SPYZ.DE vs. IAU
Compare and contrast key facts about SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and iShares Gold Trust (IAU).
SPYZ.DE and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYZ.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Financials 20/35 Capped. It was launched on Dec 5, 2014. IAU is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jan 21, 2005. Both SPYZ.DE and IAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SPYZ.DE vs. IAU - Performance Comparison
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SPYZ.DE vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | -3.45% | 48.26% | 25.23% | 21.51% | -2.51% | 28.19% | -15.32% | 24.02% | -19.59% | 12.30% |
IAU iShares Gold Trust | 12.18% | 44.49% | 35.22% | 9.45% | 5.53% | 3.18% | 14.73% | 20.65% | 2.85% | -0.97% |
Different Trading Currencies
SPYZ.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYZ.DE achieves a -3.45% return, which is significantly lower than IAU's 12.18% return. Over the past 10 years, SPYZ.DE has underperformed IAU with an annualized return of 12.05%, while IAU has yielded a comparatively higher 14.10% annualized return.
SPYZ.DE
- 1D
- 3.56%
- 1M
- -2.29%
- YTD
- -3.45%
- 6M
- 6.08%
- 1Y
- 20.61%
- 3Y*
- 27.78%
- 5Y*
- 19.05%
- 10Y*
- 12.05%
IAU
- 1D
- 1.62%
- 1M
- -9.72%
- YTD
- 12.18%
- 6M
- 24.80%
- 1Y
- 42.16%
- 3Y*
- 31.02%
- 5Y*
- 22.63%
- 10Y*
- 14.10%
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SPYZ.DE vs. IAU - Expense Ratio Comparison
SPYZ.DE has a 0.18% expense ratio, which is lower than IAU's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SPYZ.DE vs. IAU — Risk / Return Rank
SPYZ.DE
IAU
SPYZ.DE vs. IAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and iShares Gold Trust (IAU). 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.
| SPYZ.DE | IAU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.66 | -0.64 |
Sortino ratioReturn per unit of downside risk | 1.40 | 2.10 | -0.70 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.32 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.47 | -0.78 |
Martin ratioReturn relative to average drawdown | 5.60 | 8.55 | -2.96 |
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
| SPYZ.DE | IAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.66 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 1.38 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.96 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.68 | -0.23 |
Correlation
The correlation between SPYZ.DE and IAU is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SPYZ.DE vs. IAU - Dividend Comparison
Neither SPYZ.DE nor IAU has paid dividends to shareholders.
Drawdowns
SPYZ.DE vs. IAU - Drawdown Comparison
The maximum SPYZ.DE drawdown since its inception was -45.16%, which is greater than IAU's maximum drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and IAU.
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Drawdown Indicators
| SPYZ.DE | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.16% | -45.14% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.91% | -19.18% | +4.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -20.93% | -2.24% |
Max Drawdown (10Y)Largest decline over 10 years | -45.16% | -21.82% | -23.34% |
Current DrawdownCurrent decline from peak | -6.74% | -11.71% | +4.97% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -15.98% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 5.23% | -1.53% |
Volatility
SPYZ.DE vs. IAU - Volatility Comparison
The current volatility for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) is 7.70%, while iShares Gold Trust (IAU) has a volatility of 10.54%. This indicates that SPYZ.DE experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYZ.DE | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.70% | 10.54% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 23.13% | -10.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 25.59% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.55% | 16.44% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 14.78% | +6.55% |