FPX.L vs. SWRD.L
Compare and contrast key facts about First Trust US IPO Index UCITS ETF (FPX.L) and SPDR MSCI World UCITS ETF (SWRD.L).
FPX.L and SWRD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FPX.L is a passively managed fund by First Trust that tracks the performance of the Russell 1000 Growth TR USD. It was launched on Aug 14, 2015. SWRD.L is a passively managed fund by State Street that tracks the performance of the MSCI World Index. It was launched on Feb 28, 2019. Both FPX.L and SWRD.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
FPX.L vs. SWRD.L - Performance Comparison
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FPX.L vs. SWRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FPX.L First Trust US IPO Index UCITS ETF | -0.74% | 26.94% | 27.09% | 16.75% | -27.92% | 3.98% | 43.83% | 11.76% |
SWRD.L SPDR MSCI World UCITS ETF | -0.65% | 12.46% | 21.34% | 18.20% | -8.04% | 23.27% | 12.48% | 13.94% |
Different Trading Currencies
FPX.L is traded in GBp, while SWRD.L is traded in USD. To make them comparable, the SWRD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FPX.L achieves a -0.74% return, which is significantly higher than SWRD.L's -3.14% return.
FPX.L
- 1D
- 3.85%
- 1M
- -1.99%
- YTD
- -0.74%
- 6M
- -0.84%
- 1Y
- 39.63%
- 3Y*
- 21.50%
- 5Y*
- 7.00%
- 10Y*
- —
SWRD.L
- 1D
- 0.00%
- 1M
- -5.03%
- YTD
- -3.14%
- 6M
- 0.35%
- 1Y
- 14.65%
- 3Y*
- 14.03%
- 5Y*
- 11.03%
- 10Y*
- —
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FPX.L vs. SWRD.L - Expense Ratio Comparison
FPX.L has a 0.65% expense ratio, which is higher than SWRD.L's 0.12% expense ratio.
Return for Risk
FPX.L vs. SWRD.L — Risk / Return Rank
FPX.L
SWRD.L
FPX.L vs. SWRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US IPO Index UCITS ETF (FPX.L) and SPDR MSCI World UCITS ETF (SWRD.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.
| FPX.L | SWRD.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 1.00 | +0.45 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.41 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.20 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 2.28 | +0.78 |
Martin ratioReturn relative to average drawdown | 9.67 | 8.03 | +1.65 |
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
| FPX.L | SWRD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | 1.00 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.77 | -0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.74 | -0.02 |
Correlation
The correlation between FPX.L and SWRD.L is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FPX.L vs. SWRD.L - Dividend Comparison
Neither FPX.L nor SWRD.L has paid dividends to shareholders.
Drawdowns
FPX.L vs. SWRD.L - Drawdown Comparison
The maximum FPX.L drawdown since its inception was -36.97%, which is greater than SWRD.L's maximum drawdown of -26.90%. Use the drawdown chart below to compare losses from any high point for FPX.L and SWRD.L.
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Drawdown Indicators
| FPX.L | SWRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -34.10% | -2.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -11.47% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -36.97% | -25.54% | -11.43% |
Current DrawdownCurrent decline from peak | -5.31% | -5.12% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -12.23% | -5.11% | -7.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.11% | +1.74% |
Volatility
FPX.L vs. SWRD.L - Volatility Comparison
First Trust US IPO Index UCITS ETF (FPX.L) has a higher volatility of 6.77% compared to SPDR MSCI World UCITS ETF (SWRD.L) at 4.73%. This indicates that FPX.L's price experiences larger fluctuations and is considered to be riskier than SWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPX.L | SWRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 4.73% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 8.72% | +9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.39% | 14.70% | +12.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.79% | 14.31% | +11.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.67% | 16.47% | +9.20% |