XREA.DE vs. SPY2.DE
XREA.DE (Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF) and SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) are both REIT funds - XREA.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Capped while SPY2.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 5 years, XREA.DE returned -3.70%/yr vs 2.27%/yr for SPY2.DE. A 0.62 correlation means they provide meaningful diversification when combined. XREA.DE charges 0.33%/yr vs 0.40%/yr for SPY2.DE.
Performance
XREA.DE vs. SPY2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XREA.DE achieves a -0.91% return, which is significantly lower than SPY2.DE's 8.38% return.
XREA.DE
- 1D
- 0.48%
- 1M
- -3.50%
- YTD
- -0.91%
- 6M
- 0.57%
- 1Y
- -1.75%
- 3Y*
- 9.96%
- 5Y*
- -3.70%
- 10Y*
- 1.57%
SPY2.DE
- 1D
- 0.10%
- 1M
- -1.74%
- YTD
- 8.38%
- 6M
- 7.43%
- 1Y
- 10.30%
- 3Y*
- 5.92%
- 5Y*
- 2.27%
- 10Y*
- —
XREA.DE vs. SPY2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XREA.DE Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF | -0.91% | 8.31% | -2.14% | 17.83% | -34.64% | 12.36% | -7.76% | 4.44% |
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating | 8.38% | -2.42% | 5.09% | 7.66% | -20.98% | 41.62% | -18.78% | -1.52% |
Correlation
The correlation between XREA.DE and SPY2.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019 | 0.63 |
The correlation between XREA.DE and SPY2.DE has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
XREA.DE vs. SPY2.DE — Risk / Return Rank
XREA.DE
SPY2.DE
XREA.DE vs. SPY2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF (XREA.DE) and SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.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.
| XREA.DE | SPY2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.31 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.48 | -1.59 |
| Martin ratioReturn relative to average drawdown | -0.29 | 4.38 | -4.67 |
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
| XREA.DE | SPY2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | 0.89 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.15 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.05 | +0.15 |
Drawdowns
XREA.DE vs. SPY2.DE - Drawdown Comparison
The maximum XREA.DE drawdown since its inception was -47.51%, which is greater than SPY2.DE's maximum drawdown of -42.59%. Use the drawdown chart below to compare losses from any high point for XREA.DE and SPY2.DE.
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Drawdown Indicators
| XREA.DE | SPY2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.51% | -42.59% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.08% | -6.86% | -8.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -20.14% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -47.51% | -30.72% | -16.79% |
Max Drawdown (10Y)Largest decline over 10 years | -47.51% | — | — |
Current DrawdownCurrent decline from peak | -24.16% | -7.69% | -16.47% |
Average DrawdownAverage peak-to-trough decline | -15.55% | -15.50% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 2.33% | +3.28% |
Volatility
XREA.DE vs. SPY2.DE - Volatility Comparison
Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF (XREA.DE) has a higher volatility of 4.66% compared to SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) at 2.82%. This indicates that XREA.DE's price experiences larger fluctuations and is considered to be riskier than SPY2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XREA.DE | SPY2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 2.82% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 8.57% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.34% | 11.46% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 15.06% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 19.91% | -0.13% |
XREA.DE vs. SPY2.DE - Expense Ratio Comparison
XREA.DE has a 0.33% expense ratio, which is lower than SPY2.DE's 0.40% expense ratio.
Dividends
XREA.DE vs. SPY2.DE - Dividend Comparison
Neither XREA.DE nor SPY2.DE has paid dividends to shareholders.
Frequently Asked Questions
XREA.DE and SPY2.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XREA.DE is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XREA.DE is cheaper with a 0.33% expense ratio, compared with 0.40% for SPY2.DE.
XREA.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Capped, while SPY2.DE tracks Dow Jones Global Select Real Estate Securities. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.33% for XREA.DE and 0.40% for SPY2.DE.
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