SPDG vs. VDIV.DE

Last updated Jun 4, 2026

SPDG (SPDR Portfolio S&P Sector Neutral Dividend ETF) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - SPDG is a Dividend fund tracking the S&P Sector-Neutral High Yield Dividend Aristocrats Index, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past year, SPDG returned 28.62% vs 28.03% for VDIV.DE. At a 0.43 correlation, their price movements are largely independent. SPDG charges 0.05%/yr vs 0.38%/yr for VDIV.DE.

Performance

SPDG vs. VDIV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPDG is traded in USD, while VDIV.DE is traded in EUR. To make them comparable, the VDIV.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPDG achieves a 16.69% return, which is significantly higher than VDIV.DE's 8.24% return.

SPDG

• 1D: -0.67%
• 1M: 7.25%
• YTD: 16.69%
• 6M: 16.41%
• 1Y: 28.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VDIV.DE

• 1D: 0.00%
• 1M: -0.42%
• YTD: 8.24%
• 6M: 12.39%
• 1Y: 28.03%
• 3Y*: 23.12%
• 5Y*: 16.36%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPDG vs. VDIV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	16.69%	11.66%	20.22%	8.14%
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	8.24%	40.61%	9.06%	8.18%

Correlation

The correlation between SPDG and VDIV.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.43

Return for Risk

SPDG vs. VDIV.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPDG

SPDG Risk / Return Rank: 69
SPDG Sharpe Ratio Rank: 71
SPDG Sortino Ratio Rank: 75
SPDG Omega Ratio Rank: 69
SPDG Calmar Ratio Rank: 69
SPDG Martin Ratio Rank: 63

VDIV.DE

VDIV.DE Risk / Return Rank: 85
VDIV.DE Sharpe Ratio Rank: 80
VDIV.DE Sortino Ratio Rank: 83
VDIV.DE Omega Ratio Rank: 81
VDIV.DE Calmar Ratio Rank: 93
VDIV.DE Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPDG vs. VDIV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.

	SPDG	VDIV.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.54	-0.17
Sortino ratio: Return per unit of downside risk	3.41	3.43	-0.02
Omega ratio: Gain probability vs. loss probability	1.42	1.46	-0.04
Calmar ratio: Return relative to maximum drawdown	3.45	5.21	-1.76
Martin ratio: Return relative to average drawdown	11.57	15.85	-4.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPDG vs. VDIV.DE - Sharpe Ratio Comparison

The current SPDG Sharpe Ratio is 2.37, which is comparable to the VDIV.DE Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of SPDG and VDIV.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPDG	VDIV.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.54	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.52	0.88	+0.64

Drawdowns

SPDG vs. VDIV.DE - Drawdown Comparison

The maximum SPDG drawdown since its inception was -15.67%, smaller than the maximum VDIV.DE drawdown of -37.84%. Use the drawdown chart below to compare losses from any high point for SPDG and VDIV.DE.

Drawdown Indicators

	SPDG	VDIV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-15.67%	-37.84%	+22.17%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-5.36%	-2.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.50%	—
Current Drawdown Current decline from peak	-0.67%	-2.91%	+2.24%
Average Drawdown Average peak-to-trough decline	-2.19%	-4.37%	+2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	1.76%	+0.72%

Volatility

SPDG vs. VDIV.DE - Volatility Comparison

SPDR Portfolio S&P Sector Neutral Dividend ETF (SPDG) has a higher volatility of 3.54% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 3.20%. This indicates that SPDG's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPDG	VDIV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.20%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	7.96%	+1.27%
Volatility (1Y) Calculated over the trailing 1-year period	12.14%	10.99%	+1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	14.27%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.18%	16.90%	-2.72%

SPDG vs. VDIV.DE - Expense Ratio Comparison

SPDG has a 0.05% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.

Dividends

SPDG vs. VDIV.DE - Dividend Comparison

SPDG's dividend yield for the trailing twelve months is around 2.59%, less than VDIV.DE's 4.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPDG SPDR Portfolio S&P Sector Neutral Dividend ETF	2.59%	2.87%	2.61%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	4.88%	3.58%	4.19%	4.97%	4.56%	3.97%	4.11%	4.35%	0.91%

Frequently Asked Questions

Can I hold both SPDG and VDIV.DE in my portfolio?

SPDG and VDIV.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPDG or VDIV.DE?

On fees, SPDG is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPDG or VDIV.DE?

SPDG is cheaper with a 0.05% expense ratio, compared with 0.38% for VDIV.DE.

What is the main difference between SPDG and VDIV.DE?

SPDG is categorized as Dividend, while VDIV.DE is Global Equities. SPDG tracks S&P Sector-Neutral High Yield Dividend Aristocrats Index, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.05% for SPDG and 0.38% for VDIV.DE.