IAPD.AS vs. SPYD
IAPD.AS (iShares Asia Pacific Dividend UCITS ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - IAPD.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Over the past 10 years, IAPD.AS returned 5.50%/yr vs 8.65%/yr for SPYD. At a 0.42 correlation, their price movements are largely independent. IAPD.AS charges 0.59%/yr vs 0.07%/yr for SPYD.
Performance
IAPD.AS vs. SPYD - Performance Comparison
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Different Trading Currencies
IAPD.AS is traded in EUR, while SPYD is traded in USD. To make them comparable, the SPYD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IAPD.AS achieves a 2.70% return, which is significantly lower than SPYD's 16.71% return. Over the past 10 years, IAPD.AS has underperformed SPYD with an annualized return of 5.50%, while SPYD has yielded a comparatively higher 8.65% annualized return.
IAPD.AS
- 1D
- 0.00%
- 1M
- 2.66%
- YTD
- 2.70%
- 6M
- 2.70%
- 1Y
- 20.28%
- 3Y*
- 13.71%
- 5Y*
- 8.30%
- 10Y*
- 5.50%
SPYD
- 1D
- 0.48%
- 1M
- 3.43%
- YTD
- 16.71%
- 6M
- 16.51%
- 1Y
- 20.62%
- 3Y*
- 13.67%
- 5Y*
- 8.99%
- 10Y*
- 8.65%
IAPD.AS vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IAPD.AS iShares Asia Pacific Dividend UCITS ETF | 2.70% | 13.43% | 13.03% | 9.11% | 4.12% | 12.14% | -17.28% | 16.04% | -10.54% | 2.53% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 16.71% | -7.77% | 22.96% | 0.80% | 4.95% | 42.66% | -18.93% | 23.94% | -0.43% | -1.18% |
Correlation
The correlation between IAPD.AS and SPYD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2015 | 0.42 |
Over the past year, the correlation between IAPD.AS and SPYD has dropped to 0.22 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
IAPD.AS vs. SPYD — Risk / Return Rank
IAPD.AS
SPYD
IAPD.AS vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS ETF (IAPD.AS) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.
| IAPD.AS | SPYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 2.36 | 1.29 | +1.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.84 | 3.59 | +3.25 |
| Martin ratioReturn relative to average drawdown | 39.82 | 9.75 | +30.08 |
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Drawdowns
IAPD.AS vs. SPYD - Drawdown Comparison
The maximum IAPD.AS drawdown since its inception was -75.90%, which is greater than SPYD's maximum drawdown of -45.82%. Use the drawdown chart below to compare losses from any high point for IAPD.AS and SPYD.
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Drawdown Indicators
| IAPD.AS | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.90% | -45.82% | -30.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -5.77% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -20.06% | -19.95% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.06% | -22.47% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -42.65% | -45.82% | +3.17% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -25.02% | -8.05% | -16.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 2.13% | -1.59% |
Volatility
IAPD.AS vs. SPYD - Volatility Comparison
The current volatility for iShares Asia Pacific Dividend UCITS ETF (IAPD.AS) is 2.62%, while State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 3.43%. This indicates that IAPD.AS experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IAPD.AS | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.43% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 8.70% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.61% | 12.12% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 15.83% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.37% | 20.21% | -4.84% |
IAPD.AS vs. SPYD - Expense Ratio Comparison
IAPD.AS has a 0.59% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Dividends
IAPD.AS vs. SPYD - Dividend Comparison
IAPD.AS's dividend yield for the trailing twelve months is around 4.75%, more than SPYD's 4.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAPD.AS iShares Asia Pacific Dividend UCITS ETF | 4.75% | 4.31% | 5.20% | 5.83% | 7.01% | 5.42% | 3.68% | 5.52% | 5.93% | 4.78% | 4.40% | 5.39% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.25% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
IAPD.AS and SPYD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.59% for IAPD.AS.
IAPD.AS is categorized as Asia Pacific Equities, while SPYD is S&P 500. IAPD.AS tracks MSCI AC Asia Pacific NR USD, while SPYD tracks S&P 500 High Dividend Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.59% for IAPD.AS and 0.07% for SPYD.
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