SPYV.DE vs. SPYH.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) and SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE).

SPYV.DE and SPYH.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYV.DE is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets High Yield Dividend Aristocrats. It was launched on Oct 14, 2011. SPYH.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Health Care 20/35 Capped. It was launched on Dec 5, 2014. Both SPYV.DE and SPYH.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPYV.DE vs. SPYH.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 SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE). The values are adjusted to include any dividend payments, if applicable.

SPYV.DE vs. SPYH.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)	3.81%	6.33%	21.05%	1.39%	-2.70%	6.51%	-11.03%	15.10%	-2.00%	11.76%
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF	-0.00%	7.82%	3.98%	7.88%	-4.55%	25.71%	-2.51%	33.07%	-1.21%	2.94%

Returns By Period

Over the past 10 years, SPYV.DE has underperformed SPYH.DE with an annualized return of 5.96%, while SPYH.DE has yielded a comparatively higher 7.08% annualized return.

SPYV.DE

• 1D: 0.60%
• 1M: -3.53%
• YTD: 3.81%
• 6M: 3.22%
• 1Y: 11.05%
• 3Y*: 9.85%
• 5Y*: 5.45%
• 10Y*: 5.96%

SPYH.DE

• 1D: 1.62%
• 1M: -4.67%
• YTD: -0.00%
• 6M: 5.62%
• 1Y: 5.52%
• 3Y*: 5.09%
• 5Y*: 7.36%
• 10Y*: 7.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

SPYV.DE has a 0.55% expense ratio, which is higher than SPYH.DE's 0.18% expense ratio.

SPYV.DE

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

SPYH.DE

SPDR MSCI Europe Health Care UCITS ETF

Return for Risk

SPYV.DE vs. SPYH.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: 38
SPYV.DE Sharpe Ratio Rank: 38
SPYV.DE Sortino Ratio Rank: 37
SPYV.DE Omega Ratio Rank: 34
SPYV.DE Calmar Ratio Rank: 43
SPYV.DE Martin Ratio Rank: 38

SPYH.DE

SPYH.DE Risk / Return Rank: 20
SPYH.DE Sharpe Ratio Rank: 18
SPYH.DE Sortino Ratio Rank: 18
SPYH.DE Omega Ratio Rank: 18
SPYH.DE Calmar Ratio Rank: 25
SPYH.DE Martin Ratio Rank: 22

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. SPYH.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 SPDR MSCI Europe Health Care UCITS ETF (SPYH.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	SPYH.DE	Difference
Sharpe ratio Return per unit of total volatility	0.77	0.29	+0.48
Sortino ratio Return per unit of downside risk	1.14	0.52	+0.62
Omega ratio Gain probability vs. loss probability	1.15	1.07	+0.08
Calmar ratio Return relative to maximum drawdown	1.26	0.59	+0.67
Martin ratio Return relative to average drawdown	3.99	1.62	+2.37
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. SPYH.DE - Sharpe Ratio Comparison

The current SPYV.DE Sharpe Ratio is 0.77, which is higher than the SPYH.DE Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of SPYV.DE and SPYH.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPYV.DE	SPYH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.29	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.47	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.45	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.44	-0.27

Correlation

The correlation between SPYV.DE and SPYH.DE is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SPYV.DE vs. SPYH.DE - Dividend Comparison

SPYV.DE's dividend yield for the trailing twelve months is around 3.90%, while SPYH.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)	3.90%	3.96%	4.01%	4.96%	4.71%	3.21%	3.29%	3.59%	3.58%	2.96%	4.34%	5.98%
SPYH.DE SPDR MSCI Europe Health Care 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%

Drawdowns

SPYV.DE vs. SPYH.DE - Drawdown Comparison

The maximum SPYV.DE drawdown since its inception was -43.79%, which is greater than SPYH.DE's maximum drawdown of -26.62%. Use the drawdown chart below to compare losses from any high point for SPYV.DE and SPYH.DE.

Drawdown Indicators

	SPYV.DE	SPYH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-26.62%	-17.17%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-13.47%	+1.51%
Max Drawdown (5Y) Largest decline over 5 years	-17.58%	-26.62%	+9.04%
Max Drawdown (10Y) Largest decline over 10 years	-38.19%	-26.62%	-11.57%
Current Drawdown Current decline from peak	-6.79%	-8.92%	+2.13%
Average Drawdown Average peak-to-trough decline	-12.58%	-8.58%	-4.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	4.58%	-1.65%

Volatility

SPYV.DE vs. SPYH.DE - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) is 3.99%, while SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a volatility of 5.07%. This indicates that SPYV.DE experiences smaller price fluctuations and is considered to be less risky than SPYH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYV.DE	SPYH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	5.07%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	11.66%	-3.25%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	19.30%	-4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	15.48%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.53%	15.77%	+1.76%