VUAA.DE vs. SPPY.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both S&P 500 funds - VUAA.DE tracks the S&P 500 Index while SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, VUAA.DE returned 13.92%/yr vs 15.14%/yr for SPPY.DE. With a 0.98 correlation, they move nearly in lockstep. VUAA.DE charges 0.07%/yr vs 0.10%/yr for SPPY.DE.
Performance
VUAA.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.DE achieves a 10.86% return, which is significantly lower than SPPY.DE's 12.49% return.
VUAA.DE
- 1D
- -0.90%
- 1M
- 0.23%
- YTD
- 10.86%
- 6M
- 11.15%
- 1Y
- 24.80%
- 3Y*
- 18.92%
- 5Y*
- 13.92%
- 10Y*
- —
SPPY.DE
- 1D
- -0.19%
- 1M
- 2.18%
- YTD
- 12.49%
- 6M
- 13.00%
- 1Y
- 29.56%
- 3Y*
- 19.57%
- 5Y*
- 15.14%
- 10Y*
- —
VUAA.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 10.86% | 4.69% | 32.34% | 22.51% | -14.29% | 40.75% | 4.36% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.49% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 6.23% |
Correlation
The correlation between VUAA.DE and SPPY.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.98 |
The correlation between VUAA.DE and SPPY.DE has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.
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Return for Risk
VUAA.DE vs. SPPY.DE — Risk / Return Rank
VUAA.DE
SPPY.DE
VUAA.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.46 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 4.38 | -0.86 |
| Martin ratioReturn relative to average drawdown | 12.59 | 16.81 | -4.22 |
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Drawdowns
VUAA.DE vs. SPPY.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, roughly equal to the maximum SPPY.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and SPPY.DE.
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Drawdown Indicators
| VUAA.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -33.33% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -6.72% | -0.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -23.81% | +0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -23.81% | +0.48% |
Current DrawdownCurrent decline from peak | -0.94% | -0.19% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.80% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.75% | +0.22% |
Volatility
VUAA.DE vs. SPPY.DE - Volatility Comparison
Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) has a higher volatility of 3.34% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 3.17%. This indicates that VUAA.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 3.17% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 8.13% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 11.79% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 15.47% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.55% | 17.53% | +0.02% |
VUAA.DE vs. SPPY.DE - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than SPPY.DE's 0.10% 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. SPPY.DE - Dividend Comparison
Neither VUAA.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, VUAA.DE and SPPY.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.
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 0.10% for SPPY.DE.
VUAA.DE tracks S&P 500 Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.07% for VUAA.DE and 0.10% for SPPY.DE.
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