- Issuer
- State Street
- Inception Date
- Sep 30, 2019
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI ACWI with Developed Markets 100% Hedged to EUR Index
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
SPP1.DE Performance Chart
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) is up 11.1% since the beginning of the year. SPP1.DE is currently trading at €27 per share. Investors who bought €1,000 worth of SPP1.DE shares 5 years ago would now be looking at an investment worth €1,626.
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Returns By Period
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) has returned 11.13% so far this year and 22.91% over the past 12 months.
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.43%
- 1M
- 0.48%
- 6M
- 11.83%
- YTD
- 12.30%
- 1Y
- 22.52%
- 3Y*
- 17.03%
- 5Y*
- 12.27%
- 10Y*
- 13.23%
SPP1.DE Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2019, SPP1.DE's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +10.8%, while the worst month was Mar 2020 at -10.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SPP1.DE closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 12, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.63% | 1.35% | -6.96% | 9.44% | 5.60% | -0.04% | 0.38% | 11.13% | |||||
| 2025 | 3.77% | -2.41% | -4.69% | -1.06% | 6.05% | 3.58% | 2.94% | 1.00% | 3.10% | 3.44% | -0.17% | 1.14% | 17.43% |
| 2024 | 1.64% | 3.57% | 3.50% | -2.25% | 1.98% | 4.09% | 0.36% | 0.72% | 2.20% | -0.45% | 4.27% | -1.49% | 19.40% |
| 2023 | 6.08% | -1.51% | 1.60% | 1.12% | -0.26% | 5.41% | 2.97% | -2.04% | -3.37% | -3.56% | 7.83% | 4.46% | 19.48% |
| 2022 | -5.50% | -2.00% | 3.28% | -5.87% | -2.10% | -7.61% | 6.83% | -2.24% | -7.61% | 4.23% | 3.92% | -3.57% | -17.94% |
| 2021 | 0.21% | 2.64% | 3.59% | 3.14% | 0.82% | 2.45% | 0.74% | 2.50% | -3.09% | 4.23% | -1.29% | 3.99% | 21.52% |
Benchmark Metrics
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) has an annualized alpha of 5.23%, beta of 0.44, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 30, 2019.
- This ETF participated in 88.68% of S&P 500 Index downside but only 79.50% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.44 may look defensive, but with R2 of 0.28 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.28 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.23%
- Beta
- 0.44
- R²
- 0.28
- Upside Capture
- 79.50%
- Downside Capture
- 88.68%
Expense Ratio
SPP1.DE has an expense ratio of 0.17%, which is considered low.
Return for Risk
Risk / Return Rank
SPP1.DE ranks 73 for risk / return — better than 73% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) and compare them to S&P 500 Index.
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.
| SPP1.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.18 | -0.40 |
| Martin ratioReturn relative to average drawdown | 11.61 | 11.76 | -0.15 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) was 32.51%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) drawdown is 0.37%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -32.51%Mar 2020 | 1mo 2d | 7mo 21d | 8mo 23dFeb 2020 - Nov 2020 |
Bear market2022 | -22.77%Oct 2022 | 9mo 10d | 1y 3mo | 2y 25dJan 2022 - Jan 2024 |
2025 selloff2025 | -17.70%Apr 2025 | 1mo 20d | 2mo 19d | 4mo 9dFeb 2025 - Jun 2025 |
2024 pullback2024 | -8.32%Aug 2024 | 20d | 1mo 19d | 2mo 9dJul 2024 - Sep 2024 |
2026 pullback2026 | -8.21%Mar 2026 | 29d | 20d | 1mo 19dFeb 2026 - Apr 2026 |
Drawdown Indicators
| SPP1.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -51.62% | +19.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -7.57% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -23.99% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -23.99% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -0.37% | -0.43% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -9.08% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.04% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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