GLAD.L vs. SWRD.L
Compare and contrast key facts about SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) and SPDR MSCI World UCITS ETF (SWRD.L).
GLAD.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. GLAD.L is a passively managed fund by State Street that tracks the performance of the Bloomberg Global Aggregate TR Hdg USD. It was launched on Oct 9, 2019. 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 GLAD.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLAD.L or SWRD.L.
Key characteristics
| GLAD.L | SWRD.L | |
|---|---|---|
| YTD Return | 2.56% | 20.72% |
| 1Y Return | 7.57% | 33.28% |
| 3Y Return (Ann) | -1.11% | 7.17% |
| 5Y Return (Ann) | 0.23% | 12.71% |
| Sharpe Ratio | 1.77 | 2.83 |
| Sortino Ratio | 2.74 | 3.95 |
| Omega Ratio | 1.33 | 1.52 |
| Calmar Ratio | 0.66 | 3.97 |
| Martin Ratio | 8.17 | 18.55 |
| Ulcer Index | 0.94% | 1.76% |
| Daily Std Dev | 4.31% | 11.47% |
| Max Drawdown | -15.20% | -34.10% |
| Current Drawdown | -4.46% | 0.00% |
Correlation
The correlation between GLAD.L and SWRD.L is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GLAD.L vs. SWRD.L - Performance Comparison
In the year-to-date period, GLAD.L achieves a 2.56% return, which is significantly lower than SWRD.L's 20.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLAD.L vs. SWRD.L - Expense Ratio Comparison
GLAD.L has a 0.10% expense ratio, which is lower than SWRD.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GLAD.L vs. SWRD.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.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.
Dividends
GLAD.L vs. SWRD.L - Dividend Comparison
Neither GLAD.L nor SWRD.L has paid dividends to shareholders.
Drawdowns
GLAD.L vs. SWRD.L - Drawdown Comparison
The maximum GLAD.L drawdown since its inception was -15.20%, smaller than the maximum SWRD.L drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for GLAD.L and SWRD.L. For additional features, visit the drawdowns tool.
Volatility
GLAD.L vs. SWRD.L - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (Acc) (GLAD.L) is 0.90%, while SPDR MSCI World UCITS ETF (SWRD.L) has a volatility of 3.10%. This indicates that GLAD.L experiences smaller price fluctuations and is considered to be less risky than SWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.