SPYW.DE vs. VHYD.L
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and VHYD.L (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats, while VHYD.L is a Global Equities fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 10 years, SPYW.DE returned 7.13%/yr vs 9.61%/yr for VHYD.L. A 0.71 correlation means they provide meaningful diversification when combined. SPYW.DE charges 0.30%/yr vs 0.29%/yr for VHYD.L.
Performance
SPYW.DE vs. VHYD.L - Performance Comparison
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Different Trading Currencies
SPYW.DE is traded in EUR, while VHYD.L is traded in USD. To make them comparable, the VHYD.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 6.28% return, which is significantly lower than VHYD.L's 11.46% return. Over the past 10 years, SPYW.DE has underperformed VHYD.L with an annualized return of 7.13%, while VHYD.L has yielded a comparatively higher 9.61% annualized return.
SPYW.DE
- 1D
- 0.52%
- 1M
- 0.94%
- YTD
- 6.28%
- 6M
- 8.54%
- 1Y
- 8.48%
- 3Y*
- 13.79%
- 5Y*
- 8.16%
- 10Y*
- 7.13%
VHYD.L
- 1D
- -0.48%
- 1M
- 2.51%
- YTD
- 11.46%
- 6M
- 12.96%
- 1Y
- 23.30%
- 3Y*
- 15.21%
- 5Y*
- 11.37%
- 10Y*
- 9.61%
SPYW.DE vs. VHYD.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) | 6.28% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | -11.88% | 23.33% | -8.56% | 11.23% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 11.46% | 11.96% | 16.54% | 8.08% | 0.41% | 26.66% | -8.53% | 23.48% | -7.57% | 4.66% |
Correlation
The correlation between SPYW.DE and VHYD.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 21, 2013 | 0.71 |
The correlation between SPYW.DE and VHYD.L shifts across timeframes, from 0.60 (3 years) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYW.DE vs. VHYD.L — Risk / Return Rank
SPYW.DE
VHYD.L
SPYW.DE vs. VHYD.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 Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.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.
| SPYW.DE | VHYD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.42 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.06 | 3.95 | -2.89 |
| Martin ratioReturn relative to average drawdown | 3.45 | 14.78 | -11.34 |
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 | VHYD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 2.25 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.90 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.63 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.58 | -0.05 |
Drawdowns
SPYW.DE vs. VHYD.L - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.67%, which is greater than VHYD.L's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and VHYD.L.
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Drawdown Indicators
| SPYW.DE | VHYD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -34.59% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -5.87% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -15.88% | +4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -15.88% | -8.11% |
Max Drawdown (10Y)Largest decline over 10 years | -38.67% | -34.59% | -4.08% |
Current DrawdownCurrent decline from peak | -1.71% | -1.16% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -5.61% | -4.41% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.45% | 1.56% | +0.89% |
Volatility
SPYW.DE vs. VHYD.L - Volatility Comparison
SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a higher volatility of 2.74% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VHYD.L) at 2.55%. This indicates that SPYW.DE's price experiences larger fluctuations and is considered to be riskier than VHYD.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 | VHYD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 2.55% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 8.01% | +0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 10.31% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.29% | 12.71% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 15.13% | -0.27% |
SPYW.DE vs. VHYD.L - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than VHYD.L's 0.29% expense ratio.
Dividends
SPYW.DE vs. VHYD.L - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.57%, more than VHYD.L's 2.52% 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) | 3.57% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
VHYD.L Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.52% | 2.77% | 3.15% | 3.31% | 3.72% | 3.14% | 2.90% | 3.23% | 3.77% | 2.96% | 3.16% | 3.32% |
Frequently Asked Questions
SPYW.DE and VHYD.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VHYD.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VHYD.L is cheaper with a 0.29% expense ratio, compared with 0.30% for SPYW.DE.
SPYW.DE is categorized as Europe Equities, while VHYD.L is Global Equities. SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while VHYD.L tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.30% for SPYW.DE and 0.29% for VHYD.L.
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