SPYW.DE vs. TDIV.AS
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and TDIV.AS (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats, while TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, SPYW.DE returned 6.79%/yr vs 12.02%/yr for TDIV.AS. A 0.74 correlation means they provide meaningful diversification when combined. SPYW.DE charges 0.30%/yr vs 0.38%/yr for TDIV.AS.
Performance
SPYW.DE vs. TDIV.AS - 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 TDIV.AS's 9.89% return. Over the past 10 years, SPYW.DE has underperformed TDIV.AS with an annualized return of 6.79%, while TDIV.AS has yielded a comparatively higher 12.02% 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%
TDIV.AS
- 1D
- 0.25%
- 1M
- 0.39%
- YTD
- 9.89%
- 6M
- 12.84%
- 1Y
- 25.59%
- 3Y*
- 19.97%
- 5Y*
- 17.52%
- 10Y*
- 12.02%
SPYW.DE vs. TDIV.AS - 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% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.89% | 24.40% | 15.98% | 10.91% | 16.18% | 27.85% | -10.17% | 20.97% | -7.12% | 2.88% |
Correlation
The correlation between SPYW.DE and TDIV.AS is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 24, 2016 | 0.74 |
The correlation between SPYW.DE and TDIV.AS has been stable across timeframes, ranging from 0.70 to 0.74 - 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. TDIV.AS — Risk / Return Rank
SPYW.DE
TDIV.AS
SPYW.DE vs. TDIV.AS - 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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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 | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.51 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 7.19 | -6.21 |
| Martin ratioReturn relative to average drawdown | 3.14 | 19.93 | -16.79 |
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 | TDIV.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 2.79 | -2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 1.43 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.83 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.84 | -0.31 |
Drawdowns
SPYW.DE vs. TDIV.AS - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, which is greater than TDIV.AS's maximum drawdown of -36.06%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and TDIV.AS.
Loading charts...
Drawdown Indicators
| SPYW.DE | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -36.06% | -2.62% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -3.51% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -15.26% | +3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -15.26% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -36.06% | -2.62% |
Current DrawdownCurrent decline from peak | -2.54% | -1.99% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -3.93% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.26% | +1.24% |
Volatility
SPYW.DE vs. TDIV.AS - Volatility Comparison
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a higher volatility of 2.92% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.38%. This indicates that SPYW.DE's price experiences larger fluctuations and is considered to be riskier than TDIV.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPYW.DE | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 2.38% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 6.65% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 9.06% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 12.07% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 14.31% | +0.57% |
SPYW.DE vs. TDIV.AS - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
SPYW.DE vs. TDIV.AS - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, more than TDIV.AS's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.98% | 4.55% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% | 0.00% |
Frequently Asked Questions
SPYW.DE and TDIV.AS have a correlation of 0.72, 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 0.38% for TDIV.AS.
SPYW.DE is categorized as Europe Equities, while TDIV.AS is Global Equity Income. SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.30% for SPYW.DE and 0.38% for TDIV.AS.
Find the right allocation for SPYW.DE and TDIV.AS
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