SPYZ.DE vs. IUS2.DE
SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) and IUS2.DE (iShares S&P U.S. Banks UCITS ETF USD (Acc)) are both Financials Equities funds - SPYZ.DE tracks the MSCI Europe Financials 20/35 Capped while IUS2.DE tracks the S&P 900 Banks 7/4 Capped. Both are passively managed. Over the past 5 years, SPYZ.DE returned 19.38%/yr vs 5.75%/yr for IUS2.DE. A 0.65 correlation means they provide meaningful diversification when combined. SPYZ.DE charges 0.18%/yr vs 0.35%/yr for IUS2.DE.
Performance
SPYZ.DE vs. IUS2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYZ.DE achieves a 3.30% return, which is significantly lower than IUS2.DE's 4.22% return.
SPYZ.DE
- 1D
- 0.55%
- 1M
- 3.48%
- YTD
- 3.30%
- 6M
- 9.90%
- 1Y
- 22.41%
- 3Y*
- 28.74%
- 5Y*
- 19.38%
- 10Y*
- 12.24%
IUS2.DE
- 1D
- 3.48%
- 1M
- 1.75%
- YTD
- 4.22%
- 6M
- 7.92%
- 1Y
- 25.71%
- 3Y*
- 22.96%
- 5Y*
- 5.75%
- 10Y*
- —
SPYZ.DE vs. IUS2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 3.30% | 48.26% | 25.23% | 21.51% | -2.51% | 28.19% | -15.32% | 24.02% | -18.77% |
IUS2.DE iShares S&P U.S. Banks UCITS ETF USD (Acc) | 4.22% | 8.89% | 33.51% | -6.27% | -14.40% | 53.00% | -20.33% | 37.52% | -20.65% |
Correlation
The correlation between SPYZ.DE and IUS2.DE is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 25, 2018 | 0.65 |
The correlation between SPYZ.DE and IUS2.DE shifts across timeframes, from 0.55 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYZ.DE vs. IUS2.DE — Risk / Return Rank
SPYZ.DE
IUS2.DE
SPYZ.DE vs. IUS2.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 iShares S&P U.S. Banks UCITS ETF USD (Acc) (IUS2.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 | IUS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.74 | +0.08 |
| Martin ratioReturn relative to average drawdown | 6.13 | 4.72 | +1.41 |
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 | IUS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.22 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.21 | +0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.20 | +0.27 |
Drawdowns
SPYZ.DE vs. IUS2.DE - Drawdown Comparison
The maximum SPYZ.DE drawdown since its inception was -45.16%, smaller than the maximum IUS2.DE drawdown of -49.73%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and IUS2.DE.
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Drawdown Indicators
| SPYZ.DE | IUS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.16% | -49.73% | +4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -14.73% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -32.32% | +15.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -48.08% | +24.91% |
Max Drawdown (10Y)Largest decline over 10 years | -45.16% | — | — |
Current DrawdownCurrent decline from peak | -2.74% | -3.92% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -16.24% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 5.44% | -1.79% |
Volatility
SPYZ.DE vs. IUS2.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) is 5.19%, while iShares S&P U.S. Banks UCITS ETF USD (Acc) (IUS2.DE) has a volatility of 5.80%. This indicates that SPYZ.DE experiences smaller price fluctuations and is considered to be less risky than IUS2.DE 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 | IUS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 5.80% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 15.40% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 20.99% | -3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 26.98% | -8.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 30.10% | -8.82% |
SPYZ.DE vs. IUS2.DE - Expense Ratio Comparison
SPYZ.DE has a 0.18% expense ratio, which is lower than IUS2.DE's 0.35% expense ratio.
Dividends
SPYZ.DE vs. IUS2.DE - Dividend Comparison
Neither SPYZ.DE nor IUS2.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYZ.DE and IUS2.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.35% for IUS2.DE.
SPYZ.DE tracks MSCI Europe Financials 20/35 Capped, while IUS2.DE tracks S&P 900 Banks 7/4 Capped. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for SPYZ.DE and 0.35% for IUS2.DE.
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