SPY5.L vs. VGEK.DE
SPY5.L (State Street SPDR S&P 500 UCITS ETF (Dist)) and VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) are both exchange-traded funds - SPY5.L is a S&P 500 fund tracking the S&P 500 Index, while VGEK.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan. Both are passively managed. Over the past 5 years, SPY5.L returned 13.00%/yr vs 10.56%/yr for VGEK.DE. A 0.67 correlation means they provide meaningful diversification when combined. SPY5.L charges 0.03%/yr vs 0.15%/yr for VGEK.DE.
Performance
SPY5.L vs. VGEK.DE - Performance Comparison
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Different Trading Currencies
SPY5.L is traded in USD, while VGEK.DE is traded in EUR. To make them comparable, the VGEK.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY5.L achieves a 10.25% return, which is significantly lower than VGEK.DE's 35.38% return.
SPY5.L
- 1D
- 0.21%
- 1M
- 0.08%
- 6M
- 9.84%
- YTD
- 10.25%
- 1Y
- 21.81%
- 3Y*
- 20.01%
- 5Y*
- 13.00%
- 10Y*
- 14.69%
VGEK.DE
- 1D
- -1.48%
- 1M
- -10.26%
- 6M
- 29.10%
- YTD
- 35.38%
- 1Y
- 58.17%
- 3Y*
- 22.85%
- 5Y*
- 10.56%
- 10Y*
- —
SPY5.L vs. VGEK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist) | 10.25% | 17.43% | 25.36% | 26.64% | -18.68% | 29.28% | 17.52% | 8.10% |
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 35.38% | 41.13% | -4.77% | 9.81% | -12.48% | 0.76% | 18.82% | -2.81% |
Correlation
The correlation between SPY5.L and VGEK.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.67 |
The correlation between SPY5.L and VGEK.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
SPY5.L vs. VGEK.DE — Risk / Return Rank
SPY5.L
VGEK.DE
SPY5.L vs. VGEK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L) and Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.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.
| SPY5.L | VGEK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.38 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 3.91 | -1.25 |
| Martin ratioReturn relative to average drawdown | 10.77 | 12.36 | -1.59 |
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Drawdowns
SPY5.L vs. VGEK.DE - Drawdown Comparison
The maximum SPY5.L drawdown since its inception was -33.89%, smaller than the maximum VGEK.DE drawdown of -38.71%. Use the drawdown chart below to compare losses from any high point for SPY5.L and VGEK.DE.
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Drawdown Indicators
| SPY5.L | VGEK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -38.71% | +4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -14.82% | +6.64% |
Max Drawdown (3Y)Largest decline over 3 years | -18.36% | -21.22% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -30.12% | +5.75% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -12.84% | +12.23% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -11.02% | +7.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 4.69% | -2.67% |
Volatility
SPY5.L vs. VGEK.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L) is 2.85%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a volatility of 12.96%. This indicates that SPY5.L experiences smaller price fluctuations and is considered to be less risky than VGEK.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY5.L | VGEK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 12.96% | -10.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 24.74% | -15.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.03% | 26.79% | -14.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 20.00% | -4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 22.18% | -5.98% |
SPY5.L vs. VGEK.DE - Expense Ratio Comparison
SPY5.L has a 0.03% expense ratio, which is lower than VGEK.DE's 0.15% 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%.
Dividends
SPY5.L vs. VGEK.DE - Dividend Comparison
SPY5.L's dividend yield for the trailing twelve months is around 0.91%, while VGEK.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist) | 0.91% | 0.97% | 1.06% | 1.19% | 1.40% | 0.99% | 1.28% | 1.44% | 0.40% | 1.14% | 1.64% | 1.73% |
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPY5.L and VGEK.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.L is cheaper with a 0.03% expense ratio, compared with 0.15% for VGEK.DE.
SPY5.L is categorized as S&P 500, while VGEK.DE is Asia Pacific Equities. SPY5.L tracks S&P 500 Index, while VGEK.DE tracks FTSE Developed Asia Pacific ex Japan. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.03% for SPY5.L and 0.15% for VGEK.DE.
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