SPYV.DE vs. 36B5.DE
SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) and 36B5.DE (iShares MSCI EM SRI UCITS ETF USD Dist) are both Emerging Markets Equities funds - SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats while 36B5.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels. Both are passively managed. Over the past 5 years, SPYV.DE returned 6.00%/yr vs 5.01%/yr for 36B5.DE. A 0.77 correlation means they provide meaningful diversification when combined. SPYV.DE charges 0.55%/yr vs 0.25%/yr for 36B5.DE.
Performance
SPYV.DE vs. 36B5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYV.DE achieves a 5.71% return, which is significantly lower than 36B5.DE's 17.40% 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%
36B5.DE
- 1D
- -1.48%
- 1M
- 2.72%
- YTD
- 17.40%
- 6M
- 19.31%
- 1Y
- 35.96%
- 3Y*
- 14.26%
- 5Y*
- 5.01%
- 10Y*
- —
SPYV.DE vs. 36B5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 6.10% |
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 17.40% | 16.82% | 11.30% | -2.19% | -12.46% | 7.05% | 6.70% | 11.16% |
Correlation
The correlation between SPYV.DE and 36B5.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2019 | 0.77 |
The correlation between SPYV.DE and 36B5.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
SPYV.DE vs. 36B5.DE — Risk / Return Rank
SPYV.DE
36B5.DE
SPYV.DE vs. 36B5.DE - 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 iShares MSCI EM SRI UCITS ETF USD Dist (36B5.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.
| SPYV.DE | 36B5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.57 | -2.25 |
| Martin ratioReturn relative to average drawdown | 3.29 | 12.71 | -9.42 |
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 | 36B5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.13 | -1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.29 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.36 | -0.19 |
Drawdowns
SPYV.DE vs. 36B5.DE - Drawdown Comparison
The maximum SPYV.DE drawdown since its inception was -43.79%, which is greater than 36B5.DE's maximum drawdown of -36.40%. Use the drawdown chart below to compare losses from any high point for SPYV.DE and 36B5.DE.
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Drawdown Indicators
| SPYV.DE | 36B5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -36.40% | -7.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -10.04% | +1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -20.62% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.58% | -25.22% | +7.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.19% | — | — |
Current DrawdownCurrent decline from peak | -5.09% | -2.94% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -10.18% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.82% | +0.44% |
Volatility
SPYV.DE vs. 36B5.DE - Volatility Comparison
The current volatility for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) is 3.51%, while iShares MSCI EM SRI UCITS ETF USD Dist (36B5.DE) has a volatility of 5.97%. This indicates that SPYV.DE experiences smaller price fluctuations and is considered to be less risky than 36B5.DE 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 | 36B5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 5.97% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 13.73% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 16.85% | -5.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 16.85% | -1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 19.65% | -2.29% |
SPYV.DE vs. 36B5.DE - Expense Ratio Comparison
SPYV.DE has a 0.55% expense ratio, which is higher than 36B5.DE's 0.25% expense ratio.
Dividends
SPYV.DE vs. 36B5.DE - Dividend Comparison
SPYV.DE's dividend yield for the trailing twelve months is around 3.83%, more than 36B5.DE's 1.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
36B5.DE iShares MSCI EM SRI UCITS ETF USD Dist | 1.78% | 2.09% | 2.34% | 2.32% | 2.31% | 1.84% | 1.57% | 2.31% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.83% | 3.96% | 4.01% | 4.96% | 4.71% | 3.21% | 3.29% | 3.59% | 3.58% | 2.96% | 4.34% | 5.98% |
Frequently Asked Questions
SPYV.DE and 36B5.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 36B5.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
36B5.DE is cheaper with a 0.25% expense ratio, compared with 0.55% for SPYV.DE.
SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats, while 36B5.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SPYV.DE and 0.25% for 36B5.DE.
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