SPYD.DE vs. SPYL.DE
SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SPYD.DE is a Dividend fund tracking the S&P High Yield Dividend Aristocrats Index, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SPYD.DE returned 17.32% vs 23.84% for SPYL.DE. At a 0.42 correlation, their price movements are largely independent. SPYD.DE charges 0.35%/yr vs 0.03%/yr for SPYL.DE.
Performance
SPYD.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYD.DE achieves a 14.85% return, which is significantly higher than SPYL.DE's 11.99% return.
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%
SPYL.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 12.78%
- YTD
- 11.99%
- 1Y
- 23.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYD.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) | 14.85% | -3.53% | 14.02% | 7.56% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.99% | 4.71% | 32.33% | 8.23% |
Correlation
The correlation between SPYD.DE and SPYL.DE 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 (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.42 |
The correlation between SPYD.DE and SPYL.DE shifts across timeframes, from 0.26 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYD.DE vs. SPYL.DE — Risk / Return Rank
SPYD.DE
SPYL.DE
SPYD.DE vs. SPYL.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 UCITS ETF (Dist) (SPYD.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| SPYD.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.36 | -0.56 |
| Martin ratioReturn relative to average drawdown | 7.19 | 11.80 | -4.61 |
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Drawdowns
SPYD.DE vs. SPYL.DE - Drawdown Comparison
The maximum SPYD.DE drawdown since its inception was -35.89%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for SPYD.DE and SPYL.DE.
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Drawdown Indicators
| SPYD.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.89% | -23.27% | -12.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -7.13% | +0.97% |
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 | 0.00% | -0.86% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -3.31% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.03% | +0.37% |
Volatility
SPYD.DE vs. SPYL.DE - Volatility Comparison
The current volatility for State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) is 2.58%, while State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a volatility of 3.64%. This indicates that SPYD.DE experiences smaller price fluctuations and is considered to be less risky than SPYL.DE 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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.64% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 8.15% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 12.03% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 15.00% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 15.00% | +0.83% |
SPYD.DE vs. SPYL.DE - Expense Ratio Comparison
SPYD.DE has a 0.35% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
SPYD.DE vs. SPYL.DE - Dividend Comparison
SPYD.DE's dividend yield for the trailing twelve months is around 1.97%, while SPYL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (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% |
Frequently Asked Questions
SPYD.DE and SPYL.DE 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, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.35% for SPYD.DE.
SPYD.DE is categorized as Dividend, while SPYL.DE is S&P 500. SPYD.DE tracks S&P High Yield Dividend Aristocrats Index, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.35% for SPYD.DE and 0.03% for SPYL.DE.
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