SPPD.DE vs. SPYD.DE

Last updated Jul 4, 2026

SPPD.DE (State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist)) and SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) are both Dividend funds from State Street - SPPD.DE tracks the S&P High Yield Dividend Aristocrats EUR Dynamic Hedged Index while SPYD.DE tracks the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, SPPD.DE returned 4.50%/yr vs 7.85%/yr for SPYD.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPPD.DE charges 0.40%/yr vs 0.35%/yr for SPYD.DE.

Performance

SPPD.DE vs. SPYD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) (SPPD.DE) and State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPD.DE achieves a 10.52% return, which is significantly lower than SPYD.DE's 14.85% 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*: —

SPYD.DE

• 1D: 0.40%
• 1M: 6.10%
• 6M: 14.61%
• YTD: 14.85%
• 1Y: 17.32%
• 3Y*: 8.66%
• 5Y*: 7.85%
• 10Y*: 8.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPD.DE vs. SPYD.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%
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)	14.85%	-3.53%	14.02%	-1.46%	5.40%	36.24%	-8.60%	9.70%

Correlation

The correlation between SPPD.DE and SPYD.DE is 0.80, 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	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.84

The correlation between SPPD.DE and SPYD.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

SPPD.DE vs. SPYD.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPD.DE

SPPD.DE Risk / Return Rank: 35
SPPD.DE Sharpe Ratio Rank: 38
SPPD.DE Sortino Ratio Rank: 39
SPPD.DE Omega Ratio Rank: 34
SPPD.DE Calmar Ratio Rank: 35
SPPD.DE Martin Ratio Rank: 29

SPYD.DE

SPYD.DE Risk / Return Rank: 61
SPYD.DE Sharpe Ratio Rank: 62
SPYD.DE Sortino Ratio Rank: 65
SPYD.DE Omega Ratio Rank: 58
SPYD.DE Calmar Ratio Rank: 69
SPYD.DE Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPD.DE vs. SPYD.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 State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.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	SPYD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.69	-0.53
Sortino ratio: Return per unit of downside risk	1.74	2.48	-0.74
Omega ratio: Gain probability vs. loss probability	1.20	1.29	-0.09
Calmar ratio: Return relative to maximum drawdown	1.54	2.80	-1.26
Martin ratio: Return relative to average drawdown	3.57	7.19	-3.62

SPPD.DE vs. SPYD.DE - Sharpe Ratio Comparison

The current SPPD.DE Sharpe Ratio is 1.16, which is lower than the SPYD.DE Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SPPD.DE and SPYD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPPD.DE vs. SPYD.DE - Drawdown Comparison

The maximum SPPD.DE drawdown since its inception was -34.00%, smaller than the maximum SPYD.DE drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for SPPD.DE and SPYD.DE.

Drawdown Indicators

	SPPD.DE	SPYD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.00%	-35.89%	+1.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-6.16%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-15.99%	-19.35%	+3.36%
Max Drawdown (5Y) Largest decline over 5 years	-18.53%	-19.35%	+0.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.89%	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-6.09%	-6.57%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	2.40%	+0.79%

Volatility

SPPD.DE vs. SPYD.DE - Volatility Comparison

State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) (SPPD.DE) has a higher volatility of 2.88% compared to State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) at 2.58%. This indicates that SPPD.DE's price experiences larger fluctuations and is considered to be riskier than SPYD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPD.DE	SPYD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.58%	+0.30%
Volatility (6M) Calculated over the trailing 6-month period	7.16%	7.46%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	9.84%	10.26%	-0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	13.48%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	15.83%	+1.21%

SPPD.DE vs. SPYD.DE - Expense Ratio Comparison

SPPD.DE has a 0.40% expense ratio, which is higher than SPYD.DE's 0.35% expense ratio.

Dividends

SPPD.DE vs. SPYD.DE - Dividend Comparison

SPPD.DE's dividend yield for the trailing twelve months is around 1.98%, which matches SPYD.DE's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)	1.97%	2.23%	1.97%	2.30%	2.16%	2.07%	2.52%	2.01%	1.66%	1.87%	1.74%	2.02%

Frequently Asked Questions

Can I hold both SPPD.DE and SPYD.DE in my portfolio?

SPPD.DE and SPYD.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPD.DE or SPYD.DE?

On fees, SPYD.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPPD.DE or SPYD.DE?

SPYD.DE is cheaper with a 0.35% expense ratio, compared with 0.40% for SPPD.DE.

What is the main difference between SPPD.DE and SPYD.DE?

SPPD.DE tracks S&P High Yield Dividend Aristocrats EUR Dynamic Hedged Index, while SPYD.DE tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.40% for SPPD.DE and 0.35% for SPYD.DE.