SPYW.DE vs. MIVA.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, SPYW.DE returned 6.79%/yr vs 6.51%/yr for MIVA.DE. Their correlation of 0.82 suggests significant overlap in exposure. SPYW.DE charges 0.30%/yr vs 0.23%/yr for MIVA.DE.
Performance
SPYW.DE vs. MIVA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPYW.DE having a 5.36% return and MIVA.DE slightly lower at 5.31%. Both investments have delivered pretty close results over the past 10 years, with SPYW.DE having a 6.79% annualized return and MIVA.DE not far behind at 6.51%.
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%
MIVA.DE
- 1D
- 0.58%
- 1M
- 0.53%
- YTD
- 5.31%
- 6M
- 6.68%
- 1Y
- 5.26%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
SPYW.DE vs. MIVA.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% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | -4.14% | 24.17% | -4.44% | 9.03% |
Correlation
The correlation between SPYW.DE and MIVA.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 | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 2, 2012 | 0.82 |
The correlation between SPYW.DE and MIVA.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. MIVA.DE — Risk / Return Rank
SPYW.DE
MIVA.DE
SPYW.DE vs. MIVA.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 MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 0.75 | +0.23 |
| Martin ratioReturn relative to average drawdown | 3.14 | 1.96 | +1.18 |
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 | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.60 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.65 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.52 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.53 | 0.00 |
Drawdowns
SPYW.DE vs. MIVA.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, which is greater than MIVA.DE's maximum drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and MIVA.DE.
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Drawdown Indicators
| SPYW.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -30.57% | -8.11% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -6.94% | -1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -11.02% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -19.69% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -30.57% | -8.11% |
Current DrawdownCurrent decline from peak | -2.54% | -3.21% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -5.64% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.67% | -0.17% |
Volatility
SPYW.DE vs. MIVA.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.92%, while Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) has a volatility of 3.14%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.14% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 7.19% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 8.76% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 10.96% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 12.34% | +2.54% |
SPYW.DE vs. MIVA.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than MIVA.DE's 0.23% expense ratio.
Dividends
SPYW.DE vs. MIVA.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, while MIVA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 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 MIVA.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, MIVA.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVA.DE is cheaper with a 0.23% expense ratio, compared with 0.30% for SPYW.DE.
SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while MIVA.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.30% for SPYW.DE and 0.23% for MIVA.DE.
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