VUAG.L vs. XDPP.L

Last updated Jun 5, 2026

VUAG.L (Vanguard S&P 500 UCITS ETF (USD) Accumulating) and XDPP.L (Xtrackers S&P 500 UCITS ETF 4C) are both S&P 500 funds tracking the S&P 500 Index, from Vanguard and Xtrackers respectively. Both are passively managed. Over the past 3 years, VUAG.L returned 19.03%/yr vs 19.03%/yr for XDPP.L. With a 0.99 correlation, they move nearly in lockstep. VUAG.L charges 0.07%/yr vs 0.06%/yr for XDPP.L.

Performance

VUAG.L vs. XDPP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) and Xtrackers S&P 500 UCITS ETF 4C (XDPP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VUAG.L having a 10.56% return and XDPP.L slightly higher at 10.57%.

VUAG.L

• 1D: 0.06%
• 1M: 4.52%
• YTD: 10.56%
• 6M: 9.91%
• 1Y: 29.04%
• 3Y*: 19.03%
• 5Y*: 14.93%
• 10Y*: —

XDPP.L

• 1D: 0.00%
• 1M: 5.50%
• YTD: 10.57%
• 6M: 10.48%
• 1Y: 29.16%
• 3Y*: 19.03%
• 5Y*: —
• 10Y*: —

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

VUAG.L vs. XDPP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	10.56%	9.36%	27.33%	19.67%	2.66%
XDPP.L Xtrackers S&P 500 UCITS ETF 4C	10.57%	9.44%	27.26%	19.81%	2.54%

Correlation

The correlation between VUAG.L and XDPP.L is 0.98 - 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	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022	0.99

The correlation between VUAG.L and XDPP.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

VUAG.L vs. XDPP.L — Risk / Return Rank

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

VUAG.L

VUAG.L Risk / Return Rank: 82
VUAG.L Sharpe Ratio Rank: 84
VUAG.L Sortino Ratio Rank: 83
VUAG.L Omega Ratio Rank: 85
VUAG.L Calmar Ratio Rank: 80
VUAG.L Martin Ratio Rank: 78

XDPP.L

XDPP.L Risk / Return Rank: 82
XDPP.L Sharpe Ratio Rank: 85
XDPP.L Sortino Ratio Rank: 84
XDPP.L Omega Ratio Rank: 86
XDPP.L Calmar Ratio Rank: 79
XDPP.L Martin Ratio Rank: 76

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.

VUAG.L vs. XDPP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) and Xtrackers S&P 500 UCITS ETF 4C (XDPP.L). 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.

	VUAG.L	XDPP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.73	2.78	-0.04
Sortino ratio: Return per unit of downside risk	3.66	3.69	-0.04
Omega ratio: Gain probability vs. loss probability	1.51	1.52	-0.01
Calmar ratio: Return relative to maximum drawdown	4.08	3.99	+0.09
Martin ratio: Return relative to average drawdown	14.96	14.32	+0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUAG.L vs. XDPP.L - Sharpe Ratio Comparison

The current VUAG.L Sharpe Ratio is 2.73, which is comparable to the XDPP.L Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of VUAG.L and XDPP.L, 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

	VUAG.L	XDPP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	2.78	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.25	-0.36

Drawdowns

VUAG.L vs. XDPP.L - Drawdown Comparison

The maximum VUAG.L drawdown since its inception was -25.61%, which is greater than XDPP.L's maximum drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for VUAG.L and XDPP.L.

Drawdown Indicators

	VUAG.L	XDPP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.61%	-20.98%	-4.63%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-7.28%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	-20.88%	-20.98%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-20.88%	—	—
Current Drawdown Current decline from peak	-0.22%	-0.24%	+0.02%
Average Drawdown Average peak-to-trough decline	-3.51%	-3.49%	-0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	2.03%	-0.09%

Volatility

VUAG.L vs. XDPP.L - Volatility Comparison

Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) and Xtrackers S&P 500 UCITS ETF 4C (XDPP.L) have volatilities of 2.62% and 2.62%, 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

	VUAG.L	XDPP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	2.62%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	7.13%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	10.62%	10.46%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	13.89%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.09%	13.89%	+22.20%

VUAG.L vs. XDPP.L - Expense Ratio Comparison

VUAG.L has a 0.07% expense ratio, which is higher than XDPP.L's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VUAG.L vs. XDPP.L - Dividend Comparison

Neither VUAG.L nor XDPP.L has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	71.39%
XDPP.L Xtrackers S&P 500 UCITS ETF 4C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VUAG.L and XDPP.L in my portfolio?

With a correlation of 0.98, VUAG.L and XDPP.L 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, VUAG.L or XDPP.L?

On fees, XDPP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUAG.L or XDPP.L?

XDPP.L is cheaper with a 0.06% expense ratio, compared with 0.07% for VUAG.L.

What is the main difference between VUAG.L and XDPP.L?

Both ETFs track S&P 500 Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.07% for VUAG.L and 0.06% for XDPP.L.