DAP.DE vs. IMID.L

Last updated Jun 5, 2026

DAP.DE (Danaher Corporation) is a stock, while IMID.L (SPDR MSCI ACWI IMI) is Global Equities fund tracking the MSCI ACWI NR USD. Over the past 5 years, DAP.DE returned -1.43%/yr vs 12.01%/yr for IMID.L. At a 0.44 correlation, their price movements are largely independent.

Performance

DAP.DE vs. IMID.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Danaher Corporation (DAP.DE) and SPDR MSCI ACWI IMI (IMID.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DAP.DE is traded in EUR, while IMID.L is traded in USD. To make them comparable, the IMID.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DAP.DE achieves a -17.55% return, which is significantly lower than IMID.L's 13.65% return.

DAP.DE

• 1D: 5.78%
• 1M: 8.15%
• YTD: -17.55%
• 6M: -17.54%
• 1Y: -3.87%
• 3Y*: -5.27%
• 5Y*: -1.43%
• 10Y*: 11.12%

IMID.L

• 1D: -0.09%
• 1M: 3.93%
• YTD: 13.65%
• 6M: 13.69%
• 1Y: 27.73%
• 3Y*: 17.62%
• 5Y*: 12.01%
• 10Y*: —

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

DAP.DE vs. IMID.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DAP.DE Danaher Corporation	-17.55%	-10.34%	4.81%	-4.13%	-13.25%	57.23%	33.92%	52.94%	3.73%
IMID.L SPDR MSCI ACWI IMI	13.65%	7.66%	23.99%	18.00%	-12.54%	26.66%	6.56%	28.18%	-9.27%

Correlation

The correlation between DAP.DE and IMID.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since May 30, 2018	0.44

Over the past year, the correlation between DAP.DE and IMID.L has dropped to 0.22 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.

Return for Risk

DAP.DE vs. IMID.L — Risk / Return Rank

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

DAP.DE

DAP.DE Risk / Return Rank: 32
DAP.DE Sharpe Ratio Rank: 33
DAP.DE Sortino Ratio Rank: 29
DAP.DE Omega Ratio Rank: 29
DAP.DE Calmar Ratio Rank: 36
DAP.DE Martin Ratio Rank: 35

IMID.L

IMID.L Risk / Return Rank: 75
IMID.L Sharpe Ratio Rank: 74
IMID.L Sortino Ratio Rank: 80
IMID.L Omega Ratio Rank: 75
IMID.L Calmar Ratio Rank: 70
IMID.L Martin Ratio Rank: 75

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.

DAP.DE vs. IMID.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Danaher Corporation (DAP.DE) and SPDR MSCI ACWI IMI (IMID.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.

	DAP.DE	IMID.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	2.20	-2.39
Sortino ratio: Return per unit of downside risk	-0.08	3.12	-3.20
Omega ratio: Gain probability vs. loss probability	0.99	1.41	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.16	4.43	-4.59
Martin ratio: Return relative to average drawdown	-0.39	16.59	-16.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAP.DE vs. IMID.L - Sharpe Ratio Comparison

The current DAP.DE Sharpe Ratio is -0.19, which is lower than the IMID.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of DAP.DE and IMID.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DAP.DE	IMID.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	2.20	-2.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.81	-0.86
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.57	-0.37

Drawdowns

DAP.DE vs. IMID.L - Drawdown Comparison

The maximum DAP.DE drawdown since its inception was -65.05%, which is greater than IMID.L's maximum drawdown of -41.43%. Use the drawdown chart below to compare losses from any high point for DAP.DE and IMID.L.

Drawdown Indicators

	DAP.DE	IMID.L	Difference
Max Drawdown Largest peak-to-trough decline	-65.05%	-41.43%	-23.62%
Max Drawdown (1Y) Largest decline over 1 year	-32.06%	-6.25%	-25.81%
Max Drawdown (3Y) Largest decline over 3 years	-45.32%	-20.76%	-24.56%
Max Drawdown (5Y) Largest decline over 5 years	-45.75%	-20.76%	-24.99%
Max Drawdown (10Y) Largest decline over 10 years	-45.75%	—	—
Current Drawdown Current decline from peak	-37.60%	-0.49%	-37.11%
Average Drawdown Average peak-to-trough decline	-24.76%	-4.64%	-20.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.32%	1.67%	+11.65%

Volatility

DAP.DE vs. IMID.L - Volatility Comparison

Danaher Corporation (DAP.DE) has a higher volatility of 10.29% compared to SPDR MSCI ACWI IMI (IMID.L) at 3.43%. This indicates that DAP.DE's price experiences larger fluctuations and is considered to be riskier than IMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAP.DE	IMID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.29%	3.43%	+6.86%
Volatility (6M) Calculated over the trailing 6-month period	19.09%	9.43%	+9.66%
Volatility (1Y) Calculated over the trailing 1-year period	27.84%	12.57%	+15.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.51%	14.81%	+11.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.43%	20.71%	+3.72%

Dividends

DAP.DE vs. IMID.L - Dividend Comparison

DAP.DE's dividend yield for the trailing twelve months is around 0.62%, while IMID.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAP.DE Danaher Corporation	0.62%	0.49%	0.39%	0.40%	0.37%	0.24%	0.33%	0.11%	0.14%	0.60%	0.67%	0.73%
IMID.L SPDR MSCI ACWI IMI	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

Can I hold both DAP.DE and IMID.L in my portfolio?

DAP.DE and IMID.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.