SPYY.DE vs. SPPY.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, SPYY.DE returned 12.35%/yr vs 15.63%/yr for SPPY.DE. Their correlation of 0.95 suggests significant overlap in exposure. SPYY.DE charges 0.40%/yr vs 0.10%/yr for SPPY.DE.
Performance
SPYY.DE vs. SPPY.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 higher than SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
SPYY.DE vs. SPPY.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% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between SPYY.DE and SPPY.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.95 |
The correlation between SPYY.DE and SPPY.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
SPYY.DE vs. SPPY.DE — Risk / Return Rank
SPYY.DE
SPPY.DE
SPYY.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 4.21 | -0.11 |
| Martin ratioReturn relative to average drawdown | 16.60 | 16.03 | +0.57 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.43 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 1.00 | -0.12 |
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 | 0.92 | -0.09 |
Drawdowns
SPYY.DE vs. SPPY.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, roughly equal to the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and SPPY.DE.
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Drawdown Indicators
| SPYY.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -33.31% | -0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -6.71% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -23.82% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -23.82% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | 0.00% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -4.84% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.77% | -0.16% |
Volatility
SPYY.DE vs. SPPY.DE - Volatility Comparison
SPDR MSCI ACWI UCITS ETF (SPYY.DE) has a higher volatility of 3.05% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.69%. This indicates that SPYY.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.69% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 7.79% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 11.62% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 15.43% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 17.57% | -2.50% |
SPYY.DE vs. SPPY.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.
Dividends
SPYY.DE vs. SPPY.DE - Dividend Comparison
Neither SPYY.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, SPYY.DE and SPPY.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for SPYY.DE.
SPYY.DE is categorized as Global Equities, while SPPY.DE is S&P 500. SPYY.DE tracks MSCI All Country World (ACWI), while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.40% for SPYY.DE and 0.10% for SPPY.DE.
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