VGEK.DE vs. SPYL.DE
VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - VGEK.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, VGEK.DE returned 78.14% vs 26.53% for SPYL.DE. A 0.57 correlation means they provide meaningful diversification when combined. VGEK.DE charges 0.15%/yr vs 0.03%/yr for SPYL.DE.
Performance
VGEK.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEK.DE achieves a 49.18% return, which is significantly higher than SPYL.DE's 11.37% return.
VGEK.DE
- 1D
- 4.06%
- 1M
- 3.59%
- YTD
- 49.18%
- 6M
- 55.67%
- 1Y
- 78.14%
- 3Y*
- 23.88%
- 5Y*
- 12.76%
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.37%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGEK.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 49.18% | 25.01% | 1.00% | 13.36% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between VGEK.DE and SPYL.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 | 0.57 |
The correlation between VGEK.DE and SPYL.DE has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
VGEK.DE vs. SPYL.DE — Risk / Return Rank
VGEK.DE
SPYL.DE
VGEK.DE 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 (USD) Accumulating (VGEK.DE) 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.
| VGEK.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.41 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.03 | 3.58 | +2.46 |
| Martin ratioReturn relative to average drawdown | 21.95 | 12.72 | +9.23 |
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Drawdowns
VGEK.DE vs. SPYL.DE - Drawdown Comparison
The maximum VGEK.DE drawdown since its inception was -36.88%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for VGEK.DE and SPYL.DE.
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Drawdown Indicators
| VGEK.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.88% | -23.27% | -13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -7.13% | -5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -19.67% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.67% | — | — |
Current DrawdownCurrent decline from peak | -4.00% | -0.46% | -3.54% |
Average DrawdownAverage peak-to-trough decline | -6.40% | -3.23% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.01% | +1.54% |
Volatility
VGEK.DE vs. SPYL.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a higher volatility of 10.55% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that VGEK.DE'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
| VGEK.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.55% | 2.66% | +7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.88% | 7.57% | +12.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.23% | 11.52% | +10.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 14.60% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 14.60% | +5.44% |
VGEK.DE vs. SPYL.DE - Expense Ratio Comparison
VGEK.DE 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
VGEK.DE vs. SPYL.DE - Dividend Comparison
Neither VGEK.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
VGEK.DE and SPYL.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 0.15% for VGEK.DE.
VGEK.DE is categorized as Asia Pacific Equities, while SPYL.DE is S&P 500. VGEK.DE tracks FTSE Developed Asia Pacific ex Japan, 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 VGEK.DE and 0.03% for SPYL.DE.
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