TRET.L vs. SPYW.DE
TRET.L (VanEck Global Real Estate UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - TRET.L is a REIT fund tracking the GPR Global 100 Index, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, TRET.L returned 5.65%/yr vs 7.86%/yr for SPYW.DE. At a 0.41 correlation, their price movements are largely independent. TRET.L charges 0.25%/yr vs 0.30%/yr for SPYW.DE.
Performance
TRET.L vs. SPYW.DE - Performance Comparison
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Different Trading Currencies
TRET.L is traded in USD, while SPYW.DE is traded in EUR. To make them comparable, the SPYW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRET.L achieves a 8.17% return, which is significantly higher than SPYW.DE's 5.96% return. Over the past 10 years, TRET.L has underperformed SPYW.DE with an annualized return of 5.65%, while SPYW.DE has yielded a comparatively higher 7.86% annualized return.
TRET.L
- 1D
- -0.25%
- 1M
- 2.98%
- YTD
- 8.17%
- 6M
- 8.79%
- 1Y
- 14.84%
- 3Y*
- 11.42%
- 5Y*
- 2.69%
- 10Y*
- 5.65%
SPYW.DE
- 1D
- 0.05%
- 1M
- 2.13%
- YTD
- 5.96%
- 6M
- 7.95%
- 1Y
- 11.40%
- 3Y*
- 15.99%
- 5Y*
- 7.41%
- 10Y*
- 7.86%
TRET.L vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRET.L VanEck Global Real Estate UCITS ETF | 8.17% | 14.41% | 1.07% | 13.92% | -25.67% | 29.73% | -6.91% | 36.63% | 0.98% | -3.31% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.96% | 35.71% | 2.12% | 21.64% | -16.11% | 5.36% | -3.27% | 20.73% | -12.86% | 26.96% |
Correlation
The correlation between TRET.L and SPYW.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2012 | 0.41 |
The correlation between TRET.L and SPYW.DE shifts across timeframes, from 0.41 (all time) to 0.60 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TRET.L vs. SPYW.DE — Risk / Return Rank
TRET.L
SPYW.DE
TRET.L vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Real Estate UCITS ETF (TRET.L) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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.
| TRET.L | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.17 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.15 | +0.26 |
| Martin ratioReturn relative to average drawdown | 4.82 | 3.49 | +1.33 |
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Drawdowns
TRET.L vs. SPYW.DE - Drawdown Comparison
The maximum TRET.L drawdown since its inception was -42.25%, which is greater than SPYW.DE's maximum drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for TRET.L and SPYW.DE.
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Drawdown Indicators
| TRET.L | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.25% | -38.79% | -3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.49% | -9.91% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.92% | -13.94% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -33.35% | -37.73% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.25% | -38.79% | -3.46% |
Current DrawdownCurrent decline from peak | -2.14% | -2.58% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -10.61% | -8.74% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 3.25% | -0.18% |
Volatility
TRET.L vs. SPYW.DE - Volatility Comparison
VanEck Global Real Estate UCITS ETF (TRET.L) has a higher volatility of 4.41% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.86%. This indicates that TRET.L's price experiences larger fluctuations and is considered to be riskier than SPYW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRET.L | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 2.86% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 10.39% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 12.91% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 17.04% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.98% | 17.37% | +0.61% |
TRET.L vs. SPYW.DE - Expense Ratio Comparison
TRET.L has a 0.25% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.
Dividends
TRET.L vs. SPYW.DE - Dividend Comparison
TRET.L's dividend yield for the trailing twelve months is around 3.36%, less than SPYW.DE's 3.53% 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
TRET.L and SPYW.DE have a correlation of 0.59, 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.
TRET.L is categorized as REIT, while SPYW.DE is Europe Equities. TRET.L tracks GPR Global 100 Index, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.25% for TRET.L and 0.30% for SPYW.DE.
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