BRIC.AS vs. SWRD.MI
BRIC.AS (iShares BIC 50 UCITS ETF) and SWRD.MI (SPDR MSCI World UCITS ETF) are both exchange-traded funds - BRIC.AS is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index, while SWRD.MI is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, BRIC.AS returned -9.03%/yr vs 12.51%/yr for SWRD.MI. At a 0.42 correlation, their price movements are largely independent. BRIC.AS charges 0.74%/yr vs 0.12%/yr for SWRD.MI.
Performance
BRIC.AS vs. SWRD.MI - Performance Comparison
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Returns By Period
In the year-to-date period, BRIC.AS achieves a -16.10% return, which is significantly lower than SWRD.MI's 11.51% return.
BRIC.AS
- 1D
- -2.87%
- 1M
- -9.79%
- YTD
- -16.10%
- 6M
- -16.03%
- 1Y
- -11.96%
- 3Y*
- 3.10%
- 5Y*
- -9.03%
- 10Y*
- 2.05%
SWRD.MI
- 1D
- 0.00%
- 1M
- 1.26%
- YTD
- 11.51%
- 6M
- 11.88%
- 1Y
- 25.39%
- 3Y*
- 18.30%
- 5Y*
- 12.51%
- 10Y*
- —
BRIC.AS vs. SWRD.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | -16.10% | 15.29% | 19.91% | -10.17% | -24.74% | -17.47% | 9.83% | 10.73% |
SWRD.MI SPDR MSCI World UCITS ETF | 11.51% | 7.68% | 27.15% | 20.04% | -13.69% | 32.97% | 5.91% | 15.92% |
Correlation
The correlation between BRIC.AS and SWRD.MI is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.42 |
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Return for Risk
BRIC.AS vs. SWRD.MI — Risk / Return Rank
BRIC.AS
SWRD.MI
BRIC.AS vs. SWRD.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BIC 50 UCITS ETF (BRIC.AS) and SPDR MSCI World UCITS ETF (SWRD.MI). 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.
| BRIC.AS | SWRD.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.93 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.42 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.96 | -4.45 |
| Martin ratioReturn relative to average drawdown | -1.21 | 15.65 | -16.86 |
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Drawdowns
BRIC.AS vs. SWRD.MI - Drawdown Comparison
The maximum BRIC.AS drawdown since its inception was -73.80%, which is greater than SWRD.MI's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for BRIC.AS and SWRD.MI.
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Drawdown Indicators
| BRIC.AS | SWRD.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -33.74% | -40.06% |
Max Drawdown (1Y)Largest decline over 1 year | -24.22% | -6.47% | -17.75% |
Max Drawdown (3Y)Largest decline over 3 years | -24.22% | -21.46% | -2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -52.42% | -21.46% | -30.96% |
Max Drawdown (10Y)Largest decline over 10 years | -58.58% | — | — |
Current DrawdownCurrent decline from peak | -46.01% | -0.27% | -45.74% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -4.39% | -30.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.86% | 1.63% | +8.23% |
Volatility
BRIC.AS vs. SWRD.MI - Volatility Comparison
iShares BIC 50 UCITS ETF (BRIC.AS) has a higher volatility of 6.19% compared to SPDR MSCI World UCITS ETF (SWRD.MI) at 2.95%. This indicates that BRIC.AS's price experiences larger fluctuations and is considered to be riskier than SWRD.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRIC.AS | SWRD.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 2.95% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 8.02% | +5.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 11.33% | +7.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.95% | 14.20% | +14.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 16.39% | +9.20% |
BRIC.AS vs. SWRD.MI - Expense Ratio Comparison
BRIC.AS has a 0.74% expense ratio, which is higher than SWRD.MI's 0.12% expense ratio.
Dividends
BRIC.AS vs. SWRD.MI - Dividend Comparison
BRIC.AS's dividend yield for the trailing twelve months is around 1.74%, while SWRD.MI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIC.AS iShares BIC 50 UCITS ETF | 1.74% | 1.78% | 2.75% | 2.64% | 3.71% | 1.56% | 1.49% | 2.06% | 2.99% | 1.98% | 1.84% | 2.72% |
SWRD.MI SPDR MSCI World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BRIC.AS and SWRD.MI have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWRD.MI is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWRD.MI is cheaper with a 0.12% expense ratio, compared with 0.74% for BRIC.AS.
BRIC.AS is categorized as Emerging Markets Equities, while SWRD.MI is Global Equities. BRIC.AS tracks FTSE BIC 50 Net of Tax Index, while SWRD.MI tracks MSCI World Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.74% for BRIC.AS and 0.12% for SWRD.MI.
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