SPYY.DE vs. SXR0.DE
SPYY.DE (State Street SPDR MSCI All Country World UCITS ETF (Acc)) and SXR0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both Global Equities funds - SPYY.DE tracks the MSCI ACWI Index while SXR0.DE tracks the MSCI World Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, SPYY.DE returned 11.80%/yr vs 4.77%/yr for SXR0.DE. A 0.67 correlation means they provide meaningful diversification when combined. SPYY.DE charges 0.12%/yr vs 0.35%/yr for SXR0.DE.
Performance
SPYY.DE vs. SXR0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYY.DE achieves a 14.10% return, which is significantly higher than SXR0.DE's 2.15% return.
SPYY.DE
- 1D
- 0.62%
- 1M
- 1.16%
- 6M
- 14.08%
- YTD
- 14.10%
- 1Y
- 26.77%
- 3Y*
- 17.95%
- 5Y*
- 11.80%
- 10Y*
- 12.50%
SXR0.DE
- 1D
- 0.23%
- 1M
- 1.78%
- 6M
- 3.00%
- YTD
- 2.15%
- 1Y
- 2.76%
- 3Y*
- 8.28%
- 5Y*
- 4.77%
- 10Y*
- —
SPYY.DE vs. SXR0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 14.10% | 9.46% | 24.56% | 18.22% | -13.76% | 29.02% | 5.12% | 30.21% | -6.02% | 5.14% |
SXR0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.15% | 7.02% | 13.29% | 5.81% | -9.67% | 16.59% | -1.27% | 20.04% | -4.03% | 8.98% |
Correlation
The correlation between SPYY.DE and SXR0.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2017 | 0.67 |
Over the past year, the correlation between SPYY.DE and SXR0.DE has dropped to 0.22 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
SPYY.DE vs. SXR0.DE — Risk / Return Rank
SPYY.DE
SXR0.DE
SPYY.DE vs. SXR0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World UCITS ETF (Acc) (SPYY.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYY.DE | SXR0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.06 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 0.52 | +3.58 |
| Martin ratioReturn relative to average drawdown | 16.31 | 1.13 | +15.18 |
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Drawdowns
SPYY.DE vs. SXR0.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -40.72%, which is greater than SXR0.DE's maximum drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and SXR0.DE.
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Drawdown Indicators
| SPYY.DE | SXR0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -27.73% | -12.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -5.26% | -1.23% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -9.18% | -12.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -15.61% | -5.66% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.95% | +1.86% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -3.96% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.44% | -0.80% |
Volatility
SPYY.DE vs. SXR0.DE - Volatility Comparison
State Street SPDR MSCI All Country World UCITS ETF (Acc) (SPYY.DE) has a higher volatility of 3.65% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.DE) at 2.35%. This indicates that SPYY.DE's price experiences larger fluctuations and is considered to be riskier than SXR0.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 | SXR0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 2.35% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 5.77% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 8.13% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 10.15% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 11.61% | +4.32% |
SPYY.DE vs. SXR0.DE - Expense Ratio Comparison
SPYY.DE has a 0.12% expense ratio, which is lower than SXR0.DE's 0.35% expense ratio.
Dividends
SPYY.DE vs. SXR0.DE - Dividend Comparison
Neither SPYY.DE nor SXR0.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYY.DE and SXR0.DE have a correlation of 0.22, 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 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.DE is cheaper with a 0.12% expense ratio, compared with 0.35% for SXR0.DE.
SPYY.DE tracks MSCI ACWI Index, while SXR0.DE tracks MSCI World Minimum Volatility Index (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPYY.DE and 0.35% for SXR0.DE.
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