DX2Z.DE vs. SPYV.DE
DX2Z.DE (Xtrackers S&P Select Frontier Swap UCITS ETF (Acc)) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - DX2Z.DE tracks the S&P Select Frontier Index while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, DX2Z.DE returned 11.40%/yr vs 5.81%/yr for SPYV.DE. A 0.52 correlation means they provide meaningful diversification when combined. DX2Z.DE charges 0.95%/yr vs 0.55%/yr for SPYV.DE.
Performance
DX2Z.DE vs. SPYV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2Z.DE achieves a 10.31% return, which is significantly higher than SPYV.DE's 6.43% return. Over the past 10 years, DX2Z.DE has outperformed SPYV.DE with an annualized return of 11.40%, while SPYV.DE has yielded a comparatively lower 5.81% annualized return.
DX2Z.DE
- 1D
- 0.61%
- 1M
- 2.36%
- 6M
- 8.54%
- YTD
- 10.31%
- 1Y
- 29.81%
- 3Y*
- 18.61%
- 5Y*
- 12.91%
- 10Y*
- 11.40%
SPYV.DE
- 1D
- 0.82%
- 1M
- 0.41%
- 6M
- 6.20%
- YTD
- 6.43%
- 1Y
- 8.46%
- 3Y*
- 9.95%
- 5Y*
- 6.03%
- 10Y*
- 5.81%
DX2Z.DE vs. SPYV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DX2Z.DE Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) | 10.31% | 18.38% | 30.33% | 20.29% | -15.40% | 26.53% | -13.05% | 26.32% | -14.75% | 22.09% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 6.43% | 6.31% | 21.07% | 1.34% | -2.95% | 6.78% | -10.98% | 15.05% | -2.33% | 12.15% |
Correlation
The correlation between DX2Z.DE and SPYV.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2011 | 0.52 |
Over the past year, the correlation between DX2Z.DE and SPYV.DE has dropped to 0.24 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
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Return for Risk
DX2Z.DE vs. SPYV.DE — Risk / Return Rank
DX2Z.DE
SPYV.DE
DX2Z.DE vs. SPYV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.DE) and SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.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.
| DX2Z.DE | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.13 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 1.04 | +1.22 |
| Martin ratioReturn relative to average drawdown | 6.70 | 2.38 | +4.32 |
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Drawdowns
DX2Z.DE vs. SPYV.DE - Drawdown Comparison
The maximum DX2Z.DE drawdown since its inception was -76.62%, which is greater than SPYV.DE's maximum drawdown of -49.58%. Use the drawdown chart below to compare losses from any high point for DX2Z.DE and SPYV.DE.
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Drawdown Indicators
| DX2Z.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.62% | -49.58% | -27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -8.13% | -5.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.17% | -16.98% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | -17.60% | -5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | -38.16% | -7.38% |
Current DrawdownCurrent decline from peak | 0.00% | -4.45% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -44.91% | -20.24% | -24.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 3.54% | +0.90% |
Volatility
DX2Z.DE vs. SPYV.DE - Volatility Comparison
Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.DE) has a higher volatility of 3.87% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.14%. This indicates that DX2Z.DE's price experiences larger fluctuations and is considered to be riskier than SPYV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DX2Z.DE | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.14% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 8.46% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 11.48% | +7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 14.92% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 17.07% | +1.71% |
DX2Z.DE vs. SPYV.DE - Expense Ratio Comparison
DX2Z.DE has a 0.95% expense ratio, which is higher than SPYV.DE's 0.55% expense ratio.
Dividends
DX2Z.DE vs. SPYV.DE - Dividend Comparison
DX2Z.DE has not paid dividends to shareholders, while SPYV.DE's dividend yield for the trailing twelve months is around 3.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DX2Z.DE Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.80% | 3.96% | 3.99% | 4.96% | 4.70% | 3.20% | 3.29% | 3.59% | 3.57% | 2.95% | 4.34% | 5.98% |
Frequently Asked Questions
DX2Z.DE and SPYV.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYV.DE is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYV.DE is cheaper with a 0.55% expense ratio, compared with 0.95% for DX2Z.DE.
DX2Z.DE tracks S&P Select Frontier Index, while SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.95% for DX2Z.DE and 0.55% for SPYV.DE.
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