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SPYV.DE vs. GACB.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPYV.DE vs. GACB.DE

Last updated Jun 5, 2026

SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) and GACB.DE (Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)) are both Emerging Markets Equities funds - SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats while GACB.DE tracks the Goldman Sachs ActiveBeta Emerging Markets Equity. Both are passively managed. A 0.79 correlation means they provide meaningful diversification when combined. SPYV.DE charges 0.55%/yr vs 0.49%/yr for GACB.DE.

Performance

SPYV.DE vs. GACB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) and Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

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%

GACB.DE

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYV.DE vs. GACB.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%0.34%
GACB.DE
Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)		4.68%17.61%13.29%6.42%-14.91%7.63%1.70%2.23%

Correlation

The correlation between SPYV.DE and GACB.DE is 0.64, 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

0.64

Correlation (3Y)
Calculated over the trailing 3-year period

0.75

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2019

0.79

The correlation between SPYV.DE and GACB.DE shifts across timeframes, from 0.64 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.

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SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)

Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.)

Often compared with SPYV.DE:
SPYV.DE vs. SPYGSPYV.DE vs. IAUSPYV.DE vs. DIVISPYV.DE vs. EUNY.DESPYV.DE vs. SPYH.DESPYV.DE vs. JGPI.DESPYV.DE vs. WTED.DE
Often compared with GACB.DE:
GACB.DE vs. GACA.DEGACB.DE vs. ESRI.DEGACB.DE vs. AW12.DEGACB.DE vs. WTD8.DEGACB.DE vs. H41E.DEGACB.DE vs. EUNM.DEGACB.DE vs. EMXC.DE

Return for Risk

SPYV.DE vs. GACB.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYV.DE
SPYV.DE Risk / Return Rank: 2626
Overall Rank
SPYV.DE Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
SPYV.DE Sortino Ratio Rank: 2626
Sortino Ratio Rank
SPYV.DE Omega Ratio Rank: 2525
Omega Ratio Rank
SPYV.DE Calmar Ratio Rank: 2727
Calmar Ratio Rank
SPYV.DE Martin Ratio Rank: 2525
Martin Ratio Rank
GACB.DE
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYV.DE vs. GACB.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 Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS USD (Acc.) (GACB.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.DEGACB.DEDifference
Sharpe ratioReturn per unit of total volatility
0.92

—

—

Sortino ratioReturn per unit of downside risk
1.39

—

—

Omega ratioGain probability vs. loss probability

1.16

—

—

Calmar ratioReturn relative to maximum drawdown

1.31

—

—

Martin ratioReturn relative to average drawdown

3.29

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYV.DE vs. GACB.DE - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SPYV.DEGACB.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.92

—

—

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

—

—

Drawdowns

SPYV.DE vs. GACB.DE - Drawdown Comparison

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Drawdown Indicators

SPYV.DEGACB.DEDifference

Max Drawdown

Largest peak-to-trough decline

-43.79%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-8.15%

—

—

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 Drawdown

Current decline from peak

-5.09%

—

—

Average Drawdown

Average peak-to-trough decline

-12.48%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.26%

—

—

Volatility

SPYV.DE vs. GACB.DE - Volatility Comparison

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Volatility by Period

SPYV.DEGACB.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.51%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

8.37%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

11.72%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.03%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.36%

—

—

SPYV.DE vs. GACB.DE - Expense Ratio Comparison

SPYV.DE has a 0.55% expense ratio, which is higher than GACB.DE's 0.49% expense ratio.

Dividends

SPYV.DE vs. GACB.DE - Dividend Comparison

SPYV.DE's dividend yield for the trailing twelve months is around 3.83%, while GACB.DE has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GACB.DE
Goldman Sachs ActiveBeta Emerging Markets Equity UCITS ETF CLASS 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 GACB.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GACB.DE is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GACB.DE is cheaper with a 0.49% expense ratio, compared with 0.55% for SPYV.DE.

SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats, while GACB.DE tracks Goldman Sachs ActiveBeta Emerging Markets Equity. They also come from different issuers: State Street and Goldman Sachs. Their fees differ too: 0.55% for SPYV.DE and 0.49% for GACB.DE.

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