SPXB vs. VWCE.DE

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares S&P 500 Bond ETF (SPXB) and Vanguard FTSE All-World UCITS ETF (VWCE.DE).

SPXB and VWCE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXB is a passively managed fund by ProShares that tracks the performance of the S&P 500 MarketAxess Investment Grade Corporate Bond Index. It was launched on May 1, 2018. VWCE.DE is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World Index. It was launched on Jul 23, 2019. Both SPXB and VWCE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPXB vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Bond ETF (SPXB) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

SPXB vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	-3.45%	8.83%	-16.66%	-1.89%	10.33%	4.47%
VWCE.DE Vanguard FTSE All-World UCITS ETF	-1.65%	23.23%	17.30%	21.91%	-18.24%	18.47%	15.65%	8.51%

Different Trading Currencies

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

Returns By Period

SPXB

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VWCE.DE

• 1D: 2.54%
• 1M: -4.19%
• YTD: -1.65%
• 6M: 1.94%
• 1Y: 22.08%
• 3Y*: 17.58%
• 5Y*: 9.65%
• 10Y*: —

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

SPXB vs. VWCE.DE - Expense Ratio Comparison

SPXB has a 0.15% expense ratio, which is lower than VWCE.DE's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VWCE.DE

Vanguard FTSE All-World UCITS ETF

SPXB

ProShares S&P 500 Bond ETF

Return for Risk

SPXB vs. VWCE.DE — Risk / Return Rank

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

VWCE.DE

VWCE.DE Risk / Return Rank: 52
VWCE.DE Sharpe Ratio Rank: 45
VWCE.DE Sortino Ratio Rank: 42
VWCE.DE Omega Ratio Rank: 46
VWCE.DE Calmar Ratio Rank: 59
VWCE.DE Martin Ratio Rank: 68

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.

SPXB vs. VWCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) and Vanguard FTSE All-World UCITS ETF (VWCE.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPXB	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.34	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.67	—

Correlation

The correlation between SPXB and VWCE.DE is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPXB vs. VWCE.DE - Dividend Comparison

Neither SPXB nor VWCE.DE has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	1.22%	4.04%	3.14%	2.00%	2.64%	3.48%	2.52%
VWCE.DE Vanguard FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	SPXB	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.43%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.20%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.07%	—
Current Drawdown Current decline from peak	—	-3.95%	—
Average Drawdown Average peak-to-trough decline	—	-4.80%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.94%	—

Volatility

Volatility by Period

	SPXB	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.40%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.28%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.40%	—