SPYG.DE vs. SPYM.DE
SPYG.DE (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SPYG.DE is a Europe Equities fund tracking the S&P UK High Yield Dividend Aristocrats, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, SPYG.DE returned 3.61%/yr vs 9.90%/yr for SPYM.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPYG.DE charges 0.30%/yr vs 0.18%/yr for SPYM.DE.
Performance
SPYG.DE vs. SPYM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYG.DE achieves a 5.85% return, which is significantly lower than SPYM.DE's 27.39% return. Over the past 10 years, SPYG.DE has underperformed SPYM.DE with an annualized return of 3.61%, while SPYM.DE has yielded a comparatively higher 9.90% 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%
SPYM.DE
- 1D
- -1.63%
- 1M
- 3.70%
- YTD
- 27.39%
- 6M
- 27.92%
- 1Y
- 48.95%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
SPYG.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between SPYG.DE and SPYM.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.57 |
The correlation between SPYG.DE and SPYM.DE has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.
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Return for Risk
SPYG.DE vs. SPYM.DE — Risk / Return Rank
SPYG.DE
SPYM.DE
SPYG.DE vs. SPYM.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 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.
| SPYG.DE | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.50 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 4.80 | -3.38 |
| Martin ratioReturn relative to average drawdown | 4.53 | 17.28 | -12.74 |
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
| SPYG.DE | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 2.79 | -1.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.50 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.54 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.34 | -0.06 |
Drawdowns
SPYG.DE vs. SPYM.DE - Drawdown Comparison
The maximum SPYG.DE drawdown since its inception was -44.67%, which is greater than SPYM.DE's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for SPYG.DE and SPYM.DE.
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Drawdown Indicators
| SPYG.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -36.28% | -8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -10.38% | +1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -18.96% | +2.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -23.86% | +2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | -31.69% | -12.98% |
Current DrawdownCurrent decline from peak | -1.89% | -2.74% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -9.95% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.89% | -0.14% |
Volatility
SPYG.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) is 4.98%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that SPYG.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.
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Volatility by Period
| SPYG.DE | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 7.34% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 15.16% | -4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 17.87% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 16.78% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 18.40% | -0.46% |
SPYG.DE vs. SPYM.DE - Expense Ratio Comparison
SPYG.DE has a 0.30% expense ratio, which is higher than SPYM.DE's 0.18% expense ratio.
Dividends
SPYG.DE vs. SPYM.DE - Dividend Comparison
SPYG.DE's dividend yield for the trailing twelve months is around 3.44%, while SPYM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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
SPYG.DE and SPYM.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for SPYG.DE.
SPYG.DE is categorized as Europe Equities, while SPYM.DE is Emerging Markets Equities. SPYG.DE tracks S&P UK High Yield Dividend Aristocrats, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.30% for SPYG.DE and 0.18% for SPYM.DE.
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