SPYV vs. SPYU.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Portfolio S&P 500 Value ETF (SPYV) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE).

SPYV and SPYU.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYV is a passively managed fund by State Street that tracks the performance of the S&P 500 Value. It was launched on Sep 25, 2000. SPYU.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Utilities 20/35 Capped. It was launched on Dec 5, 2014. Both SPYV and SPYU.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 vs. SPYU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE). The values are adjusted to include any dividend payments, if applicable.

SPYV vs. SPYU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPYV SPDR Portfolio S&P 500 Value ETF	0.09%	13.18%	12.24%	22.20%	-5.28%	24.91%	1.38%	31.70%	-9.01%	15.40%
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF	14.58%	51.71%	-4.78%	17.16%	-13.03%	0.22%	21.86%	29.12%	-2.41%	24.47%

Different Trading Currencies

SPYV is traded in USD, while SPYU.DE is traded in EUR. To make them comparable, the SPYU.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPYV achieves a 0.09% return, which is significantly lower than SPYU.DE's 14.58% return. Both investments have delivered pretty close results over the past 10 years, with SPYV having a 11.42% annualized return and SPYU.DE not far ahead at 11.64%.

SPYV

• 1D: 0.12%
• 1M: -4.32%
• YTD: 0.09%
• 6M: 3.04%
• 1Y: 13.08%
• 3Y*: 13.89%
• 5Y*: 10.49%
• 10Y*: 11.42%

SPYU.DE

• 1D: 2.41%
• 1M: -1.60%
• YTD: 14.58%
• 6M: 25.41%
• 1Y: 50.08%
• 3Y*: 20.98%
• 5Y*: 12.01%
• 10Y*: 11.64%

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

SPYV vs. SPYU.DE - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than SPYU.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

SPYU.DE

SPDR MSCI Europe Utilities UCITS ETF

SPYV

SPDR Portfolio S&P 500 Value ETF

Return for Risk

SPYV vs. SPYU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYV

SPYV Risk / Return Rank: 45
SPYV Sharpe Ratio Rank: 44
SPYV Sortino Ratio Rank: 44
SPYV Omega Ratio Rank: 48
SPYV Calmar Ratio Rank: 40
SPYV Martin Ratio Rank: 51

SPYU.DE

SPYU.DE Risk / Return Rank: 94
SPYU.DE Sharpe Ratio Rank: 94
SPYU.DE Sortino Ratio Rank: 93
SPYU.DE Omega Ratio Rank: 94
SPYU.DE Calmar Ratio Rank: 94
SPYU.DE Martin Ratio Rank: 94

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 vs. SPYU.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) and SPDR MSCI Europe Utilities UCITS ETF (SPYU.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	SPYU.DE	Difference
Sharpe ratio Return per unit of total volatility	0.85	2.51	-1.66
Sortino ratio Return per unit of downside risk	1.27	3.07	-1.80
Omega ratio Gain probability vs. loss probability	1.19	1.46	-0.27
Calmar ratio Return relative to maximum drawdown	1.08	4.37	-3.29
Martin ratio Return relative to average drawdown	5.09	15.58	-10.48
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 vs. SPYU.DE - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 0.85, which is lower than the SPYU.DE Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of SPYV and SPYU.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	SPYU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	2.51	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.63	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.61	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.49	-0.08

Correlation

The correlation between SPYV and SPYU.DE is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPYV vs. SPYU.DE - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.82%, while SPYU.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYV SPDR Portfolio S&P 500 Value ETF	1.82%	1.77%	2.29%	1.75%	2.22%	2.10%	2.38%	2.25%	2.97%	2.77%	2.39%	2.53%
SPYU.DE SPDR MSCI Europe Utilities 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 vs. SPYU.DE - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, which is greater than SPYU.DE's maximum drawdown of -35.69%. Use the drawdown chart below to compare losses from any high point for SPYV and SPYU.DE.

Drawdown Indicators

	SPYV	SPYU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-58.45%	-32.98%	-25.47%
Max Drawdown (1Y) Largest decline over 1 year	-12.03%	-10.25%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-17.89%	-22.28%	+4.39%
Max Drawdown (10Y) Largest decline over 10 years	-36.89%	-32.98%	-3.91%
Current Drawdown Current decline from peak	-4.43%	-1.46%	-2.97%
Average Drawdown Average peak-to-trough decline	-8.77%	-5.67%	-3.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.60%	-0.04%

Volatility

SPYV vs. SPYU.DE - Volatility Comparison

The current volatility for SPDR Portfolio S&P 500 Value ETF (SPYV) is 3.79%, while SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) has a volatility of 7.10%. This indicates that SPYV experiences smaller price fluctuations and is considered to be less risky than SPYU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYV	SPYU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.79%	7.10%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	7.76%	12.01%	-4.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.52%	19.87%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	18.77%	-4.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.96%	19.06%	-2.10%