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SPYL vs VGWD: which ETF won each year?

Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.

Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.

Fund A
State Street logoSPYL
Fund B
Vanguard logoVGWD

SPYL tracks the S&P 500 IndexVGWD tracks the FTSE All-World High Dividend Yield Index

What did the last 2 years do to €10,000?

You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted. Both funds are measured over the same 2 full years (2024–2025) — the longest stretch both were trading.

SPYL turned it into
€13,856
+17.71% per year on average · 2024–2025
VGWD turned it into
€13,098
+14.45% per year on average · 2024–2025
Difference
+€758
SPYL made more of the same money

SPYL vs VGWD, year by year

Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.

Years compared
4
where both funds were trading
SPYL won
2
years
VGWD won
2
years
YearSPYLVGWDWinner
2026 (so far)+12.05%+14.44%VGWD
2025+4.71%+13.16%VGWD
2024+32.33%+15.75%SPYL
2023+8.23%+7.29%SPYL
2022—+0.08%—
2021—+27.90%—
2020—-9.60%—
2019—+25.03%—
2018—-8.03%—
2017—+0.41%—

SPYL vs VGWD in plain words

SPYL tracks the S&P 500 Index while VGWD follows the FTSE All-World High Dividend Yield Index, so they own different slices of the market and their years can look very different. SPYL charges 0.03% a year in running costs and VGWD charges 0.29% — SPYL is the cheaper fund to hold.

SPYL reinvests its dividends automatically (accumulating), while VGWD pays them out as cash (distributing). Across the 4 calendar years both funds were trading, SPYL finished the year ahead 2 times and VGWD 2 times. €10,000 invested at the start of 2024 was worth €13,856 in SPYL versus €13,098 in VGWD by the end of 2025, dividends reinvested.

SPYL also trades in USD on the London Stock Exchange, where SPXL is its GBP line, ISIN IE000XZSV718 — this page follows its EUR line on Xetra.

VHYL is the London (GBP) listing of the same fund, ISIN IE00B8GKDB10 — VGWD is its EUR line on Xetra.

Fund facts: SPYL vs VGWD

FactSPYLVGWD
FundSPDR S&P 500 UCITS ETF (Acc)Vanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)
TracksS&P 500 IndexFTSE All-World High Dividend Yield Index
Yearly cost (TER)0.03%0.29%
DividendsAccumulating — dividends reinvestedDistributing — dividends paid out
Launched31 Oct 202321 May 2013
ISINIE000XZSV718IE00B8GKDB10
WKNA3EUC1A1T8FV

Frequently asked

Is SPYL or VGWD better?

Across the 4 calendar years both funds were trading, SPYL finished the year ahead 2 times and VGWD 2 times. €10,000 invested at the start of 2024 was worth €13,856 in SPYL versus €13,098 in VGWD by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.

What is the difference between SPYL and VGWD?

SPYL tracks the S&P 500 Index while VGWD follows the FTSE All-World High Dividend Yield Index, so they own different slices of the market and their years can look very different. SPYL charges 0.03% a year in running costs and VGWD charges 0.29% — SPYL is the cheaper fund to hold. SPYL reinvests its dividends automatically (accumulating), while VGWD pays them out as cash (distributing).

What would €10,000 in SPYL have become?

€10,000 invested in SPYL at the start of 2024 grew to €13,856 by the end of 2025, with dividends reinvested — an average of 17.7% per year.

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