SPYH.DE vs. SPYW.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SPYH.DE is a Health & Biotech Equities fund tracking the MSCI Europe Health Care 20/35 Capped, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 6.79%/yr for SPYW.DE. A 0.60 correlation means they provide meaningful diversification when combined. SPYH.DE charges 0.18%/yr vs 0.30%/yr for SPYW.DE.
Performance
SPYH.DE vs. SPYW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYH.DE achieves a -1.97% return, which is significantly lower than SPYW.DE's 5.36% return. Over the past 10 years, SPYH.DE has underperformed SPYW.DE with an annualized return of 6.16%, while SPYW.DE has yielded a comparatively higher 6.79% annualized return.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
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%
SPYH.DE vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
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 SPYH.DE and SPYW.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.60 |
The correlation between SPYH.DE and SPYW.DE shifts across timeframes, from 0.47 (3 years) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYH.DE vs. SPYW.DE — Risk / Return Rank
SPYH.DE
SPYW.DE
SPYH.DE vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (SPYH.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.
| SPYH.DE | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.14 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.98 | -0.48 |
| Martin ratioReturn relative to average drawdown | 1.10 | 3.14 | -2.04 |
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
| SPYH.DE | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.74 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.60 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.45 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.53 | -0.10 |
Drawdowns
SPYH.DE vs. SPYW.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and SPYW.DE.
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Drawdown Indicators
| SPYH.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -38.68% | +12.06% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -7.99% | -4.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -11.64% | -14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -23.97% | -2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -38.68% | +12.06% |
Current DrawdownCurrent decline from peak | -10.72% | -2.54% | -8.18% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -5.62% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 2.50% | +3.23% |
Volatility
SPYH.DE vs. SPYW.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that SPYH.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
| SPYH.DE | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 2.92% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 8.76% | +3.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 10.65% | +6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 13.27% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 14.88% | +0.94% |
SPYH.DE vs. SPYW.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
SPYH.DE vs. SPYW.DE - Dividend Comparison
SPYH.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care 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% |
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
SPYH.DE and SPYW.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for SPYW.DE.
SPYH.DE is categorized as Health & Biotech Equities, while SPYW.DE is Europe Equities. SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.18% for SPYH.DE and 0.30% for SPYW.DE.
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