EL40.DE vs. SPYV.DE
EL40.DE (Deka MSCI Emerging Markets UCITS ETF ) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - EL40.DE tracks the MSCI Emerging Markets while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, EL40.DE returned 9.07%/yr vs 6.23%/yr for SPYV.DE. Their correlation of 0.81 suggests significant overlap in exposure. EL40.DE charges 0.66%/yr vs 0.55%/yr for SPYV.DE.
Performance
EL40.DE vs. SPYV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL40.DE achieves a 26.76% return, which is significantly higher than SPYV.DE's 5.71% return. Over the past 10 years, EL40.DE has outperformed SPYV.DE with an annualized return of 9.07%, while SPYV.DE has yielded a comparatively lower 6.23% annualized return.
EL40.DE
- 1D
- -2.26%
- 1M
- 7.03%
- YTD
- 26.76%
- 6M
- 28.51%
- 1Y
- 47.85%
- 3Y*
- 19.57%
- 5Y*
- 7.38%
- 10Y*
- 9.07%
SPYV.DE
- 1D
- -0.23%
- 1M
- -1.55%
- YTD
- 5.71%
- 6M
- 4.21%
- 1Y
- 10.75%
- 3Y*
- 9.94%
- 5Y*
- 6.00%
- 10Y*
- 6.23%
EL40.DE vs. SPYV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 26.76% | 17.86% | 13.11% | 4.33% | -14.87% | 4.55% | 5.36% | 20.78% | -11.51% | 19.00% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 1.39% | -2.70% | 6.51% | -11.03% | 15.10% | -2.00% | 11.76% |
Correlation
The correlation between EL40.DE and SPYV.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.81 |
The correlation between EL40.DE and SPYV.DE shifts across timeframes, from 0.66 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EL40.DE vs. SPYV.DE — Risk / Return Rank
EL40.DE
SPYV.DE
EL40.DE vs. SPYV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka MSCI Emerging Markets UCITS ETF (EL40.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.
| EL40.DE | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.16 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.31 | +1.57 |
| Martin ratioReturn relative to average drawdown | 7.00 | 3.29 | +3.71 |
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
| EL40.DE | SPYV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 0.92 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.40 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.36 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.18 | +0.12 |
Drawdowns
EL40.DE vs. SPYV.DE - Drawdown Comparison
The maximum EL40.DE drawdown since its inception was -36.65%, smaller than the maximum SPYV.DE drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for EL40.DE and SPYV.DE.
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Drawdown Indicators
| EL40.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.65% | -43.79% | +7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -16.53% | -8.15% | -8.38% |
Max Drawdown (3Y)Largest decline over 3 years | -18.17% | -16.93% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -25.06% | -17.58% | -7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -31.59% | -38.19% | +6.60% |
Current DrawdownCurrent decline from peak | -3.01% | -5.09% | +2.08% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -12.48% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 3.26% | +3.56% |
Volatility
EL40.DE vs. SPYV.DE - Volatility Comparison
Deka MSCI Emerging Markets UCITS ETF (EL40.DE) has a higher volatility of 8.00% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.51%. This indicates that EL40.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
| EL40.DE | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.00% | 3.51% | +4.49% |
Volatility (6M)Calculated over the trailing 6-month period | 15.83% | 8.37% | +7.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.69% | 11.72% | +14.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.75% | 15.03% | +5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.44% | 17.36% | +3.08% |
EL40.DE vs. SPYV.DE - Expense Ratio Comparison
EL40.DE has a 0.66% expense ratio, which is higher than SPYV.DE's 0.55% expense ratio.
Dividends
EL40.DE vs. SPYV.DE - Dividend Comparison
EL40.DE has not paid dividends to shareholders, while SPYV.DE's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL40.DE Deka MSCI Emerging Markets UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.07% | 0.00% | 0.02% | 0.00% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.83% | 3.96% | 4.01% | 4.96% | 4.71% | 3.21% | 3.29% | 3.59% | 3.58% | 2.96% | 4.34% | 5.98% |
Frequently Asked Questions
EL40.DE and SPYV.DE have a correlation of 0.66, 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 0.66% for EL40.DE.
EL40.DE tracks MSCI Emerging Markets, while SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats. They also come from different issuers: Deka Investment GmbH and State Street. Their fees differ too: 0.66% for EL40.DE and 0.55% for SPYV.DE.
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