VAGY.DE vs. SPSB

Last updated Jun 5, 2026

VAGY.DE (Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating) and SPSB (SPDR Portfolio Short Term Corporate Bond ETF) are both Corporate Bonds funds - VAGY.DE tracks the Bloomberg Global Aggregate Corporate USD 1-3 while SPSB tracks the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. Both are passively managed. Over the past 3 years, VAGY.DE returned 2.52%/yr vs 2.53%/yr for SPSB. A 0.80 correlation means they provide meaningful diversification when combined. VAGY.DE charges 0.09%/yr vs 0.07%/yr for SPSB.

Performance

VAGY.DE vs. SPSB - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VAGY.DE is traded in EUR, while SPSB is traded in USD. To make them comparable, the SPSB values have been converted to EUR using the latest available exchange rates.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with VAGY.DE at 2.12% and SPSB at 2.12%.

VAGY.DE

• 1D: -0.00%
• 1M: 0.97%
• YTD: 2.12%
• 6M: 1.62%
• 1Y: 2.54%
• 3Y*: 2.52%
• 5Y*: —
• 10Y*: —

SPSB

• 1D: -0.01%
• 1M: 1.00%
• YTD: 2.12%
• 6M: 1.65%
• 1Y: 2.54%
• 3Y*: 2.53%
• 5Y*: 3.67%
• 10Y*: 2.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VAGY.DE vs. SPSB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating	2.12%	-5.79%	11.38%	0.78%
SPSB SPDR Portfolio Short Term Corporate Bond ETF	2.12%	-6.70%	12.20%	1.04%

Correlation

The correlation between VAGY.DE and SPSB is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023	0.80

The correlation between VAGY.DE and SPSB has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.

Return for Risk

VAGY.DE vs. SPSB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VAGY.DE

VAGY.DE Risk / Return Rank: 17
VAGY.DE Sharpe Ratio Rank: 16
VAGY.DE Sortino Ratio Rank: 15
VAGY.DE Omega Ratio Rank: 15
VAGY.DE Calmar Ratio Rank: 19
VAGY.DE Martin Ratio Rank: 18

SPSB

SPSB Risk / Return Rank: 92
SPSB Sharpe Ratio Rank: 92
SPSB Sortino Ratio Rank: 96
SPSB Omega Ratio Rank: 95
SPSB Calmar Ratio Rank: 87
SPSB Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VAGY.DE vs. SPSB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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.

	VAGY.DE	SPSB	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.45	+0.01
Sortino ratio: Return per unit of downside risk	0.69	0.67	+0.02
Omega ratio: Gain probability vs. loss probability	1.08	1.08	0.00
Calmar ratio: Return relative to maximum drawdown	0.79	0.71	+0.07
Martin ratio: Return relative to average drawdown	1.82	1.84	-0.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAGY.DE vs. SPSB - Sharpe Ratio Comparison

The current VAGY.DE Sharpe Ratio is 0.46, which is comparable to the SPSB Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of VAGY.DE and SPSB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VAGY.DE	SPSB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.45	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.43	-0.06

Drawdowns

VAGY.DE vs. SPSB - Drawdown Comparison

The maximum VAGY.DE drawdown since its inception was -10.58%, smaller than the maximum SPSB drawdown of -16.94%. Use the drawdown chart below to compare losses from any high point for VAGY.DE and SPSB.

Drawdown Indicators

	VAGY.DE	SPSB	Difference
Max Drawdown Largest peak-to-trough decline	-10.58%	-16.94%	+6.36%
Max Drawdown (1Y) Largest decline over 1 year	-3.20%	-3.58%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	-10.58%	-10.56%	-0.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.78%	—
Current Drawdown Current decline from peak	-5.93%	-5.67%	-0.26%
Average Drawdown Average peak-to-trough decline	-3.66%	-5.70%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.39%	1.39%	0.00%

Volatility

VAGY.DE vs. SPSB - Volatility Comparison

Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating (VAGY.DE) has a higher volatility of 1.09% compared to SPDR Portfolio Short Term Corporate Bond ETF (SPSB) at 1.03%. This indicates that VAGY.DE's price experiences larger fluctuations and is considered to be riskier than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAGY.DE	SPSB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.09%	1.03%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	3.74%	4.01%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	5.56%	5.73%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.46%	7.20%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.46%	7.38%	-0.92%

VAGY.DE vs. SPSB - Expense Ratio Comparison

VAGY.DE has a 0.09% expense ratio, which is higher than SPSB's 0.07% 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

VAGY.DE vs. SPSB - Dividend Comparison

VAGY.DE has not paid dividends to shareholders, while SPSB's dividend yield for the trailing twelve months is around 4.40%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPSB SPDR Portfolio Short Term Corporate Bond ETF	4.40%	4.55%	4.85%	4.05%	1.92%	1.19%	1.94%	2.77%	2.36%	1.94%	1.65%	1.43%
VAGY.DE Vanguard USD Corporate 1-3 Year Bond UCITS ETF Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAGY.DE and SPSB in my portfolio?

VAGY.DE and SPSB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAGY.DE or SPSB?

On fees, SPSB is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VAGY.DE or SPSB?

SPSB is cheaper with a 0.07% expense ratio, compared with 0.09% for VAGY.DE.

What is the main difference between VAGY.DE and SPSB?

VAGY.DE tracks Bloomberg Global Aggregate Corporate USD 1-3, while SPSB tracks Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.09% for VAGY.DE and 0.07% for SPSB.