SPYE.DE vs. EXSH.DE
SPYE.DE (SPDR MSCI Europe UCITS ETF) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both Europe Equities funds - SPYE.DE tracks the MSCI Europe while EXSH.DE tracks the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 10 years, SPYE.DE returned 9.09%/yr vs 10.31%/yr for EXSH.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPYE.DE charges 0.25%/yr vs 0.32%/yr for EXSH.DE.
Performance
SPYE.DE vs. EXSH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYE.DE achieves a 7.68% return, which is significantly lower than EXSH.DE's 13.96% return. Over the past 10 years, SPYE.DE has underperformed EXSH.DE with an annualized return of 9.09%, while EXSH.DE has yielded a comparatively higher 10.31% annualized return.
SPYE.DE
- 1D
- 0.62%
- 1M
- 1.21%
- YTD
- 7.68%
- 6M
- 10.03%
- 1Y
- 16.22%
- 3Y*
- 13.73%
- 5Y*
- 9.86%
- 10Y*
- 9.09%
EXSH.DE
- 1D
- 0.47%
- 1M
- 2.07%
- YTD
- 13.96%
- 6M
- 19.08%
- 1Y
- 32.09%
- 3Y*
- 23.40%
- 5Y*
- 12.78%
- 10Y*
- 10.31%
SPYE.DE vs. EXSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYE.DE SPDR MSCI Europe UCITS ETF | 7.68% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | -3.25% | 27.31% | -10.83% | 10.49% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 13.96% | 44.94% | 5.72% | 10.87% | -9.92% | 23.55% | -9.64% | 27.73% | -4.87% | 5.22% |
Correlation
The correlation between SPYE.DE and EXSH.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.87 |
The correlation between SPYE.DE and EXSH.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
SPYE.DE vs. EXSH.DE — Risk / Return Rank
SPYE.DE
EXSH.DE
SPYE.DE vs. EXSH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (SPYE.DE) and iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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.
| SPYE.DE | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.48 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 4.85 | -3.12 |
| Martin ratioReturn relative to average drawdown | 6.36 | 16.10 | -9.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPYE.DE | EXSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.69 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.86 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.60 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.32 | +0.20 |
Drawdowns
SPYE.DE vs. EXSH.DE - Drawdown Comparison
The maximum SPYE.DE drawdown since its inception was -35.54%, smaller than the maximum EXSH.DE drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for SPYE.DE and EXSH.DE.
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Drawdown Indicators
| SPYE.DE | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -70.20% | +34.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.45% | -6.65% | -2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -14.43% | -2.22% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -22.98% | +3.45% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -40.34% | +4.80% |
Current DrawdownCurrent decline from peak | -1.47% | -1.87% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -22.15% | +16.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 2.01% | +0.58% |
Volatility
SPYE.DE vs. EXSH.DE - Volatility Comparison
SPDR MSCI Europe UCITS ETF (SPYE.DE) has a higher volatility of 4.24% compared to iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) at 3.90%. This indicates that SPYE.DE's price experiences larger fluctuations and is considered to be riskier than EXSH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYE.DE | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 3.90% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 9.77% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 11.99% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 14.61% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 17.15% | -1.44% |
SPYE.DE vs. EXSH.DE - Expense Ratio Comparison
SPYE.DE has a 0.25% expense ratio, which is lower than EXSH.DE's 0.32% expense ratio.
Dividends
SPYE.DE vs. EXSH.DE - Dividend Comparison
SPYE.DE has not paid dividends to shareholders, while EXSH.DE's dividend yield for the trailing twelve months is around 4.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.47% | 5.15% | 5.86% | 6.39% | 6.06% | 3.77% | 3.58% | 4.50% | 4.42% | 5.03% | 4.99% | 3.96% |
SPYE.DE SPDR MSCI Europe 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
SPYE.DE and EXSH.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYE.DE is cheaper with a 0.25% expense ratio, compared with 0.32% for EXSH.DE.
SPYE.DE tracks MSCI Europe, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: State Street and iShares. Their fees differ too: 0.25% for SPYE.DE and 0.32% for EXSH.DE.
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