SPYL.DE vs. VGK
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and VGK (Vanguard FTSE Europe ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while VGK is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 19.55% for VGK. At a 0.31 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.06%/yr for VGK.
Performance
SPYL.DE vs. VGK - Performance Comparison
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Different Trading Currencies
SPYL.DE is traded in EUR, while VGK is traded in USD. To make them comparable, the VGK values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly higher than VGK's 9.35% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGK
- 1D
- 0.26%
- 1M
- 3.37%
- YTD
- 9.35%
- 6M
- 11.54%
- 1Y
- 19.55%
- 3Y*
- 14.01%
- 5Y*
- 9.49%
- 10Y*
- 9.92%
SPYL.DE vs. VGK - 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% |
VGK Vanguard FTSE Europe ETF | 9.35% | 19.71% | 8.60% | 10.87% |
Correlation
The correlation between SPYL.DE and VGK is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.31 |
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Return for Risk
SPYL.DE vs. VGK — Risk / Return Rank
SPYL.DE
VGK
SPYL.DE vs. VGK - 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 FTSE Europe ETF (VGK). 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 | VGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 1.77 | +1.81 |
| Martin ratioReturn relative to average drawdown | 12.72 | 7.25 | +5.48 |
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Drawdowns
SPYL.DE vs. VGK - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum VGK drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and VGK.
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Drawdown Indicators
| SPYL.DE | VGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -58.19% | +34.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -10.30% | +3.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.21% | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -11.74% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.53% | -0.52% |
Volatility
SPYL.DE vs. VGK - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while Vanguard FTSE Europe ETF (VGK) has a volatility of 4.85%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than VGK 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 | VGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.85% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 11.55% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 13.73% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 14.96% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 17.22% | -2.62% |
SPYL.DE vs. VGK - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than VGK's 0.06% 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. VGK - Dividend Comparison
SPYL.DE has not paid dividends to shareholders, while VGK's dividend yield for the trailing twelve months is around 2.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VGK Vanguard FTSE Europe ETF | 2.76% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
Frequently Asked Questions
SPYL.DE and VGK have a correlation of 0.38, 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 0.06% for VGK.
SPYL.DE is categorized as S&P 500, while VGK is Europe Equities. SPYL.DE tracks S&P 500 Index, while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.03% for SPYL.DE and 0.06% for VGK.
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