SPY2.DE vs. SPYV

Last updated Jun 5, 2026

SPY2.DE (SPDR Dow Jones Global Real Estate UCITS ETF Accumulating) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - SPY2.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities, while SPYV is a S&P 500 fund tracking the S&P 500 Value. Both are passively managed. Over the past 5 years, SPY2.DE returned 2.27%/yr vs 11.92%/yr for SPYV. At a 0.44 correlation, their price movements are largely independent. SPY2.DE charges 0.40%/yr vs 0.04%/yr for SPYV.

Performance

SPY2.DE vs. SPYV - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and SPDR Portfolio S&P 500 Value ETF (SPYV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPY2.DE is traded in EUR, while SPYV is traded in USD. To make them comparable, the SPYV values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPY2.DE achieves a 8.38% return, which is significantly lower than SPYV's 9.68% return.

SPY2.DE

• 1D: 0.10%
• 1M: -0.62%
• YTD: 8.38%
• 6M: 7.13%
• 1Y: 10.21%
• 3Y*: 5.92%
• 5Y*: 2.27%
• 10Y*: —

SPYV

• 1D: 0.78%
• 1M: 3.03%
• YTD: 9.68%
• 6M: 9.34%
• 1Y: 20.66%
• 3Y*: 13.07%
• 5Y*: 11.92%
• 10Y*: 11.65%

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

SPY2.DE vs. SPYV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating	8.38%	-2.42%	5.09%	7.66%	-20.98%	41.62%	-18.78%	-1.52%
SPYV SPDR Portfolio S&P 500 Value ETF	9.68%	-0.25%	19.65%	18.54%	0.59%	34.26%	-6.98%	8.15%

Correlation

The correlation between SPY2.DE and SPYV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 18, 2019	0.44

Return for Risk

SPY2.DE vs. SPYV — Risk / Return Rank

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

SPY2.DE

SPY2.DE Risk / Return Rank: 27
SPY2.DE Sharpe Ratio Rank: 25
SPY2.DE Sortino Ratio Rank: 24
SPY2.DE Omega Ratio Rank: 24
SPY2.DE Calmar Ratio Rank: 31
SPY2.DE Martin Ratio Rank: 30

SPYV

SPYV Risk / Return Rank: 73
SPYV Sharpe Ratio Rank: 72
SPYV Sortino Ratio Rank: 73
SPYV Omega Ratio Rank: 71
SPYV Calmar Ratio Rank: 74
SPYV Martin Ratio Rank: 75

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.

SPY2.DE vs. SPYV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.

	SPY2.DE	SPYV	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.95	-1.07
Sortino ratio: Return per unit of downside risk	1.26	2.58	-1.32
Omega ratio: Gain probability vs. loss probability	1.16	1.36	-0.20
Calmar ratio: Return relative to maximum drawdown	1.48	4.10	-2.62
Martin ratio: Return relative to average drawdown	4.38	13.87	-9.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY2.DE vs. SPYV - Sharpe Ratio Comparison

The current SPY2.DE Sharpe Ratio is 0.89, which is lower than the SPYV Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of SPY2.DE and SPYV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPY2.DE	SPYV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.95	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.83	-0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.48	-0.43

Drawdowns

SPY2.DE vs. SPYV - Drawdown Comparison

The maximum SPY2.DE drawdown since its inception was -42.59%, smaller than the maximum SPYV drawdown of -53.67%. Use the drawdown chart below to compare losses from any high point for SPY2.DE and SPYV.

Drawdown Indicators

	SPY2.DE	SPYV	Difference
Max Drawdown Largest peak-to-trough decline	-42.59%	-53.67%	+11.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.86%	-5.06%	-1.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-22.06%	+1.92%
Max Drawdown (5Y) Largest decline over 5 years	-30.72%	-22.06%	-8.66%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.28%	—
Current Drawdown Current decline from peak	-7.69%	0.00%	-7.69%
Average Drawdown Average peak-to-trough decline	-15.50%	-9.69%	-5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.49%	+0.84%

Volatility

SPY2.DE vs. SPYV - Volatility Comparison

SPDR Dow Jones Global Real Estate UCITS ETF Accumulating (SPY2.DE) has a higher volatility of 2.82% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 1.77%. This indicates that SPY2.DE's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPY2.DE	SPYV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.82%	1.77%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	7.47%	+1.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.46%	10.65%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	14.49%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	17.59%	+2.32%

SPY2.DE vs. SPYV - Expense Ratio Comparison

SPY2.DE has a 0.40% expense ratio, which is higher than SPYV's 0.04% expense ratio.

Dividends

SPY2.DE vs. SPYV - Dividend Comparison

SPY2.DE has not paid dividends to shareholders, while SPYV's dividend yield for the trailing twelve months is around 1.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY2.DE SPDR Dow Jones Global Real Estate UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYV SPDR Portfolio S&P 500 Value ETF	1.68%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%

Frequently Asked Questions

Can I hold both SPY2.DE and SPYV in my portfolio?

SPY2.DE and SPYV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPY2.DE or SPYV?

On fees, SPYV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPY2.DE or SPYV?

SPYV is cheaper with a 0.04% expense ratio, compared with 0.40% for SPY2.DE.

What is the main difference between SPY2.DE and SPYV?

SPY2.DE is categorized as REIT, while SPYV is S&P 500. SPY2.DE tracks Dow Jones Global Select Real Estate Securities, while SPYV tracks S&P 500 Value. Their fees differ too: 0.40% for SPY2.DE and 0.04% for SPYV.