SXR8.DE vs. SPYE.DE
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and SPYE.DE (SPDR MSCI Europe UCITS ETF) are both exchange-traded funds - SXR8.DE is a S&P 500 fund tracking the S&P 500 Index, while SPYE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, SXR8.DE returned 14.87%/yr vs 9.95%/yr for SPYE.DE. A 0.70 correlation means they provide meaningful diversification when combined. SXR8.DE charges 0.07%/yr vs 0.25%/yr for SPYE.DE.
Performance
SXR8.DE vs. SPYE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR8.DE achieves a 9.96% return, which is significantly higher than SPYE.DE's 9.23% return. Over the past 10 years, SXR8.DE has outperformed SPYE.DE with an annualized return of 14.87%, while SPYE.DE has yielded a comparatively lower 9.95% annualized return.
SXR8.DE
- 1D
- 1.56%
- 1M
- 0.10%
- YTD
- 9.96%
- 6M
- 11.01%
- 1Y
- 24.90%
- 3Y*
- 17.96%
- 5Y*
- 14.24%
- 10Y*
- 14.87%
SPYE.DE
- 1D
- 1.76%
- 1M
- 3.41%
- YTD
- 9.23%
- 6M
- 11.81%
- 1Y
- 19.38%
- 3Y*
- 13.98%
- 5Y*
- 9.92%
- 10Y*
- 9.95%
SXR8.DE vs. SPYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 9.96% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
SPYE.DE SPDR MSCI Europe UCITS ETF | 9.23% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | -3.25% | 27.31% | -10.83% | 10.49% |
Correlation
The correlation between SXR8.DE and SPYE.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.70 |
The correlation between SXR8.DE and SPYE.DE shifts across timeframes, from 0.57 (3 years) to 0.70 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SXR8.DE vs. SPYE.DE — Risk / Return Rank
SXR8.DE
SPYE.DE
SXR8.DE vs. SPYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) and SPDR MSCI Europe UCITS ETF (SPYE.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.
| SXR8.DE | SPYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 1.92 | +1.60 |
| Martin ratioReturn relative to average drawdown | 12.50 | 7.17 | +5.33 |
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Drawdowns
SXR8.DE vs. SPYE.DE - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, roughly equal to the maximum SPYE.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and SPYE.DE.
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Drawdown Indicators
| SXR8.DE | SPYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -35.54% | +1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -9.45% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -16.65% | -6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -19.53% | -3.79% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -35.54% | +1.76% |
Current DrawdownCurrent decline from peak | -1.72% | -0.05% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -5.49% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.54% | -0.58% |
Volatility
SXR8.DE vs. SPYE.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) is 3.08%, while SPDR MSCI Europe UCITS ETF (SPYE.DE) has a volatility of 4.17%. This indicates that SXR8.DE experiences smaller price fluctuations and is considered to be less risky than SPYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR8.DE | SPYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.17% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 10.79% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 13.03% | -1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 14.33% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.67% | +0.41% |
SXR8.DE vs. SPYE.DE - Expense Ratio Comparison
SXR8.DE has a 0.07% expense ratio, which is lower than SPYE.DE'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%.
Dividends
SXR8.DE vs. SPYE.DE - Dividend Comparison
Neither SXR8.DE nor SPYE.DE has paid dividends to shareholders.
Frequently Asked Questions
SXR8.DE and SPYE.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for SPYE.DE.
SXR8.DE is categorized as S&P 500, while SPYE.DE is Europe Equities. SXR8.DE tracks S&P 500 Index, while SPYE.DE tracks MSCI Europe. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for SXR8.DE and 0.25% for SPYE.DE.
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