SPPU.DE vs. VUCE.DE

Last updated Jun 5, 2026

SPPU.DE (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and VUCE.DE (Vanguard USD Corporate Bond UCITS ETF Accumulating) are both Corporate Bonds funds - SPPU.DE tracks the Bloomberg SASB US Corporate ESG Ex-Controversies Select while VUCE.DE tracks the Bloomberg Global Aggregate Corporate USD. Both are passively managed. Over the past 5 years, SPPU.DE returned 1.29%/yr vs 1.63%/yr for VUCE.DE. With a 0.97 correlation, they move nearly in lockstep. SPPU.DE charges 0.15%/yr vs 0.09%/yr for VUCE.DE.

Performance

SPPU.DE vs. VUCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) and Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPPU.DE having a 1.68% return and VUCE.DE slightly lower at 1.67%.

SPPU.DE

• 1D: 0.14%
• 1M: 1.15%
• YTD: 1.68%
• 6M: 0.95%
• 1Y: 4.12%
• 3Y*: 2.27%
• 5Y*: 1.29%
• 10Y*: —

VUCE.DE

• 1D: 0.13%
• 1M: 1.23%
• YTD: 1.67%
• 6M: 1.00%
• 1Y: 4.10%
• 3Y*: 2.60%
• 5Y*: 1.63%
• 10Y*: —

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

SPPU.DE vs. VUCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPPU.DE SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF	1.68%	-4.22%	7.66%	4.50%	-10.58%	6.82%	-1.58%
VUCE.DE Vanguard USD Corporate Bond UCITS ETF Accumulating	1.67%	-4.17%	8.58%	4.45%	-9.55%	7.08%	-1.34%

Correlation

The correlation between SPPU.DE and VUCE.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Oct 27, 2020	0.97

The correlation between SPPU.DE and VUCE.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

Return for Risk

SPPU.DE vs. VUCE.DE — Risk / Return Rank

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

SPPU.DE

SPPU.DE Risk / Return Rank: 21
SPPU.DE Sharpe Ratio Rank: 20
SPPU.DE Sortino Ratio Rank: 19
SPPU.DE Omega Ratio Rank: 19
SPPU.DE Calmar Ratio Rank: 24
SPPU.DE Martin Ratio Rank: 23

VUCE.DE

VUCE.DE Risk / Return Rank: 22
VUCE.DE Sharpe Ratio Rank: 20
VUCE.DE Sortino Ratio Rank: 20
VUCE.DE Omega Ratio Rank: 19
VUCE.DE Calmar Ratio Rank: 25
VUCE.DE Martin Ratio Rank: 24

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.

SPPU.DE vs. VUCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) and Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.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.

	SPPU.DE	VUCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.65	0.66	-0.01
Sortino ratio: Return per unit of downside risk	0.97	0.99	-0.02
Omega ratio: Gain probability vs. loss probability	1.12	1.12	0.00
Calmar ratio: Return relative to maximum drawdown	1.12	1.16	-0.05
Martin ratio: Return relative to average drawdown	2.87	2.99	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPU.DE vs. VUCE.DE - Sharpe Ratio Comparison

The current SPPU.DE Sharpe Ratio is 0.65, which is comparable to the VUCE.DE Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of SPPU.DE and VUCE.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

	SPPU.DE	VUCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	0.66	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.20	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.22	-0.15

Drawdowns

SPPU.DE vs. VUCE.DE - Drawdown Comparison

The maximum SPPU.DE drawdown since its inception was -13.50%, roughly equal to the maximum VUCE.DE drawdown of -13.02%. Use the drawdown chart below to compare losses from any high point for SPPU.DE and VUCE.DE.

Drawdown Indicators

	SPPU.DE	VUCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.50%	-13.02%	-0.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.32%	-3.24%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-11.44%	-11.15%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-13.50%	-12.75%	-0.75%
Current Drawdown Current decline from peak	-5.13%	-5.08%	-0.05%
Average Drawdown Average peak-to-trough decline	-6.15%	-5.43%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.29%	1.26%	+0.03%

Volatility

SPPU.DE vs. VUCE.DE - Volatility Comparison

SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (SPPU.DE) has a higher volatility of 1.00% compared to Vanguard USD Corporate Bond UCITS ETF Accumulating (VUCE.DE) at 0.91%. This indicates that SPPU.DE's price experiences larger fluctuations and is considered to be riskier than VUCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPU.DE	VUCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	0.91%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.94%	3.98%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	5.71%	5.71%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.42%	8.02%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.29%	8.36%	-0.07%

SPPU.DE vs. VUCE.DE - Expense Ratio Comparison

SPPU.DE has a 0.15% expense ratio, which is higher than VUCE.DE'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

SPPU.DE vs. VUCE.DE - Dividend Comparison

Neither SPPU.DE nor VUCE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPPU.DE and VUCE.DE in my portfolio?

With a correlation of 0.96, SPPU.DE and VUCE.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, SPPU.DE or VUCE.DE?

On fees, VUCE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPPU.DE or VUCE.DE?

VUCE.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for SPPU.DE.

What is the main difference between SPPU.DE and VUCE.DE?

SPPU.DE tracks Bloomberg SASB US Corporate ESG Ex-Controversies Select, while VUCE.DE tracks Bloomberg Global Aggregate Corporate USD. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for SPPU.DE and 0.09% for VUCE.DE.