VAGF.DE vs. SPYI.DE
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 5 years, VAGF.DE returned -1.75%/yr vs 11.62%/yr for SPYI.DE. At a 0.02 correlation, their price movements are largely independent. VAGF.DE charges 0.10%/yr vs 0.17%/yr for SPYI.DE.
Performance
VAGF.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGF.DE achieves a -0.46% return, which is significantly lower than SPYI.DE's 12.53% return.
VAGF.DE
- 1D
- 0.47%
- 1M
- 0.64%
- YTD
- -0.46%
- 6M
- -0.42%
- 1Y
- 1.28%
- 3Y*
- 2.14%
- 5Y*
- -1.75%
- 10Y*
- —
SPYI.DE
- 1D
- 1.91%
- 1M
- 2.37%
- YTD
- 12.53%
- 6M
- 14.24%
- 1Y
- 27.76%
- 3Y*
- 16.73%
- 5Y*
- 11.62%
- 10Y*
- 12.27%
VAGF.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 3.03% | 0.83% | 4.52% | -14.84% | -2.98% | 5.07% | 1.00% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.53% | 9.07% | 22.98% | 17.54% | -12.93% | 27.77% | 5.37% | 12.50% |
Correlation
The correlation between VAGF.DE and SPYI.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.02 |
The correlation between VAGF.DE and SPYI.DE shifts across timeframes, from 0.02 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VAGF.DE vs. SPYI.DE — Risk / Return Rank
VAGF.DE
SPYI.DE
VAGF.DE vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| VAGF.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.43 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 4.20 | -3.85 |
| Martin ratioReturn relative to average drawdown | 0.86 | 16.67 | -15.82 |
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Drawdowns
VAGF.DE vs. SPYI.DE - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.56%, smaller than the maximum SPYI.DE drawdown of -41.58%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and SPYI.DE.
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Drawdown Indicators
| VAGF.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -41.58% | +22.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -6.45% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -21.64% | +17.21% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -21.64% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.49% | — |
Current DrawdownCurrent decline from peak | -10.70% | -1.23% | -9.47% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -8.43% | -0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.63% | -0.49% |
Volatility
VAGF.DE vs. SPYI.DE - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) is 1.56%, while SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a volatility of 3.48%. This indicates that VAGF.DE experiences smaller price fluctuations and is considered to be less risky than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGF.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 3.48% | -1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 8.52% | -4.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 11.75% | -6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 13.96% | -8.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 15.96% | -11.04% |
VAGF.DE vs. SPYI.DE - Expense Ratio Comparison
VAGF.DE has a 0.10% expense ratio, which is lower than SPYI.DE's 0.17% 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
VAGF.DE vs. SPYI.DE - Dividend Comparison
Neither VAGF.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
VAGF.DE and SPYI.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.17% for SPYI.DE.
VAGF.DE is categorized as Global Bonds, while SPYI.DE is Global Equities. VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.10% for VAGF.DE and 0.17% for SPYI.DE.
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