SPYZ.DE vs. INDA.DE
SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) and INDA.DE (Lyxor STOXX Europe 600 Banks UCITS ETF Dist) are both Financials Equities funds - SPYZ.DE tracks the MSCI Europe Financials 20/35 Capped while INDA.DE tracks the STOXX® Europe 600 Banks. Both are passively managed. Over the past 10 years, SPYZ.DE returned 12.24%/yr vs 13.89%/yr for INDA.DE. Their correlation of 0.85 suggests significant overlap in exposure. SPYZ.DE charges 0.18%/yr vs 0.30%/yr for INDA.DE.
Performance
SPYZ.DE vs. INDA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYZ.DE achieves a 3.30% return, which is significantly lower than INDA.DE's 7.47% return. Over the past 10 years, SPYZ.DE has underperformed INDA.DE with an annualized return of 12.24%, while INDA.DE has yielded a comparatively higher 13.89% annualized return.
SPYZ.DE
- 1D
- 0.55%
- 1M
- 0.34%
- YTD
- 3.30%
- 6M
- 10.26%
- 1Y
- 21.73%
- 3Y*
- 28.74%
- 5Y*
- 19.38%
- 10Y*
- 12.24%
INDA.DE
- 1D
- 0.46%
- 1M
- 2.43%
- YTD
- 7.47%
- 6M
- 15.40%
- 1Y
- 39.76%
- 3Y*
- 40.68%
- 5Y*
- 26.58%
- 10Y*
- 13.89%
SPYZ.DE vs. INDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 3.30% | 48.26% | 25.23% | 21.51% | -2.51% | 28.19% | -15.32% | 24.02% | -19.59% | 12.30% |
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 7.47% | 76.64% | 32.75% | 22.04% | 1.47% | 37.53% | -23.78% | 15.32% | -25.43% | 11.50% |
Correlation
The correlation between SPYZ.DE and INDA.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.85 |
The correlation between SPYZ.DE and INDA.DE shifts across timeframes, from 0.84 (10 years) to 0.95 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYZ.DE vs. INDA.DE — Risk / Return Rank
SPYZ.DE
INDA.DE
SPYZ.DE vs. INDA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.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.
| SPYZ.DE | INDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 2.65 | -0.84 |
| Martin ratioReturn relative to average drawdown | 6.13 | 8.93 | -2.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYZ.DE | INDA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.86 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 1.18 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.19 | +0.28 |
Drawdowns
SPYZ.DE vs. INDA.DE - Drawdown Comparison
The maximum SPYZ.DE drawdown since its inception was -45.16%, smaller than the maximum INDA.DE drawdown of -70.13%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and INDA.DE.
Loading charts...
Drawdown Indicators
| SPYZ.DE | INDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.16% | -70.13% | +24.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -15.59% | +3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -20.38% | +3.47% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -27.77% | +4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.16% | -55.08% | +9.92% |
Current DrawdownCurrent decline from peak | -2.74% | -1.73% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -26.50% | +16.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 4.64% | -0.99% |
Volatility
SPYZ.DE vs. INDA.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) is 5.19%, while Lyxor STOXX Europe 600 Banks UCITS ETF Dist (INDA.DE) has a volatility of 5.98%. This indicates that SPYZ.DE experiences smaller price fluctuations and is considered to be less risky than INDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYZ.DE | INDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.98% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 17.92% | -3.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 22.30% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 24.05% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 26.34% | -5.06% |
SPYZ.DE vs. INDA.DE - Expense Ratio Comparison
SPYZ.DE has a 0.18% expense ratio, which is lower than INDA.DE's 0.30% expense ratio.
Dividends
SPYZ.DE vs. INDA.DE - Dividend Comparison
SPYZ.DE has not paid dividends to shareholders, while INDA.DE's dividend yield for the trailing twelve months is around 5.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
INDA.DE Lyxor STOXX Europe 600 Banks UCITS ETF Dist | 5.05% | 5.42% | 5.93% | 1.58% | 5.04% | 3.76% | 1.42% | 4.45% | 4.56% |
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, SPYZ.DE and INDA.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, SPYZ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYZ.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for INDA.DE.
SPYZ.DE tracks MSCI Europe Financials 20/35 Capped, while INDA.DE tracks STOXX® Europe 600 Banks. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for SPYZ.DE and 0.30% for INDA.DE.
Find the right allocation for SPYZ.DE and INDA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer