SPYD.DE vs. IWVL.L
SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) and IWVL.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Acc)) are both exchange-traded funds - SPYD.DE is a Dividend fund tracking the S&P High Yield Dividend Aristocrats Index, while IWVL.L is a Global Equities fund tracking the MSCI World Enhanced Value Index. Both are passively managed. Over the past 10 years, SPYD.DE returned 8.39%/yr vs 11.89%/yr for IWVL.L. A 0.67 correlation means they provide meaningful diversification when combined. SPYD.DE charges 0.35%/yr vs 0.25%/yr for IWVL.L.
Performance
SPYD.DE vs. IWVL.L - Performance Comparison
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Different Trading Currencies
SPYD.DE is traded in EUR, while IWVL.L is traded in USD. To make them comparable, the IWVL.L 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 lower than IWVL.L's 30.87% return. Over the past 10 years, SPYD.DE has underperformed IWVL.L with an annualized return of 8.39%, while IWVL.L has yielded a comparatively higher 11.89% annualized 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%
IWVL.L
- 1D
- -0.47%
- 1M
- -4.48%
- 6M
- 24.89%
- YTD
- 30.87%
- 1Y
- 56.30%
- 3Y*
- 24.76%
- 5Y*
- 16.88%
- 10Y*
- 11.89%
SPYD.DE vs. IWVL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) | 15.34% | -3.53% | 14.02% | -1.46% | 5.40% | 36.24% | -8.60% | 25.98% | 0.02% | 1.45% |
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 30.87% | 23.76% | 12.07% | 15.95% | -4.20% | 29.10% | -11.61% | 20.80% | -10.00% | 7.53% |
Correlation
The correlation between SPYD.DE and IWVL.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.67 |
Over the past year, the correlation between SPYD.DE and IWVL.L has dropped to 0.26 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
SPYD.DE vs. IWVL.L — Risk / Return Rank
SPYD.DE
IWVL.L
SPYD.DE vs. IWVL.L - 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 iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L). 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 | IWVL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.60 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 8.11 | -5.41 |
| Martin ratioReturn relative to average drawdown | 6.94 | 27.92 | -20.98 |
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Drawdowns
SPYD.DE vs. IWVL.L - Drawdown Comparison
The maximum SPYD.DE drawdown since its inception was -35.89%, roughly equal to the maximum IWVL.L drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for SPYD.DE and IWVL.L.
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Drawdown Indicators
| SPYD.DE | IWVL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.89% | -35.49% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -6.91% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -16.98% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | -16.98% | -2.37% |
Max Drawdown (10Y)Largest decline over 10 years | -35.89% | -35.49% | -0.40% |
Current DrawdownCurrent decline from peak | -0.32% | -5.76% | +5.44% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -5.84% | -0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.01% | +0.39% |
Volatility
SPYD.DE vs. IWVL.L - Volatility Comparison
The current volatility for State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) is 3.24%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) (IWVL.L) has a volatility of 5.94%. This indicates that SPYD.DE experiences smaller price fluctuations and is considered to be less risky than IWVL.L 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 | IWVL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.24% | 5.94% | -2.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 14.42% | -7.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 16.53% | -6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 15.13% | -1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 16.61% | -0.77% |
SPYD.DE vs. IWVL.L - Expense Ratio Comparison
SPYD.DE has a 0.35% expense ratio, which is higher than IWVL.L's 0.25% expense ratio.
Dividends
SPYD.DE vs. IWVL.L - Dividend Comparison
SPYD.DE's dividend yield for the trailing twelve months is around 1.96%, while IWVL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWVL.L iShares Edge MSCI World Value Factor UCITS ETF USD (Acc) | 0.00% | 0.00% | 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 IWVL.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWVL.L is cheaper with a 0.25% expense ratio, compared with 0.35% for SPYD.DE.
SPYD.DE is categorized as Dividend, while IWVL.L is Global Equities. SPYD.DE tracks S&P High Yield Dividend Aristocrats Index, while IWVL.L tracks MSCI World Enhanced Value Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.35% for SPYD.DE and 0.25% for IWVL.L.
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