IUSW.DE vs. SPYV.DE
IUSW.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - IUSW.DE tracks the MSCI Saudi Arabia 20/35 Index while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 5 years, IUSW.DE returned 2.61%/yr vs 6.03%/yr for SPYV.DE. At a 0.40 correlation, their price movements are largely independent. IUSW.DE charges 0.60%/yr vs 0.55%/yr for SPYV.DE.
Performance
IUSW.DE vs. SPYV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSW.DE achieves a 8.49% return, which is significantly higher than SPYV.DE's 6.43% return.
IUSW.DE
- 1D
- 0.44%
- 1M
- 0.44%
- 6M
- 7.23%
- YTD
- 8.49%
- 1Y
- 4.49%
- 3Y*
- -1.13%
- 5Y*
- 2.61%
- 10Y*
- —
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%
IUSW.DE vs. SPYV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 8.49% | -15.93% | 5.30% | 5.93% | 0.43% | 46.72% | -7.49% | -22.80% |
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% | 4.12% |
Correlation
The correlation between IUSW.DE and SPYV.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2019 | 0.40 |
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Return for Risk
IUSW.DE vs. SPYV.DE — Risk / Return Rank
IUSW.DE
SPYV.DE
IUSW.DE vs. SPYV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.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.
| IUSW.DE | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.04 | -0.66 |
| Martin ratioReturn relative to average drawdown | 0.96 | 2.38 | -1.42 |
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Drawdowns
IUSW.DE vs. SPYV.DE - Drawdown Comparison
The maximum IUSW.DE drawdown since its inception was -47.12%, roughly equal to the maximum SPYV.DE drawdown of -49.58%. Use the drawdown chart below to compare losses from any high point for IUSW.DE and SPYV.DE.
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Drawdown Indicators
| IUSW.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.12% | -49.58% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -8.13% | -3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | -16.98% | -4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -31.40% | -17.60% | -13.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.16% | — |
Current DrawdownCurrent decline from peak | -24.34% | -4.45% | -19.89% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -20.24% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 3.54% | +1.11% |
Volatility
IUSW.DE vs. SPYV.DE - Volatility Comparison
iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.DE) has a higher volatility of 3.32% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.14%. This indicates that IUSW.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
| IUSW.DE | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.14% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 8.46% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 11.48% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 14.92% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 17.07% | +2.62% |
IUSW.DE vs. SPYV.DE - Expense Ratio Comparison
IUSW.DE has a 0.60% expense ratio, which is higher than SPYV.DE's 0.55% expense ratio.
Dividends
IUSW.DE vs. SPYV.DE - Dividend Comparison
IUSW.DE's dividend yield for the trailing twelve months is around 3.21%, less than SPYV.DE's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.21% | 3.79% | 2.60% | 2.13% | 1.81% | 1.21% | 3.52% | 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
IUSW.DE and SPYV.DE have a correlation of 0.33, 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 0.60% for IUSW.DE.
IUSW.DE tracks MSCI Saudi Arabia 20/35 Index, while SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats. They also come from different issuers: iShares and State Street. Their fees differ too: 0.60% for IUSW.DE and 0.55% for SPYV.DE.
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