VDPG.L vs. SPYL.DE
VDPG.L (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - VDPG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pac Ex JPN NR USD, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, VDPG.L returned 80.98% vs 28.59% for SPYL.DE. At a 0.49 correlation, their price movements are largely independent. VDPG.L charges 0.15%/yr vs 0.03%/yr for SPYL.DE.
Performance
VDPG.L vs. SPYL.DE - Performance Comparison
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Different Trading Currencies
VDPG.L is traded in GBP, while SPYL.DE is traded in EUR. To make them comparable, the SPYL.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VDPG.L achieves a 47.65% return, which is significantly higher than SPYL.DE's 10.44% return.
VDPG.L
- 1D
- 4.17%
- 1M
- 2.70%
- YTD
- 47.65%
- 6M
- 52.89%
- 1Y
- 80.98%
- 3Y*
- 24.13%
- 5Y*
- 12.82%
- 10Y*
- —
SPYL.DE
- 1D
- -0.07%
- 1M
- 0.70%
- YTD
- 10.44%
- 6M
- 10.99%
- 1Y
- 28.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VDPG.L vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VDPG.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc | 47.65% | 30.58% | -3.06% | 12.88% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 10.44% | 10.16% | 26.56% | 9.17% |
Correlation
The correlation between VDPG.L and SPYL.DE is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.49 |
The correlation between VDPG.L and SPYL.DE has been stable across timeframes, ranging from 0.49 to 0.50 - a consistent structural relationship.
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Return for Risk
VDPG.L vs. SPYL.DE — Risk / Return Rank
VDPG.L
SPYL.DE
VDPG.L vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| VDPG.L | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.47 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 5.87 | 4.07 | +1.79 |
| Martin ratioReturn relative to average drawdown | 20.42 | 14.64 | +5.78 |
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Drawdowns
VDPG.L vs. SPYL.DE - Drawdown Comparison
The maximum VDPG.L drawdown since its inception was -40.69%, which is greater than SPYL.DE's maximum drawdown of -22.01%. Use the drawdown chart below to compare losses from any high point for VDPG.L and SPYL.DE.
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Drawdown Indicators
| VDPG.L | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.69% | -22.01% | -18.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -7.08% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -26.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | — | — |
Current DrawdownCurrent decline from peak | -4.74% | -0.31% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -11.24% | -2.86% | -8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 1.97% | +1.90% |
Volatility
VDPG.L vs. SPYL.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Acc (VDPG.L) has a higher volatility of 11.04% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 3.03%. This indicates that VDPG.L's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDPG.L | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.04% | 3.03% | +8.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.69% | 7.42% | +12.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 11.07% | +10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.25% | 13.82% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.27% | 13.82% | +9.45% |
VDPG.L vs. SPYL.DE - Expense Ratio Comparison
VDPG.L has a 0.15% expense ratio, which is higher than SPYL.DE's 0.03% 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
VDPG.L vs. SPYL.DE - Dividend Comparison
Neither VDPG.L nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
VDPG.L and SPYL.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 VDPG.L.
VDPG.L is categorized as Asia Pacific Equities, while SPYL.DE is S&P 500. VDPG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.15% for VDPG.L and 0.03% for SPYL.DE.
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