DIA.AS vs. SWRD.AS

Last updated Jun 4, 2026

DIA.AS (SPDR Dow Jones Industrial Average ETF Trust) and SWRD.AS (SPDR MSCI World UCITS ETF) are both exchange-traded funds - DIA.AS is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while SWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, DIA.AS returned 10.94%/yr vs 12.98%/yr for SWRD.AS. A 0.71 correlation means they provide meaningful diversification when combined. DIA.AS charges 0.16%/yr vs 0.12%/yr for SWRD.AS.

Performance

DIA.AS vs. SWRD.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) and SPDR MSCI World UCITS ETF (SWRD.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIA.AS achieves a 7.19% return, which is significantly lower than SWRD.AS's 11.10% return.

DIA.AS

• 1D: 1.09%
• 1M: 4.34%
• YTD: 7.19%
• 6M: 7.57%
• 1Y: 20.20%
• 3Y*: 13.70%
• 5Y*: 10.94%
• 10Y*: 13.06%

SWRD.AS

• 1D: -0.29%
• 1M: 5.59%
• YTD: 11.10%
• 6M: 11.67%
• 1Y: 23.98%
• 3Y*: 17.79%
• 5Y*: 12.98%
• 10Y*: —

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

DIA.AS vs. SWRD.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DIA.AS SPDR Dow Jones Industrial Average ETF Trust	7.19%	2.13%	22.48%	11.53%	-1.09%	31.76%	-0.04%	12.89%
SWRD.AS SPDR MSCI World UCITS ETF	11.10%	7.29%	27.33%	20.14%	-13.35%	32.60%	6.05%	15.56%

Correlation

The correlation between DIA.AS and SWRD.AS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019	0.71

Over the past year, the correlation between DIA.AS and SWRD.AS has dropped to 0.23 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

DIA.AS vs. SWRD.AS — Risk / Return Rank

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

DIA.AS

DIA.AS Risk / Return Rank: 77
DIA.AS Sharpe Ratio Rank: 66
DIA.AS Sortino Ratio Rank: 82
DIA.AS Omega Ratio Rank: 98
DIA.AS Calmar Ratio Rank: 70
DIA.AS Martin Ratio Rank: 67

SWRD.AS

SWRD.AS Risk / Return Rank: 68
SWRD.AS Sharpe Ratio Rank: 63
SWRD.AS Sortino Ratio Rank: 63
SWRD.AS Omega Ratio Rank: 66
SWRD.AS Calmar Ratio Rank: 72
SWRD.AS Martin Ratio Rank: 76

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.

DIA.AS vs. SWRD.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) 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.

	DIA.AS	SWRD.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.15	+0.05
Sortino ratio: Return per unit of downside risk	3.74	3.01	+0.73
Omega ratio: Gain probability vs. loss probability	2.12	1.41	+0.71
Calmar ratio: Return relative to maximum drawdown	3.49	3.65	-0.16
Martin ratio: Return relative to average drawdown	12.35	14.76	-2.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIA.AS vs. SWRD.AS - Sharpe Ratio Comparison

The current DIA.AS Sharpe Ratio is 2.20, which is comparable to the SWRD.AS Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of DIA.AS and SWRD.AS, 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

	DIA.AS	SWRD.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	2.15	+0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.91	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.85	-0.75

Drawdowns

DIA.AS vs. SWRD.AS - Drawdown Comparison

The maximum DIA.AS drawdown since its inception was -59.02%, which is greater than SWRD.AS's maximum drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for DIA.AS and SWRD.AS.

Drawdown Indicators

	DIA.AS	SWRD.AS	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-33.61%	-25.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.71%	-6.49%	+0.78%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-21.51%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-21.51%	+0.44%
Max Drawdown (10Y) Largest decline over 10 years	-36.08%	—	—
Current Drawdown Current decline from peak	0.00%	-0.29%	+0.29%
Average Drawdown Average peak-to-trough decline	-11.92%	-4.42%	-7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	1.61%	+0.01%

Volatility

DIA.AS vs. SWRD.AS - Volatility Comparison

The current volatility for SPDR Dow Jones Industrial Average ETF Trust (DIA.AS) is 2.35%, while SPDR MSCI World UCITS ETF (SWRD.AS) has a volatility of 2.79%. This indicates that DIA.AS experiences smaller price fluctuations and is considered to be less risky than SWRD.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIA.AS	SWRD.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.79%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	7.65%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	9.05%	11.06%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	14.06%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.04%	16.01%	+1.03%

DIA.AS vs. SWRD.AS - Expense Ratio Comparison

DIA.AS has a 0.16% 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%.

Dividends

DIA.AS vs. SWRD.AS - Dividend Comparison

DIA.AS's dividend yield for the trailing twelve months is around 1.37%, while SWRD.AS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIA.AS SPDR Dow Jones Industrial Average ETF Trust	1.37%	1.47%	1.55%	1.85%	1.93%	1.52%	2.03%	2.10%	2.18%	2.08%	2.16%	2.51%
SWRD.AS 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

Can I hold both DIA.AS and SWRD.AS in my portfolio?

DIA.AS and SWRD.AS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DIA.AS or SWRD.AS?

On fees, SWRD.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DIA.AS or SWRD.AS?

SWRD.AS is cheaper with a 0.12% expense ratio, compared with 0.16% for DIA.AS.

What is the main difference between DIA.AS and SWRD.AS?

DIA.AS is categorized as Large Cap Value Equities, while SWRD.AS is Global Equities. DIA.AS tracks Russell 1000 Value TR USD, while SWRD.AS tracks MSCI ACWI NR USD. Their fees differ too: 0.16% for DIA.AS and 0.12% for SWRD.AS.