VUKE.DE vs. VUAA.DE

Last updated Jun 5, 2026

VUKE.DE (Vanguard FTSE 100 UCITS ETF Distributing) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both exchange-traded funds - VUKE.DE is a Europe Equities fund tracking the FTSE AllSh TR GBP, while VUAA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VUKE.DE returned 11.56%/yr vs 14.77%/yr for VUAA.DE. A 0.61 correlation means they provide meaningful diversification when combined. VUKE.DE charges 0.09%/yr vs 0.07%/yr for VUAA.DE.

Performance

VUKE.DE vs. VUAA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VUKE.DE achieves a 6.44% return, which is significantly lower than VUAA.DE's 11.41% return.

VUKE.DE

• 1D: 0.15%
• 1M: -0.44%
• YTD: 6.44%
• 6M: 9.43%
• 1Y: 17.71%
• 3Y*: 14.60%
• 5Y*: 11.56%
• 10Y*: —

VUAA.DE

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

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VUKE.DE Vanguard FTSE 100 UCITS ETF Distributing	6.44%	20.50%	14.00%	9.66%	-1.10%	24.91%	-14.16%
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF	11.41%	4.68%	32.33%	22.52%	-14.29%	40.76%	3.17%

Correlation

The correlation between VUKE.DE and VUAA.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020	0.61

The correlation between VUKE.DE and VUAA.DE shifts across timeframes, from 0.48 (3 years) to 0.61 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

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

VUKE.DE

VUKE.DE Risk / Return Rank: 45
VUKE.DE Sharpe Ratio Rank: 43
VUKE.DE Sortino Ratio Rank: 42
VUKE.DE Omega Ratio Rank: 43
VUKE.DE Calmar Ratio Rank: 47
VUKE.DE Martin Ratio Rank: 49

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

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.

VUKE.DE vs. VUAA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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.

	VUKE.DE	VUAA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.20	-0.73
Sortino ratio: Return per unit of downside risk	2.09	2.99	-0.90
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.14
Calmar ratio: Return relative to maximum drawdown	2.28	3.56	-1.29
Martin ratio: Return relative to average drawdown	8.03	12.74	-4.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VUKE.DE Sharpe Ratio is 1.47, which is lower than the VUAA.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VUKE.DE and VUAA.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

	VUKE.DE	VUAA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.20	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.97	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.81	-0.34

Drawdowns

VUKE.DE vs. VUAA.DE - Drawdown Comparison

The maximum VUKE.DE drawdown since its inception was -40.16%, which is greater than VUAA.DE's maximum drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for VUKE.DE and VUAA.DE.

Drawdown Indicators

	VUKE.DE	VUAA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-40.16%	-33.67%	-6.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-7.16%	-0.62%
Max Drawdown (3Y) Largest decline over 3 years	-16.78%	-23.33%	+6.55%
Max Drawdown (5Y) Largest decline over 5 years	-16.78%	-23.33%	+6.55%
Current Drawdown Current decline from peak	-2.81%	-0.45%	-2.36%
Average Drawdown Average peak-to-trough decline	-5.47%	-5.07%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.01%	+0.20%

Volatility

VUKE.DE vs. VUAA.DE - Volatility Comparison

Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) has a higher volatility of 4.43% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 2.65%. This indicates that VUKE.DE's price experiences larger fluctuations and is considered to be riskier than VUAA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUKE.DE	VUAA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	2.65%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	7.61%	+2.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	11.58%	+0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	15.12%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	17.59%	-0.69%

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

VUKE.DE has a 0.09% expense ratio, which is higher than VUAA.DE's 0.07% 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

VUKE.DE vs. VUAA.DE - Dividend Comparison

VUKE.DE's dividend yield for the trailing twelve months is around 3.01%, while VUAA.DE has not paid dividends to shareholders.

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%
VUKE.DE Vanguard FTSE 100 UCITS ETF Distributing	3.01%	3.18%	3.70%	3.84%	4.08%	3.81%	2.95%	4.49%	4.74%	0.65%

Frequently Asked Questions

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

VUKE.DE and VUAA.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUKE.DE or VUAA.DE?

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.

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

VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.09% for VUKE.DE.

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

VUKE.DE is categorized as Europe Equities, while VUAA.DE is S&P 500. VUKE.DE tracks FTSE AllSh TR GBP, while VUAA.DE tracks S&P 500 Index. Their fees differ too: 0.09% for VUKE.DE and 0.07% for VUAA.DE.