SPYF.DE vs. VJPU.L

Last updated Jun 5, 2026

SPYF.DE (SPDR FTSE UK All Share UCITS ETF) and VJPU.L (Vanguard FTSE Japan UCITS ETF USD Hedged Acc) are both exchange-traded funds - SPYF.DE is a Europe Equities fund tracking the FTSE All-Share, while VJPU.L is a Japan Equities fund tracking the FTSE Japan (USD Hedged). Both are passively managed. Over the past 5 years, SPYF.DE returned 10.06%/yr vs 22.51%/yr for VJPU.L. A 0.50 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

SPYF.DE vs. VJPU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR FTSE UK All Share UCITS ETF (SPYF.DE) and Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SPYF.DE achieves a 6.71% return, which is significantly lower than VJPU.L's 20.63% return.

SPYF.DE

• 1D: 0.16%
• 1M: -0.06%
• YTD: 6.71%
• 6M: 9.71%
• 1Y: 17.02%
• 3Y*: 13.97%
• 5Y*: 10.06%
• 10Y*: 7.48%

VJPU.L

• 1D: -0.32%
• 1M: 6.01%
• YTD: 20.63%
• 6M: 21.54%
• 1Y: 50.65%
• 3Y*: 25.13%
• 5Y*: 22.51%
• 10Y*: —

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

SPYF.DE vs. VJPU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SPYF.DE SPDR FTSE UK All Share UCITS ETF	6.71%	17.92%	13.59%	10.43%	-5.65%	24.46%	-11.24%
VJPU.L Vanguard FTSE Japan UCITS ETF USD Hedged Acc	20.63%	15.90%	31.98%	31.60%	3.72%	20.61%	1.37%

Correlation

The correlation between SPYF.DE and VJPU.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Feb 3, 2020	0.50

The correlation between SPYF.DE and VJPU.L has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

Return for Risk

SPYF.DE vs. VJPU.L — Risk / Return Rank

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

SPYF.DE

SPYF.DE Risk / Return Rank: 43
SPYF.DE Sharpe Ratio Rank: 41
SPYF.DE Sortino Ratio Rank: 41
SPYF.DE Omega Ratio Rank: 41
SPYF.DE Calmar Ratio Rank: 46
SPYF.DE Martin Ratio Rank: 48

VJPU.L

VJPU.L Risk / Return Rank: 89
VJPU.L Sharpe Ratio Rank: 89
VJPU.L Sortino Ratio Rank: 89
VJPU.L Omega Ratio Rank: 87
VJPU.L Calmar Ratio Rank: 91
VJPU.L Martin Ratio Rank: 90

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.

SPYF.DE vs. VJPU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (SPYF.DE) and Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L). 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.

	SPYF.DE	VJPU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.43	2.61	-1.18
Sortino ratio: Return per unit of downside risk	2.05	3.56	-1.51
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	2.24	6.64	-4.40
Martin ratio: Return relative to average drawdown	7.97	22.31	-14.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYF.DE vs. VJPU.L - Sharpe Ratio Comparison

The current SPYF.DE Sharpe Ratio is 1.43, which is lower than the VJPU.L Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of SPYF.DE and VJPU.L, 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

	SPYF.DE	VJPU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.61	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	1.17	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.95	-0.49

Drawdowns

SPYF.DE vs. VJPU.L - Drawdown Comparison

The maximum SPYF.DE drawdown since its inception was -41.53%, which is greater than VJPU.L's maximum drawdown of -27.55%. Use the drawdown chart below to compare losses from any high point for SPYF.DE and VJPU.L.

Drawdown Indicators

	SPYF.DE	VJPU.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.53%	-27.55%	-13.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.60%	-7.59%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-17.17%	-22.31%	+5.14%
Max Drawdown (5Y) Largest decline over 5 years	-17.17%	-22.31%	+5.14%
Max Drawdown (10Y) Largest decline over 10 years	-41.53%	—	—
Current Drawdown Current decline from peak	-2.22%	-0.73%	-1.49%
Average Drawdown Average peak-to-trough decline	-6.06%	-4.59%	-1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.26%	-0.12%

Volatility

SPYF.DE vs. VJPU.L - Volatility Comparison

SPDR FTSE UK All Share UCITS ETF (SPYF.DE) has a higher volatility of 4.30% compared to Vanguard FTSE Japan UCITS ETF USD Hedged Acc (VJPU.L) at 3.46%. This indicates that SPYF.DE's price experiences larger fluctuations and is considered to be riskier than VJPU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYF.DE	VJPU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	3.46%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	14.73%	-4.72%
Volatility (1Y) Calculated over the trailing 1-year period	11.95%	19.33%	-7.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	19.25%	-5.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	20.41%	-3.82%

SPYF.DE vs. VJPU.L - Expense Ratio Comparison

Both SPYF.DE and VJPU.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SPYF.DE vs. VJPU.L - Dividend Comparison

Neither SPYF.DE nor VJPU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPYF.DE and VJPU.L in my portfolio?

SPYF.DE and VJPU.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYF.DE or VJPU.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYF.DE or VJPU.L?

SPYF.DE and VJPU.L have the same expense ratio: 0.20% per year.

What is the main difference between SPYF.DE and VJPU.L?

SPYF.DE is categorized as Europe Equities, while VJPU.L is Japan Equities. SPYF.DE tracks FTSE All-Share, while VJPU.L tracks FTSE Japan (USD Hedged). They also come from different issuers: State Street and Vanguard.