AVWS.DE vs. SPYU.DE

Last updated Jun 5, 2026

AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) and SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) are both exchange-traded funds - AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped. AVWS.DE is actively managed, while SPYU.DE is passively managed. Over the past year, AVWS.DE returned 34.95% vs 26.75% for SPYU.DE. At a 0.23 correlation, their price movements are largely independent. AVWS.DE charges 0.39%/yr vs 0.18%/yr for SPYU.DE.

Performance

AVWS.DE vs. SPYU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVWS.DE achieves a 18.30% return, which is significantly higher than SPYU.DE's 13.06% return.

AVWS.DE

• 1D: 0.39%
• 1M: 1.51%
• YTD: 18.30%
• 6M: 18.97%
• 1Y: 34.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYU.DE

• 1D: -0.28%
• 1M: -3.02%
• YTD: 13.06%
• 6M: 14.07%
• 1Y: 26.75%
• 3Y*: 16.61%
• 5Y*: 11.82%
• 10Y*: 10.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVWS.DE vs. SPYU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR	18.30%	7.87%	5.65%
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF	13.06%	34.39%	-8.17%

Correlation

The correlation between AVWS.DE and SPYU.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.23

Return for Risk

AVWS.DE vs. SPYU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVWS.DE

AVWS.DE Risk / Return Rank: 80
AVWS.DE Sharpe Ratio Rank: 75
AVWS.DE Sortino Ratio Rank: 75
AVWS.DE Omega Ratio Rank: 71
AVWS.DE Calmar Ratio Rank: 90
AVWS.DE Martin Ratio Rank: 90

SPYU.DE

SPYU.DE Risk / Return Rank: 57
SPYU.DE Sharpe Ratio Rank: 53
SPYU.DE Sortino Ratio Rank: 49
SPYU.DE Omega Ratio Rank: 53
SPYU.DE Calmar Ratio Rank: 72
SPYU.DE Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVWS.DE vs. SPYU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.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.

	AVWS.DE	SPYU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.40	1.79	+0.61
Sortino ratio: Return per unit of downside risk	3.31	2.37	+0.95
Omega ratio: Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio: Return relative to maximum drawdown	5.44	3.59	+1.85
Martin ratio: Return relative to average drawdown	20.29	10.13	+10.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVWS.DE vs. SPYU.DE - Sharpe Ratio Comparison

The current AVWS.DE Sharpe Ratio is 2.40, which is higher than the SPYU.DE Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of AVWS.DE and SPYU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVWS.DE	SPYU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	1.79	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.57	+0.51

Drawdowns

AVWS.DE vs. SPYU.DE - Drawdown Comparison

The maximum AVWS.DE drawdown since its inception was -25.21%, smaller than the maximum SPYU.DE drawdown of -32.98%. Use the drawdown chart below to compare losses from any high point for AVWS.DE and SPYU.DE.

Drawdown Indicators

	AVWS.DE	SPYU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.21%	-32.98%	+7.77%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-7.43%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.98%	—
Current Drawdown Current decline from peak	-0.39%	-5.24%	+4.85%
Average Drawdown Average peak-to-trough decline	-5.13%	-5.63%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.63%	-0.91%

Volatility

AVWS.DE vs. SPYU.DE - Volatility Comparison

The current volatility for Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) is 3.27%, while SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a volatility of 5.85%. This indicates that AVWS.DE experiences smaller price fluctuations and is considered to be less risky than SPYU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVWS.DE	SPYU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	5.85%	-2.58%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	12.96%	-3.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.48%	14.86%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	16.01%	+2.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.12%	17.05%	+1.07%

AVWS.DE vs. SPYU.DE - Expense Ratio Comparison

AVWS.DE has a 0.39% expense ratio, which is higher than SPYU.DE's 0.18% expense ratio.

Dividends

AVWS.DE vs. SPYU.DE - Dividend Comparison

Neither AVWS.DE nor SPYU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AVWS.DE and SPYU.DE in my portfolio?

AVWS.DE and SPYU.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVWS.DE or SPYU.DE?

On fees, SPYU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVWS.DE or SPYU.DE?

SPYU.DE is cheaper with a 0.18% expense ratio, compared with 0.39% for AVWS.DE.

What is the main difference between AVWS.DE and SPYU.DE?

AVWS.DE is categorized as Foreign Small & Mid Cap Equities, while SPYU.DE is Utilities Equities. They also come from different issuers: Avantis and State Street. Their fees differ too: 0.39% for AVWS.DE and 0.18% for SPYU.DE.