SPDR Portfolio Europe ETF (SPEU) Performance
SPEU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.9% since Dec 31, 2025
- 1 year
- +9.1% total return
- 5 years
- +7.9% a year
- 10 years
- +9.5% a year
- Since first price
- +6.6% a year since 2002
SPEU trailing returns vs SPY, QQQ, AGG
| Period | SPEU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.2% | −2.2% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.6% | −2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.2% | −0.9% | +7.8% | +8.4% | −1.5% |
| YTD | +4.9% | +2.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +9.1% | +5.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +68.2%+18.9%/yr | +52.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +46.2%+7.9%/yr | +24.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +147.0%+9.5%/yr | +80.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +190.9%+7.4%/yr | +73.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +133.3%+4.3%/yr | +15.4% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionOct 21, 2002 | +363.6%+6.6%/yr | +104.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SPEU vs SPY
From Oct 21, 2002: SPEU grew to $46,361, SPY to $130,334.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SPEU returns by calendar year
15 of 23 full years positive. Best 2003 (+40.8%), worst 2008 (−42.5%). 2026 is year to date.
SPEU annual returns table
| Year | SPEU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +4.9% | −12.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +35.8% | −14.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +1.9% | −11.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +19.9% | −12.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −16.0% | −32.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +16.2% | −6.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +6.4% | −36.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.2% | −7.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −13.8% | −21.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +23.8% | −3.0% | +21.7% | +32.7% | +3.6% |
| 2016 | −2.5% | −11.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −3.9% | −16.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −8.3% | −15.5% | +13.5% | +19.2% | +6.0% |
| 2013 | +21.1% | −9.4% | +32.3% | +36.6% | −2.0% |
| 2012 | +17.4% | −16.8% | +16.0% | +18.1% | +3.8% |
| 2011 | −8.0% | −30.1% | +1.9% | +3.4% | +7.7% |
| 2010 | −3.2% | −25.3% | +15.1% | +19.9% | +6.4% |
| 2009 | +28.4% | −32.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −42.5% | −53.1% | −36.8% | −41.7% | +7.9% |
| 2007 | +13.5% | −12.6% | +5.1% | +19.0% | +6.6% |
| 2006 | +26.6% | −12.6% | +15.8% | +7.1% | +3.9% |
| 2005 | +8.0% | −6.9% | +4.8% | +1.6% | +2.3% |
| 2004 | +13.8% | −10.2% | +10.7% | +10.5% | +3.8% |
| 2003 | +40.8% | −18.9% | +28.2% | +49.7% | — |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SPEU largest drawdowns
Now 7.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 31, 2007 | −62.5% | Mar 9, 2009 | Jan 19, 2018 | 1.4 years | 10.2 years |
| Jan 17, 2020 | −36.8% | Mar 18, 2020 | Nov 24, 2020 | 2 months | 10 months |
| Nov 9, 2021 | −32.7% | Sep 27, 2022 | Feb 22, 2024 | 11 months | 2.3 years |
| Jan 26, 2018 | −21.9% | Dec 24, 2018 | Dec 16, 2019 | 11 months | 1.9 years |
| Nov 21, 2002 | −20.1% | Mar 12, 2003 | May 7, 2003 | 4 months | 5 months |
| Mar 18, 2025 | −14.2% | Apr 8, 2025 | May 2, 2025 | 21 days | 45 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SPEU risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2002 |
|---|---|---|---|---|
| Annualized return | +17.9% | +9.1% | +9.3% | +6.8% |
| Volatility (annualized) | 13.2% | 17.1% | 16.9% | 18.0% |
| Sharpe ratio | 0.99 | 0.39 | 0.48 | — |
| Sortino ratio | 1.63 | 0.59 | 0.72 | — |
| Best month | +9.6% | +13.7% | +17.2% | +17.2% |
| Worst month | −8.3% | −10.0% | −16.5% | −20.1% |
| Best 12 months | +35.8% | +35.8% | +49.3% | +55.3% |
| Worst 12 months | +1.9% | −27.0% | −27.0% | −51.3% |
| Positive months | 72% | 63% | 63% | 58% |
| Beta vs S&P 500 | 0.62 | 0.84 | 0.88 | — |
| Correlation with S&P 500 | 0.58 | 0.77 | 0.80 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SPEU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 277 | −51.3% | +11.7% | +55.3% | 69% |
| 3-year (a year) | 253 | −15.8% | +5.7% | +26.2% | 77% |
| 5-year (a year) | 229 | −8.5% | +4.3% | +20.8% | 80% |
| 10-year (a year) | 169 | −1.2% | +4.5% | +10.4% | 91% |
Every holding period starting at a month-end since 2002. Returns for 3 years and longer are annualized.
SPEU performance overview
SPDR Portfolio Europe ETF (SPEU) returned +9.1% over the past year and +9.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2002 it has returned +6.6% a year, turning $10,000 into about $46,361. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −62.5%, from Oct 31, 2007 to Mar 9, 2009, and it took 8.9 years to get back to the old high. SPEU finished 15 of its 23 full calendar years with a gain; the best year was 2003 (+40.8%) and the worst 2008 (−42.5%). Volatility has been 18.0% a year.
Related: SPEU chart, SPEU holdings, SPEU dividends. See the SPEU overview for the latest quote and fund facts.
SPEU performance FAQ
What is the SPEU return over the past year?
SPEU returned +9.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.2%.
What is the average annual return of SPEU?
SPEU has returned +7.9% a year over 5 years, +9.5% a year over 10 years, +6.6% a year since October 21, 2002 (total return, distributions reinvested).
How much would $10,000 invested in SPEU be worth?
$10,000 invested in SPEU at its first recorded close on October 21, 2002 would be worth about $46,361 on October 23, 2026 with distributions reinvested.
What was the worst year for SPEU?
The worst calendar year was 2008, with a total return of −42.5%. The best was 2003 at +40.8%.
What is the biggest drawdown of SPEU?
The largest peak-to-trough decline was −62.5% between October 31, 2007 and March 9, 2009. It recovered to the old high on January 19, 2018, 8.9 years after the bottom.
How volatile is SPEU?
Over the past 3 years SPEU had an annualized volatility of 13.2% and a Sharpe ratio of 0.99 (excess return over 1–3 month T-bills per unit of risk).