B41J.DE vs. SPYW.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE).

B41J.DE and SPYW.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. B41J.DE is a passively managed fund by Global X that tracks the performance of the Mirae Asset European Infrastructure Development Index. It was launched on Sep 3, 2024. SPYW.DE is a passively managed fund by State Street that tracks the performance of the S&P Euro High Yield Dividend Aristocrats. It was launched on Feb 28, 2012. Both B41J.DE and SPYW.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

B41J.DE vs. SPYW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE). The values are adjusted to include any dividend payments, if applicable.

B41J.DE vs. SPYW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating	8.74%	27.74%	-2.48%
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)	4.41%	20.24%	-3.96%

Returns By Period

In the year-to-date period, B41J.DE achieves a 8.74% return, which is significantly higher than SPYW.DE's 4.41% return.

B41J.DE

• 1D: 3.21%
• 1M: -2.44%
• YTD: 8.74%
• 6M: 9.91%
• 1Y: 20.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYW.DE

• 1D: 1.73%
• 1M: -1.92%
• YTD: 4.41%
• 6M: 7.53%
• 1Y: 12.87%
• 3Y*: 13.79%
• 5Y*: 8.74%
• 10Y*: 7.03%

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

B41J.DE vs. SPYW.DE - Expense Ratio Comparison

B41J.DE has a 0.47% expense ratio, which is higher than SPYW.DE's 0.30% expense ratio.

B41J.DE

Global X European Infrastructure Development UCITS ETF EUR Accumulating

SPYW.DE

SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)

Return for Risk

B41J.DE vs. SPYW.DE — Risk / Return Rank

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

B41J.DE

B41J.DE Risk / Return Rank: 62
B41J.DE Sharpe Ratio Rank: 63
B41J.DE Sortino Ratio Rank: 60
B41J.DE Omega Ratio Rank: 60
B41J.DE Calmar Ratio Rank: 70
B41J.DE Martin Ratio Rank: 58

SPYW.DE

SPYW.DE Risk / Return Rank: 49
SPYW.DE Sharpe Ratio Rank: 50
SPYW.DE Sortino Ratio Rank: 43
SPYW.DE Omega Ratio Rank: 52
SPYW.DE Calmar Ratio Rank: 50
SPYW.DE Martin Ratio Rank: 48

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.

B41J.DE vs. SPYW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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.

	B41J.DE	SPYW.DE	Difference
Sharpe ratio Return per unit of total volatility	1.18	0.94	+0.24
Sortino ratio Return per unit of downside risk	1.64	1.25	+0.38
Omega ratio Gain probability vs. loss probability	1.24	1.20	+0.03
Calmar ratio Return relative to maximum drawdown	2.12	1.36	+0.76
Martin ratio Return relative to average drawdown	6.58	4.88	+1.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

B41J.DE vs. SPYW.DE - Sharpe Ratio Comparison

The current B41J.DE Sharpe Ratio is 1.18, which is comparable to the SPYW.DE Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of B41J.DE and SPYW.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	B41J.DE	SPYW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	0.94	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.53	+0.81

Correlation

The correlation between B41J.DE and SPYW.DE is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

B41J.DE vs. SPYW.DE - Dividend Comparison

B41J.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.63%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)	3.63%	4.07%	3.67%	3.31%	3.62%	2.78%	3.05%	3.10%	3.74%	3.15%	2.97%	2.99%

Drawdowns

B41J.DE vs. SPYW.DE - Drawdown Comparison

The maximum B41J.DE drawdown since its inception was -12.00%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for B41J.DE and SPYW.DE.

Drawdown Indicators

	B41J.DE	SPYW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.00%	-38.68%	+26.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.88%	-9.91%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.68%	—
Current Drawdown Current decline from peak	-3.23%	-3.42%	+0.19%
Average Drawdown Average peak-to-trough decline	-2.36%	-5.66%	+3.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.18%	2.72%	+0.46%

Volatility

B41J.DE vs. SPYW.DE - Volatility Comparison

Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) has a higher volatility of 6.85% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 4.68%. This indicates that B41J.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	B41J.DE	SPYW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.85%	4.68%	+2.17%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	7.98%	+3.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.37%	13.60%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	13.25%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.86%	14.87%	+0.99%