SPYE.DE vs. WTEE.DE
SPYE.DE (SPDR MSCI Europe UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - SPYE.DE tracks the MSCI Europe while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, SPYE.DE returned 9.86%/yr vs 12.46%/yr for WTEE.DE. A 0.74 correlation means they provide meaningful diversification when combined. SPYE.DE charges 0.25%/yr vs 0.29%/yr for WTEE.DE.
Performance
SPYE.DE vs. WTEE.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 WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 0.42%
- YTD
- 13.70%
- 6M
- 16.59%
- 1Y
- 26.04%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
SPYE.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYE.DE SPDR MSCI Europe UCITS ETF | 7.68% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | 9.49% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between SPYE.DE and WTEE.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.74 |
The correlation between SPYE.DE and WTEE.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
SPYE.DE vs. WTEE.DE — Risk / Return Rank
SPYE.DE
WTEE.DE
SPYE.DE vs. WTEE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (SPYE.DE) and WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.43 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 3.80 | -2.06 |
| Martin ratioReturn relative to average drawdown | 6.36 | 14.72 | -8.36 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.35 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.93 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.08 | -0.56 |
Drawdowns
SPYE.DE vs. WTEE.DE - Drawdown Comparison
The maximum SPYE.DE drawdown since its inception was -35.54%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for SPYE.DE and WTEE.DE.
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Drawdown Indicators
| SPYE.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -16.45% | -19.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.45% | -6.78% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.65% | -14.12% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -19.53% | -16.45% | -3.08% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.96% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -2.65% | -2.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 1.75% | +0.84% |
Volatility
SPYE.DE vs. WTEE.DE - Volatility Comparison
SPDR MSCI Europe UCITS ETF (SPYE.DE) has a higher volatility of 4.24% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that SPYE.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | 3.73% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 8.73% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.87% | 10.94% | +1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 14.50% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.71% | 14.99% | +0.72% |
SPYE.DE vs. WTEE.DE - Expense Ratio Comparison
SPYE.DE has a 0.25% expense ratio, which is lower than WTEE.DE's 0.29% expense ratio.
Dividends
SPYE.DE vs. WTEE.DE - Dividend Comparison
SPYE.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SPYE.DE SPDR MSCI Europe UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
Frequently Asked Questions
SPYE.DE and WTEE.DE have a correlation of 0.74, 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 0.29% for WTEE.DE.
SPYE.DE tracks MSCI Europe, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.25% for SPYE.DE and 0.29% for WTEE.DE.
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