IMEU.AS vs. SPPW.DE
IMEU.AS (iShares Core MSCI Europe UCITS ETF EUR (Dist)) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - IMEU.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, IMEU.AS returned 9.85%/yr vs 13.15%/yr for SPPW.DE. Their correlation of 0.80 suggests significant overlap in exposure. IMEU.AS charges 1.00%/yr vs 0.12%/yr for SPPW.DE.
Performance
IMEU.AS vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IMEU.AS achieves a 6.89% return, which is significantly lower than SPPW.DE's 11.19% return.
IMEU.AS
- 1D
- -0.67%
- 1M
- 3.83%
- YTD
- 6.89%
- 6M
- 9.70%
- 1Y
- 16.16%
- 3Y*
- 13.32%
- 5Y*
- 9.85%
- 10Y*
- 9.15%
SPPW.DE
- 1D
- 0.42%
- 1M
- 5.95%
- YTD
- 11.19%
- 6M
- 12.01%
- 1Y
- 24.32%
- 3Y*
- 17.92%
- 5Y*
- 13.15%
- 10Y*
- —
IMEU.AS vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 6.89% | 19.89% | 8.97% | 15.72% | -9.15% | 25.73% | -3.22% | 13.87% |
SPPW.DE SPDR MSCI World UCITS ETF | 11.19% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between IMEU.AS and SPPW.DE is 0.75, 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 | 0.75 |
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 4, 2019 | 0.80 |
The correlation between IMEU.AS and SPPW.DE has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
IMEU.AS vs. SPPW.DE — Risk / Return Rank
IMEU.AS
SPPW.DE
IMEU.AS vs. SPPW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) and SPDR MSCI World UCITS ETF (SPPW.DE). 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.
| IMEU.AS | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 3.96 | -2.28 |
| Martin ratioReturn relative to average drawdown | 6.32 | 15.87 | -9.55 |
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
| IMEU.AS | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.32 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.92 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.86 | -0.56 |
Drawdowns
IMEU.AS vs. SPPW.DE - Drawdown Comparison
The maximum IMEU.AS drawdown since its inception was -57.85%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for IMEU.AS and SPPW.DE.
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Drawdown Indicators
| IMEU.AS | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.85% | -33.69% | -24.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.49% | -6.51% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -21.62% | +5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.26% | -21.62% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -35.73% | — | — |
Current DrawdownCurrent decline from peak | -2.22% | 0.00% | -2.22% |
Average DrawdownAverage peak-to-trough decline | -11.91% | -4.44% | -7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 1.62% | +0.91% |
Volatility
IMEU.AS vs. SPPW.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Dist) (IMEU.AS) has a higher volatility of 4.89% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.69%. This indicates that IMEU.AS's price experiences larger fluctuations and is considered to be riskier than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMEU.AS | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.69% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.53% | 7.61% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 11.12% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 14.06% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 16.08% | -0.53% |
IMEU.AS vs. SPPW.DE - Expense Ratio Comparison
IMEU.AS has a 1.00% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio.
Dividends
IMEU.AS vs. SPPW.DE - Dividend Comparison
IMEU.AS's dividend yield for the trailing twelve months is around 2.55%, while SPPW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMEU.AS iShares Core MSCI Europe UCITS ETF EUR (Dist) | 2.55% | 2.55% | 2.87% | 2.88% | 2.93% | 2.25% | 2.08% | 3.06% | 3.23% | 2.64% | 2.85% | 2.67% |
SPPW.DE 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
IMEU.AS and SPPW.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 1.00% for IMEU.AS.
IMEU.AS is categorized as Europe Equities, while SPPW.DE is Global Equities. IMEU.AS tracks MSCI Europe NR EUR, while SPPW.DE tracks MSCI World. They also come from different issuers: iShares and State Street. Their fees differ too: 1.00% for IMEU.AS and 0.12% for SPPW.DE.
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