SPYW.DE vs. 18M2.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, SPYW.DE returned 6.79%/yr vs 8.26%/yr for 18M2.DE. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
SPYW.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYW.DE achieves a 5.36% return, which is significantly lower than 18M2.DE's 6.76% return. Over the past 10 years, SPYW.DE has underperformed 18M2.DE with an annualized return of 6.79%, while 18M2.DE has yielded a comparatively higher 8.26% annualized return.
SPYW.DE
- 1D
- 0.09%
- 1M
- -1.61%
- YTD
- 5.36%
- 6M
- 7.50%
- 1Y
- 7.59%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
18M2.DE
- 1D
- 0.32%
- 1M
- -0.40%
- YTD
- 6.76%
- 6M
- 8.83%
- 1Y
- 15.64%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
SPYW.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between SPYW.DE and 18M2.DE is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.90 |
The correlation between SPYW.DE and 18M2.DE has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
SPYW.DE vs. 18M2.DE — Risk / Return Rank
SPYW.DE
18M2.DE
SPYW.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| SPYW.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.55 | -1.57 |
| Martin ratioReturn relative to average drawdown | 3.14 | 6.71 | -3.57 |
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
| SPYW.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.49 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.66 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.53 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.44 | +0.09 |
Drawdowns
SPYW.DE vs. 18M2.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, roughly equal to the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and 18M2.DE.
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Drawdown Indicators
| SPYW.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -37.06% | -1.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -6.19% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -14.68% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -20.81% | -3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -37.06% | -1.62% |
Current DrawdownCurrent decline from peak | -2.54% | -1.44% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -6.42% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.36% | +0.14% |
Volatility
SPYW.DE vs. 18M2.DE - Volatility Comparison
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a higher volatility of 2.92% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that SPYW.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYW.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 2.63% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 8.33% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 10.62% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 13.41% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 15.44% | -0.56% |
SPYW.DE vs. 18M2.DE - Expense Ratio Comparison
Both SPYW.DE and 18M2.DE have an expense ratio of 0.30%.
Dividends
SPYW.DE vs. 18M2.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, while 18M2.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
Frequently Asked Questions
SPYW.DE and 18M2.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE and 18M2.DE have the same expense ratio: 0.30% per year.
SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: State Street and Amundi.
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