SPYP.DE vs. SPYW.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SPYP.DE is a Industrials Equities fund tracking the MSCI Europe Materials 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, SPYP.DE returned 11.05%/yr vs 6.79%/yr for SPYW.DE. A 0.75 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.30%/yr for SPYW.DE.
Performance
SPYP.DE vs. SPYW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYP.DE achieves a 17.42% return, which is significantly higher than SPYW.DE's 5.36% return. Over the past 10 years, SPYP.DE has outperformed SPYW.DE with an annualized return of 11.05%, while SPYW.DE has yielded a comparatively lower 6.79% annualized return.
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
SPYP.DE vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 18.99% |
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 SPYP.DE and SPYW.DE is 0.68, 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 | 0.68 |
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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.75 |
The correlation between SPYP.DE and SPYW.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
SPYP.DE vs. SPYW.DE — Risk / Return Rank
SPYP.DE
SPYW.DE
SPYP.DE vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Materials UCITS ETF (SPYP.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.
| SPYP.DE | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.98 | +1.00 |
| Martin ratioReturn relative to average drawdown | 7.94 | 3.14 | +4.80 |
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
| SPYP.DE | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.74 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.60 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.45 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.53 | -0.11 |
Drawdowns
SPYP.DE vs. SPYW.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, roughly equal to the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SPYW.DE.
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Drawdown Indicators
| SPYP.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -38.68% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -7.99% | -5.08% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -11.64% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -23.97% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -38.68% | +3.28% |
Current DrawdownCurrent decline from peak | -1.54% | -2.54% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -5.62% | -1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.50% | +0.76% |
Volatility
SPYP.DE vs. SPYW.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a higher volatility of 6.50% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that SPYP.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
| SPYP.DE | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 2.92% | +3.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 8.76% | +5.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 10.65% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 13.27% | +4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 14.88% | +4.46% |
SPYP.DE vs. SPYW.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
SPYP.DE vs. SPYW.DE - Dividend Comparison
SPYP.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials 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
SPYP.DE and SPYW.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYP.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for SPYW.DE.
SPYP.DE is categorized as Industrials Equities, while SPYW.DE is Europe Equities. SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.18% for SPYP.DE and 0.30% for SPYW.DE.
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