EHDV.DE vs. SPYW.DE
EHDV.DE (Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - EHDV.DE is a Large Cap Value Equities fund tracking the EURO iSTOXX High Dividend Low Volatility 50 Index, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, EHDV.DE returned 6.45%/yr vs 6.79%/yr for SPYW.DE. Their correlation of 0.85 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
EHDV.DE vs. SPYW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHDV.DE achieves a 10.18% return, which is significantly higher than SPYW.DE's 5.36% return. Over the past 10 years, EHDV.DE has underperformed SPYW.DE with an annualized return of 6.45%, while SPYW.DE has yielded a comparatively higher 6.79% annualized return.
EHDV.DE
- 1D
- -0.10%
- 1M
- 0.83%
- YTD
- 10.18%
- 6M
- 12.10%
- 1Y
- 20.79%
- 3Y*
- 20.12%
- 5Y*
- 12.73%
- 10Y*
- 6.45%
SPYW.DE
- 1D
- 0.09%
- 1M
- -1.61%
- YTD
- 5.36%
- 6M
- 7.50%
- 1Y
- 7.59%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
EHDV.DE vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EHDV.DE Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist | 10.18% | 36.57% | 9.85% | 13.76% | -9.06% | 21.20% | -18.40% | 13.72% | -12.46% | 6.15% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between EHDV.DE and SPYW.DE is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2016 | 0.85 |
The correlation between EHDV.DE and SPYW.DE shifts across timeframes, from 0.74 (1 year) to 0.86 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
EHDV.DE vs. SPYW.DE — Risk / Return Rank
EHDV.DE
SPYW.DE
EHDV.DE vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist (EHDV.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.
| EHDV.DE | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.14 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 0.98 | +2.41 |
| Martin ratioReturn relative to average drawdown | 11.10 | 3.14 | +7.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EHDV.DE | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 0.74 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.60 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.45 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.53 | -0.07 |
Drawdowns
EHDV.DE vs. SPYW.DE - Drawdown Comparison
The maximum EHDV.DE drawdown since its inception was -41.47%, which is greater than SPYW.DE's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for EHDV.DE and SPYW.DE.
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Drawdown Indicators
| EHDV.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.47% | -38.68% | -2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.10% | -7.99% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -12.94% | -11.64% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -23.97% | +1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -41.47% | -38.68% | -2.79% |
Current DrawdownCurrent decline from peak | -2.74% | -2.54% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -7.88% | -5.62% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.87% | 2.50% | -0.63% |
Volatility
EHDV.DE vs. SPYW.DE - Volatility Comparison
Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist (EHDV.DE) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) have volatilities of 2.89% and 2.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EHDV.DE | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 2.92% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 8.76% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 10.65% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 13.27% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.86% | 14.88% | +0.98% |
EHDV.DE vs. SPYW.DE - Expense Ratio Comparison
Both EHDV.DE and SPYW.DE have an expense ratio of 0.30%.
Dividends
EHDV.DE vs. SPYW.DE - Dividend Comparison
EHDV.DE's dividend yield for the trailing twelve months is around 3.98%, more than SPYW.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EHDV.DE Invesco EURO STOXX High Dividend Low Volatility UCITS ETF Dist | 3.98% | 4.70% | 5.79% | 5.57% | 5.62% | 4.18% | 2.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 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
EHDV.DE and SPYW.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EHDV.DE and SPYW.DE have the same expense ratio: 0.30% per year.
EHDV.DE is categorized as Large Cap Value Equities, while SPYW.DE is Europe Equities. EHDV.DE tracks EURO iSTOXX High Dividend Low Volatility 50 Index, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. They also come from different issuers: Invesco and State Street.
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