ERO.L vs. SWLD.L
Compare and contrast key facts about SPDR MSCI Europe UCITS ETF (ERO.L) and SPDR MSCI World UCITS ETF (SWLD.L).
ERO.L and SWLD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERO.L is a passively managed fund by State Street that tracks the performance of the MSCI Europe NR EUR. It was launched on Dec 5, 2014. SWLD.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on Feb 28, 2019. Both ERO.L and SWLD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ERO.L vs. SWLD.L - Performance Comparison
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ERO.L vs. SWLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ERO.L SPDR MSCI Europe UCITS ETF | 1.23% | 25.68% | 3.93% | 13.00% | -3.77% | 16.91% | 2.21% | 12.38% |
SWLD.L SPDR MSCI World UCITS ETF | -1.21% | 12.85% | 21.19% | 17.70% | -8.06% | 23.66% | 12.00% | 14.48% |
Returns By Period
In the year-to-date period, ERO.L achieves a 1.23% return, which is significantly higher than SWLD.L's -1.21% return.
ERO.L
- 1D
- 2.22%
- 1M
- -4.43%
- YTD
- 1.23%
- 6M
- 6.46%
- 1Y
- 17.81%
- 3Y*
- 11.66%
- 5Y*
- 10.26%
- 10Y*
- 9.83%
SWLD.L
- 1D
- -24.58%
- 1M
- -1.73%
- YTD
- -1.21%
- 6M
- 1.85%
- 1Y
- 17.02%
- 3Y*
- 14.82%
- 5Y*
- 11.50%
- 10Y*
- —
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ERO.L vs. SWLD.L - Expense Ratio Comparison
ERO.L has a 0.25% 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%.
Return for Risk
ERO.L vs. SWLD.L — Risk / Return Rank
ERO.L
SWLD.L
ERO.L vs. SWLD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (ERO.L) and 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.
| ERO.L | SWLD.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 0.38 | +0.90 |
Sortino ratioReturn per unit of downside risk | 1.69 | 0.96 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.71 | 0.91 | +0.80 |
Martin ratioReturn relative to average drawdown | 6.55 | 9.90 | -3.36 |
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
| ERO.L | SWLD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 0.38 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.49 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.57 | +0.01 |
Correlation
The correlation between ERO.L and SWLD.L is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ERO.L vs. SWLD.L - Dividend Comparison
Neither ERO.L nor SWLD.L has paid dividends to shareholders.
Drawdowns
ERO.L vs. SWLD.L - Drawdown Comparison
The maximum ERO.L drawdown since its inception was -28.41%, which is greater than SWLD.L's maximum drawdown of -25.85%. Use the drawdown chart below to compare losses from any high point for ERO.L and SWLD.L.
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Drawdown Indicators
| ERO.L | SWLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.41% | -25.85% | -2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -24.58% | +13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.76% | -24.58% | +8.82% |
Max Drawdown (10Y)Largest decline over 10 years | -28.41% | — | — |
Current DrawdownCurrent decline from peak | -6.45% | -24.58% | +18.13% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -3.24% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.25% | +0.55% |
Volatility
ERO.L vs. SWLD.L - Volatility Comparison
The current volatility for SPDR MSCI Europe UCITS ETF (ERO.L) is 5.83%, while SPDR MSCI World UCITS ETF (SWLD.L) has a volatility of 42.50%. This indicates that ERO.L experiences smaller price fluctuations and is considered to be less risky 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
| ERO.L | SWLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 42.50% | -36.67% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 42.23% | -32.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 45.15% | -31.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 23.33% | -9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 22.27% | -7.41% |