SPYU.DE vs. SPYV
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and SPYV (SPDR Portfolio S&P 500 Value ETF) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while SPYV is a S&P 500 fund tracking the S&P 500 Value. Both are passively managed. Over the past 10 years, SPYU.DE returned 10.77%/yr vs 11.67%/yr for SPYV. At a 0.32 correlation, their price movements are largely independent. SPYU.DE charges 0.18%/yr vs 0.04%/yr for SPYV.
Performance
SPYU.DE vs. SPYV - Performance Comparison
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Different Trading Currencies
SPYU.DE is traded in EUR, while SPYV is traded in USD. To make them comparable, the SPYV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYU.DE achieves a 13.37% return, which is significantly higher than SPYV's 8.75% return. Over the past 10 years, SPYU.DE has underperformed SPYV with an annualized return of 10.77%, while SPYV has yielded a comparatively higher 11.67% annualized return.
SPYU.DE
- 1D
- 0.99%
- 1M
- -2.61%
- YTD
- 13.37%
- 6M
- 14.05%
- 1Y
- 27.32%
- 3Y*
- 16.70%
- 5Y*
- 11.88%
- 10Y*
- 10.77%
SPYV
- 1D
- -0.14%
- 1M
- 2.95%
- YTD
- 8.75%
- 6M
- 8.36%
- 1Y
- 18.85%
- 3Y*
- 12.66%
- 5Y*
- 11.72%
- 10Y*
- 11.67%
SPYU.DE vs. SPYV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 13.37% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 31.91% | 2.41% | 9.05% |
SPYV SPDR Portfolio S&P 500 Value ETF | 8.75% | -0.25% | 19.65% | 18.54% | 0.59% | 34.26% | -6.98% | 34.68% | -4.74% | 1.22% |
Correlation
The correlation between SPYU.DE and SPYV is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.32 |
The correlation between SPYU.DE and SPYV shifts across timeframes, from 0.14 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYU.DE vs. SPYV — Risk / Return Rank
SPYU.DE
SPYV
SPYU.DE vs. SPYV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and SPDR Portfolio S&P 500 Value ETF (SPYV). 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.
| SPYU.DE | SPYV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 3.74 | -0.08 |
| Martin ratioReturn relative to average drawdown | 10.42 | 12.65 | -2.22 |
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
| SPYU.DE | SPYV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.78 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.81 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | 0.67 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.48 | +0.09 |
Drawdowns
SPYU.DE vs. SPYV - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, smaller than the maximum SPYV drawdown of -53.67%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and SPYV.
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Drawdown Indicators
| SPYU.DE | SPYV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -53.67% | +20.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -5.06% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -22.06% | +8.62% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -22.06% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | -36.28% | +3.30% |
Current DrawdownCurrent decline from peak | -4.98% | -0.51% | -4.47% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -9.69% | +4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 1.50% | +1.11% |
Volatility
SPYU.DE vs. SPYV - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a higher volatility of 5.86% compared to SPDR Portfolio S&P 500 Value ETF (SPYV) at 1.92%. This indicates that SPYU.DE's price experiences larger fluctuations and is considered to be riskier than SPYV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYU.DE | SPYV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 1.92% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 7.47% | +5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 10.69% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.01% | 14.49% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.06% | 17.59% | -0.53% |
SPYU.DE vs. SPYV - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is higher than SPYV's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYU.DE vs. SPYV - Dividend Comparison
SPYU.DE has not paid dividends to shareholders, while SPYV's dividend yield for the trailing twelve months is around 1.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities 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% |
SPYV SPDR Portfolio S&P 500 Value ETF | 1.70% | 1.77% | 2.29% | 1.75% | 2.22% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% |
Frequently Asked Questions
SPYU.DE and SPYV have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYV is cheaper with a 0.04% expense ratio, compared with 0.18% for SPYU.DE.
SPYU.DE is categorized as Utilities Equities, while SPYV is S&P 500. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while SPYV tracks S&P 500 Value. Their fees differ too: 0.18% for SPYU.DE and 0.04% for SPYV.
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