SPP2.DE vs. VGVE.DE

Last updated Jun 5, 2026

SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) and VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) are both Global Equities funds - SPP2.DE tracks the MSCI ACWI (USD Hedged) while VGVE.DE tracks the FTSE Developed. Both are passively managed. Over the past 5 years, SPP2.DE returned 12.62%/yr vs 11.90%/yr for VGVE.DE. Their correlation of 0.95 suggests significant overlap in exposure. SPP2.DE charges 0.45%/yr vs 0.12%/yr for VGVE.DE.

Performance

SPP2.DE vs. VGVE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) and Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPP2.DE is traded in USD, while VGVE.DE is traded in EUR. To make them comparable, the VGVE.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPP2.DE having a 11.75% return and VGVE.DE slightly lower at 11.24%.

SPP2.DE

• 1D: -0.01%
• 1M: 4.55%
• YTD: 11.75%
• 6M: 13.20%
• 1Y: 29.76%
• 3Y*: 21.57%
• 5Y*: 12.62%
• 10Y*: —

VGVE.DE

• 1D: -0.06%
• 1M: 2.72%
• YTD: 11.24%
• 6M: 12.47%
• 1Y: 27.87%
• 3Y*: 21.26%
• 5Y*: 11.90%
• 10Y*: —

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

SPP2.DE vs. VGVE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc	11.75%	21.21%	20.40%	22.86%	-16.46%	21.23%	11.03%
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	11.24%	22.81%	17.77%	23.70%	-18.46%	21.02%	12.23%

Correlation

The correlation between SPP2.DE and VGVE.DE is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020	0.95

The correlation between SPP2.DE and VGVE.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

SPP2.DE vs. VGVE.DE — Risk / Return Rank

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

SPP2.DE

SPP2.DE Risk / Return Rank: 78
SPP2.DE Sharpe Ratio Rank: 77
SPP2.DE Sortino Ratio Rank: 82
SPP2.DE Omega Ratio Rank: 78
SPP2.DE Calmar Ratio Rank: 74
SPP2.DE Martin Ratio Rank: 80

VGVE.DE

VGVE.DE Risk / Return Rank: 77
VGVE.DE Sharpe Ratio Rank: 72
VGVE.DE Sortino Ratio Rank: 72
VGVE.DE Omega Ratio Rank: 75
VGVE.DE Calmar Ratio Rank: 81
VGVE.DE Martin Ratio Rank: 84

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.

SPP2.DE vs. VGVE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) and Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.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.

	SPP2.DE	VGVE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.45	2.36	+0.09
Sortino ratio: Return per unit of downside risk	3.62	3.43	+0.19
Omega ratio: Gain probability vs. loss probability	1.46	1.42	+0.03
Calmar ratio: Return relative to maximum drawdown	3.65	3.26	+0.39
Martin ratio: Return relative to average drawdown	15.47	14.19	+1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPP2.DE vs. VGVE.DE - Sharpe Ratio Comparison

The current SPP2.DE Sharpe Ratio is 2.45, which is comparable to the VGVE.DE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of SPP2.DE and VGVE.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

	SPP2.DE	VGVE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	2.36	+0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.76	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	0.75	+0.30

Drawdowns

SPP2.DE vs. VGVE.DE - Drawdown Comparison

The maximum SPP2.DE drawdown since its inception was -22.60%, smaller than the maximum VGVE.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for SPP2.DE and VGVE.DE.

Drawdown Indicators

	SPP2.DE	VGVE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.60%	-34.11%	+11.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.12%	-8.65%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-17.49%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	-22.60%	-26.14%	+3.54%
Current Drawdown Current decline from peak	-0.66%	-0.74%	+0.08%
Average Drawdown Average peak-to-trough decline	-4.50%	-5.22%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.92%	1.99%	-0.07%

Volatility

SPP2.DE vs. VGVE.DE - Volatility Comparison

SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) has a higher volatility of 3.48% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) at 3.25%. This indicates that SPP2.DE's price experiences larger fluctuations and is considered to be riskier than VGVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPP2.DE	VGVE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.25%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	9.50%	8.97%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	11.93%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.85%	15.42%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	16.55%	-1.78%

SPP2.DE vs. VGVE.DE - Expense Ratio Comparison

SPP2.DE has a 0.45% expense ratio, which is higher than VGVE.DE's 0.12% expense ratio.

Dividends

SPP2.DE vs. VGVE.DE - Dividend Comparison

SPP2.DE has not paid dividends to shareholders, while VGVE.DE's dividend yield for the trailing twelve months is around 1.06%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	1.06%	1.22%	1.36%	1.59%	1.93%	1.22%	1.40%	1.67%	1.95%	0.34%

Frequently Asked Questions

Can I hold both SPP2.DE and VGVE.DE in my portfolio?

With a correlation of 0.93, SPP2.DE and VGVE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SPP2.DE or VGVE.DE?

On fees, VGVE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPP2.DE or VGVE.DE?

VGVE.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for SPP2.DE.

What is the main difference between SPP2.DE and VGVE.DE?

SPP2.DE tracks MSCI ACWI (USD Hedged), while VGVE.DE tracks FTSE Developed. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.45% for SPP2.DE and 0.12% for VGVE.DE.