SPYW.DE vs. EUN0.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, SPYW.DE returned 6.79%/yr vs 6.66%/yr for EUN0.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYW.DE charges 0.30%/yr vs 0.25%/yr for EUN0.DE.
Performance
SPYW.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPYW.DE having a 5.36% return and EUN0.DE slightly higher at 5.60%. Both investments have delivered pretty close results over the past 10 years, with SPYW.DE having a 6.79% annualized return and EUN0.DE not far behind at 6.66%.
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
EUN0.DE
- 1D
- 0.54%
- 1M
- 0.57%
- YTD
- 5.60%
- 6M
- 6.91%
- 1Y
- 5.46%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
SPYW.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between SPYW.DE and EUN0.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2013 | 0.84 |
The correlation between SPYW.DE and EUN0.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
SPYW.DE vs. EUN0.DE — Risk / Return Rank
SPYW.DE
EUN0.DE
SPYW.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.76 | +0.22 |
| Martin ratioReturn relative to average drawdown | 3.14 | 1.97 | +1.17 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.62 | +0.12 |
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 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.63 | -0.10 |
Drawdowns
SPYW.DE vs. EUN0.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and EUN0.DE.
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Drawdown Indicators
| SPYW.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -30.68% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -7.16% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -10.73% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -19.64% | -4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -30.68% | -8.00% |
Current DrawdownCurrent decline from peak | -2.54% | -3.12% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -4.69% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.76% | -0.26% |
Volatility
SPYW.DE vs. EUN0.DE - Volatility Comparison
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) and iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) have volatilities of 2.92% and 3.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYW.DE | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.03% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 7.20% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 8.77% | +1.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 11.02% | +2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 12.51% | +2.37% |
SPYW.DE vs. EUN0.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than EUN0.DE's 0.25% expense ratio.
Dividends
SPYW.DE vs. EUN0.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, while EUN0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN0.DE iShares Edge MSCI Europe 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% |
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 EUN0.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUN0.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUN0.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for SPYW.DE.
SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPYW.DE and 0.25% for EUN0.DE.
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