CSTP.L vs. SWLD.L
CSTP.L (State Street SPDR MSCI Europe Consumer Staples UCITS ETF) and SWLD.L (State Street SPDR MSCI World UCITS ETF) are both exchange-traded funds - CSTP.L is a Consumer Staples Equities fund tracking the MSCI Europe Consumer Staples 35/20 Capped Index, while SWLD.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, CSTP.L returned 1.70%/yr vs 12.53%/yr for SWLD.L. At a 0.42 correlation, their price movements are largely independent. CSTP.L charges 0.18%/yr vs 0.12%/yr for SWLD.L.
Performance
CSTP.L vs. SWLD.L - Performance Comparison
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Different Trading Currencies
CSTP.L is traded in EUR, while SWLD.L is traded in GBP. To make them comparable, the SWLD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSTP.L achieves a 5.36% return, which is significantly lower than SWLD.L's 13.20% return.
CSTP.L
- 1D
- -0.25%
- 1M
- 2.98%
- 6M
- 4.61%
- YTD
- 5.36%
- 1Y
- 8.01%
- 3Y*
- 2.42%
- 5Y*
- 1.70%
- 10Y*
- 3.40%
SWLD.L
- 1D
- 0.03%
- 1M
- 1.68%
- 6M
- 11.15%
- YTD
- 13.20%
- 1Y
- 23.95%
- 3Y*
- 18.34%
- 5Y*
- 12.53%
- 10Y*
- —
CSTP.L vs. SWLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CSTP.L State Street SPDR MSCI Europe Consumer Staples UCITS ETF | 5.36% | 7.15% | -2.37% | 0.68% | -7.88% | 20.24% | -3.25% | 13.39% |
SWLD.L State Street SPDR MSCI World UCITS ETF | 13.20% | 6.95% | 27.05% | 20.18% | -12.80% | 31.70% | 5.91% | -11.78% |
Correlation
The correlation between CSTP.L and SWLD.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019 | 0.42 |
Over the past year, the correlation between CSTP.L and SWLD.L has dropped to 0.02 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
CSTP.L vs. SWLD.L — Risk / Return Rank
CSTP.L
SWLD.L
CSTP.L vs. SWLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Europe Consumer Staples UCITS ETF (CSTP.L) and State Street SPDR MSCI World UCITS ETF (SWLD.L). 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.
| CSTP.L | SWLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.41 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 3.68 | -3.05 |
| Martin ratioReturn relative to average drawdown | 1.35 | 14.95 | -13.59 |
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Drawdowns
CSTP.L vs. SWLD.L - Drawdown Comparison
The maximum CSTP.L drawdown since its inception was -25.28%, smaller than the maximum SWLD.L drawdown of -37.21%. Use the drawdown chart below to compare losses from any high point for CSTP.L and SWLD.L.
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Drawdown Indicators
| CSTP.L | SWLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -37.21% | +11.93% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -6.48% | -6.10% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -21.05% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | -14.78% | -21.05% | +6.27% |
Max Drawdown (10Y)Largest decline over 10 years | -25.28% | — | — |
Current DrawdownCurrent decline from peak | -4.79% | -0.05% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -8.00% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 1.60% | +4.29% |
Volatility
CSTP.L vs. SWLD.L - Volatility Comparison
State Street SPDR MSCI Europe Consumer Staples UCITS ETF (CSTP.L) has a higher volatility of 5.16% compared to State Street SPDR MSCI World UCITS ETF (SWLD.L) at 2.47%. This indicates that CSTP.L's price experiences larger fluctuations and is considered to be riskier than SWLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSTP.L | SWLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 2.47% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 7.86% | +3.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 10.95% | +2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 19.68% | -7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 21.66% | -8.39% |
CSTP.L vs. SWLD.L - Expense Ratio Comparison
CSTP.L has a 0.18% expense ratio, which is higher than SWLD.L'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%.
Dividends
CSTP.L vs. SWLD.L - Dividend Comparison
Neither CSTP.L nor SWLD.L has paid dividends to shareholders.
Frequently Asked Questions
CSTP.L and SWLD.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWLD.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWLD.L is cheaper with a 0.12% expense ratio, compared with 0.18% for CSTP.L.
CSTP.L is categorized as Consumer Staples Equities, while SWLD.L is Global Equities. CSTP.L tracks MSCI Europe Consumer Staples 35/20 Capped Index, while SWLD.L tracks MSCI World Index. Their fees differ too: 0.18% for CSTP.L and 0.12% for SWLD.L.
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