VVSM.DE vs. SPYE.DE
VVSM.DE (VanEck Semiconductor UCITS ETF) and SPYE.DE (SPDR MSCI Europe UCITS ETF) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while SPYE.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 5 years, VVSM.DE returned 38.39%/yr vs 9.92%/yr for SPYE.DE. A 0.57 correlation means they provide meaningful diversification when combined. VVSM.DE charges 0.35%/yr vs 0.25%/yr for SPYE.DE.
Performance
VVSM.DE vs. SPYE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VVSM.DE achieves a 88.80% return, which is significantly higher than SPYE.DE's 9.23% return.
VVSM.DE
- 1D
- 5.78%
- 1M
- 11.46%
- YTD
- 88.80%
- 6M
- 94.46%
- 1Y
- 164.58%
- 3Y*
- 55.11%
- 5Y*
- 38.39%
- 10Y*
- —
SPYE.DE
- 1D
- 1.76%
- 1M
- 3.41%
- YTD
- 9.23%
- 6M
- 11.81%
- 1Y
- 19.38%
- 3Y*
- 13.98%
- 5Y*
- 9.92%
- 10Y*
- 9.95%
VVSM.DE vs. SPYE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 88.80% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
SPYE.DE SPDR MSCI Europe UCITS ETF | 9.23% | 20.32% | 8.24% | 15.50% | -9.42% | 25.11% | 2.98% |
Correlation
The correlation between VVSM.DE and SPYE.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.57 |
The correlation between VVSM.DE and SPYE.DE has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VVSM.DE vs. SPYE.DE — Risk / Return Rank
VVSM.DE
SPYE.DE
VVSM.DE vs. SPYE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.DE) and SPDR MSCI Europe UCITS ETF (SPYE.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.
| VVSM.DE | SPYE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.43 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 1.26 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 13.76 | 1.92 | +11.84 |
| Martin ratioReturn relative to average drawdown | 44.81 | 7.17 | +37.64 |
Loading charts...
Drawdowns
VVSM.DE vs. SPYE.DE - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, which is greater than SPYE.DE's maximum drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and SPYE.DE.
Loading charts...
Drawdown Indicators
| VVSM.DE | SPYE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -35.54% | -2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -9.45% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -16.65% | -20.87% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -19.53% | -18.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -1.32% | -0.05% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -5.49% | -4.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 2.54% | +1.04% |
Volatility
VVSM.DE vs. SPYE.DE - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.48% compared to SPDR MSCI Europe UCITS ETF (SPYE.DE) at 4.17%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier than SPYE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VVSM.DE | SPYE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 4.17% | +9.31% |
Volatility (6M)Calculated over the trailing 6-month period | 26.15% | 10.79% | +15.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.27% | 13.03% | +20.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.43% | 14.33% | +17.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.86% | 15.67% | +16.19% |
VVSM.DE vs. SPYE.DE - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is higher than SPYE.DE's 0.25% expense ratio.
Dividends
VVSM.DE vs. SPYE.DE - Dividend Comparison
Neither VVSM.DE nor SPYE.DE has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and SPYE.DE have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYE.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for VVSM.DE.
VVSM.DE is categorized as Semiconductors, while SPYE.DE is Europe Equities. VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index, while SPYE.DE tracks MSCI Europe. They also come from different issuers: VanEck and State Street. Their fees differ too: 0.35% for VVSM.DE and 0.25% for SPYE.DE.
Find the right allocation for VVSM.DE and SPYE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer