OEUR vs. SPY
Compare and contrast key facts about OShares Europe Quality Dividend ETF (OEUR) and SPDR S&P 500 ETF (SPY).
OEUR and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OEUR is a passively managed fund by O'Shares Investments that tracks the performance of the OEUR-US - O'Shares Europe Quality Dividend Index. It was launched on Aug 19, 2015. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both OEUR and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OEUR or SPY.
Performance
OEUR vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, OEUR achieves a 2.68% return, which is significantly lower than SPY's 25.36% return.
OEUR
2.68%
-7.76%
-5.80%
9.89%
6.12%
N/A
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| OEUR | SPY | |
|---|---|---|
| Sharpe Ratio | 0.82 | 2.69 |
| Sortino Ratio | 1.22 | 3.59 |
| Omega Ratio | 1.14 | 1.50 |
| Calmar Ratio | 0.94 | 3.89 |
| Martin Ratio | 3.23 | 17.53 |
| Ulcer Index | 3.26% | 1.87% |
| Daily Std Dev | 12.82% | 12.15% |
| Max Drawdown | -33.01% | -55.19% |
| Current Drawdown | -10.92% | -1.41% |
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OEUR vs. SPY - Expense Ratio Comparison
OEUR has a 0.48% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between OEUR and SPY is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
OEUR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for OShares Europe Quality Dividend ETF (OEUR) and SPDR S&P 500 ETF (SPY). 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.
Dividends
OEUR vs. SPY - Dividend Comparison
OEUR's dividend yield for the trailing twelve months is around 3.82%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OEUR OShares Europe Quality Dividend ETF | 3.82% | 4.27% | 2.13% | 2.01% | 3.66% | 3.66% | 3.49% | 3.01% | 2.87% | 0.64% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
OEUR vs. SPY - Drawdown Comparison
The maximum OEUR drawdown since its inception was -33.01%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for OEUR and SPY. For additional features, visit the drawdowns tool.
Volatility
OEUR vs. SPY - Volatility Comparison
OShares Europe Quality Dividend ETF (OEUR) has a higher volatility of 4.35% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that OEUR's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.