SPYL.DE vs. VJPA.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and VJPA.DE (Vanguard FTSE Japan UCITS ETF Accumulating) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while VJPA.DE is a Japan Equities fund tracking the FTSE Japan. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 31.52% for VJPA.DE. A 0.51 correlation means they provide meaningful diversification when combined. SPYL.DE charges 0.03%/yr vs 0.15%/yr for VJPA.DE.
Performance
SPYL.DE vs. VJPA.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 lower than VJPA.DE's 15.84% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VJPA.DE
- 1D
- 2.35%
- 1M
- 1.03%
- YTD
- 15.84%
- 6M
- 16.53%
- 1Y
- 31.52%
- 3Y*
- 14.11%
- 5Y*
- 9.76%
- 10Y*
- —
SPYL.DE vs. VJPA.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% |
VJPA.DE Vanguard FTSE Japan UCITS ETF Accumulating | 15.84% | 13.28% | 13.06% | 5.74% |
Correlation
The correlation between SPYL.DE and VJPA.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.51 |
The correlation between SPYL.DE and VJPA.DE has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. VJPA.DE — Risk / Return Rank
SPYL.DE
VJPA.DE
SPYL.DE vs. VJPA.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 FTSE Japan UCITS ETF Accumulating (VJPA.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 | VJPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.15 | +0.42 |
| Martin ratioReturn relative to average drawdown | 12.72 | 10.55 | +2.17 |
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Drawdowns
SPYL.DE vs. VJPA.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum VJPA.DE drawdown of -30.84%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and VJPA.DE.
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Drawdown Indicators
| SPYL.DE | VJPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -30.84% | +7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -9.84% | +2.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.90% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.87% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -6.55% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.95% | -0.94% |
Volatility
SPYL.DE vs. VJPA.DE - 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 Japan UCITS ETF Accumulating (VJPA.DE) has a volatility of 4.21%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than VJPA.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 | VJPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.21% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 14.88% | -7.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 18.39% | -6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 16.24% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 17.89% | -3.29% |
SPYL.DE vs. VJPA.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than VJPA.DE's 0.15% 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. VJPA.DE - Dividend Comparison
Neither SPYL.DE nor VJPA.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and VJPA.DE have a correlation of 0.49, 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 0.15% for VJPA.DE.
SPYL.DE is categorized as S&P 500, while VJPA.DE is Japan Equities. SPYL.DE tracks S&P 500 Index, while VJPA.DE tracks FTSE Japan. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.03% for SPYL.DE and 0.15% for VJPA.DE.
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