SPYW.DE vs. GLDV.MI
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and GLDV.MI (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats, while GLDV.MI is a Global Equity Income fund tracking the S&P Global BMI Index. Both are passively managed. Over the past 10 years, SPYW.DE returned 6.79%/yr vs 6.23%/yr for GLDV.MI. A 0.72 correlation means they provide meaningful diversification when combined. SPYW.DE charges 0.30%/yr vs 0.45%/yr for GLDV.MI.
Performance
SPYW.DE vs. GLDV.MI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPYW.DE achieves a 5.36% return, which is significantly lower than GLDV.MI's 7.40% return. Over the past 10 years, SPYW.DE has outperformed GLDV.MI with an annualized return of 6.79%, while GLDV.MI has yielded a comparatively lower 6.23% annualized return.
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%
GLDV.MI
- 1D
- 0.51%
- 1M
- 0.26%
- YTD
- 7.40%
- 6M
- 8.14%
- 1Y
- 15.47%
- 3Y*
- 11.60%
- 5Y*
- 6.54%
- 10Y*
- 6.23%
SPYW.DE vs. GLDV.MI - 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% |
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 7.40% | 4.55% | 14.31% | 3.25% | -1.62% | 25.05% | -16.89% | 22.98% | -4.10% | 4.11% |
Correlation
The correlation between SPYW.DE and GLDV.MI is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2014 | 0.72 |
The correlation between SPYW.DE and GLDV.MI has been stable across timeframes, ranging from 0.62 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPYW.DE vs. GLDV.MI — Risk / Return Rank
SPYW.DE
GLDV.MI
SPYW.DE vs. GLDV.MI - 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 SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI). 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 | GLDV.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.29 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.81 | -1.82 |
| Martin ratioReturn relative to average drawdown | 3.14 | 9.02 | -5.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPYW.DE | GLDV.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.71 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.53 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.42 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.48 | +0.05 |
Drawdowns
SPYW.DE vs. GLDV.MI - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, smaller than the maximum GLDV.MI drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and GLDV.MI.
Loading charts...
Drawdown Indicators
| SPYW.DE | GLDV.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -41.02% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -5.51% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -16.81% | +5.17% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -18.38% | -5.59% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -41.02% | +2.34% |
Current DrawdownCurrent decline from peak | -2.54% | -1.29% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -6.84% | +1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.72% | +0.78% |
Volatility
SPYW.DE vs. GLDV.MI - Volatility Comparison
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a higher volatility of 2.92% compared to SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) at 2.37%. This indicates that SPYW.DE's price experiences larger fluctuations and is considered to be riskier than GLDV.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYW.DE | GLDV.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 2.37% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 6.50% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 9.03% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 12.35% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 14.78% | +0.10% |
SPYW.DE vs. GLDV.MI - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is lower than GLDV.MI's 0.45% expense ratio.
Dividends
SPYW.DE vs. GLDV.MI - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, less than GLDV.MI's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 3.89% | 4.25% | 3.73% | 4.25% | 4.51% | 3.57% | 3.97% | 3.46% | 5.10% | 3.36% | 3.62% | 3.80% |
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 GLDV.MI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for GLDV.MI.
SPYW.DE is categorized as Europe Equities, while GLDV.MI is Global Equity Income. SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while GLDV.MI tracks S&P Global BMI Index. Their fees differ too: 0.30% for SPYW.DE and 0.45% for GLDV.MI.
Find the right allocation for SPYW.DE and GLDV.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer