SPYV.DE vs. EUNZ.DE
SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 10 years, SPYV.DE returned 6.23%/yr vs 6.20%/yr for EUNZ.DE. Their correlation of 0.82 suggests significant overlap in exposure. SPYV.DE charges 0.55%/yr vs 0.40%/yr for EUNZ.DE.
Performance
SPYV.DE vs. EUNZ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYV.DE achieves a 5.71% return, which is significantly lower than EUNZ.DE's 18.69% return. Both investments have delivered pretty close results over the past 10 years, with SPYV.DE having a 6.23% annualized return and EUNZ.DE not far behind at 6.20%.
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%
EUNZ.DE
- 1D
- -1.19%
- 1M
- 5.16%
- YTD
- 18.69%
- 6M
- 18.37%
- 1Y
- 22.59%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
SPYV.DE vs. EUNZ.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% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -1.89% | 11.39% |
Correlation
The correlation between SPYV.DE and EUNZ.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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2013 | 0.82 |
The correlation between SPYV.DE and EUNZ.DE shifts across timeframes, from 0.72 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYV.DE vs. EUNZ.DE — Risk / Return Rank
SPYV.DE
EUNZ.DE
SPYV.DE vs. EUNZ.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 Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.00 | -1.68 |
| Martin ratioReturn relative to average drawdown | 3.29 | 10.57 | -7.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYV.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.85 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.56 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.46 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.35 | -0.18 |
Drawdowns
SPYV.DE vs. EUNZ.DE - Drawdown Comparison
The maximum SPYV.DE drawdown since its inception was -43.79%, which is greater than EUNZ.DE's maximum drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for SPYV.DE and EUNZ.DE.
Loading charts...
Drawdown Indicators
| SPYV.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -30.47% | -13.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -7.50% | -0.65% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -14.00% | -2.93% |
Max Drawdown (5Y)Largest decline over 5 years | -17.58% | -14.00% | -3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -38.19% | -26.15% | -12.04% |
Current DrawdownCurrent decline from peak | -5.09% | -1.96% | -3.13% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -7.62% | -4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 2.13% | +1.13% |
Volatility
SPYV.DE vs. EUNZ.DE - Volatility Comparison
The current volatility for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) is 3.51%, while iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) has a volatility of 4.75%. This indicates that SPYV.DE experiences smaller price fluctuations and is considered to be less risky than EUNZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYV.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 4.75% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 10.35% | -1.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 12.18% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 11.41% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 13.32% | +4.04% |
SPYV.DE vs. EUNZ.DE - Expense Ratio Comparison
SPYV.DE has a 0.55% expense ratio, which is higher than EUNZ.DE's 0.40% expense ratio.
Dividends
SPYV.DE vs. EUNZ.DE - Dividend Comparison
SPYV.DE's dividend yield for the trailing twelve months is around 3.83%, while EUNZ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility 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.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 EUNZ.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, EUNZ.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNZ.DE is cheaper with a 0.40% expense ratio, compared with 0.55% for SPYV.DE.
SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.55% for SPYV.DE and 0.40% for EUNZ.DE.
Find the right allocation for SPYV.DE and EUNZ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer