SPYW.DE vs. MVEE.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, SPYW.DE returned 8.95%/yr vs 6.33%/yr for MVEE.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYW.DE charges 0.30%/yr vs 0.25%/yr for MVEE.DE.
Performance
SPYW.DE vs. MVEE.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 9.29% return and MVEE.DE slightly higher at 9.62%.
SPYW.DE
- 1D
- 0.54%
- 1M
- 3.80%
- 6M
- 8.97%
- YTD
- 9.29%
- 1Y
- 12.97%
- 3Y*
- 14.82%
- 5Y*
- 8.95%
- 10Y*
- 7.74%
MVEE.DE
- 1D
- 0.57%
- 1M
- 4.22%
- 6M
- 9.21%
- YTD
- 9.62%
- 1Y
- 12.53%
- 3Y*
- 10.05%
- 5Y*
- 6.33%
- 10Y*
- —
SPYW.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 9.29% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | 20.60% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 9.62% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between SPYW.DE and MVEE.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.84 |
The correlation between SPYW.DE and MVEE.DE shifts across timeframes, from 0.69 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYW.DE vs. MVEE.DE — Risk / Return Rank
SPYW.DE
MVEE.DE
SPYW.DE vs. MVEE.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 ESG UCITS ETF (Acc) (MVEE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYW.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.23 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.69 | -0.07 |
| Martin ratioReturn relative to average drawdown | 5.40 | 5.83 | -0.43 |
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Drawdowns
SPYW.DE vs. MVEE.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.67%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and MVEE.DE.
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Drawdown Indicators
| SPYW.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -20.19% | -18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -7.40% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -12.19% | +0.55% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -20.19% | -3.80% |
Max Drawdown (10Y)Largest decline over 10 years | -38.67% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -4.48% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.15% | +0.25% |
Volatility
SPYW.DE vs. MVEE.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.20%, while iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) has a volatility of 2.62%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 2.62% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 8.34% | +0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.61% | 10.00% | +0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 12.10% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 12.47% | +2.15% |
SPYW.DE vs. MVEE.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
SPYW.DE vs. MVEE.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.47%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 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) | 3.47% | 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 MVEE.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.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 MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for SPYW.DE and 0.25% for MVEE.DE.
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