SPFE.DE vs. SPYW.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SPFE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 5 years, SPFE.DE returned -1.22%/yr vs 8.07%/yr for SPYW.DE. At a 0.07 correlation, their price movements are largely independent. SPFE.DE charges 0.10%/yr vs 0.30%/yr for SPYW.DE.
Performance
SPFE.DE vs. SPYW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than SPYW.DE's 5.36% return.
SPFE.DE
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.14%
- 6M
- -0.29%
- 1Y
- 1.30%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SPFE.DE vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 5.90% | 0.18% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -5.10% |
Correlation
The correlation between SPFE.DE and SPYW.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | 0.07 |
Over the past year, SPFE.DE and SPYW.DE have become more correlated (0.37) than their long-term average of 0.07, meaning their price movements have been converging.
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Return for Risk
SPFE.DE vs. SPYW.DE — Risk / Return Rank
SPFE.DE
SPYW.DE
SPFE.DE vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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.
| SPFE.DE | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.14 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 0.98 | -0.51 |
| Martin ratioReturn relative to average drawdown | 1.36 | 3.14 | -1.78 |
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
| SPFE.DE | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.74 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.60 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.53 | -0.49 |
Drawdowns
SPFE.DE vs. SPYW.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and SPYW.DE.
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Drawdown Indicators
| SPFE.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -38.68% | +21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -7.99% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -11.64% | +7.66% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -23.97% | +7.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.68% | — |
Current DrawdownCurrent decline from peak | -8.27% | -2.54% | -5.73% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -5.62% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.50% | -1.55% |
Volatility
SPFE.DE vs. SPYW.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 1.55%, while SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 2.92%. This indicates that SPFE.DE experiences smaller price fluctuations and is considered to be less risky than SPYW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFE.DE | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.92% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 8.76% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 10.65% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 13.27% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 14.88% | -10.82% |
SPFE.DE vs. SPYW.DE - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
SPFE.DE vs. SPYW.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, less than SPYW.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% | 0.00% | 0.00% | 0.00% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
SPFE.DE and SPYW.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for SPYW.DE.
SPFE.DE is categorized as Global Bonds, while SPYW.DE is Europe Equities. SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.10% for SPFE.DE and 0.30% for SPYW.DE.
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