SPYZ.DE vs. XLFS.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and Invesco Financials S&P US Select Sector UCITS ETF Acc (XLFS.L).

SPYZ.DE and XLFS.L 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. XLFS.L is a passively managed fund by Invesco that tracks the performance of the S&P® Select Sector Capped 20% Financials Index. It was launched on Dec 16, 2009. Both SPYZ.DE and XLFS.L 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. XLFS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and Invesco Financials S&P US Select Sector UCITS ETF Acc (XLFS.L). The values are adjusted to include any dividend payments, if applicable.

SPYZ.DE vs. XLFS.L - 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%
XLFS.L Invesco Financials S&P US Select Sector UCITS ETF Acc	-8.08%	1.35%	39.06%	8.51%	-5.51%	46.36%	-11.52%	34.63%	-10.42%	7.76%

Different Trading Currencies

SPYZ.DE is traded in EUR, while XLFS.L is traded in USD. To make them comparable, the XLFS.L 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 higher than XLFS.L's -8.08% return. Both investments have delivered pretty close results over the past 10 years, with SPYZ.DE having a 12.05% annualized return and XLFS.L not far behind at 12.00%.

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%

XLFS.L

• 1D: 1.69%
• 1M: -1.40%
• YTD: -8.08%
• 6M: -5.40%
• 1Y: -5.74%
• 3Y*: 14.78%
• 5Y*: 9.63%
• 10Y*: 12.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYZ.DE vs. XLFS.L - Expense Ratio Comparison

SPYZ.DE has a 0.18% expense ratio, which is higher than XLFS.L's 0.14% 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%.

SPYZ.DE

SPDR MSCI Europe Financials UCITS ETF

XLFS.L

Invesco Financials S&P US Select Sector UCITS ETF Acc

Return for Risk

SPYZ.DE vs. XLFS.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYZ.DE

SPYZ.DE Risk / Return Rank: 54
SPYZ.DE Sharpe Ratio Rank: 54
SPYZ.DE Sortino Ratio Rank: 50
SPYZ.DE Omega Ratio Rank: 51
SPYZ.DE Calmar Ratio Rank: 62
SPYZ.DE Martin Ratio Rank: 53

XLFS.L

XLFS.L Risk / Return Rank: 12
XLFS.L Sharpe Ratio Rank: 13
XLFS.L Sortino Ratio Rank: 13
XLFS.L Omega Ratio Rank: 13
XLFS.L Calmar Ratio Rank: 12
XLFS.L Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYZ.DE vs. XLFS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and Invesco Financials S&P US Select Sector UCITS ETF Acc (XLFS.L). 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	XLFS.L	Difference
Sharpe ratio Return per unit of total volatility	1.01	-0.29	+1.31
Sortino ratio Return per unit of downside risk	1.40	-0.27	+1.67
Omega ratio Gain probability vs. loss probability	1.20	0.96	+0.24
Calmar ratio Return relative to maximum drawdown	1.69	-0.47	+2.16
Martin ratio Return relative to average drawdown	5.60	-1.23	+6.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYZ.DE vs. XLFS.L - Sharpe Ratio Comparison

The current SPYZ.DE Sharpe Ratio is 1.01, which is higher than the XLFS.L Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of SPYZ.DE and XLFS.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPYZ.DE	XLFS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	-0.29	+1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.51	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.56	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.60	-0.15

Correlation

The correlation between SPYZ.DE and XLFS.L is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPYZ.DE vs. XLFS.L - Dividend Comparison

Neither SPYZ.DE nor XLFS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

SPYZ.DE vs. XLFS.L - Drawdown Comparison

The maximum SPYZ.DE drawdown since its inception was -45.16%, which is greater than XLFS.L's maximum drawdown of -42.22%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and XLFS.L.

Drawdown Indicators

	SPYZ.DE	XLFS.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.16%	-42.76%	-2.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.91%	-13.93%	-0.98%
Max Drawdown (5Y) Largest decline over 5 years	-23.17%	-26.06%	+2.89%
Max Drawdown (10Y) Largest decline over 10 years	-45.16%	-42.76%	-2.40%
Current Drawdown Current decline from peak	-6.74%	-11.33%	+4.59%
Average Drawdown Average peak-to-trough decline	-9.66%	-7.52%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	4.65%	-0.95%

Volatility

SPYZ.DE vs. XLFS.L - Volatility Comparison

SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) has a higher volatility of 7.70% compared to Invesco Financials S&P US Select Sector UCITS ETF Acc (XLFS.L) at 5.20%. This indicates that SPYZ.DE's price experiences larger fluctuations and is considered to be riskier than XLFS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYZ.DE	XLFS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.70%	5.20%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	10.97%	+2.02%
Volatility (1Y) Calculated over the trailing 1-year period	20.27%	19.54%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	18.99%	-0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	21.34%	-0.01%