SPYM.DE vs. SPYD.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and SPYD.DE (State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while SPYD.DE is a Dividend fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, SPYM.DE returned 8.80%/yr vs 8.25%/yr for SPYD.DE. At a 0.49 correlation, their price movements are largely independent. SPYM.DE charges 0.18%/yr vs 0.35%/yr for SPYD.DE.
Performance
SPYM.DE vs. SPYD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM.DE achieves a 23.48% return, which is significantly higher than SPYD.DE's 13.55% return. Over the past 10 years, SPYM.DE has outperformed SPYD.DE with an annualized return of 8.80%, while SPYD.DE has yielded a comparatively lower 8.25% annualized return.
SPYM.DE
- 1D
- -0.30%
- 1M
- -4.66%
- 6M
- 16.47%
- YTD
- 23.48%
- 1Y
- 39.56%
- 3Y*
- 19.85%
- 5Y*
- 7.83%
- 10Y*
- 8.80%
SPYD.DE
- 1D
- 0.11%
- 1M
- 2.37%
- 6M
- 8.36%
- YTD
- 13.55%
- 1Y
- 15.48%
- 3Y*
- 9.45%
- 5Y*
- 7.55%
- 10Y*
- 8.25%
SPYM.DE vs. SPYD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 23.48% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 22.31% | -11.26% | 19.74% |
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) | 13.55% | -3.53% | 14.02% | -1.46% | 5.40% | 36.24% | -8.60% | 25.98% | 0.02% | 1.45% |
Correlation
The correlation between SPYM.DE and SPYD.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2011 | 0.49 |
Over the past year, the correlation between SPYM.DE and SPYD.DE has dropped to 0.06 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
SPYM.DE vs. SPYD.DE — Risk / Return Rank
SPYM.DE
SPYD.DE
SPYM.DE vs. SPYD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) and State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYM.DE | SPYD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 2.50 | +1.29 |
| Martin ratioReturn relative to average drawdown | 11.48 | 6.43 | +5.05 |
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Drawdowns
SPYM.DE vs. SPYD.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -44.83%, which is greater than SPYD.DE's maximum drawdown of -35.89%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and SPYD.DE.
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Drawdown Indicators
| SPYM.DE | SPYD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.83% | -35.89% | -8.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -6.16% | -4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -18.95% | -19.35% | +0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -19.35% | -3.90% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -35.89% | +4.20% |
Current DrawdownCurrent decline from peak | -8.18% | -1.87% | -6.31% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -6.56% | -11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 2.40% | +1.04% |
Volatility
SPYM.DE vs. SPYD.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 8.65% compared to State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) (SPYD.DE) at 3.10%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier than SPYD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYM.DE | SPYD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 3.10% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 7.26% | +10.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.31% | 10.20% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 13.47% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 15.84% | +2.69% |
SPYM.DE vs. SPYD.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is lower than SPYD.DE's 0.35% expense ratio.
Dividends
SPYM.DE vs. SPYD.DE - Dividend Comparison
SPYM.DE has not paid dividends to shareholders, while SPYD.DE's dividend yield for the trailing twelve months is around 1.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYD.DE State Street SPDR S&P U.S. Dividend Aristocrats UCITS ETF (Dist) | 1.99% | 2.23% | 1.97% | 2.30% | 2.16% | 2.07% | 2.52% | 2.01% | 1.66% | 1.87% | 1.74% | 2.02% |
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
SPYM.DE and SPYD.DE have a correlation of 0.06, 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 0.35% for SPYD.DE.
SPYM.DE is categorized as Emerging Markets Equities, while SPYD.DE is Dividend. SPYM.DE tracks MSCI Emerging Markets, while SPYD.DE tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.18% for SPYM.DE and 0.35% for SPYD.DE.
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