SPYW.DE vs. SC0D.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, SPYW.DE returned 7.51%/yr vs 10.85%/yr for SC0D.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPYW.DE charges 0.30%/yr vs 0.05%/yr for SC0D.DE.
Performance
SPYW.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYW.DE achieves a 10.61% return, which is significantly higher than SC0D.DE's 9.71% return. Over the past 10 years, SPYW.DE has underperformed SC0D.DE with an annualized return of 7.51%, while SC0D.DE has yielded a comparatively higher 10.85% annualized return.
SPYW.DE
- 1D
- 0.87%
- 1M
- 2.79%
- 6M
- 9.41%
- YTD
- 10.61%
- 1Y
- 15.26%
- 3Y*
- 15.40%
- 5Y*
- 9.12%
- 10Y*
- 7.51%
SC0D.DE
- 1D
- -0.83%
- 1M
- -1.04%
- 6M
- 5.51%
- YTD
- 9.71%
- 1Y
- 18.75%
- 3Y*
- 15.56%
- 5Y*
- 12.12%
- 10Y*
- 10.85%
SPYW.DE vs. SC0D.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) | 10.61% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | -11.88% | 23.33% | -8.56% | 11.23% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 9.71% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.06% | 10.07% |
Correlation
The correlation between SPYW.DE and SC0D.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2012 | 0.87 |
Over the past year, the correlation between SPYW.DE and SC0D.DE has dropped to 0.66 - well below their long-term average of 0.87, suggesting their price drivers have been diverging.
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Return for Risk
SPYW.DE vs. SC0D.DE — Risk / Return Rank
SPYW.DE
SC0D.DE
SPYW.DE vs. SC0D.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 Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.71 | +0.19 |
| Martin ratioReturn relative to average drawdown | 6.36 | 6.00 | +0.36 |
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Drawdowns
SPYW.DE vs. SC0D.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.67%, roughly equal to the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and SC0D.DE.
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Drawdown Indicators
| SPYW.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -38.50% | -0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -10.93% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -16.54% | +4.90% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -23.38% | -0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -38.67% | -38.50% | -0.17% |
Current DrawdownCurrent decline from peak | 0.00% | -2.85% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -5.57% | -7.06% | +1.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 3.12% | -0.73% |
Volatility
SPYW.DE vs. SC0D.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.45%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.14%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 4.14% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 13.36% | -4.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 16.12% | -5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 17.55% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 17.90% | -3.31% |
SPYW.DE vs. SC0D.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
SPYW.DE vs. SC0D.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.43%, while SC0D.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SC0D.DE Invesco EURO STOXX 50 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) | 3.43% | 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 SC0D.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.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 SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for SPYW.DE and 0.05% for SC0D.DE.
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