SPY5.L vs. VNRA.DE
SPY5.L (State Street SPDR S&P 500 UCITS ETF) and VNRA.DE (Vanguard FTSE North America UCITS ETF (USD) Accumulating) are both exchange-traded funds - SPY5.L is a S&P 500 fund tracking the S&P 500, while VNRA.DE is a Large Cap Blend Equities fund tracking the FTSE North America. Both are passively managed. Over the past 5 years, SPY5.L returned 13.71%/yr vs 13.32%/yr for VNRA.DE. Their correlation of 0.92 suggests significant overlap in exposure. SPY5.L charges 0.09%/yr vs 0.10%/yr for VNRA.DE.
Performance
SPY5.L vs. VNRA.DE - Performance Comparison
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Different Trading Currencies
SPY5.L is traded in USD, while VNRA.DE is traded in EUR. To make them comparable, the VNRA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SPY5.L having a 10.31% return and VNRA.DE slightly lower at 9.87%.
SPY5.L
- 1D
- 0.01%
- 1M
- 4.49%
- YTD
- 10.31%
- 6M
- 11.16%
- 1Y
- 27.83%
- 3Y*
- 22.16%
- 5Y*
- 13.71%
- 10Y*
- 15.36%
VNRA.DE
- 1D
- 0.10%
- 1M
- 4.63%
- YTD
- 9.87%
- 6M
- 10.92%
- 1Y
- 27.41%
- 3Y*
- 22.39%
- 5Y*
- 13.32%
- 10Y*
- —
SPY5.L vs. VNRA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPY5.L State Street SPDR S&P 500 UCITS ETF | 10.31% | 17.43% | 25.36% | 26.64% | -18.68% | 29.28% | 17.52% | 7.81% |
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating | 9.87% | 19.00% | 24.66% | 26.52% | -19.81% | 27.66% | 20.41% | 8.53% |
Correlation
The correlation between SPY5.L and VNRA.DE is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.92 |
The correlation between SPY5.L and VNRA.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
SPY5.L vs. VNRA.DE — Risk / Return Rank
SPY5.L
VNRA.DE
SPY5.L vs. VNRA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF (SPY5.L) and Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.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.
| SPY5.L | VNRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 3.16 | +0.22 |
| Martin ratioReturn relative to average drawdown | 14.64 | 13.30 | +1.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPY5.L | VNRA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 2.37 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.82 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.88 | +0.07 |
Drawdowns
SPY5.L vs. VNRA.DE - Drawdown Comparison
The maximum SPY5.L drawdown since its inception was -33.89%, roughly equal to the maximum VNRA.DE drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for SPY5.L and VNRA.DE.
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Drawdown Indicators
| SPY5.L | VNRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -34.95% | +1.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -8.63% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -19.46% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -25.08% | +0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -0.51% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -5.42% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.06% | -0.16% |
Volatility
SPY5.L vs. VNRA.DE - Volatility Comparison
State Street SPDR S&P 500 UCITS ETF (SPY5.L) has a higher volatility of 3.17% compared to Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.DE) at 2.80%. This indicates that SPY5.L's price experiences larger fluctuations and is considered to be riskier than VNRA.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 | VNRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 2.80% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 8.07% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 11.53% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 15.98% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 18.07% | -1.83% |
SPY5.L vs. VNRA.DE - Expense Ratio Comparison
SPY5.L has a 0.09% expense ratio, which is lower than VNRA.DE's 0.10% 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. VNRA.DE - Dividend Comparison
SPY5.L's dividend yield for the trailing twelve months is around 0.89%, while VNRA.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 | 0.89% | 0.97% | 1.06% | 1.19% | 1.40% | 0.99% | 1.28% | 1.71% | 2.20% | 2.29% | 1.64% | 1.73% |
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% | 0.89% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, SPY5.L and VNRA.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.
On fees, SPY5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.L is cheaper with a 0.09% expense ratio, compared with 0.10% for VNRA.DE.
SPY5.L is categorized as S&P 500, while VNRA.DE is Large Cap Blend Equities. SPY5.L tracks S&P 500, while VNRA.DE tracks FTSE North America. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.09% for SPY5.L and 0.10% for VNRA.DE.
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