SPYD.DE vs. ALLW
SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) and ALLW (State Street Bridgewater All Weather ETF) are both exchange-traded funds - SPYD.DE is a Dividend fund tracking the S&P High Yield Dividend Aristocrats Index, while ALLW is a Tactical Allocation fund actively managed by State Street. SPYD.DE is passively managed, while ALLW is actively managed. Over the past year, SPYD.DE returned 16.70% vs 19.37% for ALLW. At a 0.20 correlation, their price movements are largely independent. SPYD.DE charges 0.35%/yr vs 0.85%/yr for ALLW.
Performance
SPYD.DE vs. ALLW - Performance Comparison
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Different Trading Currencies
SPYD.DE is traded in EUR, while ALLW is traded in USD. To make them comparable, the ALLW values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYD.DE achieves a 15.34% return, which is significantly higher than ALLW's 9.22% return.
SPYD.DE
- 1D
- 0.35%
- 1M
- 4.14%
- 6M
- 9.13%
- YTD
- 15.34%
- 1Y
- 16.70%
- 3Y*
- 9.44%
- 5Y*
- 7.89%
- 10Y*
- 8.39%
ALLW
- 1D
- 0.28%
- 1M
- -0.17%
- 6M
- 4.30%
- YTD
- 9.22%
- 1Y
- 19.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYD.DE vs. ALLW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) | 15.34% | -2.91% |
ALLW State Street Bridgewater All Weather ETF | 9.22% | 5.97% |
Correlation
The correlation between SPYD.DE and ALLW is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.20 |
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Return for Risk
SPYD.DE vs. ALLW — Risk / Return Rank
SPYD.DE
ALLW
SPYD.DE vs. ALLW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) and State Street Bridgewater All Weather ETF (ALLW). 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.
| SPYD.DE | ALLW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 3.45 | -0.75 |
| Martin ratioReturn relative to average drawdown | 6.94 | 13.06 | -6.12 |
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Drawdowns
SPYD.DE vs. ALLW - Drawdown Comparison
The maximum SPYD.DE drawdown since its inception was -35.89%, which is greater than ALLW's maximum drawdown of -10.38%. Use the drawdown chart below to compare losses from any high point for SPYD.DE and ALLW.
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Drawdown Indicators
| SPYD.DE | ALLW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.89% | -10.38% | -25.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -5.65% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.89% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.73% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -2.27% | -4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.49% | +0.91% |
Volatility
SPYD.DE vs. ALLW - Volatility Comparison
State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) has a higher volatility of 3.24% compared to State Street Bridgewater All Weather ETF (ALLW) at 2.17%. This indicates that SPYD.DE's price experiences larger fluctuations and is considered to be riskier than ALLW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYD.DE | ALLW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 2.17% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 8.00% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 9.96% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 12.42% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 12.42% | +3.42% |
SPYD.DE vs. ALLW - Expense Ratio Comparison
SPYD.DE has a 0.35% expense ratio, which is lower than ALLW's 0.85% expense ratio.
Dividends
SPYD.DE vs. ALLW - Dividend Comparison
SPYD.DE's dividend yield for the trailing twelve months is around 1.96%, less than ALLW's 4.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALLW State Street Bridgewater All Weather ETF | 4.39% | 4.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) | 1.96% | 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
SPYD.DE and ALLW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPYD.DE is cheaper with a 0.35% expense ratio, compared with 0.85% for ALLW.
SPYD.DE is categorized as Dividend, while ALLW is Tactical Allocation. Their fees differ too: 0.35% for SPYD.DE and 0.85% for ALLW.
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