SPPE.DE vs. VUAA.DE
SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both S&P 500 funds - SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index while VUAA.DE tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPPE.DE returned 10.69%/yr vs 14.30%/yr for VUAA.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPPE.DE charges 0.12%/yr vs 0.07%/yr for VUAA.DE.
Performance
SPPE.DE vs. VUAA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPE.DE achieves a 7.12% return, which is significantly lower than VUAA.DE's 9.96% return.
SPPE.DE
- 1D
- 2.15%
- 1M
- 0.28%
- YTD
- 7.12%
- 6M
- 8.21%
- 1Y
- 21.53%
- 3Y*
- 18.29%
- 5Y*
- 10.69%
- 10Y*
- —
VUAA.DE
- 1D
- 1.54%
- 1M
- 1.63%
- YTD
- 9.96%
- 6M
- 10.78%
- 1Y
- 24.50%
- 3Y*
- 18.05%
- 5Y*
- 14.30%
- 10Y*
- —
SPPE.DE vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 7.12% | 15.32% | 23.27% | 23.16% | -21.71% | 28.53% | 14.75% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 9.96% | 4.69% | 32.69% | 22.51% | -14.29% | 40.75% | 5.89% |
Correlation
The correlation between SPPE.DE and VUAA.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.87 |
The correlation between SPPE.DE and VUAA.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
SPPE.DE vs. VUAA.DE — Risk / Return Rank
SPPE.DE
VUAA.DE
SPPE.DE vs. VUAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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.
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.
| SPPE.DE | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 3.48 | -1.01 |
| Martin ratioReturn relative to average drawdown | 10.29 | 12.44 | -2.15 |
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Drawdowns
SPPE.DE vs. VUAA.DE - Drawdown Comparison
The maximum SPPE.DE drawdown since its inception was -34.33%, roughly equal to the maximum VUAA.DE drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for SPPE.DE and VUAA.DE.
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Drawdown Indicators
| SPPE.DE | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -33.67% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -7.00% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -23.33% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -26.10% | -23.33% | -2.77% |
Current DrawdownCurrent decline from peak | -2.33% | -1.74% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -4.88% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 1.96% | +0.13% |
Volatility
SPPE.DE vs. VUAA.DE - Volatility Comparison
SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a higher volatility of 3.87% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 3.07%. This indicates that SPPE.DE's price experiences larger fluctuations and is considered to be riskier than VUAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPE.DE | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.07% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.02% | 7.81% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 11.73% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.03% | 15.14% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.66% | 17.61% | +0.05% |
SPPE.DE vs. VUAA.DE - Expense Ratio Comparison
SPPE.DE has a 0.12% expense ratio, which is higher than VUAA.DE's 0.07% 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
SPPE.DE vs. VUAA.DE - Dividend Comparison
Neither SPPE.DE nor VUAA.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 1.09% |
Frequently Asked Questions
SPPE.DE and VUAA.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for SPPE.DE.
SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index, while VUAA.DE tracks S&P 500 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.12% for SPPE.DE and 0.07% for VUAA.DE.
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