VWCG.DE vs. SPYL.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, VWCG.DE returned 16.18% vs 25.56% for SPYL.DE. A 0.55 correlation means they provide meaningful diversification when combined. VWCG.DE charges 0.10%/yr vs 0.03%/yr for SPYL.DE.
Performance
VWCG.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCG.DE achieves a 7.34% return, which is significantly lower than SPYL.DE's 11.37% return.
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCG.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 9.90% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between VWCG.DE and SPYL.DE is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.55 |
The correlation between VWCG.DE and SPYL.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. SPYL.DE — Risk / Return Rank
VWCG.DE
SPYL.DE
VWCG.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| VWCG.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.58 | -1.88 |
| Martin ratioReturn relative to average drawdown | 6.40 | 12.72 | -6.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWCG.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.21 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.54 | -0.89 |
Drawdowns
VWCG.DE vs. SPYL.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.68%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and SPYL.DE.
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Drawdown Indicators
| VWCG.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -23.27% | -12.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -7.13% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -0.46% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -3.24% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.01% | +0.54% |
Volatility
VWCG.DE vs. SPYL.DE - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) has a higher volatility of 4.33% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that VWCG.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWCG.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.66% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 7.57% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 11.52% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 14.61% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 14.61% | +2.48% |
VWCG.DE vs. SPYL.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% expense ratio, which is higher than SPYL.DE's 0.03% 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
VWCG.DE vs. SPYL.DE - Dividend Comparison
Neither VWCG.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCG.DE and SPYL.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.10% for VWCG.DE.
VWCG.DE is categorized as Europe Equities, while SPYL.DE is S&P 500. VWCG.DE tracks FTSE Developed Europe, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.10% for VWCG.DE and 0.03% for SPYL.DE.
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