SPYL.DE vs. VJPN.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and VJPN.DE (Vanguard FTSE Japan UCITS ETF Distributing) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while VJPN.DE is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 31.49% for VJPN.DE. A 0.51 correlation means they provide meaningful diversification when combined. SPYL.DE charges 0.03%/yr vs 0.15%/yr for VJPN.DE.
Performance
SPYL.DE vs. VJPN.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 VJPN.DE's 15.87% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VJPN.DE
- 1D
- 2.24%
- 1M
- 0.92%
- YTD
- 15.87%
- 6M
- 16.47%
- 1Y
- 31.49%
- 3Y*
- 14.11%
- 5Y*
- 9.76%
- 10Y*
- —
SPYL.DE vs. VJPN.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% |
VJPN.DE Vanguard FTSE Japan UCITS ETF Distributing | 15.87% | 13.29% | 13.05% | 5.65% |
Correlation
The correlation between SPYL.DE and VJPN.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.51 |
The correlation between SPYL.DE and VJPN.DE has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. VJPN.DE — Risk / Return Rank
SPYL.DE
VJPN.DE
SPYL.DE vs. VJPN.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 Distributing (VJPN.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 | VJPN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.19 | +0.38 |
| Martin ratioReturn relative to average drawdown | 12.72 | 10.64 | +2.08 |
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Drawdowns
SPYL.DE vs. VJPN.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum VJPN.DE drawdown of -28.35%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and VJPN.DE.
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Drawdown Indicators
| SPYL.DE | VJPN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -28.35% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -9.71% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.85% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.90% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -5.83% | +2.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.92% | -0.91% |
Volatility
SPYL.DE vs. VJPN.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 Distributing (VJPN.DE) has a volatility of 4.29%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than VJPN.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 | VJPN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.29% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 14.84% | -7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 18.36% | -6.84% |
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% | 16.85% | -2.25% |
SPYL.DE vs. VJPN.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than VJPN.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. VJPN.DE - Dividend Comparison
SPYL.DE has not paid dividends to shareholders, while VJPN.DE's dividend yield for the trailing twelve months is around 1.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VJPN.DE Vanguard FTSE Japan UCITS ETF Distributing | 1.67% | 1.91% | 1.93% | 1.91% | 2.22% | 1.66% | 1.62% | 1.80% | 1.94% | 0.59% |
Frequently Asked Questions
SPYL.DE and VJPN.DE have a correlation of 0.50, 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 VJPN.DE.
SPYL.DE is categorized as S&P 500, while VJPN.DE is Japan Equities. SPYL.DE tracks S&P 500 Index, while VJPN.DE tracks TOPIX TR JPY. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.03% for SPYL.DE and 0.15% for VJPN.DE.
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