SXR8.DE vs. SPYI.DE
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SXR8.DE is a S&P 500 fund tracking the S&P 500 Index, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, SXR8.DE returned 14.95%/yr vs 12.12%/yr for SPYI.DE. Their correlation of 0.82 suggests significant overlap in exposure. SXR8.DE charges 0.07%/yr vs 0.17%/yr for SPYI.DE.
Performance
SXR8.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXR8.DE achieves a 11.37% return, which is significantly lower than SPYI.DE's 13.27% return. Over the past 10 years, SXR8.DE has outperformed SPYI.DE with an annualized return of 14.95%, while SPYI.DE has yielded a comparatively lower 12.12% annualized return.
SXR8.DE
- 1D
- -0.15%
- 1M
- 5.22%
- YTD
- 11.37%
- 6M
- 11.42%
- 1Y
- 25.63%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
SXR8.DE vs. SPYI.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) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between SXR8.DE and SPYI.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2011 | 0.82 |
The correlation between SXR8.DE and SPYI.DE shifts across timeframes, from 0.82 (all time) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SXR8.DE vs. SPYI.DE — Risk / Return Rank
SXR8.DE
SPYI.DE
SXR8.DE vs. SPYI.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 ACWI IMI UCITS ETF (SPYI.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.
| SXR8.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.32 | -0.74 |
| Martin ratioReturn relative to average drawdown | 12.71 | 17.43 | -4.72 |
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
| SXR8.DE | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.41 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.85 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.81 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.84 | -0.05 |
Drawdowns
SXR8.DE vs. SPYI.DE - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, roughly equal to the maximum SPYI.DE drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and SPYI.DE.
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Drawdown Indicators
| SXR8.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -34.60% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.41% | -0.72% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -21.66% | -1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -21.66% | -1.66% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -34.60% | +0.82% |
Current DrawdownCurrent decline from peak | -0.45% | -0.56% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -4.34% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.59% | +0.42% |
Volatility
SXR8.DE vs. SPYI.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) is 2.65%, while SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a volatility of 3.11%. This indicates that SXR8.DE experiences smaller price fluctuations and is considered to be less risky than SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 3.11% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 8.21% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 11.48% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.16% | 13.90% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 15.18% | +0.91% |
SXR8.DE vs. SPYI.DE - Expense Ratio Comparison
SXR8.DE has a 0.07% expense ratio, which is lower than SPYI.DE's 0.17% 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. SPYI.DE - Dividend Comparison
Neither SXR8.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, SXR8.DE and SPYI.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, 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 0.17% for SPYI.DE.
SXR8.DE is categorized as S&P 500, while SPYI.DE is Global Equities. SXR8.DE tracks S&P 500 Index, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for SXR8.DE and 0.17% for SPYI.DE.
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