SPPD.DE vs. HDLV.DE
SPPD.DE (State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist)) and HDLV.DE (Invesco S&P 500 High Dividend Low Volatility UCITS ETF) are both Dividend funds - SPPD.DE tracks the S&P High Yield Dividend Aristocrats EUR Dynamic Hedged Index while HDLV.DE tracks the S&P 500 Low Volatility High Dividend Net Total Return Index. Both are passively managed. Over the past 5 years, SPPD.DE returned 4.50%/yr vs 7.63%/yr for HDLV.DE. A 0.76 correlation means they provide meaningful diversification when combined. SPPD.DE charges 0.40%/yr vs 0.30%/yr for HDLV.DE.
Performance
SPPD.DE vs. HDLV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPD.DE achieves a 10.52% return, which is significantly lower than HDLV.DE's 12.89% return.
SPPD.DE
- 1D
- 0.43%
- 1M
- 4.51%
- 6M
- 11.05%
- YTD
- 10.52%
- 1Y
- 11.42%
- 3Y*
- 7.97%
- 5Y*
- 4.50%
- 10Y*
- —
HDLV.DE
- 1D
- 0.44%
- 1M
- 6.78%
- 6M
- 13.04%
- YTD
- 12.89%
- 1Y
- 14.06%
- 3Y*
- 9.63%
- 5Y*
- 7.63%
- 10Y*
- 6.48%
SPPD.DE vs. HDLV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPD.DE State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) | 10.52% | 5.92% | 5.78% | -0.99% | -3.82% | 24.32% | -1.64% | 7.24% |
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 12.89% | -8.06% | 23.32% | -2.45% | 6.28% | 35.97% | -19.13% | 8.48% |
Correlation
The correlation between SPPD.DE and HDLV.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019 | 0.76 |
The correlation between SPPD.DE and HDLV.DE has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
SPPD.DE vs. HDLV.DE — Risk / Return Rank
SPPD.DE
HDLV.DE
SPPD.DE vs. HDLV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) (SPPD.DE) and Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.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.
| SPPD.DE | HDLV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.13 | -0.59 |
| Martin ratioReturn relative to average drawdown | 3.57 | 5.44 | -1.87 |
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Drawdowns
SPPD.DE vs. HDLV.DE - Drawdown Comparison
The maximum SPPD.DE drawdown since its inception was -34.00%, smaller than the maximum HDLV.DE drawdown of -39.21%. Use the drawdown chart below to compare losses from any high point for SPPD.DE and HDLV.DE.
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Drawdown Indicators
| SPPD.DE | HDLV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.00% | -39.21% | +5.21% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -6.56% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -15.99% | -19.09% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -19.99% | +1.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.21% | — |
Current DrawdownCurrent decline from peak | -0.10% | -2.47% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -6.09% | -8.71% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.58% | +0.61% |
Volatility
SPPD.DE vs. HDLV.DE - Volatility Comparison
The current volatility for State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) (SPPD.DE) is 2.88%, while Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLV.DE) has a volatility of 3.52%. This indicates that SPPD.DE experiences smaller price fluctuations and is considered to be less risky than HDLV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPD.DE | HDLV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 3.52% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 8.46% | -1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.84% | 10.99% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 13.60% | +0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 17.10% | -0.06% |
SPPD.DE vs. HDLV.DE - Expense Ratio Comparison
SPPD.DE has a 0.40% expense ratio, which is higher than HDLV.DE's 0.30% expense ratio.
Dividends
SPPD.DE vs. HDLV.DE - Dividend Comparison
SPPD.DE's dividend yield for the trailing twelve months is around 1.98%, less than HDLV.DE's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDLV.DE Invesco S&P 500 High Dividend Low Volatility UCITS ETF | 3.47% | 4.01% | 3.43% | 4.14% | 3.60% | 3.24% | 4.64% | 3.68% | 3.70% | 3.22% | 2.93% | 1.86% |
SPPD.DE State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) | 1.98% | 2.11% | 2.01% | 2.22% | 2.16% | 2.15% | 2.31% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPD.DE and HDLV.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDLV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDLV.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for SPPD.DE.
SPPD.DE tracks S&P High Yield Dividend Aristocrats EUR Dynamic Hedged Index, while HDLV.DE tracks S&P 500 Low Volatility High Dividend Net Total Return Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.40% for SPPD.DE and 0.30% for HDLV.DE.
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