UQAB.DE vs. SPPY.DE
UQAB.DE (iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - UQAB.DE tracks the S&P 500® Paris-Aligned Climate Sustainability Screened while SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 3 years, UQAB.DE returned 17.31%/yr vs 18.87%/yr for SPPY.DE. With a 0.98 correlation, they move nearly in lockstep. UQAB.DE charges 0.07%/yr vs 0.10%/yr for SPPY.DE.
Performance
UQAB.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UQAB.DE achieves a 7.73% return, which is significantly lower than SPPY.DE's 11.08% return.
UQAB.DE
- 1D
- 0.35%
- 1M
- 4.70%
- YTD
- 7.73%
- 6M
- 7.28%
- 1Y
- 19.88%
- 3Y*
- 17.31%
- 5Y*
- —
- 10Y*
- —
SPPY.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 11.08%
- 6M
- 11.08%
- 1Y
- 28.14%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
UQAB.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UQAB.DE iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc | 7.73% | 2.75% | 33.33% | 26.71% | -14.98% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -12.72% |
Correlation
The correlation between UQAB.DE and SPPY.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | 0.98 |
The correlation between UQAB.DE and SPPY.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
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Return for Risk
UQAB.DE vs. SPPY.DE — Risk / Return Rank
UQAB.DE
SPPY.DE
UQAB.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
| UQAB.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.44 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.10 | 4.21 | -2.12 |
| Martin ratioReturn relative to average drawdown | 7.07 | 16.03 | -8.96 |
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
| UQAB.DE | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.70 | 2.43 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.92 | -0.17 |
Drawdowns
UQAB.DE vs. SPPY.DE - Drawdown Comparison
The maximum UQAB.DE drawdown since its inception was -23.20%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for UQAB.DE and SPPY.DE.
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Drawdown Indicators
| UQAB.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.20% | -33.31% | +10.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.48% | -6.71% | -2.77% |
Max Drawdown (3Y)Largest decline over 3 years | -23.20% | -23.82% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.82% | — |
Current DrawdownCurrent decline from peak | -0.34% | 0.00% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -4.84% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.77% | +1.05% |
Volatility
UQAB.DE vs. SPPY.DE - Volatility Comparison
iShares S&P 500 Paris-Aligned Climate UCITS ETF USD Acc (UQAB.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) have volatilities of 2.72% and 2.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UQAB.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 2.69% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.96% | 7.79% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 11.62% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 15.43% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 17.57% | -2.02% |
UQAB.DE vs. SPPY.DE - Expense Ratio Comparison
UQAB.DE has a 0.07% expense ratio, which is lower than SPPY.DE's 0.10% 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
UQAB.DE vs. SPPY.DE - Dividend Comparison
Neither UQAB.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, UQAB.DE and SPPY.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, UQAB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UQAB.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for SPPY.DE.
UQAB.DE tracks S&P 500® Paris-Aligned Climate Sustainability Screened, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for UQAB.DE and 0.10% for SPPY.DE.
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