SPYG.DE vs. EUN0.DE
SPYG.DE (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - SPYG.DE tracks the S&P UK High Yield Dividend Aristocrats while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, SPYG.DE returned 3.61%/yr vs 6.66%/yr for EUN0.DE. A 0.78 correlation means they provide meaningful diversification when combined. SPYG.DE charges 0.30%/yr vs 0.25%/yr for EUN0.DE.
Performance
SPYG.DE vs. EUN0.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with SPYG.DE having a 5.85% return and EUN0.DE slightly lower at 5.60%. Over the past 10 years, SPYG.DE has underperformed EUN0.DE with an annualized return of 3.61%, while EUN0.DE has yielded a comparatively higher 6.66% annualized return.
SPYG.DE
- 1D
- 1.41%
- 1M
- 0.66%
- YTD
- 5.85%
- 6M
- 8.49%
- 1Y
- 11.94%
- 3Y*
- 11.53%
- 5Y*
- 6.76%
- 10Y*
- 3.61%
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
SPYG.DE vs. EUN0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 5.85% | 12.61% | 14.64% | 8.08% | -13.77% | 20.96% | -20.77% | 41.80% | -15.19% | -0.54% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between SPYG.DE and EUN0.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.78 |
The correlation between SPYG.DE and EUN0.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYG.DE vs. EUN0.DE — Risk / Return Rank
SPYG.DE
EUN0.DE
SPYG.DE vs. EUN0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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.
| SPYG.DE | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.76 | +0.66 |
| Martin ratioReturn relative to average drawdown | 4.53 | 1.97 | +2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYG.DE | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.62 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.66 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.53 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.63 | -0.35 |
Drawdowns
SPYG.DE vs. EUN0.DE - Drawdown Comparison
The maximum SPYG.DE drawdown since its inception was -44.67%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for SPYG.DE and EUN0.DE.
Loading charts...
Drawdown Indicators
| SPYG.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -30.68% | -13.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -7.16% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -10.73% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -19.64% | -2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | -30.68% | -13.99% |
Current DrawdownCurrent decline from peak | -1.89% | -3.12% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -4.69% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.76% | -0.01% |
Volatility
SPYG.DE vs. EUN0.DE - Volatility Comparison
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) has a higher volatility of 4.98% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that SPYG.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYG.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 3.03% | +1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 7.20% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 8.77% | +4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 11.02% | +4.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 12.51% | +5.43% |
SPYG.DE vs. EUN0.DE - Expense Ratio Comparison
SPYG.DE has a 0.30% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
SPYG.DE vs. EUN0.DE - Dividend Comparison
SPYG.DE's dividend yield for the trailing twelve months is around 3.44%, while EUN0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe Minimum Volatility 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% |
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.44% | 3.68% | 3.39% | 3.66% | 4.67% | 3.53% | 3.12% | 3.92% | 7.36% | 3.83% | 4.39% | 4.04% |
Frequently Asked Questions
SPYG.DE and EUN0.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for SPYG.DE.
SPYG.DE tracks S&P UK High Yield Dividend Aristocrats, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPYG.DE and 0.25% for EUN0.DE.
Find the right allocation for SPYG.DE and EUN0.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer