SPYW.DE vs. XB4A.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, SPYW.DE returned 7.74%/yr vs 15.98%/yr for XB4A.DE. A 0.70 correlation means they provide meaningful diversification when combined. SPYW.DE charges 0.30%/yr vs 0.25%/yr for XB4A.DE.
Performance
SPYW.DE vs. XB4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYW.DE achieves a 9.29% return, which is significantly lower than XB4A.DE's 26.47% return. Over the past 10 years, SPYW.DE has underperformed XB4A.DE with an annualized return of 7.74%, while XB4A.DE has yielded a comparatively higher 15.98% annualized return.
SPYW.DE
- 1D
- 0.54%
- 1M
- 3.80%
- 6M
- 8.97%
- YTD
- 9.29%
- 1Y
- 12.97%
- 3Y*
- 14.82%
- 5Y*
- 8.95%
- 10Y*
- 7.74%
XB4A.DE
- 1D
- 1.02%
- 1M
- 8.17%
- 6M
- 25.41%
- YTD
- 26.47%
- 1Y
- 51.75%
- 3Y*
- 31.70%
- 5Y*
- 17.96%
- 10Y*
- 15.98%
SPYW.DE vs. XB4A.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) | 9.29% | 20.21% | 8.31% | 17.92% | -11.22% | 14.38% | -11.88% | 23.33% | -8.56% | 11.23% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 26.47% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between SPYW.DE and XB4A.DE 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 | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2012 | 0.70 |
The correlation between SPYW.DE and XB4A.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
SPYW.DE vs. XB4A.DE — Risk / Return Rank
SPYW.DE
XB4A.DE
SPYW.DE vs. XB4A.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 Xtrackers ATX UCITS ETF (Acc) (XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.50 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 4.73 | -3.11 |
| Martin ratioReturn relative to average drawdown | 5.40 | 16.12 | -10.72 |
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Drawdowns
SPYW.DE vs. XB4A.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.67%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and XB4A.DE.
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Drawdown Indicators
| SPYW.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -53.54% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -10.88% | +2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -16.26% | +4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -32.50% | +8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -38.67% | -53.54% | +14.87% |
Current DrawdownCurrent decline from peak | 0.00% | -0.54% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -9.90% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 3.20% | -0.80% |
Volatility
SPYW.DE vs. XB4A.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.20%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 6.08%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 6.08% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 14.73% | -5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.61% | 17.53% | -6.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 19.15% | -5.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 20.21% | -5.59% |
SPYW.DE vs. XB4A.DE - Expense Ratio Comparison
SPYW.DE has a 0.30% expense ratio, which is higher than XB4A.DE's 0.25% expense ratio.
Dividends
SPYW.DE vs. XB4A.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.47%, while XB4A.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.47% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYW.DE and XB4A.DE 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, XB4A.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XB4A.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for SPYW.DE.
SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while XB4A.DE tracks ATX Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.30% for SPYW.DE and 0.25% for XB4A.DE.
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