SPY4.DE vs. 5MVL.DE
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while 5MVL.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 5 years, SPY4.DE returned 8.81%/yr vs 17.27%/yr for 5MVL.DE. A 0.55 correlation means they provide meaningful diversification when combined. SPY4.DE charges 0.30%/yr vs 0.40%/yr for 5MVL.DE.
Performance
SPY4.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY4.DE achieves a 14.09% return, which is significantly lower than 5MVL.DE's 45.83% return.
SPY4.DE
- 1D
- 0.26%
- 1M
- 2.42%
- YTD
- 14.09%
- 6M
- 13.87%
- 1Y
- 23.49%
- 3Y*
- 12.93%
- 5Y*
- 8.81%
- 10Y*
- 10.43%
5MVL.DE
- 1D
- -2.48%
- 1M
- 9.31%
- YTD
- 45.83%
- 6M
- 46.38%
- 1Y
- 81.35%
- 3Y*
- 33.99%
- 5Y*
- 17.27%
- 10Y*
- —
SPY4.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 14.09% | -3.63% | 18.67% | 13.23% | -8.82% | 35.58% | 2.35% | 29.19% | -6.88% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 45.83% | 27.25% | 21.00% | 14.58% | -10.54% | 13.07% | -2.40% | 20.39% | -2.61% |
Correlation
The correlation between SPY4.DE and 5MVL.DE is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.55 |
The correlation between SPY4.DE and 5MVL.DE has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. 5MVL.DE — Risk / Return Rank
SPY4.DE
5MVL.DE
SPY4.DE vs. 5MVL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
| SPY4.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.73 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 8.86 | -5.08 |
| Martin ratioReturn relative to average drawdown | 11.31 | 28.83 | -17.53 |
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
| SPY4.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 4.31 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 1.02 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.83 | -0.18 |
Drawdowns
SPY4.DE vs. 5MVL.DE - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.72%, which is greater than 5MVL.DE's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and 5MVL.DE.
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Drawdown Indicators
| SPY4.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -32.25% | -10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -9.30% | +3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -19.15% | -9.96% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -20.60% | -8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.88% | +3.88% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -6.27% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.87% | -0.84% |
Volatility
SPY4.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) is 3.51%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 8.71%. This indicates that SPY4.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY4.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 8.71% | -5.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 15.83% | -6.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 19.13% | -4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 16.78% | +1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 18.84% | +0.66% |
SPY4.DE vs. 5MVL.DE - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is lower than 5MVL.DE's 0.40% expense ratio.
Dividends
SPY4.DE vs. 5MVL.DE - Dividend Comparison
Neither SPY4.DE nor 5MVL.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY4.DE and 5MVL.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY4.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY4.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for 5MVL.DE.
SPY4.DE is categorized as Mid Cap Blend Equities, while 5MVL.DE is Emerging Markets Equities. SPY4.DE tracks S&P MidCap 400, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPY4.DE and 0.40% for 5MVL.DE.
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