SAP vs. VDE
SAP (SAP SE) is a stock, while VDE (Vanguard Energy ETF) is Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Over the past 10 years, SAP returned 8.93%/yr vs 8.98%/yr for VDE. At a 0.36 correlation, their price movements are largely independent.
Performance
SAP vs. VDE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SAP achieves a -32.30% return, which is significantly lower than VDE's 29.27% return. Both investments have delivered pretty close results over the past 10 years, with SAP having a 8.93% annualized return and VDE not far ahead at 8.98%.
SAP
- 1D
- 3.68%
- 1M
- -2.28%
- 6M
- -30.27%
- YTD
- -32.30%
- 1Y
- -46.26%
- 3Y*
- 5.03%
- 5Y*
- 3.43%
- 10Y*
- 8.93%
VDE
- 1D
- 0.84%
- 1M
- 3.78%
- 6M
- 21.26%
- YTD
- 29.27%
- 1Y
- 37.00%
- 3Y*
- 15.80%
- 5Y*
- 22.87%
- 10Y*
- 8.98%
SAP vs. VDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | -32.30% | -0.48% | 61.27% | 52.30% | -24.64% | 9.22% | -1.28% | 36.43% | -10.04% | 31.25% |
VDE Vanguard Energy ETF | 29.27% | 7.11% | 6.75% | 0.03% | 62.89% | 56.31% | -33.02% | 9.28% | -19.95% | -2.50% |
Correlation
The correlation between SAP and VDE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2004 | 0.36 |
The correlation between SAP and VDE shifts across timeframes, from -0.04 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SAP vs. VDE — Risk / Return Rank
SAP
VDE
SAP vs. VDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SAP SE (SAP) and Vanguard Energy ETF (VDE). 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.
| SAP | VDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.31 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.29 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 2.47 | -3.38 |
| Martin ratioReturn relative to average drawdown | -1.49 | 6.72 | -8.21 |
Loading charts...
Drawdowns
SAP vs. VDE - Drawdown Comparison
The maximum SAP drawdown since its inception was -87.91%, which is greater than VDE's maximum drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for SAP and VDE.
Loading charts...
Drawdown Indicators
| SAP | VDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.91% | -74.20% | -13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -51.19% | -15.04% | -36.15% |
Max Drawdown (3Y)Largest decline over 3 years | -51.71% | -21.41% | -30.30% |
Max Drawdown (5Y)Largest decline over 5 years | -51.71% | -26.58% | -25.13% |
Max Drawdown (10Y)Largest decline over 10 years | -51.71% | -69.29% | +17.58% |
Current DrawdownCurrent decline from peak | -47.28% | -8.54% | -38.74% |
Average DrawdownAverage peak-to-trough decline | -28.30% | -19.91% | -8.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.12% | 5.52% | +25.60% |
Volatility
SAP vs. VDE - Volatility Comparison
SAP SE (SAP) has a higher volatility of 11.72% compared to Vanguard Energy ETF (VDE) at 6.04%. This indicates that SAP's price experiences larger fluctuations and is considered to be riskier than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SAP | VDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.72% | 6.04% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 32.25% | 16.57% | +15.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.58% | 20.84% | +14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.09% | 26.25% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.38% | 29.91% | -1.53% |
Dividends
SAP vs. VDE - Dividend Comparison
SAP's dividend yield for the trailing twelve months is around 1.81%, less than VDE's 2.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SAP SAP SE | 1.81% | 1.05% | 0.97% | 1.41% | 2.05% | 1.56% | 1.31% | 1.27% | 1.73% | 0.87% | 1.08% | 1.11% |
VDE Vanguard Energy ETF | 2.51% | 3.11% | 3.23% | 3.34% | 3.65% | 4.13% | 4.76% | 3.42% | 3.35% | 2.90% | 2.31% | 3.17% |
Frequently Asked Questions
SAP and VDE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SAP has higher volatility (11.72%) compared to VDE (6.04%). In terms of maximum drawdown, SAP dropped -87.91% vs VDE's -74.20%.
VDE currently has the higher Sharpe Ratio (1.79 vs -1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SAP and VDE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer