SPYY.DE vs. SPYU.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped. Both are passively managed. Over the past 10 years, SPYY.DE returned 12.40%/yr vs 10.70%/yr for SPYU.DE. At a 0.45 correlation, their price movements are largely independent. SPYY.DE charges 0.40%/yr vs 0.18%/yr for SPYU.DE.
Performance
SPYY.DE vs. SPYU.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPYY.DE having a 12.54% return and SPYU.DE slightly higher at 13.06%. Over the past 10 years, SPYY.DE has outperformed SPYU.DE with an annualized return of 12.40%, while SPYU.DE has yielded a comparatively lower 10.70% 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%
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%
SPYY.DE vs. SPYU.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% |
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% |
Correlation
The correlation between SPYY.DE and SPYU.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.45 |
Over the past year, the correlation between SPYY.DE and SPYU.DE has dropped to 0.20 - well below their long-term average of 0.45, suggesting their price drivers have been diverging.
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Return for Risk
SPYY.DE vs. SPYU.DE — Risk / Return Rank
SPYY.DE
SPYU.DE
SPYY.DE vs. SPYU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.DE) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.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 | SPYU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.59 | +0.51 |
| Martin ratioReturn relative to average drawdown | 16.60 | 10.13 | +6.47 |
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 | SPYU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.79 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.73 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.62 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.57 | +0.25 |
Drawdowns
SPYY.DE vs. SPYU.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, roughly equal to the maximum SPYU.DE drawdown of -32.98%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and SPYU.DE.
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Drawdown Indicators
| SPYY.DE | SPYU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -32.98% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -7.43% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -13.44% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -22.28% | +1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | -32.98% | -0.51% |
Current DrawdownCurrent decline from peak | -0.61% | -5.24% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -5.63% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.63% | -1.02% |
Volatility
SPYY.DE vs. SPYU.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF (SPYY.DE) is 3.05%, while SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a volatility of 5.85%. This indicates that SPYY.DE experiences smaller price fluctuations and is considered to be less risky than SPYU.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 | SPYU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 5.85% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 12.96% | -4.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 14.86% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 16.01% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 17.05% | -1.98% |
SPYY.DE vs. SPYU.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is higher than SPYU.DE's 0.18% expense ratio.
Dividends
SPYY.DE vs. SPYU.DE - Dividend Comparison
Neither SPYY.DE nor SPYU.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYY.DE and SPYU.DE have a correlation of 0.20, 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 0.40% for SPYY.DE.
SPYY.DE is categorized as Global Equities, while SPYU.DE is Utilities Equities. SPYY.DE tracks MSCI All Country World (ACWI), while SPYU.DE tracks MSCI Europe Utilities 20/35 Capped. Their fees differ too: 0.40% for SPYY.DE and 0.18% for SPYU.DE.
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