- ISIN
- US78463X1037
- CUSIP
- 78463X103
- Issuer
- State Street
- Inception Date
- Oct 15, 2002
- Region
- Developed Europe (Broad)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- STOXX Europe Total Market Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $732M
Share Price Chart
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Performance
SPEU Performance Chart
SPDR Portfolio Europe ETF (SPEU) is up 7.1% since the beginning of the year. SPEU is currently trading at $55 per share. Investors who bought $1,000 worth of SPEU shares 5 years ago would now be looking at an investment worth $1,530.
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Returns By Period
SPDR Portfolio Europe ETF (SPEU) has returned 7.07% so far this year and 21.32% over the past 12 months. Over the last ten years, SPEU has returned 10.26% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR Portfolio Europe ETF
- 1D
- 0.04%
- 1M
- 0.91%
- YTD
- 7.07%
- 6M
- 7.79%
- 1Y
- 21.32%
- 3Y*
- 16.98%
- 5Y*
- 8.88%
- 10Y*
- 10.26%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
SPEU Monthly Returns History
Based on dividend-adjusted daily data since Oct 21, 2002, SPEU's average daily return is +0.04%, while the average monthly return is +0.69%. At this rate, an investment would double in approximately 8.4 years.
Historically, 58% of months were positive and 42% were negative. The best month was Nov 2020 with a return of +17.2%, while the worst month was Oct 2008 at -20.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, SPEU closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +15.4%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.51% | 3.04% | -8.30% | 5.99% | 2.06% | 0.23% | 7.07% | ||||||
| 2025 | 6.15% | 3.93% | 0.53% | 3.84% | 5.14% | 2.72% | -2.41% | 3.68% | 1.95% | 0.58% | 1.44% | 3.75% | 35.80% |
| 2024 | -1.21% | 2.29% | 3.71% | -2.25% | 6.37% | -2.84% | 2.49% | 3.79% | 0.44% | -5.69% | -1.91% | -2.58% | 1.93% |
| 2023 | 9.31% | -1.50% | 2.29% | 4.26% | -5.22% | 4.30% | 2.96% | -4.26% | -4.44% | -3.12% | 9.62% | 5.54% | 19.85% |
| 2022 | -4.06% | -4.87% | 0.35% | -6.42% | 2.32% | -10.02% | 5.34% | -7.49% | -9.64% | 8.30% | 13.66% | -1.76% | -15.97% |
| 2021 | -1.54% | 2.88% | 3.35% | 4.66% | 4.75% | -1.67% | 2.05% | 1.50% | -5.40% | 5.26% | -4.70% | 4.76% | 16.20% |
Benchmark Metrics
SPDR Portfolio Europe ETF has an annualized alpha of -1.03%, beta of 0.94, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since October 21, 2002.
- This ETF participated in 109.14% of S&P 500 Index downside but only 97.50% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.94 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.03%
- Beta
- 0.94
- R²
- 0.66
- Upside Capture
- 97.50%
- Downside Capture
- 109.14%
Expense Ratio
SPEU has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
SPEU ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR Portfolio Europe ETF (SPEU) and compare them to S&P 500 Index.
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.
| SPEU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.77 | 2.78 | -1.01 |
| Martin ratioReturn relative to average drawdown | 6.49 | 12.44 | -5.95 |
Dividends
Dividend History
SPDR Portfolio Europe ETF provided a 5.04% dividend yield over the last twelve months, with an annual payout of $2.75 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.75 | $1.81 | $1.31 | $1.17 | $1.07 | $1.14 | $0.86 | $1.16 | $1.19 | $1.01 | $1.09 | $1.15 |
Dividend yield | 5.04% | 3.47% | 3.29% | 2.91% | 3.08% | 2.67% | 2.29% | 3.19% | 3.99% | 2.82% | 3.66% | 3.62% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR Portfolio Europe ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.90 | $1.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.87 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.59 | $1.81 |
| 2024 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $1.31 |
| 2023 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.15 | $1.17 |
| 2022 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $1.07 |
| 2021 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.27 | $1.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR Portfolio Europe ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR Portfolio Europe ETF was 62.45%, occurring on Mar 9, 2009. Recovery took 2233 trading sessions.
The current SPDR Portfolio Europe ETF drawdown is 0.96%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -62.45%Mar 2009 | 1y 4mo | 8y 10mo | 10y 2moNov 2007 - Jan 2018 |
COVID crash2020 | -36.83%Mar 2020 | 1mo 27d | 8mo 11d | 10mo 8dJan 2020 - Nov 2020 |
Bear market2022 | -32.70%Sep 2022 | 10mo 21d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
Rate-hike selloffLate 2018 | -21.89%Dec 2018 | 10mo 29d | 11mo 27d | 1y 10moJan 2018 - Dec 2019 |
2003 bear market2003 | -20.15%Mar 2003 | 3mo 20d | 1mo 26d | 5mo 16dNov 2002 - May 2003 |
Drawdown Indicators
| SPEU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.45% | -56.78% | -5.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -9.10% | -2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.17% | -18.90% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -32.70% | -25.43% | -7.27% |
Max Drawdown (10Y)Largest decline over 10 years | -36.83% | -33.92% | -2.91% |
Current DrawdownCurrent decline from peak | -0.96% | -1.80% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -13.82% | -10.71% | -3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 2.03% | +1.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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