SPYL.DE vs. VWCG.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 19.41% for VWCG.DE. A 0.55 correlation means they provide meaningful diversification when combined. SPYL.DE charges 0.03%/yr vs 0.10%/yr for VWCG.DE.
Performance
SPYL.DE vs. VWCG.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 VWCG.DE's 8.96% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCG.DE
- 1D
- 1.89%
- 1M
- 3.14%
- YTD
- 8.96%
- 6M
- 11.76%
- 1Y
- 19.41%
- 3Y*
- 14.33%
- 5Y*
- 10.01%
- 10Y*
- —
SPYL.DE vs. VWCG.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% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 8.96% | 20.44% | 8.96% | 10.75% |
Correlation
The correlation between SPYL.DE and VWCG.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.55 |
The correlation between SPYL.DE and VWCG.DE has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. VWCG.DE — Risk / Return Rank
SPYL.DE
VWCG.DE
SPYL.DE vs. VWCG.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 Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.26 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 1.91 | +1.66 |
| Martin ratioReturn relative to average drawdown | 12.72 | 7.33 | +5.40 |
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Drawdowns
SPYL.DE vs. VWCG.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum VWCG.DE drawdown of -35.70%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and VWCG.DE.
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Drawdown Indicators
| SPYL.DE | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -35.70% | +12.43% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -9.58% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.07% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.09% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.03% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -4.98% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.51% | -0.50% |
Volatility
SPYL.DE vs. VWCG.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 Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) has a volatility of 4.24%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 4.24% | -1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 10.80% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 13.05% | -1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 14.31% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 16.85% | -2.25% |
SPYL.DE vs. VWCG.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than VWCG.DE's 0.10% 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. VWCG.DE - Dividend Comparison
Neither SPYL.DE nor VWCG.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and VWCG.DE have a correlation of 0.60, 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 0.10% for VWCG.DE.
SPYL.DE is categorized as S&P 500, while VWCG.DE is Europe Equities. SPYL.DE tracks S&P 500 Index, while VWCG.DE tracks FTSE Developed Europe. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.03% for SPYL.DE and 0.10% for VWCG.DE.
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