials Equities fund tracking the MVIS Global Space Industry ESG. Both are passively managed. Over the past 3 years, SPYY.DE returned 17.99%/yr vs 65.71%/yr for JEDI.DE. A 0.54 correlation means they provide meaningful diversification when combined. SPYY.DE charges 0.40%/yr vs 0.55%/yr for JEDI.DE.
Performance
SPYY.DE vs. JEDI.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 JEDI.DE's 76.99% 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%
JEDI.DE
- 1D
- 1.31%
- 1M
- 22.20%
- YTD
- 76.99%
- 6M
- 97.67%
- 1Y
- 202.78%
- 3Y*
- 65.71%
- 5Y*
- —
- 10Y*
- —
SPYY.DE vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -0.97% |
JEDI.DE VanEck Space Innovators UCITS ETF | 76.99% | 72.15% | 52.14% | 8.55% | 5.38% |
Correlation
The correlation between SPYY.DE and JEDI.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022 | 0.54 |
The correlation between SPYY.DE and JEDI.DE has been stable across timeframes, ranging from 0.51 to 0.54 - a consistent structural relationship.
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Return for Risk
SPYY.DE vs. JEDI.DE — Risk / Return Rank
SPYY.DE
JEDI.DE
SPYY.DE vs. JEDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.DE) and VanEck Space Innovators UCITS ETF (JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.56 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 8.56 | -4.46 |
| Martin ratioReturn relative to average drawdown | 16.60 | 28.05 | -11.44 |
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 | JEDI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 4.59 | -2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
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 | 1.61 | -0.79 |
Drawdowns
SPYY.DE vs. JEDI.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, which is greater than JEDI.DE's maximum drawdown of -30.10%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and JEDI.DE.
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Drawdown Indicators
| SPYY.DE | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -30.10% | -3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -23.53% | +17.04% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -30.10% | +8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -13.81% | +13.20% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -7.12% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 7.20% | -5.59% |
Volatility
SPYY.DE vs. JEDI.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF (SPYY.DE) is 3.05%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 18.13%. This indicates that SPYY.DE experiences smaller price fluctuations and is considered to be less risky than JEDI.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 | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 18.13% | -15.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 34.16% | -25.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 43.91% | -32.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 32.38% | -18.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 32.38% | -17.31% |
SPYY.DE vs. JEDI.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is lower than JEDI.DE's 0.55% expense ratio.
Dividends
SPYY.DE vs. JEDI.DE - Dividend Comparison
Neither SPYY.DE nor JEDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYY.DE and JEDI.DE have a correlation of 0.52, 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 0.55% for JEDI.DE.
SPYY.DE is categorized as Global Equities, while JEDI.DE is Industrials Equities. SPYY.DE tracks MSCI All Country World (ACWI), while JEDI.DE tracks MVIS Global Space Industry ESG. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.40% for SPYY.DE and 0.55% for JEDI.DE.
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