IE00BFPM9N11.EUFUND vs. SPY
IE00BFPM9N11.EUFUND (Vanguard Global Stock Index Fund Institutional Plus EUR Acc) and SPY (State Street SPDR S&P 500 ETF) are both funds - IE00BFPM9N11.EUFUND is a Global Equities fund managed by Vanguard, while SPY is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, IE00BFPM9N11.EUFUND returned 12.73%/yr vs 15.22%/yr for SPY. Their correlation of 0.90 suggests significant overlap in exposure. IE00BFPM9N11.EUFUND charges 0.11%/yr vs 0.09%/yr for SPY.
Performance
IE00BFPM9N11.EUFUND vs. SPY - Performance Comparison
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Different Trading Currencies
IE00BFPM9N11.EUFUND is traded in EUR, while SPY is traded in USD. To make them comparable, the SPY values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IE00BFPM9N11.EUFUND achieves a 11.37% return, which is significantly lower than SPY's 12.60% return. Over the past 10 years, IE00BFPM9N11.EUFUND has underperformed SPY with an annualized return of 12.73%, while SPY has yielded a comparatively higher 15.22% annualized return.
IE00BFPM9N11.EUFUND
- 1D
- -0.37%
- 1M
- 4.66%
- YTD
- 11.37%
- 6M
- 11.06%
- 1Y
- 23.74%
- 3Y*
- 17.53%
- 5Y*
- 12.74%
- 10Y*
- 12.73%
SPY
- 1D
- 0.24%
- 1M
- 5.30%
- YTD
- 12.60%
- 6M
- 11.55%
- 1Y
- 26.34%
- 3Y*
- 19.32%
- 5Y*
- 14.97%
- 10Y*
- 15.22%
IE00BFPM9N11.EUFUND vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc | 11.37% | 6.73% | 26.59% | 19.63% | -12.79% | 31.07% | 6.32% | 30.03% | -4.16% | 7.47% |
SPY State Street SPDR S&P 500 ETF | 12.60% | 3.75% | 33.13% | 22.39% | -13.10% | 38.36% | 8.58% | 34.19% | -0.09% | 6.75% |
Correlation
The correlation between IE00BFPM9N11.EUFUND and SPY is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2013 | 0.90 |
The correlation between IE00BFPM9N11.EUFUND and SPY has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
IE00BFPM9N11.EUFUND vs. SPY — Risk / Return Rank
IE00BFPM9N11.EUFUND
SPY
IE00BFPM9N11.EUFUND vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) and State Street SPDR S&P 500 ETF (SPY). 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.
| IE00BFPM9N11.EUFUND | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.59 | -0.08 |
| Martin ratioReturn relative to average drawdown | 14.67 | 13.59 | +1.08 |
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
| IE00BFPM9N11.EUFUND | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 2.16 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.89 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.83 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.62 | +0.20 |
Drawdowns
IE00BFPM9N11.EUFUND vs. SPY - Drawdown Comparison
The maximum IE00BFPM9N11.EUFUND drawdown since its inception was -33.75%, smaller than the maximum SPY drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for IE00BFPM9N11.EUFUND and SPY.
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Drawdown Indicators
| IE00BFPM9N11.EUFUND | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.75% | -49.85% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -7.38% | +0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -23.87% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -23.87% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -33.75% | -33.22% | -0.53% |
Current DrawdownCurrent decline from peak | -0.37% | -0.19% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -7.85% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.94% | -0.37% |
Volatility
IE00BFPM9N11.EUFUND vs. SPY - Volatility Comparison
Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) and State Street SPDR S&P 500 ETF (SPY) have volatilities of 2.24% and 2.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE00BFPM9N11.EUFUND | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 2.17% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.43% | 8.55% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 12.23% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 16.96% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 18.46% | -3.34% |
IE00BFPM9N11.EUFUND vs. SPY - Expense Ratio Comparison
IE00BFPM9N11.EUFUND has a 0.11% expense ratio, which is higher than SPY's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IE00BFPM9N11.EUFUND vs. SPY - Dividend Comparison
IE00BFPM9N11.EUFUND has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR 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% |
SPY State Street SPDR S&P 500 ETF | 0.98% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Frequently Asked Questions
IE00BFPM9N11.EUFUND and SPY have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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