SPYG.DE vs. SPYW.DE
SPYG.DE (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both Europe Equities funds from State Street - SPYG.DE tracks the S&P UK High Yield Dividend Aristocrats while SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, SPYG.DE returned 3.61%/yr vs 6.79%/yr for SPYW.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
SPYG.DE vs. SPYW.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 higher than SPYW.DE's 5.36% return. Over the past 10 years, SPYG.DE has underperformed SPYW.DE with an annualized return of 3.61%, while SPYW.DE has yielded a comparatively higher 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -1.61%
- YTD
- 5.36%
- 6M
- 7.50%
- 1Y
- 7.59%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SPYG.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between SPYG.DE and SPYW.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 | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.73 |
The correlation between SPYG.DE and SPYW.DE has been stable across timeframes, ranging from 0.66 to 0.74 - a consistent structural relationship.
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Return for Risk
SPYG.DE vs. SPYW.DE — Risk / Return Rank
SPYG.DE
SPYW.DE
SPYG.DE vs. SPYW.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 S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.98 | +0.44 |
| Martin ratioReturn relative to average drawdown | 4.53 | 3.14 | +1.39 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.74 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.60 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.45 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.53 | -0.25 |
Drawdowns
SPYG.DE vs. SPYW.DE - Drawdown Comparison
The maximum SPYG.DE drawdown since its inception was -44.67%, which is greater than SPYW.DE's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SPYG.DE and SPYW.DE.
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Drawdown Indicators
| SPYG.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -38.68% | -5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -7.99% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -11.64% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -23.97% | +2.14% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | -38.68% | -5.99% |
Current DrawdownCurrent decline from peak | -1.89% | -2.54% | +0.65% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -5.62% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.50% | +0.25% |
Volatility
SPYG.DE vs. SPYW.DE - Volatility Comparison
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) has a higher volatility of 4.98% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that SPYG.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 2.92% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 8.76% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 10.65% | +2.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 13.27% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 14.88% | +3.06% |
SPYG.DE vs. SPYW.DE - Expense Ratio Comparison
Both SPYG.DE and SPYW.DE have an expense ratio of 0.30%.
Dividends
SPYG.DE vs. SPYW.DE - Dividend Comparison
SPYG.DE's dividend yield for the trailing twelve months is around 3.44%, less than SPYW.DE's 3.60% yield.
| 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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
SPYG.DE and SPYW.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG.DE and SPYW.DE have the same expense ratio: 0.30% per year.
SPYG.DE tracks S&P UK High Yield Dividend Aristocrats, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats.
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