CEZ.PR vs. SPYW.DE
CEZ.PR (Cez A.S.) is a stock, while SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) is Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Over the past 10 years, CEZ.PR returned 18.76%/yr vs 6.14%/yr for SPYW.DE. At a 0.18 correlation, their price movements are largely independent.
Performance
CEZ.PR vs. SPYW.DE - Performance Comparison
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Different Trading Currencies
CEZ.PR is traded in CZK, while SPYW.DE is traded in EUR. To make them comparable, the SPYW.DE values have been converted to CZK using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEZ.PR achieves a 4.56% return, which is significantly lower than SPYW.DE's 9.75% return. Over the past 10 years, CEZ.PR has outperformed SPYW.DE with an annualized return of 18.76%, while SPYW.DE has yielded a comparatively lower 6.14% annualized return.
CEZ.PR
- 1D
- 0.77%
- 1M
- 10.27%
- 6M
- 5.79%
- YTD
- 4.56%
- 1Y
- 9.91%
- 3Y*
- 18.21%
- 5Y*
- 25.11%
- 10Y*
- 18.76%
- ALL TIME*
- 9.12%
SPYW.DE
- 1D
- -0.71%
- 1M
- 2.34%
- 6M
- 10.50%
- YTD
- 9.75%
- 1Y
- 12.19%
- 3Y*
- 14.85%
- 5Y*
- 7.83%
- 10Y*
- 6.14%
- ALL TIME*
- 8.23%
CEZ.PR vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEZ.PR Cez A.S. | 4.56% | 40.70% | 5.78% | 45.23% | -2.49% | 74.83% | 8.36% | -0.34% | 14.53% | 24.87% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 9.75% | 15.78% | 10.34% | 20.71% | -13.81% | 8.44% | -9.06% | 21.76% | -7.91% | 5.19% |
Correlation
The correlation between CEZ.PR and SPYW.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2012 | 0.18 |
The correlation between CEZ.PR and SPYW.DE shifts across timeframes, from 0.02 (3 years) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CEZ.PR vs. SPYW.DE — Risk / Return Rank
CEZ.PR
SPYW.DE
CEZ.PR vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cez A.S. (CEZ.PR) 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.
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.
| CEZ.PR | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.73 | -1.15 |
| Martin ratioReturn relative to average drawdown | 1.24 | 4.91 | -3.67 |
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Drawdowns
CEZ.PR vs. SPYW.DE - Drawdown Comparison
The maximum CEZ.PR drawdown since its inception was -58.53%, which is greater than SPYW.DE's maximum drawdown of -31.84%. Use the drawdown chart below to compare losses from any high point for CEZ.PR and SPYW.DE.
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Drawdown Indicators
| CEZ.PR | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.53% | -31.84% | -26.69% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -7.12% | -10.17% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -11.58% | -9.50% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -27.47% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | -36.27% | -31.84% | -4.43% |
Current DrawdownCurrent decline from peak | -1.23% | -0.71% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -25.08% | -6.18% | -18.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.06% | 2.52% | +5.54% |
Volatility
CEZ.PR vs. SPYW.DE - Volatility Comparison
Cez A.S. (CEZ.PR) has a higher volatility of 6.51% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.71%. This indicates that CEZ.PR'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.
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Volatility by Period
| CEZ.PR | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.51% | 2.71% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.57% | 8.54% | +13.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 10.41% | +12.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.87% | 13.16% | +11.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 14.05% | +7.59% |
Dividends
CEZ.PR vs. SPYW.DE - Dividend Comparison
CEZ.PR's dividend yield for the trailing twelve months is around 3.21%, less than SPYW.DE's 3.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEZ.PR Cez A.S. | 3.21% | 3.63% | 5.43% | 15.13% | 6.23% | 6.29% | 6.60% | 4.71% | 6.17% | 6.65% | 9.30% | 9.00% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.45% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
CEZ.PR and SPYW.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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