ECAR.L vs. SWRD.AS
ECAR.L (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) and SWRD.AS (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ECAR.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while SWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, ECAR.L returned 12.46%/yr vs 11.92%/yr for SWRD.AS. A 0.78 correlation means they provide meaningful diversification when combined. ECAR.L charges 0.40%/yr vs 0.12%/yr for SWRD.AS.
Performance
ECAR.L vs. SWRD.AS - Performance Comparison
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Different Trading Currencies
ECAR.L is traded in USD, while SWRD.AS is traded in EUR. To make them comparable, the SWRD.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ECAR.L achieves a 57.85% return, which is significantly higher than SWRD.AS's 9.79% return.
ECAR.L
- 1D
- -1.93%
- 1M
- 20.58%
- YTD
- 57.85%
- 6M
- 59.03%
- 1Y
- 91.94%
- 3Y*
- 27.13%
- 5Y*
- 12.46%
- 10Y*
- —
SWRD.AS
- 1D
- 0.08%
- 1M
- 4.08%
- YTD
- 9.79%
- 6M
- 11.08%
- 1Y
- 26.03%
- 3Y*
- 20.89%
- 5Y*
- 11.92%
- 10Y*
- —
ECAR.L vs. SWRD.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ECAR.L iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 57.85% | 24.33% | -0.93% | 27.09% | -27.28% | 16.16% | 33.68% | 4.66% |
SWRD.AS SPDR MSCI World UCITS ETF | 9.79% | 21.71% | 19.46% | 23.93% | -18.56% | 23.56% | 15.43% | 14.37% |
Correlation
The correlation between ECAR.L and SWRD.AS is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.78 |
The correlation between ECAR.L and SWRD.AS has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
ECAR.L vs. SWRD.AS — Risk / Return Rank
ECAR.L
SWRD.AS
ECAR.L vs. SWRD.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) 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.
| ECAR.L | SWRD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.40 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 7.02 | 3.03 | +3.99 |
| Martin ratioReturn relative to average drawdown | 21.74 | 13.22 | +8.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECAR.L | SWRD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.53 | 2.21 | +1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.76 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.82 | -0.20 |
Drawdowns
ECAR.L vs. SWRD.AS - Drawdown Comparison
The maximum ECAR.L drawdown since its inception was -42.77%, which is greater than SWRD.AS's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for ECAR.L and SWRD.AS.
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Drawdown Indicators
| ECAR.L | SWRD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.77% | -34.09% | -8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -8.48% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -29.34% | -17.76% | -11.58% |
Max Drawdown (5Y)Largest decline over 5 years | -36.21% | -25.68% | -10.53% |
Current DrawdownCurrent decline from peak | -1.93% | -0.50% | -1.43% |
Average DrawdownAverage peak-to-trough decline | -11.56% | -5.04% | -6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 1.96% | +2.25% |
Volatility
ECAR.L vs. SWRD.AS - Volatility Comparison
iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a higher volatility of 12.68% compared to SPDR MSCI World UCITS ETF (SWRD.AS) at 2.96%. This indicates that ECAR.L's price experiences larger fluctuations and is considered to be riskier than SWRD.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECAR.L | SWRD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.68% | 2.96% | +9.72% |
Volatility (6M)Calculated over the trailing 6-month period | 21.36% | 8.62% | +12.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.91% | 11.62% | +14.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.72% | 15.44% | +9.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.69% | 17.05% | +8.64% |
ECAR.L vs. SWRD.AS - Expense Ratio Comparison
ECAR.L has a 0.40% expense ratio, which is higher than SWRD.AS's 0.12% expense ratio.
Dividends
ECAR.L vs. SWRD.AS - Dividend Comparison
Neither ECAR.L nor SWRD.AS has paid dividends to shareholders.
Frequently Asked Questions
ECAR.L and SWRD.AS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SWRD.AS is cheaper with a 0.12% expense ratio, compared with 0.40% for ECAR.L.
ECAR.L is categorized as Technology Equities, while SWRD.AS is Global Equities. ECAR.L tracks MSCI World/Information Tech NR USD, while SWRD.AS tracks MSCI ACWI NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for ECAR.L and 0.12% for SWRD.AS.
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