SPY1.DE vs. VSMGX

Last updated Jun 5, 2026

SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and VSMGX (Vanguard LifeStrategy Moderate Growth Fund) are both funds - SPY1.DE is a S&P 500 fund tracking the S&P 500 Low Volatility, while VSMGX is a Diversified Portfolio fund managed by Vanguard. Over the past 10 years, SPY1.DE returned 7.35%/yr vs 8.61%/yr for VSMGX. At a 0.48 correlation, their price movements are largely independent. SPY1.DE charges 0.35%/yr vs 0.13%/yr for VSMGX.

Performance

SPY1.DE vs. VSMGX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and Vanguard LifeStrategy Moderate Growth Fund (VSMGX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPY1.DE is traded in EUR, while VSMGX is traded in USD. To make them comparable, the VSMGX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than VSMGX's 8.92% return. Over the past 10 years, SPY1.DE has underperformed VSMGX with an annualized return of 7.35%, while VSMGX has yielded a comparatively higher 8.61% annualized return.

SPY1.DE

• 1D: -0.18%
• 1M: -1.34%
• YTD: 2.00%
• 6M: 1.72%
• 1Y: -1.53%
• 3Y*: 4.28%
• 5Y*: 5.96%
• 10Y*: 7.35%

VSMGX

• 1D: -0.35%
• 1M: 3.19%
• YTD: 8.92%
• 6M: 8.51%
• 1Y: 16.98%
• 3Y*: 12.78%
• 5Y*: 8.67%
• 10Y*: 8.61%

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

SPY1.DE vs. VSMGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF	2.00%	-7.26%	20.46%	-3.91%	0.94%	34.70%	-10.69%	29.65%	3.67%	2.32%
VSMGX Vanguard LifeStrategy Moderate Growth Fund	9.01%	2.46%	22.62%	12.23%	-10.81%	18.31%	4.23%	22.07%	-0.44%	-0.31%

Correlation

The correlation between SPY1.DE and VSMGX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 5, 2012	0.48

Over the past year, the correlation between SPY1.DE and VSMGX has dropped to 0.11 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

SPY1.DE vs. VSMGX — Risk / Return Rank

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

SPY1.DE

SPY1.DE Risk / Return Rank: 7
SPY1.DE Sharpe Ratio Rank: 7
SPY1.DE Sortino Ratio Rank: 7
SPY1.DE Omega Ratio Rank: 7
SPY1.DE Calmar Ratio Rank: 7
SPY1.DE Martin Ratio Rank: 7

VSMGX

VSMGX Risk / Return Rank: 63
VSMGX Sharpe Ratio Rank: 63
VSMGX Sortino Ratio Rank: 63
VSMGX Omega Ratio Rank: 63
VSMGX Calmar Ratio Rank: 57
VSMGX Martin Ratio Rank: 66

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.

SPY1.DE vs. VSMGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and Vanguard LifeStrategy Moderate Growth Fund (VSMGX). 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.

	SPY1.DE	VSMGX	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	2.05	-2.20
Sortino ratio: Return per unit of downside risk	-0.14	2.77	-2.91
Omega ratio: Gain probability vs. loss probability	0.98	1.39	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.23	3.82	-4.04
Martin ratio: Return relative to average drawdown	-0.48	13.97	-14.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY1.DE vs. VSMGX - Sharpe Ratio Comparison

The current SPY1.DE Sharpe Ratio is -0.15, which is lower than the VSMGX Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SPY1.DE and VSMGX, 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

	SPY1.DE	VSMGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	2.05	-2.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.86	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.78	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.60	+0.09

Drawdowns

SPY1.DE vs. VSMGX - Drawdown Comparison

The maximum SPY1.DE drawdown since its inception was -35.30%, roughly equal to the maximum VSMGX drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and VSMGX.

Drawdown Indicators

	SPY1.DE	VSMGX	Difference
Max Drawdown Largest peak-to-trough decline	-35.30%	-33.96%	-1.34%
Max Drawdown (1Y) Largest decline over 1 year	-6.77%	-4.45%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-14.59%	-15.63%	+1.04%
Max Drawdown (5Y) Largest decline over 5 years	-16.32%	-15.63%	-0.69%
Max Drawdown (10Y) Largest decline over 10 years	-35.30%	-22.10%	-13.20%
Current Drawdown Current decline from peak	-11.45%	-0.35%	-11.10%
Average Drawdown Average peak-to-trough decline	-6.16%	-5.51%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	1.21%	+1.94%

Volatility

SPY1.DE vs. VSMGX - Volatility Comparison

SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.46% compared to Vanguard LifeStrategy Moderate Growth Fund (VSMGX) at 2.04%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than VSMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPY1.DE	VSMGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	2.04%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	7.38%	6.12%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.25%	8.30%	+1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.47%	10.14%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.00%	11.08%	+2.92%

SPY1.DE vs. VSMGX - Expense Ratio Comparison

SPY1.DE has a 0.35% expense ratio, which is higher than VSMGX's 0.13% expense ratio.

Dividends

SPY1.DE vs. VSMGX - Dividend Comparison

SPY1.DE has not paid dividends to shareholders, while VSMGX's dividend yield for the trailing twelve months is around 4.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VSMGX Vanguard LifeStrategy Moderate Growth Fund	4.87%	5.25%	11.49%	4.01%	2.66%	3.86%	3.46%	2.52%	4.11%	1.09%	2.26%	3.89%

Frequently Asked Questions

Can I hold both SPY1.DE and VSMGX in my portfolio?

SPY1.DE and VSMGX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.