ESGM.DE vs. SPYV.DE
ESGM.DE (Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - ESGM.DE tracks the MSCI Emerging Markets ESG Universal Select Business Screens while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 3 years, ESGM.DE returned 20.28%/yr vs 9.94%/yr for SPYV.DE. A 0.77 correlation means they provide meaningful diversification when combined. ESGM.DE charges 0.19%/yr vs 0.55%/yr for SPYV.DE.
Performance
ESGM.DE vs. SPYV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ESGM.DE achieves a 29.14% return, which is significantly higher than SPYV.DE's 5.71% return.
ESGM.DE
- 1D
- -1.89%
- 1M
- 5.25%
- YTD
- 29.14%
- 6M
- 30.08%
- 1Y
- 49.72%
- 3Y*
- 20.28%
- 5Y*
- —
- 10Y*
- —
SPYV.DE
- 1D
- -0.23%
- 1M
- -2.71%
- YTD
- 5.71%
- 6M
- 3.72%
- 1Y
- 10.59%
- 3Y*
- 9.94%
- 5Y*
- 6.00%
- 10Y*
- 6.23%
ESGM.DE vs. SPYV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc | 29.14% | 18.22% | 12.10% | 5.50% | -14.87% | -3.89% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 1.39% | -2.70% | 0.24% |
Correlation
The correlation between ESGM.DE and SPYV.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021 | 0.77 |
The correlation between ESGM.DE and SPYV.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
ESGM.DE vs. SPYV.DE — Risk / Return Rank
ESGM.DE
SPYV.DE
ESGM.DE vs. SPYV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.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.
| ESGM.DE | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.16 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 4.69 | 1.31 | +3.37 |
| Martin ratioReturn relative to average drawdown | 17.49 | 3.29 | +14.20 |
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
| ESGM.DE | SPYV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 0.92 | +1.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.18 | +0.31 |
Drawdowns
ESGM.DE vs. SPYV.DE - Drawdown Comparison
The maximum ESGM.DE drawdown since its inception was -23.67%, smaller than the maximum SPYV.DE drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for ESGM.DE and SPYV.DE.
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Drawdown Indicators
| ESGM.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.67% | -43.79% | +20.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -8.15% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -19.03% | -16.93% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.19% | — |
Current DrawdownCurrent decline from peak | -2.36% | -5.09% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -12.48% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.26% | -0.36% |
Volatility
ESGM.DE vs. SPYV.DE - Volatility Comparison
Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) has a higher volatility of 7.41% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.51%. This indicates that ESGM.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
| ESGM.DE | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 3.51% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 15.79% | 8.37% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.41% | 11.72% | +6.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.02% | 15.03% | +1.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.02% | 17.36% | -0.34% |
ESGM.DE vs. SPYV.DE - Expense Ratio Comparison
ESGM.DE has a 0.19% expense ratio, which is lower than SPYV.DE's 0.55% expense ratio.
Dividends
ESGM.DE vs. SPYV.DE - Dividend Comparison
ESGM.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened 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) | 3.83% | 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
ESGM.DE and SPYV.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESGM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESGM.DE is cheaper with a 0.19% expense ratio, compared with 0.55% for SPYV.DE.
ESGM.DE tracks MSCI Emerging Markets ESG Universal Select Business Screens, while SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for ESGM.DE and 0.55% for SPYV.DE.
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