SPYW.DE vs. H4ZA.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, SPYW.DE returned 6.79%/yr vs 10.80%/yr for H4ZA.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPYW.DE charges 0.30%/yr vs 0.05%/yr for H4ZA.DE.
Performance
SPYW.DE vs. H4ZA.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 H4ZA.DE's 7.24% return. Over the past 10 years, SPYW.DE has underperformed H4ZA.DE with an annualized return of 6.79%, while H4ZA.DE has yielded a comparatively higher 10.80% 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%
H4ZA.DE
- 1D
- 0.77%
- 1M
- 4.72%
- YTD
- 7.24%
- 6M
- 8.63%
- 1Y
- 15.73%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
SPYW.DE vs. H4ZA.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% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 30.07% | -11.96% | 10.07% |
Correlation
The correlation between SPYW.DE and H4ZA.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.87 |
The correlation between SPYW.DE and H4ZA.DE shifts across timeframes, from 0.73 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYW.DE vs. H4ZA.DE — Risk / Return Rank
SPYW.DE
H4ZA.DE
SPYW.DE vs. H4ZA.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 HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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 | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 1.43 | -0.45 |
| Martin ratioReturn relative to average drawdown | 3.14 | 4.85 | -1.71 |
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 | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.98 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.69 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.41 | +0.12 |
Drawdowns
SPYW.DE vs. H4ZA.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, roughly equal to the maximum H4ZA.DE drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and H4ZA.DE.
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Drawdown Indicators
| SPYW.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -38.41% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -10.97% | +2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -16.40% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -23.26% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -38.41% | -0.27% |
Current DrawdownCurrent decline from peak | -2.54% | -0.50% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -7.84% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.24% | -0.74% |
Volatility
SPYW.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.92%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than H4ZA.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 | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 4.95% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 12.99% | -4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 15.99% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 17.50% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 18.17% | -3.29% |
SPYW.DE vs. H4ZA.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
SPYW.DE vs. H4ZA.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, more than H4ZA.DE's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.44% | 2.49% | 5.35% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
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 H4ZA.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for SPYW.DE.
SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: State Street and HSBC. Their fees differ too: 0.30% for SPYW.DE and 0.05% for H4ZA.DE.
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