SPYL.DE vs. VECA.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while VECA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 2.14% for VECA.DE. At a 0.18 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.09%/yr for VECA.DE.
Performance
SPYL.DE vs. VECA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly higher than VECA.DE's 0.71% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VECA.DE
- 1D
- 0.26%
- 1M
- 0.60%
- YTD
- 0.71%
- 6M
- 1.02%
- 1Y
- 2.14%
- 3Y*
- 4.63%
- 5Y*
- 0.07%
- 10Y*
- —
SPYL.DE vs. VECA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating | 0.71% | 2.98% | 4.39% | 5.21% |
Correlation
The correlation between SPYL.DE and VECA.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.18 |
The correlation between SPYL.DE and VECA.DE shifts across timeframes, from 0.18 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYL.DE vs. VECA.DE — Risk / Return Rank
SPYL.DE
VECA.DE
SPYL.DE vs. VECA.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 Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.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 | VECA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.10 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 0.67 | +2.91 |
| Martin ratioReturn relative to average drawdown | 12.72 | 2.26 | +10.46 |
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Drawdowns
SPYL.DE vs. VECA.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, which is greater than VECA.DE's maximum drawdown of -17.20%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and VECA.DE.
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Drawdown Indicators
| SPYL.DE | VECA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -17.20% | -6.07% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -2.64% | -4.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.20% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.80% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -5.12% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 0.78% | +1.23% |
Volatility
SPYL.DE vs. VECA.DE - Volatility Comparison
State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a higher volatility of 2.66% compared to Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) at 1.18%. This indicates that SPYL.DE's price experiences larger fluctuations and is considered to be riskier than VECA.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 | VECA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 1.18% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 2.80% | +4.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 3.24% | +8.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 4.48% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 4.71% | +9.89% |
SPYL.DE vs. VECA.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than VECA.DE's 0.09% 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
SPYL.DE vs. VECA.DE - Dividend Comparison
Neither SPYL.DE nor VECA.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and VECA.DE have a correlation of 0.32, 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 0.09% for VECA.DE.
SPYL.DE is categorized as S&P 500, while VECA.DE is European Corporate Bonds. SPYL.DE tracks S&P 500 Index, while VECA.DE tracks Bloomberg Euro Corp TR EUR. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.03% for SPYL.DE and 0.09% for VECA.DE.
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