VGVE.DE vs. SPP2.DE

Last updated Jun 5, 2026

VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) and SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) are both Global Equities funds - VGVE.DE tracks the FTSE Developed while SPP2.DE tracks the MSCI ACWI (USD Hedged). Both are passively managed. Over the past 5 years, VGVE.DE returned 12.95%/yr vs 13.66%/yr for SPP2.DE. Their correlation of 0.94 suggests significant overlap in exposure. VGVE.DE charges 0.12%/yr vs 0.45%/yr for SPP2.DE.

Performance

VGVE.DE vs. SPP2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGVE.DE is traded in EUR, while SPP2.DE is traded in USD. To make them comparable, the SPP2.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VGVE.DE having a 12.54% return and SPP2.DE slightly higher at 13.03%.

VGVE.DE

• 1D: -0.18%
• 1M: 5.25%
• YTD: 12.54%
• 6M: 13.19%
• 1Y: 26.14%
• 3Y*: 18.04%
• 5Y*: 12.95%
• 10Y*: —

SPP2.DE

• 1D: -0.15%
• 1M: 5.25%
• YTD: 13.03%
• 6M: 13.50%
• 1Y: 27.58%
• 3Y*: 18.34%
• 5Y*: 13.66%
• 10Y*: —

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

VGVE.DE vs. SPP2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	12.54%	8.78%	24.92%	19.91%	-13.71%	31.39%	7.89%
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc	13.03%	7.39%	27.67%	19.17%	-11.61%	31.66%	6.71%

Correlation

The correlation between VGVE.DE and SPP2.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020	0.94

The correlation between VGVE.DE and SPP2.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

Return for Risk

VGVE.DE vs. SPP2.DE — Risk / Return Rank

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

VGVE.DE

VGVE.DE Risk / Return Rank: 77
VGVE.DE Sharpe Ratio Rank: 72
VGVE.DE Sortino Ratio Rank: 72
VGVE.DE Omega Ratio Rank: 75
VGVE.DE Calmar Ratio Rank: 81
VGVE.DE Martin Ratio Rank: 84

SPP2.DE

SPP2.DE Risk / Return Rank: 78
SPP2.DE Sharpe Ratio Rank: 77
SPP2.DE Sortino Ratio Rank: 82
SPP2.DE Omega Ratio Rank: 78
SPP2.DE Calmar Ratio Rank: 74
SPP2.DE Martin Ratio Rank: 80

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.

VGVE.DE vs. SPP2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.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.

	VGVE.DE	SPP2.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.19	+0.13
Sortino ratio: Return per unit of downside risk	3.24	3.05	+0.18
Omega ratio: Gain probability vs. loss probability	1.44	1.41	+0.03
Calmar ratio: Return relative to maximum drawdown	4.15	4.68	-0.53
Martin ratio: Return relative to average drawdown	17.12	16.59	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGVE.DE vs. SPP2.DE - Sharpe Ratio Comparison

The current VGVE.DE Sharpe Ratio is 2.32, which is comparable to the SPP2.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of VGVE.DE and SPP2.DE, 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

	VGVE.DE	SPP2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.19	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.92	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	1.08	-0.29

Drawdowns

VGVE.DE vs. SPP2.DE - Drawdown Comparison

The maximum VGVE.DE drawdown since its inception was -33.63%, which is greater than SPP2.DE's maximum drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for VGVE.DE and SPP2.DE.

Drawdown Indicators

	VGVE.DE	SPP2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.63%	-21.23%	-12.40%
Max Drawdown (1Y) Largest decline over 1 year	-6.27%	-5.87%	-0.40%
Max Drawdown (3Y) Largest decline over 3 years	-21.26%	-21.23%	-0.03%
Max Drawdown (5Y) Largest decline over 5 years	-21.26%	-21.23%	-0.03%
Current Drawdown Current decline from peak	-0.58%	-0.53%	-0.05%
Average Drawdown Average peak-to-trough decline	-4.35%	-3.51%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	1.66%	-0.14%

Volatility

VGVE.DE vs. SPP2.DE - Volatility Comparison

The current volatility for Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) is 2.88%, while SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) has a volatility of 3.27%. This indicates that VGVE.DE experiences smaller price fluctuations and is considered to be less risky than SPP2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGVE.DE	SPP2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.27%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	9.26%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	12.55%	-1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	14.69%	-0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.63%	14.56%	+1.07%

VGVE.DE vs. SPP2.DE - Expense Ratio Comparison

VGVE.DE has a 0.12% expense ratio, which is lower than SPP2.DE's 0.45% expense ratio.

Dividends

VGVE.DE vs. SPP2.DE - Dividend Comparison

VGVE.DE's dividend yield for the trailing twelve months is around 1.06%, while SPP2.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	1.06%	1.22%	1.36%	1.59%	1.93%	1.22%	1.40%	1.67%	1.95%	0.34%

Frequently Asked Questions

Can I hold both VGVE.DE and SPP2.DE in my portfolio?

With a correlation of 0.92, VGVE.DE and SPP2.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VGVE.DE or SPP2.DE?

On fees, VGVE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGVE.DE or SPP2.DE?

VGVE.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for SPP2.DE.

What is the main difference between VGVE.DE and SPP2.DE?

VGVE.DE tracks FTSE Developed, while SPP2.DE tracks MSCI ACWI (USD Hedged). They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.12% for VGVE.DE and 0.45% for SPP2.DE.