SPY4.DE vs. VJPN.DE
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and VJPN.DE (Vanguard FTSE Japan UCITS ETF Distributing) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, while VJPN.DE is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 5 years, SPY4.DE returned 9.06%/yr vs 9.99%/yr for VJPN.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPY4.DE charges 0.30%/yr vs 0.15%/yr for VJPN.DE.
Performance
SPY4.DE vs. VJPN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY4.DE achieves a 16.24% return, which is significantly lower than VJPN.DE's 18.13% return.
SPY4.DE
- 1D
- 0.04%
- 1M
- -0.17%
- 6M
- 11.60%
- YTD
- 16.24%
- 1Y
- 22.55%
- 3Y*
- 11.60%
- 5Y*
- 9.06%
- 10Y*
- 9.95%
- ALL TIME*
- 12.22%
VJPN.DE
- 1D
- 2.05%
- 1M
- -2.36%
- 6M
- 13.81%
- YTD
- 18.13%
- 1Y
- 35.94%
- 3Y*
- 16.71%
- 5Y*
- 9.99%
- 10Y*
- —
- ALL TIME*
- 7.95%
SPY4.DE vs. VJPN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 16.24% | -3.63% | 18.67% | 13.23% | -8.82% | 35.58% | 2.35% | 29.20% | -8.77% | 4.21% |
VJPN.DE Vanguard FTSE Japan UCITS ETF Distributing | 18.13% | 13.29% | 13.05% | 15.88% | -11.56% | 9.49% | 4.96% | 21.66% | -10.15% | 0.18% |
Correlation
The correlation between SPY4.DE and VJPN.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.58 |
The correlation between SPY4.DE and VJPN.DE has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. VJPN.DE — Risk / Return Rank
SPY4.DE
VJPN.DE
SPY4.DE vs. VJPN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) and Vanguard FTSE Japan UCITS ETF Distributing (VJPN.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.
| SPY4.DE | VJPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.68 | +0.02 |
| Martin ratioReturn relative to average drawdown | 11.08 | 12.02 | -0.93 |
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Drawdowns
SPY4.DE vs. VJPN.DE - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.71%, which is greater than VJPN.DE's maximum drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and VJPN.DE.
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Drawdown Indicators
| SPY4.DE | VJPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.71% | -28.35% | -14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -9.71% | +3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -16.02% | -13.09% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -18.85% | -10.26% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -3.38% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -5.79% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.98% | -0.95% |
Volatility
SPY4.DE vs. VJPN.DE - Volatility Comparison
The current volatility for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) is 4.17%, while Vanguard FTSE Japan UCITS ETF Distributing (VJPN.DE) has a volatility of 6.75%. This indicates that SPY4.DE experiences smaller price fluctuations and is considered to be less risky than VJPN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY4.DE | VJPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 6.75% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.90% | 15.81% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 19.17% | -4.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.32% | 16.41% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 16.91% | +2.57% |
SPY4.DE vs. VJPN.DE - Expense Ratio Comparison
SPY4.DE has a 0.30% expense ratio, which is higher than VJPN.DE's 0.15% expense ratio.
Dividends
SPY4.DE vs. VJPN.DE - Dividend Comparison
SPY4.DE has not paid dividends to shareholders, while VJPN.DE's dividend yield for the trailing twelve months is around 1.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VJPN.DE Vanguard FTSE Japan UCITS ETF Distributing | 1.71% | 1.91% | 1.93% | 1.91% | 2.22% | 1.66% | 1.62% | 1.80% | 1.94% | 0.59% |
Frequently Asked Questions
SPY4.DE and VJPN.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VJPN.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VJPN.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for SPY4.DE.
SPY4.DE is categorized as Mid Cap Blend Equities, while VJPN.DE is Japan Equities. SPY4.DE tracks S&P MidCap 400, while VJPN.DE tracks TOPIX TR JPY. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.30% for SPY4.DE and 0.15% for VJPN.DE.
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