SPYU.DE vs. VEUR.MI
SPYU.DE (SPDR MSCI Europe Utilities UCITS ETF) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both exchange-traded funds - SPYU.DE is a Utilities Equities fund tracking the MSCI Europe Utilities 20/35 Capped, while VEUR.MI is a Europe Equities fund tracking the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, SPYU.DE returned 12.05%/yr vs 10.43%/yr for VEUR.MI. A 0.53 correlation means they provide meaningful diversification when combined. SPYU.DE charges 0.18%/yr vs 0.10%/yr for VEUR.MI.
Performance
SPYU.DE vs. VEUR.MI - Performance Comparison
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Returns By Period
In the year-to-date period, SPYU.DE achieves a 15.06% return, which is significantly higher than VEUR.MI's 9.59% return.
SPYU.DE
- 1D
- 0.29%
- 1M
- -0.12%
- YTD
- 15.06%
- 6M
- 15.66%
- 1Y
- 27.66%
- 3Y*
- 16.66%
- 5Y*
- 12.05%
- 10Y*
- 10.68%
VEUR.MI
- 1D
- 0.00%
- 1M
- 3.16%
- YTD
- 9.59%
- 6M
- 10.59%
- 1Y
- 22.12%
- 3Y*
- 14.93%
- 5Y*
- 10.43%
- 10Y*
- —
SPYU.DE vs. VEUR.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 15.06% | 34.39% | 0.99% | 13.57% | -7.97% | 8.80% | 11.01% | 24.60% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 9.59% | 20.77% | 9.08% | 16.29% | -10.23% | 25.16% | -2.48% | 19.57% |
Correlation
The correlation between SPYU.DE and VEUR.MI 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 (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.53 |
The correlation between SPYU.DE and VEUR.MI shifts across timeframes, from 0.38 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYU.DE vs. VEUR.MI — Risk / Return Rank
SPYU.DE
VEUR.MI
SPYU.DE vs. VEUR.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI). 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.
| SPYU.DE | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 2.35 | +1.44 |
| Martin ratioReturn relative to average drawdown | 10.22 | 8.94 | +1.28 |
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Drawdowns
SPYU.DE vs. VEUR.MI - Drawdown Comparison
The maximum SPYU.DE drawdown since its inception was -32.98%, smaller than the maximum VEUR.MI drawdown of -35.22%. Use the drawdown chart below to compare losses from any high point for SPYU.DE and VEUR.MI.
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Drawdown Indicators
| SPYU.DE | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.98% | -35.22% | +2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.43% | -9.58% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -13.44% | -16.36% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.28% | -20.33% | -1.95% |
Max Drawdown (10Y)Largest decline over 10 years | -32.98% | — | — |
Current DrawdownCurrent decline from peak | -3.55% | -0.33% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -4.72% | -2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.51% | +0.25% |
Volatility
SPYU.DE vs. VEUR.MI - Volatility Comparison
SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) have volatilities of 3.35% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYU.DE | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 3.49% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 10.76% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.98% | 12.94% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 14.51% | +1.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 16.42% | +0.71% |
SPYU.DE vs. VEUR.MI - Expense Ratio Comparison
SPYU.DE has a 0.18% expense ratio, which is higher than VEUR.MI's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYU.DE vs. VEUR.MI - Dividend Comparison
SPYU.DE has not paid dividends to shareholders, while VEUR.MI's dividend yield for the trailing twelve months is around 2.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
SPYU.DE SPDR MSCI Europe Utilities UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.62% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
Frequently Asked Questions
SPYU.DE and VEUR.MI 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, VEUR.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.MI is cheaper with a 0.10% expense ratio, compared with 0.18% for SPYU.DE.
SPYU.DE is categorized as Utilities Equities, while VEUR.MI is Europe Equities. SPYU.DE tracks MSCI Europe Utilities 20/35 Capped, while VEUR.MI tracks FTSE Developed Europe Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.18% for SPYU.DE and 0.10% for VEUR.MI.
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