SXRS.DE vs. SPYI.DE
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, 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 5 years, SXRS.DE returned 10.89%/yr vs 11.62%/yr for SPYI.DE. At a 0.24 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.17%/yr for SPYI.DE.
Performance
SXRS.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 18.88% return, which is significantly higher than SPYI.DE's 12.53% return.
SXRS.DE
- 1D
- -1.55%
- 1M
- -7.20%
- YTD
- 18.88%
- 6M
- 22.40%
- 1Y
- 27.91%
- 3Y*
- 10.89%
- 5Y*
- 10.89%
- 10Y*
- —
SPYI.DE
- 1D
- 1.91%
- 1M
- 2.37%
- YTD
- 12.53%
- 6M
- 14.24%
- 1Y
- 27.76%
- 3Y*
- 16.73%
- 5Y*
- 11.62%
- 10Y*
- 12.27%
SXRS.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 18.88% | 4.68% | 11.06% | -10.49% | 20.61% | 40.00% | -13.38% | 9.88% | -21.55% | 5.80% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 5.37% | 29.81% | -6.73% | 4.45% |
Correlation
The correlation between SXRS.DE and SPYI.DE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.24 |
The correlation between SXRS.DE and SPYI.DE shifts across timeframes, from -0.09 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SXRS.DE vs. SPYI.DE — Risk / Return Rank
SXRS.DE
SPYI.DE
SXRS.DE vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.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.
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.
| SXRS.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 4.20 | -0.79 |
| Martin ratioReturn relative to average drawdown | 7.38 | 16.67 | -9.29 |
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Drawdowns
SXRS.DE vs. SPYI.DE - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -37.23%, smaller than the maximum SPYI.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and SPYI.DE.
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Drawdown Indicators
| SXRS.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -41.58% | +4.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -6.45% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -21.64% | +5.68% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | -21.64% | -5.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.49% | — |
Current DrawdownCurrent decline from peak | -8.74% | -1.23% | -7.51% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -8.43% | -8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 1.63% | +2.41% |
Volatility
SXRS.DE vs. SPYI.DE - Volatility Comparison
iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a higher volatility of 5.00% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.48%. This indicates that SXRS.DE's price experiences larger fluctuations and is considered to be riskier 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
| SXRS.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 3.48% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 8.52% | +8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 11.75% | +7.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 13.96% | +3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 15.96% | +0.64% |
SXRS.DE vs. SPYI.DE - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is higher than SPYI.DE's 0.17% 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%.
Dividends
SXRS.DE vs. SPYI.DE - Dividend Comparison
Neither SXRS.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and SPYI.DE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.19% for SXRS.DE.
SXRS.DE is categorized as Commodities, while SPYI.DE is Global Equities. SXRS.DE tracks Bloomberg Commodity, 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: 0.19% for SXRS.DE and 0.17% for SPYI.DE.
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