VVSM.DE vs. SPYI.DE
VVSM.DE (VanEck Semiconductor UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG 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 5 years, VVSM.DE returned 38.39%/yr vs 11.62%/yr for SPYI.DE. A 0.76 correlation means they provide meaningful diversification when combined. VVSM.DE charges 0.35%/yr vs 0.17%/yr for SPYI.DE.
Performance
VVSM.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVSM.DE achieves a 88.80% return, which is significantly higher than SPYI.DE's 12.53% return.
VVSM.DE
- 1D
- 5.78%
- 1M
- 14.92%
- YTD
- 88.80%
- 6M
- 94.46%
- 1Y
- 164.58%
- 3Y*
- 55.11%
- 5Y*
- 38.39%
- 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%
VVSM.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 88.80% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 2.89% |
Correlation
The correlation between VVSM.DE and SPYI.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.76 |
The correlation between VVSM.DE and SPYI.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
VVSM.DE vs. SPYI.DE — Risk / Return Rank
VVSM.DE
SPYI.DE
VVSM.DE vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.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.
| VVSM.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.43 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 13.76 | 4.20 | +9.56 |
| Martin ratioReturn relative to average drawdown | 44.81 | 16.67 | +28.13 |
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Drawdowns
VVSM.DE vs. SPYI.DE - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, smaller than the maximum SPYI.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and SPYI.DE.
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Drawdown Indicators
| VVSM.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -41.58% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -6.45% | -5.20% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -21.64% | -15.88% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -21.64% | -16.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.49% | — |
Current DrawdownCurrent decline from peak | -1.32% | -1.23% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -8.43% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 1.63% | +1.95% |
Volatility
VVSM.DE vs. SPYI.DE - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.48% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.48%. This indicates that VVSM.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
| VVSM.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 3.48% | +10.00% |
Volatility (6M)Calculated over the trailing 6-month period | 26.15% | 8.52% | +17.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.27% | 11.75% | +21.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.43% | 13.96% | +17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.86% | 15.96% | +15.90% |
VVSM.DE vs. SPYI.DE - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is higher than SPYI.DE's 0.17% expense ratio.
Dividends
VVSM.DE vs. SPYI.DE - Dividend Comparison
Neither VVSM.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and SPYI.DE have a correlation of 0.74, 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 0.35% for VVSM.DE.
VVSM.DE is categorized as Semiconductors, while SPYI.DE is Global Equities. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). They also come from different issuers: VanEck and State Street. Their fees differ too: 0.35% for VVSM.DE and 0.17% for SPYI.DE.
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