VGTY.DE vs. SPPX.DE
VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) and SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) are both Government Bonds funds - VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index while SPPX.DE tracks the Bloomberg US 10+ Year Treasury Bond. Both are passively managed. Over the past 5 years, VGTY.DE returned 0.64%/yr vs -4.26%/yr for SPPX.DE. A 0.78 correlation means they provide meaningful diversification when combined. VGTY.DE charges 0.05%/yr vs 0.15%/yr for SPPX.DE.
Performance
VGTY.DE vs. SPPX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGTY.DE achieves a 3.86% return, which is significantly lower than SPPX.DE's 5.09% return.
VGTY.DE
- 1D
- -0.11%
- 1M
- 3.12%
- YTD
- 3.86%
- 6M
- 4.26%
- 1Y
- 5.76%
- 3Y*
- 1.63%
- 5Y*
- 0.64%
- 10Y*
- —
SPPX.DE
- 1D
- -0.11%
- 1M
- 5.04%
- YTD
- 5.09%
- 6M
- 5.56%
- 1Y
- 7.67%
- 3Y*
- -1.69%
- 5Y*
- -4.26%
- 10Y*
- -1.66%
VGTY.DE vs. SPPX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 3.86% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -1.94% | 9.66% | 4.95% | -2.98% |
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 5.09% | -6.02% | -0.97% | -0.77% | -24.28% | 3.04% | 6.12% | 17.93% | 2.67% | 1.82% |
Correlation
The correlation between VGTY.DE and SPPX.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.78 |
The correlation between VGTY.DE and SPPX.DE has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
VGTY.DE vs. SPPX.DE — Risk / Return Rank
VGTY.DE
SPPX.DE
VGTY.DE vs. SPPX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) and SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.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.
| VGTY.DE | SPPX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.21 | +0.23 |
| Martin ratioReturn relative to average drawdown | 3.73 | 2.62 | +1.11 |
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Drawdowns
VGTY.DE vs. SPPX.DE - Drawdown Comparison
The maximum VGTY.DE drawdown since its inception was -17.51%, smaller than the maximum SPPX.DE drawdown of -44.59%. Use the drawdown chart below to compare losses from any high point for VGTY.DE and SPPX.DE.
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Drawdown Indicators
| VGTY.DE | SPPX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.51% | -44.59% | +27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.98% | -6.30% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -11.05% | -16.53% | +5.48% |
Max Drawdown (5Y)Largest decline over 5 years | -12.99% | -36.55% | +23.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.59% | — |
Current DrawdownCurrent decline from peak | -10.54% | -38.37% | +27.83% |
Average DrawdownAverage peak-to-trough decline | -9.05% | -22.68% | +13.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.92% | -1.38% |
Volatility
VGTY.DE vs. SPPX.DE - Volatility Comparison
The current volatility for Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) is 1.40%, while SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) has a volatility of 2.39%. This indicates that VGTY.DE experiences smaller price fluctuations and is considered to be less risky than SPPX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGTY.DE | SPPX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 2.39% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 6.21% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.48% | 9.00% | -3.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 14.21% | -6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.67% | 16.48% | -8.81% |
VGTY.DE vs. SPPX.DE - Expense Ratio Comparison
VGTY.DE has a 0.05% expense ratio, which is lower than SPPX.DE's 0.15% 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
VGTY.DE vs. SPPX.DE - Dividend Comparison
VGTY.DE's dividend yield for the trailing twelve months is around 4.14%, less than SPPX.DE's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.42% | 4.77% | 4.08% | 3.14% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.14% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% | 0.00% |
Frequently Asked Questions
VGTY.DE and SPPX.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGTY.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGTY.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for SPPX.DE.
VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index, while SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.05% for VGTY.DE and 0.15% for SPPX.DE.
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