SPYV.DE vs. ^GSPC
SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) is Emerging Markets Equities fund tracking the S&P Emerging Markets High Yield Dividend Aristocrats, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, SPYV.DE returned 6.23%/yr vs 13.40%/yr for ^GSPC. At a 0.43 correlation, their price movements are largely independent.
Performance
SPYV.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
SPYV.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYV.DE achieves a 5.71% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, SPYV.DE has underperformed ^GSPC with an annualized return of 6.23%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
SPYV.DE
- 1D
- -0.23%
- 1M
- -1.55%
- YTD
- 5.71%
- 6M
- 4.21%
- 1Y
- 10.75%
- 3Y*
- 9.94%
- 5Y*
- 6.00%
- 10Y*
- 6.23%
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
SPYV.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 1.39% | -2.70% | 6.51% | -11.03% | 15.10% | -2.00% | 11.76% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between SPYV.DE and ^GSPC is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.43 |
The correlation between SPYV.DE and ^GSPC shifts across timeframes, from 0.33 (5 years) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYV.DE vs. ^GSPC — Risk / Return Rank
SPYV.DE
^GSPC
SPYV.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) and S&P 500 Index (^GSPC). 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.
| SPYV.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.30 | -1.99 |
| Martin ratioReturn relative to average drawdown | 3.29 | 12.34 | -9.05 |
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
| SPYV.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.04 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.80 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.72 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.51 | -0.33 |
Drawdowns
SPYV.DE vs. ^GSPC - Drawdown Comparison
The maximum SPYV.DE drawdown since its inception was -43.79%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for SPYV.DE and ^GSPC.
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Drawdown Indicators
| SPYV.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -51.62% | +7.83% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -7.57% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -23.99% | +7.06% |
Max Drawdown (5Y)Largest decline over 5 years | -17.58% | -23.99% | +6.41% |
Max Drawdown (10Y)Largest decline over 10 years | -38.19% | -33.42% | -4.77% |
Current DrawdownCurrent decline from peak | -5.09% | -0.20% | -4.89% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -9.08% | -3.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.02% | +1.24% |
Volatility
SPYV.DE vs. ^GSPC - Volatility Comparison
SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) has a higher volatility of 3.51% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that SPYV.DE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYV.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.24% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 8.62% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 12.29% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 16.79% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 18.59% | -1.23% |
Frequently Asked Questions
SPYV.DE and ^GSPC have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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