SPYL.DE vs. VHVE.L
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and VHVE.L (Vanguard FTSE Developed World UCITS ETF USD Acc) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while VHVE.L is a Global Equities fund tracking the FTSE Developed. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 26.48% for VHVE.L. Their correlation of 0.85 suggests significant overlap in exposure. SPYL.DE charges 0.03%/yr vs 0.12%/yr for VHVE.L.
Performance
SPYL.DE vs. VHVE.L - Performance Comparison
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Different Trading Currencies
SPYL.DE is traded in EUR, while VHVE.L is traded in USD. To make them comparable, the VHVE.L 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 lower than VHVE.L's 12.86% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VHVE.L
- 1D
- -0.21%
- 1M
- 5.17%
- YTD
- 12.86%
- 6M
- 13.29%
- 1Y
- 26.48%
- 3Y*
- 18.29%
- 5Y*
- 13.15%
- 10Y*
- —
SPYL.DE vs. VHVE.L - 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% |
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc | 12.86% | 7.68% | 25.72% | 9.86% |
Correlation
The correlation between SPYL.DE and VHVE.L is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.85 |
The correlation between SPYL.DE and VHVE.L has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. VHVE.L — Risk / Return Rank
SPYL.DE
VHVE.L
SPYL.DE vs. VHVE.L - 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 Developed World UCITS ETF USD Acc (VHVE.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.
| SPYL.DE | VHVE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 4.32 | -0.74 |
| Martin ratioReturn relative to average drawdown | 12.72 | 16.86 | -4.14 |
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
| SPYL.DE | VHVE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.15 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.81 | +0.73 |
Drawdowns
SPYL.DE vs. VHVE.L - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum VHVE.L drawdown of -33.06%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and VHVE.L.
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Drawdown Indicators
| SPYL.DE | VHVE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -33.06% | +9.79% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.11% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.20% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.20% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.52% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -4.69% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.57% | +0.44% |
Volatility
SPYL.DE vs. VHVE.L - 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 Developed World UCITS ETF USD Acc (VHVE.L) has a volatility of 3.26%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than VHVE.L 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 | VHVE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.26% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 9.13% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 12.25% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.89% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 17.00% | -2.39% |
SPYL.DE vs. VHVE.L - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than VHVE.L's 0.12% 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. VHVE.L - Dividend Comparison
Neither SPYL.DE nor VHVE.L has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and VHVE.L have a correlation of 0.87, 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 0.12% for VHVE.L.
SPYL.DE is categorized as S&P 500, while VHVE.L is Global Equities. SPYL.DE tracks S&P 500 Index, while VHVE.L tracks FTSE Developed. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.03% for SPYL.DE and 0.12% for VHVE.L.
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