SPYW.DE vs. TRET.L
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and TRET.L (VanEck Global Real Estate UCITS ETF) are both exchange-traded funds - SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats, while TRET.L is a REIT fund tracking the GPR Global 100 Index. Both are passively managed. Over the past 10 years, SPYW.DE returned 7.56%/yr vs 5.35%/yr for TRET.L. At a 0.42 correlation, their price movements are largely independent. SPYW.DE charges 0.30%/yr vs 0.25%/yr for TRET.L.
Performance
SPYW.DE vs. TRET.L - Performance Comparison
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Different Trading Currencies
SPYW.DE is traded in EUR, while TRET.L is traded in USD. To make them comparable, the TRET.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYW.DE achieves a 7.38% return, which is significantly lower than TRET.L's 9.60% return. Over the past 10 years, SPYW.DE has outperformed TRET.L with an annualized return of 7.56%, while TRET.L has yielded a comparatively lower 5.35% annualized return.
SPYW.DE
- 1D
- -0.17%
- 1M
- 2.41%
- YTD
- 7.38%
- 6M
- 9.46%
- 1Y
- 11.00%
- 3Y*
- 13.77%
- 5Y*
- 8.15%
- 10Y*
- 7.56%
TRET.L
- 1D
- -0.47%
- 1M
- 3.28%
- YTD
- 9.60%
- 6M
- 10.28%
- 1Y
- 14.42%
- 3Y*
- 9.28%
- 5Y*
- 3.38%
- 10Y*
- 5.35%
SPYW.DE vs. TRET.L - 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) | 7.38% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | -11.88% | 23.33% | -8.56% | 11.23% |
TRET.L VanEck Global Real Estate UCITS ETF | 9.60% | 0.83% | 7.75% | 10.50% | -21.06% | 39.44% | -14.59% | 39.71% | 5.72% | -15.20% |
Correlation
The correlation between SPYW.DE and TRET.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2012 | 0.42 |
The correlation between SPYW.DE and TRET.L shifts across timeframes, from 0.42 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYW.DE vs. TRET.L — Risk / Return Rank
SPYW.DE
TRET.L
SPYW.DE vs. TRET.L - 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 Global Real Estate UCITS ETF (TRET.L). 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 | TRET.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 1.78 | -0.41 |
| Martin ratioReturn relative to average drawdown | 4.55 | 5.60 | -1.05 |
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Drawdowns
SPYW.DE vs. TRET.L - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.67%, smaller than the maximum TRET.L drawdown of -41.66%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and TRET.L.
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Drawdown Indicators
| SPYW.DE | TRET.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -41.66% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -8.05% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -17.58% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -30.64% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -38.67% | -41.66% | +2.99% |
Current DrawdownCurrent decline from peak | -0.69% | -0.47% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -12.73% | +7.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.57% | -0.17% |
Volatility
SPYW.DE vs. TRET.L - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.42%, while VanEck Global Real Estate UCITS ETF (TRET.L) has a volatility of 4.61%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than TRET.L 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 | TRET.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.42% | 4.61% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 10.02% | -1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 12.79% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 16.00% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.84% | 18.18% | -3.34% |
SPYW.DE vs. TRET.L - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than TRET.L's 0.25% expense ratio.
Dividends
SPYW.DE vs. TRET.L - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.53%, more than TRET.L's 3.36% 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) | 3.53% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
TRET.L VanEck Global Real Estate UCITS ETF | 3.36% | 3.54% | 3.56% | 3.54% | 4.55% | 1.86% | 4.18% | 3.32% | 5.03% | 3.63% | 0.00% | 0.00% |
Frequently Asked Questions
SPYW.DE and TRET.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRET.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRET.L is cheaper with a 0.25% expense ratio, compared with 0.30% for SPYW.DE.
SPYW.DE is categorized as Europe Equities, while TRET.L is REIT. SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while TRET.L tracks GPR Global 100 Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.30% for SPYW.DE and 0.25% for TRET.L.
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