VUAA.DE vs. VUSA.DE

Last updated Jun 5, 2026

VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and VUSA.DE (Vanguard S&P 500 UCITS ETF) are both S&P 500 funds from Vanguard - VUAA.DE tracks the S&P 500 Index while VUSA.DE tracks the S&P 500 Net Total Return. Both are passively managed. Over the past 5 years, VUAA.DE returned 14.77%/yr vs 14.76%/yr for VUSA.DE. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.

Performance

VUAA.DE vs. VUSA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and Vanguard S&P 500 UCITS ETF (VUSA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VUAA.DE having a 11.41% return and VUSA.DE slightly lower at 11.38%.

VUAA.DE

• 1D: -0.12%
• 1M: 5.23%
• YTD: 11.41%
• 6M: 11.44%
• 1Y: 25.64%
• 3Y*: 18.87%
• 5Y*: 14.77%
• 10Y*: —

VUSA.DE

• 1D: -0.12%
• 1M: 4.37%
• YTD: 11.38%
• 6M: 10.86%
• 1Y: 25.53%
• 3Y*: 18.87%
• 5Y*: 14.76%
• 10Y*: —

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

VUAA.DE vs. VUSA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF	11.41%	4.68%	32.33%	22.52%	-14.29%	40.76%	3.17%
VUSA.DE Vanguard S&P 500 UCITS ETF	11.38%	4.74%	32.32%	22.44%	-14.26%	40.76%	3.13%

Correlation

The correlation between VUAA.DE and VUSA.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020	0.99

The correlation between VUAA.DE and VUSA.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

VUAA.DE vs. VUSA.DE — Risk / Return Rank

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

VUAA.DE

VUAA.DE Risk / Return Rank: 69
VUAA.DE Sharpe Ratio Rank: 68
VUAA.DE Sortino Ratio Rank: 66
VUAA.DE Omega Ratio Rank: 70
VUAA.DE Calmar Ratio Rank: 73
VUAA.DE Martin Ratio Rank: 70

VUSA.DE

VUSA.DE Risk / Return Rank: 69
VUSA.DE Sharpe Ratio Rank: 68
VUSA.DE Sortino Ratio Rank: 65
VUSA.DE Omega Ratio Rank: 70
VUSA.DE Calmar Ratio Rank: 72
VUSA.DE Martin Ratio Rank: 70

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.

VUAA.DE vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.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.

	VUAA.DE	VUSA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.20	0.00
Sortino ratio: Return per unit of downside risk	2.99	2.99	0.00
Omega ratio: Gain probability vs. loss probability	1.41	1.41	0.00
Calmar ratio: Return relative to maximum drawdown	3.56	3.57	-0.01
Martin ratio: Return relative to average drawdown	12.74	12.71	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUAA.DE vs. VUSA.DE - Sharpe Ratio Comparison

The current VUAA.DE Sharpe Ratio is 2.20, which is comparable to the VUSA.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VUAA.DE and VUSA.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

	VUAA.DE	VUSA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.20	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	0.96	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	0.89	-0.08

Drawdowns

VUAA.DE vs. VUSA.DE - Drawdown Comparison

The maximum VUAA.DE drawdown since its inception was -33.67%, roughly equal to the maximum VUSA.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and VUSA.DE.

Drawdown Indicators

	VUAA.DE	VUSA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-33.63%	-0.04%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	-7.13%	-0.03%
Max Drawdown (3Y) Largest decline over 3 years	-23.33%	-23.24%	-0.09%
Max Drawdown (5Y) Largest decline over 5 years	-23.33%	-23.24%	-0.09%
Current Drawdown Current decline from peak	-0.45%	-0.44%	-0.01%
Average Drawdown Average peak-to-trough decline	-5.07%	-4.40%	-0.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	2.01%	0.00%

Volatility

VUAA.DE vs. VUSA.DE - Volatility Comparison

Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and Vanguard S&P 500 UCITS ETF (VUSA.DE) have volatilities of 2.65% and 2.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUAA.DE	VUSA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.68%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	7.59%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.58%	11.58%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	15.17%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	16.77%	+0.82%

VUAA.DE vs. VUSA.DE - Expense Ratio Comparison

Both VUAA.DE and VUSA.DE have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VUAA.DE vs. VUSA.DE - Dividend Comparison

VUAA.DE has not paid dividends to shareholders, while VUSA.DE's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUSA.DE Vanguard S&P 500 UCITS ETF	0.87%	0.97%	1.00%	1.25%	1.45%	1.02%	1.43%	1.45%	1.74%	0.41%

Frequently Asked Questions

Can I hold both VUAA.DE and VUSA.DE in my portfolio?

With a correlation of 1.00, VUAA.DE and VUSA.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, VUAA.DE or VUSA.DE?

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUAA.DE or VUSA.DE?

VUAA.DE and VUSA.DE have the same expense ratio: 0.07% per year.

What is the main difference between VUAA.DE and VUSA.DE?

VUAA.DE tracks S&P 500 Index, while VUSA.DE tracks S&P 500 Net Total Return.