SPYW.DE vs. WTEE.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, SPYW.DE returned 8.07%/yr vs 12.46%/yr for WTEE.DE. A 0.75 correlation means they provide meaningful diversification when combined. SPYW.DE charges 0.30%/yr vs 0.29%/yr for WTEE.DE.
Performance
SPYW.DE vs. WTEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYW.DE achieves a 5.36% return, which is significantly lower than WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 1.18%
- YTD
- 13.70%
- 6M
- 16.39%
- 1Y
- 25.85%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
SPYW.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | 5.20% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between SPYW.DE and WTEE.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.75 |
The correlation between SPYW.DE and WTEE.DE has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
SPYW.DE vs. WTEE.DE — Risk / Return Rank
SPYW.DE
WTEE.DE
SPYW.DE vs. WTEE.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 WisdomTree Europe Equity Income UCITS ETF (WTEE.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.
| SPYW.DE | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.43 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 3.80 | -2.82 |
| Martin ratioReturn relative to average drawdown | 3.14 | 14.72 | -11.58 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 2.35 | -1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.93 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.08 | -0.55 |
Drawdowns
SPYW.DE vs. WTEE.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.68%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and WTEE.DE.
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Drawdown Indicators
| SPYW.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.68% | -16.45% | -22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -6.78% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -14.12% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -23.97% | -16.45% | -7.52% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -1.96% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -2.65% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.75% | +0.75% |
Volatility
SPYW.DE vs. WTEE.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.92%, while WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) has a volatility of 3.73%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.73% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 8.76% | 8.73% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.65% | 10.94% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 14.50% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.88% | 14.99% | -0.11% |
SPYW.DE vs. WTEE.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than WTEE.DE's 0.29% expense ratio.
Dividends
SPYW.DE vs. WTEE.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.60%, less than WTEE.DE's 4.55% 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% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYW.DE and WTEE.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEE.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for SPYW.DE.
SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.30% for SPYW.DE and 0.29% for WTEE.DE.
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