SPYY.DE vs. UBU7.DE
SPYY.DE (State Street SPDR MSCI All Country World UCITS ETF (Acc)) and UBU7.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Dist) are both Global Equities funds - SPYY.DE tracks the MSCI ACWI Index while UBU7.DE tracks the MSCI World. Both are passively managed. Over the past 10 years, SPYY.DE returned 12.50%/yr vs 12.92%/yr for UBU7.DE. With a 0.98 correlation, they move nearly in lockstep. SPYY.DE charges 0.12%/yr vs 0.10%/yr for UBU7.DE.
Performance
SPYY.DE vs. UBU7.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 UBU7.DE's 12.56% return. Both investments have delivered pretty close results over the past 10 years, with SPYY.DE having a 12.50% annualized return and UBU7.DE not far ahead at 12.92%.
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%
UBU7.DE
- 1D
- 0.34%
- 1M
- 1.45%
- 6M
- 13.08%
- YTD
- 12.56%
- 1Y
- 24.39%
- 3Y*
- 17.65%
- 5Y*
- 12.26%
- 10Y*
- 12.92%
SPYY.DE vs. UBU7.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% | 8.80% |
UBU7.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Dist | 12.56% | 8.11% | 26.08% | 20.13% | -13.88% | 32.53% | 5.35% | 31.21% | -5.14% | 7.21% |
Correlation
The correlation between SPYY.DE and UBU7.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2012 | 0.98 |
The correlation between SPYY.DE and UBU7.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
SPYY.DE vs. UBU7.DE — Risk / Return Rank
SPYY.DE
UBU7.DE
SPYY.DE vs. UBU7.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Dist (UBU7.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 | UBU7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.72 | +0.38 |
| Martin ratioReturn relative to average drawdown | 16.31 | 14.74 | +1.57 |
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Drawdowns
SPYY.DE vs. UBU7.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -40.72%, which is greater than UBU7.DE's maximum drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and UBU7.DE.
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Drawdown Indicators
| SPYY.DE | UBU7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -33.85% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -6.52% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -21.70% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -21.70% | +0.43% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | -33.85% | +0.36% |
Current DrawdownCurrent decline from peak | -0.09% | -0.08% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -5.67% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.65% | -0.01% |
Volatility
SPYY.DE vs. UBU7.DE - Volatility Comparison
State Street SPDR MSCI All Country World UCITS ETF (Acc) (SPYY.DE) has a higher volatility of 3.65% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Dist (UBU7.DE) at 3.14%. This indicates that SPYY.DE's price experiences larger fluctuations and is considered to be riskier than UBU7.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 | UBU7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 3.14% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 7.88% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 11.30% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 14.15% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 15.06% | +0.87% |
SPYY.DE vs. UBU7.DE - Expense Ratio Comparison
SPYY.DE has a 0.12% expense ratio, which is higher than UBU7.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYY.DE vs. UBU7.DE - Dividend Comparison
SPYY.DE has not paid dividends to shareholders, while UBU7.DE's dividend yield for the trailing twelve months is around 1.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBU7.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Dist | 1.30% | 1.56% | 1.33% | 1.44% | 1.61% | 1.08% | 1.46% | 1.72% | 1.70% | 1.80% | 2.20% | 1.80% |
Frequently Asked Questions
With a correlation of 0.97, SPYY.DE and UBU7.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, UBU7.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBU7.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for SPYY.DE.
SPYY.DE tracks MSCI ACWI Index, while UBU7.DE tracks MSCI World. They also come from different issuers: State Street and UBS. Their fees differ too: 0.12% for SPYY.DE and 0.10% for UBU7.DE.
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