SPYW.DE vs. XESP.DE
SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 10 years, SPYW.DE returned 7.74%/yr vs 13.60%/yr for XESP.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
SPYW.DE vs. XESP.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 XESP.DE's 17.40% return. Over the past 10 years, SPYW.DE has underperformed XESP.DE with an annualized return of 7.74%, while XESP.DE has yielded a comparatively higher 13.60% 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%
XESP.DE
- 1D
- 1.01%
- 1M
- 10.02%
- 6M
- 16.19%
- YTD
- 17.40%
- 1Y
- 46.79%
- 3Y*
- 31.60%
- 5Y*
- 21.32%
- 10Y*
- 13.60%
SPYW.DE vs. XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 17.40% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 15.89% | -12.41% | 12.92% |
Correlation
The correlation between SPYW.DE and XESP.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2012 | 0.78 |
The correlation between SPYW.DE and XESP.DE shifts across timeframes, from 0.64 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYW.DE vs. XESP.DE — Risk / Return Rank
SPYW.DE
XESP.DE
SPYW.DE vs. XESP.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 Spanish Equity UCITS ETF (XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.49 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 4.58 | -2.96 |
| Martin ratioReturn relative to average drawdown | 5.40 | 16.27 | -10.87 |
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Drawdowns
SPYW.DE vs. XESP.DE - Drawdown Comparison
The maximum SPYW.DE drawdown since its inception was -38.67%, roughly equal to the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for SPYW.DE and XESP.DE.
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Drawdown Indicators
| SPYW.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.67% | -40.70% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -10.17% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -11.64% | -12.92% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.99% | -18.56% | -5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -38.67% | -39.03% | +0.36% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -10.04% | +4.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.87% | -0.47% |
Volatility
SPYW.DE vs. XESP.DE - Volatility Comparison
The current volatility for SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) is 2.20%, while Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.15%. This indicates that SPYW.DE experiences smaller price fluctuations and is considered to be less risky than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 4.15% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 14.49% | -5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.61% | 16.94% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 16.71% | -3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 18.38% | -3.76% |
SPYW.DE vs. XESP.DE - Expense Ratio Comparison
Both SPYW.DE and XESP.DE have an expense ratio of 0.30%.
Dividends
SPYW.DE vs. XESP.DE - Dividend Comparison
SPYW.DE's dividend yield for the trailing twelve months is around 3.47%, while XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 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 XESP.DE have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE and XESP.DE have the same expense ratio: 0.30% per year.
SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: State Street and Xtrackers.
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