SPYV.DE vs. 84X0.DE
SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) and 84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) are both Emerging Markets Equities funds - SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats while 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net). Both are passively managed. Over the past year, SPYV.DE returned 10.75% vs 68.88% for 84X0.DE. A 0.65 correlation means they provide meaningful diversification when combined. SPYV.DE charges 0.55%/yr vs 0.18%/yr for 84X0.DE.
Performance
SPYV.DE vs. 84X0.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 84X0.DE's 40.37% 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%
84X0.DE
- 1D
- -1.73%
- 1M
- 8.33%
- YTD
- 40.37%
- 6M
- 44.02%
- 1Y
- 68.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYV.DE vs. 84X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 2.34% |
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
Correlation
The correlation between SPYV.DE and 84X0.DE is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.65 |
The correlation between SPYV.DE and 84X0.DE has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.
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Return for Risk
SPYV.DE vs. 84X0.DE — Risk / Return Rank
SPYV.DE
84X0.DE
SPYV.DE vs. 84X0.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 ex-China UCITS ETF USD Acc (84X0.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 | 84X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.60 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.64 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 5.88 | -4.56 |
| Martin ratioReturn relative to average drawdown | 3.29 | 21.92 | -18.63 |
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 | 84X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 3.52 | -2.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | — | — |
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 | 1.77 | -1.59 |
Drawdowns
SPYV.DE vs. 84X0.DE - Drawdown Comparison
The maximum SPYV.DE drawdown since its inception was -43.79%, which is greater than 84X0.DE's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for SPYV.DE and 84X0.DE.
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Drawdown Indicators
| SPYV.DE | 84X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -19.72% | -24.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -11.66% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.58% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.19% | — | — |
Current DrawdownCurrent decline from peak | -5.09% | -2.49% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -2.70% | -9.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.13% | +0.13% |
Volatility
SPYV.DE vs. 84X0.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 ex-China UCITS ETF USD Acc (84X0.DE) has a volatility of 8.41%. This indicates that SPYV.DE experiences smaller price fluctuations and is considered to be less risky than 84X0.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 | 84X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 8.41% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 16.93% | -8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 19.46% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 17.11% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 17.11% | +0.25% |
SPYV.DE vs. 84X0.DE - Expense Ratio Comparison
SPYV.DE has a 0.55% expense ratio, which is higher than 84X0.DE's 0.18% expense ratio.
Dividends
SPYV.DE vs. 84X0.DE - Dividend Comparison
SPYV.DE's dividend yield for the trailing twelve months is around 3.83%, while 84X0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 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.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 84X0.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.55% for SPYV.DE.
SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats, while 84X0.DE tracks MSCI Emerging Markets ex China Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SPYV.DE and 0.18% for 84X0.DE.
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