AVWC.DE vs. SWRD.AS

Last updated Apr 1, 2026

Compare and contrast key facts about Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.DE) and SPDR MSCI World UCITS ETF (SWRD.AS).

AVWC.DE and SWRD.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVWC.DE is an actively managed fund by Avantis. It was launched on Sep 25, 2024. SWRD.AS is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on Feb 28, 2019.

Performance

AVWC.DE vs. SWRD.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.DE) and SPDR MSCI World UCITS ETF (SWRD.AS). The values are adjusted to include any dividend payments, if applicable.

AVWC.DE vs. SWRD.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVWC.DE Avantis Global Equity UCITS ETF USD Acc EUR	0.64%	9.08%	6.46%
SWRD.AS SPDR MSCI World UCITS ETF	-3.20%	7.29%	7.84%

Returns By Period

In the year-to-date period, AVWC.DE achieves a 0.64% return, which is significantly higher than SWRD.AS's -3.20% return.

AVWC.DE

• 1D: 0.02%
• 1M: -4.80%
• YTD: 0.64%
• 6M: 5.75%
• 1Y: 15.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWRD.AS

• 1D: -0.15%
• 1M: -4.92%
• YTD: -3.20%
• 6M: 0.79%
• 1Y: 11.28%
• 3Y*: 14.41%
• 5Y*: 10.48%
• 10Y*: —

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

AVWC.DE vs. SWRD.AS - Expense Ratio Comparison

AVWC.DE has a 0.22% expense ratio, which is higher than SWRD.AS's 0.12% 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%.

AVWC.DE

Avantis Global Equity UCITS ETF USD Acc EUR

SWRD.AS

SPDR MSCI World UCITS ETF

Return for Risk

AVWC.DE vs. SWRD.AS — Risk / Return Rank

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

AVWC.DE

AVWC.DE Risk / Return Rank: 53
AVWC.DE Sharpe Ratio Rank: 57
AVWC.DE Sortino Ratio Rank: 52
AVWC.DE Omega Ratio Rank: 59
AVWC.DE Calmar Ratio Rank: 42
AVWC.DE Martin Ratio Rank: 54

SWRD.AS

SWRD.AS Risk / Return Rank: 58
SWRD.AS Sharpe Ratio Rank: 41
SWRD.AS Sortino Ratio Rank: 39
SWRD.AS Omega Ratio Rank: 42
SWRD.AS Calmar Ratio Rank: 85
SWRD.AS Martin Ratio Rank: 85

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.

AVWC.DE vs. SWRD.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.DE) and SPDR MSCI World UCITS ETF (SWRD.AS). 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.

	AVWC.DE	SWRD.AS	Difference
Sharpe ratio Return per unit of total volatility	0.99	0.71	+0.29
Sortino ratio Return per unit of downside risk	1.37	1.03	+0.34
Omega ratio Gain probability vs. loss probability	1.22	1.16	+0.06
Calmar ratio Return relative to maximum drawdown	1.07	2.39	-1.33
Martin ratio Return relative to average drawdown	5.16	9.47	-4.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVWC.DE vs. SWRD.AS - Sharpe Ratio Comparison

The current AVWC.DE Sharpe Ratio is 0.99, which is higher than the SWRD.AS Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of AVWC.DE and SWRD.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AVWC.DE	SWRD.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	0.71	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.74	-0.01

Correlation

The correlation between AVWC.DE and SWRD.AS is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AVWC.DE vs. SWRD.AS - Dividend Comparison

Neither AVWC.DE nor SWRD.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

AVWC.DE vs. SWRD.AS - Drawdown Comparison

The maximum AVWC.DE drawdown since its inception was -21.65%, smaller than the maximum SWRD.AS drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for AVWC.DE and SWRD.AS.

Drawdown Indicators

	AVWC.DE	SWRD.AS	Difference
Max Drawdown Largest peak-to-trough decline	-21.65%	-33.61%	+11.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.82%	-13.25%	-0.57%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.51%	—
Current Drawdown Current decline from peak	-5.31%	-6.00%	+0.69%
Average Drawdown Average peak-to-trough decline	-3.64%	-4.51%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	1.64%	+1.21%

Volatility

AVWC.DE vs. SWRD.AS - Volatility Comparison

Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.DE) and SPDR MSCI World UCITS ETF (SWRD.AS) have volatilities of 3.91% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVWC.DE	SWRD.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.91%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	8.10%	8.14%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.93%	15.81%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	14.04%	+1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.24%	16.10%	-0.86%