SPYV.DE vs. AE5A.DE
SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) and AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) are both Emerging Markets Equities funds - SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats while AE5A.DE tracks the MSCI Emerging Markets Index. Both are passively managed. Over the past 10 years, SPYV.DE returned 6.23%/yr vs 9.98%/yr for AE5A.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYV.DE charges 0.55%/yr vs 0.14%/yr for AE5A.DE.
Performance
SPYV.DE vs. AE5A.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 AE5A.DE's 27.41% return. Over the past 10 years, SPYV.DE has underperformed AE5A.DE with an annualized return of 6.23%, while AE5A.DE has yielded a comparatively higher 9.98% 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%
AE5A.DE
- 1D
- -1.54%
- 1M
- 6.05%
- YTD
- 27.41%
- 6M
- 29.44%
- 1Y
- 49.88%
- 3Y*
- 20.90%
- 5Y*
- 8.49%
- 10Y*
- 9.98%
SPYV.DE vs. AE5A.DE - 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% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 27.41% | 19.26% | 14.36% | 5.58% | -14.19% | 4.19% | 7.49% | 21.04% | -11.21% | 20.83% |
Correlation
The correlation between SPYV.DE and AE5A.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.84 |
The correlation between SPYV.DE and AE5A.DE shifts across timeframes, from 0.71 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYV.DE vs. AE5A.DE — Risk / Return Rank
SPYV.DE
AE5A.DE
SPYV.DE vs. AE5A.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 Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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 | AE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.50 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 4.80 | -3.48 |
| Martin ratioReturn relative to average drawdown | 3.29 | 17.35 | -14.06 |
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 | AE5A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.79 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.51 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.53 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.42 | -0.24 |
Drawdowns
SPYV.DE vs. AE5A.DE - Drawdown Comparison
The maximum SPYV.DE drawdown since its inception was -43.79%, which is greater than AE5A.DE's maximum drawdown of -36.16%. Use the drawdown chart below to compare losses from any high point for SPYV.DE and AE5A.DE.
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Drawdown Indicators
| SPYV.DE | AE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -36.16% | -7.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -10.34% | +2.19% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -19.22% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -17.58% | -23.47% | +5.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.19% | -32.24% | -5.95% |
Current DrawdownCurrent decline from peak | -5.09% | -2.56% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -9.72% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.87% | +0.39% |
Volatility
SPYV.DE vs. AE5A.DE - Volatility Comparison
The current volatility for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) is 3.51%, while Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a volatility of 7.32%. This indicates that SPYV.DE experiences smaller price fluctuations and is considered to be less risky than AE5A.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 | AE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 7.32% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 14.97% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 17.82% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 17.23% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 19.05% | -1.69% |
SPYV.DE vs. AE5A.DE - Expense Ratio Comparison
SPYV.DE has a 0.55% expense ratio, which is higher than AE5A.DE's 0.14% expense ratio.
Dividends
SPYV.DE vs. AE5A.DE - Dividend Comparison
SPYV.DE's dividend yield for the trailing twelve months is around 3.83%, more than AE5A.DE's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.69% | 2.15% | 3.38% | 3.80% | 2.44% | 1.62% | 1.71% | 2.01% | 2.17% | 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 AE5A.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.55% for SPYV.DE.
SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats, while AE5A.DE tracks MSCI Emerging Markets Index. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.55% for SPYV.DE and 0.14% for AE5A.DE.
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