VUAA.DE vs. SPPE.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and SPPE.DE (SPDR S&P 500 UCITS ETF EUR Hedged Accumulating) are both S&P 500 funds - VUAA.DE tracks the S&P 500 Index while SPPE.DE tracks the S&P 500 EUR Dynamic Hedged Index. Both are passively managed. Over the past 5 years, VUAA.DE returned 14.30%/yr vs 10.69%/yr for SPPE.DE. Their correlation of 0.87 suggests significant overlap in exposure. VUAA.DE charges 0.07%/yr vs 0.12%/yr for SPPE.DE.
Performance
VUAA.DE vs. SPPE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.DE achieves a 9.96% return, which is significantly higher than SPPE.DE's 7.12% return.
VUAA.DE
- 1D
- 1.54%
- 1M
- 1.63%
- YTD
- 9.96%
- 6M
- 10.78%
- 1Y
- 24.50%
- 3Y*
- 18.05%
- 5Y*
- 14.30%
- 10Y*
- —
SPPE.DE
- 1D
- 2.15%
- 1M
- 0.28%
- YTD
- 7.12%
- 6M
- 8.21%
- 1Y
- 21.53%
- 3Y*
- 18.29%
- 5Y*
- 10.69%
- 10Y*
- —
VUAA.DE vs. SPPE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 9.96% | 4.69% | 32.69% | 22.51% | -14.29% | 40.75% | 5.89% |
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 7.12% | 15.32% | 23.27% | 23.16% | -21.71% | 28.53% | 14.75% |
Correlation
The correlation between VUAA.DE and SPPE.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.87 |
The correlation between VUAA.DE and SPPE.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
VUAA.DE vs. SPPE.DE — Risk / Return Rank
VUAA.DE
SPPE.DE
VUAA.DE vs. SPPE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.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.
| VUAA.DE | SPPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 2.47 | +1.01 |
| Martin ratioReturn relative to average drawdown | 12.44 | 10.29 | +2.15 |
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Drawdowns
VUAA.DE vs. SPPE.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, roughly equal to the maximum SPPE.DE drawdown of -34.33%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and SPPE.DE.
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Drawdown Indicators
| VUAA.DE | SPPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -34.33% | +0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -8.68% | +1.68% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -18.40% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -26.10% | +2.77% |
Current DrawdownCurrent decline from peak | -1.74% | -2.33% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -5.81% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.09% | -0.13% |
Volatility
VUAA.DE vs. SPPE.DE - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 3.07%, while SPDR S&P 500 UCITS ETF EUR Hedged Accumulating (SPPE.DE) has a volatility of 3.87%. This indicates that VUAA.DE experiences smaller price fluctuations and is considered to be less risky than SPPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUAA.DE | SPPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.87% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 9.02% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 12.05% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 16.03% | -0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 17.66% | -0.05% |
VUAA.DE vs. SPPE.DE - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than SPPE.DE's 0.12% 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
VUAA.DE vs. SPPE.DE - Dividend Comparison
Neither VUAA.DE nor SPPE.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPPE.DE SPDR S&P 500 UCITS ETF EUR Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 1.09% |
Frequently Asked Questions
VUAA.DE and SPPE.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for SPPE.DE.
VUAA.DE tracks S&P 500 Index, while SPPE.DE tracks S&P 500 EUR Dynamic Hedged Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.07% for VUAA.DE and 0.12% for SPPE.DE.
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