VGWE.DE vs. SPYD

Last updated Jun 5, 2026

VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. Both are passively managed. Over the past 5 years, VGWE.DE returned 11.47%/yr vs 8.23%/yr for SPYD. A 0.52 correlation means they provide meaningful diversification when combined. VGWE.DE charges 0.29%/yr vs 0.07%/yr for SPYD.

Performance

VGWE.DE vs. SPYD - 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 Acc (VGWE.DE) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VGWE.DE achieves a 12.43% return, which is significantly lower than SPYD's 14.07% return.

VGWE.DE

• 1D: 0.23%
• 1M: 2.28%
• YTD: 12.43%
• 6M: 13.64%
• 1Y: 24.97%
• 3Y*: 15.83%
• 5Y*: 11.47%
• 10Y*: —

SPYD

• 1D: 1.01%
• 1M: 3.93%
• YTD: 14.07%
• 6M: 14.10%
• 1Y: 18.26%
• 3Y*: 11.79%
• 5Y*: 8.23%
• 10Y*: 8.43%

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

VGWE.DE vs. SPYD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc	12.43%	12.81%	15.59%	7.89%	0.02%	27.83%	6.23%
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	14.07%	-7.77%	22.96%	0.80%	4.95%	42.66%	6.16%

Correlation

The correlation between VGWE.DE and SPYD is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.52

The correlation between VGWE.DE and SPYD has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.

Return for Risk

VGWE.DE vs. SPYD — 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: 81
VGWE.DE Sharpe Ratio Rank: 81
VGWE.DE Sortino Ratio Rank: 83
VGWE.DE Omega Ratio Rank: 79
VGWE.DE Calmar Ratio Rank: 80
VGWE.DE Martin Ratio Rank: 81

SPYD

SPYD Risk / Return Rank: 50
SPYD Sharpe Ratio Rank: 48
SPYD Sortino Ratio Rank: 51
SPYD Omega Ratio Rank: 45
SPYD Calmar Ratio Rank: 56
SPYD Martin Ratio Rank: 48

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. SPYD - 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 Acc (VGWE.DE) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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.

	VGWE.DE	SPYD	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.53	+1.07
Sortino ratio: Return per unit of downside risk	3.65	2.24	+1.41
Omega ratio: Gain probability vs. loss probability	1.47	1.27	+0.20
Calmar ratio: Return relative to maximum drawdown	4.11	3.18	+0.93
Martin ratio: Return relative to average drawdown	15.82	8.44	+7.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGWE.DE vs. SPYD - Sharpe Ratio Comparison

The current VGWE.DE Sharpe Ratio is 2.60, which is higher than the SPYD Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of VGWE.DE and SPYD, 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

	VGWE.DE	SPYD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	1.53	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.52	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.44	+0.66

Drawdowns

VGWE.DE vs. SPYD - Drawdown Comparison

The maximum VGWE.DE drawdown since its inception was -16.43%, smaller than the maximum SPYD drawdown of -45.82%. Use the drawdown chart below to compare losses from any high point for VGWE.DE and SPYD.

Drawdown Indicators

	VGWE.DE	SPYD	Difference
Max Drawdown Largest peak-to-trough decline	-16.43%	-45.82%	+29.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.00%	-5.77%	-0.23%
Max Drawdown (3Y) Largest decline over 3 years	-16.43%	-19.95%	+3.52%
Max Drawdown (5Y) Largest decline over 5 years	-16.43%	-22.47%	+6.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.82%	—
Current Drawdown Current decline from peak	-0.37%	-1.01%	+0.64%
Average Drawdown Average peak-to-trough decline	-2.37%	-8.08%	+5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	2.17%	-0.61%

Volatility

VGWE.DE vs. SPYD - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) is 2.38%, while State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a volatility of 2.73%. This indicates that VGWE.DE experiences smaller price fluctuations and is considered to be less risky than SPYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWE.DE	SPYD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	2.73%	-0.35%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	8.38%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	11.96%	-2.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.51%	15.86%	-4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	20.20%	-7.97%

VGWE.DE vs. SPYD - Expense Ratio Comparison

VGWE.DE has a 0.29% expense ratio, which is higher than SPYD's 0.07% expense ratio.

Dividends

VGWE.DE vs. SPYD - Dividend Comparison

VGWE.DE has not paid dividends to shareholders, while SPYD's dividend yield for the trailing twelve months is around 4.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF	4.15%	4.52%	4.31%	4.66%	5.01%	3.68%	4.95%	4.42%	4.75%	4.63%	4.34%	1.13%
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	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 SPYD in my portfolio?

VGWE.DE and SPYD have a correlation of 0.48, 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 SPYD?

On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGWE.DE or SPYD?

SPYD is cheaper with a 0.07% expense ratio, compared with 0.29% for VGWE.DE.

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

VGWE.DE is categorized as Dividend, while SPYD is S&P 500. VGWE.DE tracks FTSE All-World High Dividend Yield Index, while SPYD tracks S&P 500 High Dividend Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.29% for VGWE.DE and 0.07% for SPYD.