SPYD.DE vs. VGWD.DE
SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Dividend funds - SPYD.DE tracks the S&P High Yield Dividend Aristocrats Index while VGWD.DE tracks the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, SPYD.DE returned 7.85%/yr vs 12.10%/yr for VGWD.DE. A 0.79 correlation means they provide meaningful diversification when combined. SPYD.DE charges 0.35%/yr vs 0.29%/yr for VGWD.DE.
Performance
SPYD.DE vs. VGWD.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 lower than VGWD.DE's 16.23% 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%
VGWD.DE
- 1D
- 0.63%
- 1M
- 3.52%
- 6M
- 15.34%
- YTD
- 16.23%
- 1Y
- 28.26%
- 3Y*
- 16.59%
- 5Y*
- 12.10%
- 10Y*
- —
SPYD.DE vs. VGWD.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% | 3.78% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 16.23% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | -9.60% | 25.03% | -8.03% | 1.24% |
Correlation
The correlation between SPYD.DE and VGWD.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.79 |
The correlation between SPYD.DE and VGWD.DE shifts across timeframes, from 0.66 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYD.DE vs. VGWD.DE — Risk / Return Rank
SPYD.DE
VGWD.DE
SPYD.DE vs. VGWD.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.56 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 4.84 | -2.04 |
| Martin ratioReturn relative to average drawdown | 7.19 | 18.99 | -11.80 |
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Drawdowns
SPYD.DE vs. VGWD.DE - Drawdown Comparison
The maximum SPYD.DE drawdown since its inception was -35.89%, roughly equal to the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for SPYD.DE and VGWD.DE.
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Drawdown Indicators
| SPYD.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.89% | -34.57% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.16% | -5.82% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -16.86% | -2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -19.35% | -16.86% | -2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -35.89% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -4.01% | -2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.48% | +0.92% |
Volatility
SPYD.DE vs. VGWD.DE - Volatility Comparison
State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) has a higher volatility of 2.58% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.27%. This indicates that SPYD.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 2.27% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 7.19% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.26% | 9.38% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 11.53% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 14.18% | +1.65% |
SPYD.DE vs. VGWD.DE - Expense Ratio Comparison
SPYD.DE has a 0.35% expense ratio, which is higher than VGWD.DE's 0.29% expense ratio.
Dividends
SPYD.DE vs. VGWD.DE - Dividend Comparison
SPYD.DE's dividend yield for the trailing twelve months is around 1.97%, less than VGWD.DE's 2.48% yield.
| 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% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.48% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
SPYD.DE and VGWD.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWD.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWD.DE is cheaper with a 0.29% expense ratio, compared with 0.35% for SPYD.DE.
SPYD.DE tracks S&P High Yield Dividend Aristocrats Index, while VGWD.DE tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.35% for SPYD.DE and 0.29% for VGWD.DE.
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