SPYD.DE vs. SPYM.DE

Last updated Jul 4, 2026

SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SPYD.DE is a Dividend fund tracking the S&P High Yield Dividend Aristocrats Index, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SPYD.DE returned 8.71%/yr vs 9.70%/yr for SPYM.DE. At a 0.50 correlation, their price movements are largely independent. SPYD.DE charges 0.35%/yr vs 0.18%/yr for SPYM.DE.

Performance

SPYD.DE vs. SPYM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) and SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYD.DE achieves a 14.85% return, which is significantly lower than SPYM.DE's 27.63% return. Over the past 10 years, SPYD.DE has underperformed SPYM.DE with an annualized return of 8.71%, while SPYM.DE has yielded a comparatively higher 9.70% annualized 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%

SPYM.DE

• 1D: 2.08%
• 1M: -1.45%
• 6M: 23.96%
• YTD: 27.63%
• 1Y: 45.61%
• 3Y*: 20.78%
• 5Y*: 8.29%
• 10Y*: 9.70%

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

SPYD.DE vs. SPYM.DE - 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)	14.85%	-3.53%	14.02%	-1.46%	5.40%	36.24%	-8.60%	25.98%	0.02%	1.45%
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF	27.63%	19.06%	14.05%	6.05%	-14.90%	5.28%	6.27%	22.31%	-11.26%	19.74%

Correlation

The correlation between SPYD.DE and SPYM.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 14, 2011	0.50

Over the past year, the correlation between SPYD.DE and SPYM.DE has dropped to 0.10 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.

Return for Risk

SPYD.DE vs. SPYM.DE — Risk / Return Rank

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

SPYD.DE

SPYD.DE Risk / Return Rank: 61
SPYD.DE Sharpe Ratio Rank: 62
SPYD.DE Sortino Ratio Rank: 65
SPYD.DE Omega Ratio Rank: 58
SPYD.DE Calmar Ratio Rank: 69
SPYD.DE Martin Ratio Rank: 51

SPYM.DE

SPYM.DE Risk / Return Rank: 85
SPYM.DE Sharpe Ratio Rank: 86
SPYM.DE Sortino Ratio Rank: 82
SPYM.DE Omega Ratio Rank: 84
SPYM.DE Calmar Ratio Rank: 89
SPYM.DE Martin Ratio Rank: 85

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.

SPYD.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.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	SPYM.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.69	2.29	-0.60
Sortino ratio: Return per unit of downside risk	2.48	3.01	-0.53
Omega ratio: Gain probability vs. loss probability	1.29	1.41	-0.12
Calmar ratio: Return relative to maximum drawdown	2.80	4.37	-1.57
Martin ratio: Return relative to average drawdown	7.19	14.29	-7.09

SPYD.DE vs. SPYM.DE - Sharpe Ratio Comparison

The current SPYD.DE Sharpe Ratio is 1.69, which is comparable to the SPYM.DE Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of SPYD.DE and SPYM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SPYD.DE vs. SPYM.DE - Drawdown Comparison

The maximum SPYD.DE drawdown since its inception was -35.89%, smaller than the maximum SPYM.DE drawdown of -44.83%. Use the drawdown chart below to compare losses from any high point for SPYD.DE and SPYM.DE.

Drawdown Indicators

	SPYD.DE	SPYM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.89%	-44.83%	+8.94%
Max Drawdown (1Y) Largest decline over 1 year	-6.16%	-10.38%	+4.22%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-18.95%	-0.40%
Max Drawdown (5Y) Largest decline over 5 years	-19.35%	-23.25%	+3.90%
Max Drawdown (10Y) Largest decline over 10 years	-35.89%	-31.69%	-4.20%
Current Drawdown Current decline from peak	0.00%	-5.10%	+5.10%
Average Drawdown Average peak-to-trough decline	-6.57%	-17.60%	+11.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.40%	3.18%	-0.78%

Volatility

SPYD.DE vs. SPYM.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 SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 9.36%. This indicates that SPYD.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYD.DE	SPYM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.58%	9.36%	-6.78%
Volatility (6M) Calculated over the trailing 6-month period	7.46%	17.37%	-9.91%
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	19.86%	-9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.48%	17.25%	-3.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	18.51%	-2.68%

SPYD.DE vs. SPYM.DE - Expense Ratio Comparison

SPYD.DE has a 0.35% expense ratio, which is higher than SPYM.DE's 0.18% expense ratio.

Dividends

SPYD.DE vs. SPYM.DE - Dividend Comparison

SPYD.DE's dividend yield for the trailing twelve months is around 1.97%, while SPYM.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%
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF	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

Can I hold both SPYD.DE and SPYM.DE in my portfolio?

SPYD.DE and SPYM.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYD.DE or SPYM.DE?

On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYD.DE or SPYM.DE?

SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.35% for SPYD.DE.

What is the main difference between SPYD.DE and SPYM.DE?

SPYD.DE is categorized as Dividend, while SPYM.DE is Emerging Markets Equities. SPYD.DE tracks S&P High Yield Dividend Aristocrats Index, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.35% for SPYD.DE and 0.18% for SPYM.DE.