SPYL.DE vs. VDIV.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past year, SPYL.DE returned 26.03% vs 28.67% for VDIV.DE. At a 0.34 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.38%/yr for VDIV.DE.
Performance
SPYL.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.91% return, which is significantly higher than VDIV.DE's 10.63% return.
SPYL.DE
- 1D
- 0.00%
- 1M
- 1.20%
- YTD
- 11.91%
- 6M
- 12.23%
- 1Y
- 26.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VDIV.DE
- 1D
- 0.25%
- 1M
- -0.40%
- YTD
- 10.63%
- 6M
- 10.86%
- 1Y
- 28.67%
- 3Y*
- 20.75%
- 5Y*
- 17.69%
- 10Y*
- —
SPYL.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.91% | 4.71% | 32.33% | 8.23% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 10.63% | 24.58% | 15.66% | 8.66% |
Correlation
The correlation between SPYL.DE and VDIV.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.34 |
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Return for Risk
SPYL.DE vs. VDIV.DE — Risk / Return Rank
SPYL.DE
VDIV.DE
SPYL.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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.
| SPYL.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.57 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 7.75 | -4.09 |
| Martin ratioReturn relative to average drawdown | 12.91 | 23.02 | -10.11 |
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Drawdowns
SPYL.DE vs. VDIV.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum VDIV.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and VDIV.DE.
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Drawdown Indicators
| SPYL.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -36.13% | +12.86% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -3.68% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.13% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.64% | +1.64% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -4.20% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.24% | +0.78% |
Volatility
SPYL.DE vs. VDIV.DE - Volatility Comparison
State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a higher volatility of 3.21% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.32%. This indicates that SPYL.DE's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.32% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 7.08% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.91% | 9.49% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 11.94% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 15.33% | -0.31% |
SPYL.DE vs. VDIV.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.
Dividends
SPYL.DE vs. VDIV.DE - Dividend Comparison
SPYL.DE has not paid dividends to shareholders, while VDIV.DE's dividend yield for the trailing twelve months is around 3.17%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.17% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
SPYL.DE and VDIV.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.38% for VDIV.DE.
SPYL.DE is categorized as S&P 500, while VDIV.DE is Global Equities. SPYL.DE tracks S&P 500 Index, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.03% for SPYL.DE and 0.38% for VDIV.DE.
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