VGWE.DE vs. SPPD.DE

Last updated Jul 16, 2026

VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating) and SPPD.DE (State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist)) are both Dividend funds - VGWE.DE tracks the FTSE All-World High Dividend Yield Index while SPPD.DE tracks the S&P High Yield Dividend Aristocrats EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, VGWE.DE returned 12.25%/yr vs 4.28%/yr for SPPD.DE. A 0.71 correlation means they provide meaningful diversification when combined. VGWE.DE charges 0.29%/yr vs 0.40%/yr for SPPD.DE.

Performance

VGWE.DE vs. SPPD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating (VGWE.DE) and State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) (SPPD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGWE.DE achieves a 16.24% return, which is significantly higher than SPPD.DE's 9.21% return.

VGWE.DE

• 1D: 0.00%
• 1M: 1.91%
• 6M: 12.22%
• YTD: 16.24%
• 1Y: 28.52%
• 3Y*: 17.50%
• 5Y*: 12.25%
• 10Y*: —

SPPD.DE

• 1D: 0.11%
• 1M: 0.88%
• 6M: 5.11%
• YTD: 9.21%
• 1Y: 11.14%
• 3Y*: 7.64%
• 5Y*: 4.28%
• 10Y*: —

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

VGWE.DE vs. SPPD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating	16.24%	12.81%	15.59%	7.89%	0.02%	27.81%	7.83%
SPPD.DE State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist)	9.21%	5.92%	5.78%	-0.99%	-3.82%	24.32%	14.81%

Correlation

The correlation between VGWE.DE and SPPD.DE is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020	0.71

The correlation between VGWE.DE and SPPD.DE has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Return for Risk

VGWE.DE vs. SPPD.DE — Risk / Return Rank

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

VGWE.DE

VGWE.DE Risk / Return Rank: 94
VGWE.DE Sharpe Ratio Rank: 95
VGWE.DE Sortino Ratio Rank: 95
VGWE.DE Omega Ratio Rank: 94
VGWE.DE Calmar Ratio Rank: 92
VGWE.DE Martin Ratio Rank: 93

SPPD.DE

SPPD.DE Risk / Return Rank: 35
SPPD.DE Sharpe Ratio Rank: 37
SPPD.DE Sortino Ratio Rank: 38
SPPD.DE Omega Ratio Rank: 34
SPPD.DE Calmar Ratio Rank: 35
SPPD.DE Martin Ratio Rank: 30

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.

VGWE.DE vs. SPPD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating (VGWE.DE) and State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) (SPPD.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.

	VGWE.DE	SPPD.DE	Difference
Sharpe ratio: Return per unit of total volatility	3.03	1.13	+1.90
Sortino ratio: Return per unit of downside risk	4.24	1.69	+2.55
Omega ratio: Gain probability vs. loss probability	1.56	1.20	+0.36
Calmar ratio: Return relative to maximum drawdown	4.73	1.51	+3.23
Martin ratio: Return relative to average drawdown	18.75	3.49	+15.26

VGWE.DE vs. SPPD.DE - Sharpe Ratio Comparison

The current VGWE.DE Sharpe Ratio is 3.03, which is higher than the SPPD.DE Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of VGWE.DE and SPPD.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.

Drawdowns

VGWE.DE vs. SPPD.DE - Drawdown Comparison

The maximum VGWE.DE drawdown since its inception was -16.43%, smaller than the maximum SPPD.DE drawdown of -34.00%. Use the drawdown chart below to compare losses from any high point for VGWE.DE and SPPD.DE.

Drawdown Indicators

	VGWE.DE	SPPD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.43%	-34.00%	+17.57%
Max Drawdown (1Y) Largest decline over 1 year	-6.00%	-7.37%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-16.43%	-15.99%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-16.43%	-18.53%	+2.10%
Current Drawdown Current decline from peak	-0.16%	-1.72%	+1.56%
Average Drawdown Average peak-to-trough decline	-2.33%	-6.07%	+3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	3.19%	-1.67%

Volatility

VGWE.DE vs. SPPD.DE - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating (VGWE.DE) is 1.82%, while State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist) (SPPD.DE) has a volatility of 3.20%. This indicates that VGWE.DE experiences smaller price fluctuations and is considered to be less risky than SPPD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWE.DE	SPPD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.82%	3.20%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	7.11%	7.20%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	9.37%	9.82%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.49%	13.91%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.18%	17.02%	-4.84%

VGWE.DE vs. SPPD.DE - Expense Ratio Comparison

VGWE.DE has a 0.29% expense ratio, which is lower than SPPD.DE's 0.40% expense ratio.

Dividends

VGWE.DE vs. SPPD.DE - Dividend Comparison

VGWE.DE has not paid dividends to shareholders, while SPPD.DE's dividend yield for the trailing twelve months is around 2.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SPPD.DE State Street SPDR S&P U.S. Dividend Aristocrats EUR Hdg UCITS ETF (Dist)	2.00%	2.11%	2.01%	2.22%	2.16%	2.15%	2.31%	1.00%
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VGWE.DE and SPPD.DE in my portfolio?

VGWE.DE and SPPD.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGWE.DE or SPPD.DE?

On fees, VGWE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGWE.DE or SPPD.DE?

VGWE.DE is cheaper with a 0.29% expense ratio, compared with 0.40% for SPPD.DE.

What is the main difference between VGWE.DE and SPPD.DE?

VGWE.DE tracks FTSE All-World High Dividend Yield Index, while SPPD.DE tracks S&P High Yield Dividend Aristocrats EUR Dynamic Hedged Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.29% for VGWE.DE and 0.40% for SPPD.DE.