WTEF.DE vs. SPYL.DE
WTEF.DE (WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - WTEF.DE is a Large Cap Blend Equities fund tracking the WisdomTree US Efficient Core UCITS, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, WTEF.DE returned 21.82% vs 25.56% for SPYL.DE. Their correlation of 0.81 suggests significant overlap in exposure. WTEF.DE charges 0.20%/yr vs 0.03%/yr for SPYL.DE.
Performance
WTEF.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTEF.DE achieves a 9.49% return, which is significantly lower than SPYL.DE's 11.37% return.
WTEF.DE
- 1D
- -0.22%
- 1M
- 4.75%
- YTD
- 9.49%
- 6M
- 9.49%
- 1Y
- 21.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WTEF.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WTEF.DE WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc | 9.49% | 3.44% | 28.84% | 10.66% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between WTEF.DE and SPYL.DE is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.81 |
The correlation between WTEF.DE and SPYL.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
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Return for Risk
WTEF.DE vs. SPYL.DE — Risk / Return Rank
WTEF.DE
SPYL.DE
WTEF.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc (WTEF.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| WTEF.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.58 | -1.01 |
| Martin ratioReturn relative to average drawdown | 8.75 | 12.72 | -3.98 |
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
| WTEF.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.66 | 2.21 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 1.54 | -0.33 |
Drawdowns
WTEF.DE vs. SPYL.DE - Drawdown Comparison
The maximum WTEF.DE drawdown since its inception was -22.39%, roughly equal to the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for WTEF.DE and SPYL.DE.
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Drawdown Indicators
| WTEF.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.39% | -23.27% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -7.13% | -1.40% |
Current DrawdownCurrent decline from peak | -0.52% | -0.46% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -3.24% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.01% | +0.50% |
Volatility
WTEF.DE vs. SPYL.DE - Volatility Comparison
WisdomTree US Efficient Core UCITS ETF USD Unhedged Acc (WTEF.DE) has a higher volatility of 3.73% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that WTEF.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTEF.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 2.66% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 7.57% | +2.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 11.52% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.98% | 14.61% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 14.61% | +0.37% |
WTEF.DE vs. SPYL.DE - Expense Ratio Comparison
WTEF.DE has a 0.20% expense ratio, which is higher than SPYL.DE's 0.03% 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
WTEF.DE vs. SPYL.DE - Dividend Comparison
Neither WTEF.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
WTEF.DE and SPYL.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for WTEF.DE.
WTEF.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. WTEF.DE tracks WisdomTree US Efficient Core UCITS, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.20% for WTEF.DE and 0.03% for SPYL.DE.
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