IWDE.L vs. SPXS.L
IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) and SPXS.L (Invesco S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IWDE.L is a Global Equities fund tracking the MSCI World 100% Hedged to EUR Index, while SPXS.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IWDE.L returned 11.07%/yr vs -27.62%/yr for SPXS.L. A 0.80 correlation means they provide meaningful diversification when combined. IWDE.L charges 0.55%/yr vs 0.05%/yr for SPXS.L.
Performance
IWDE.L vs. SPXS.L - Performance Comparison
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Different Trading Currencies
IWDE.L is traded in EUR, while SPXS.L is traded in USD. To make them comparable, the SPXS.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDE.L achieves a 9.63% return, which is significantly lower than SPXS.L's 13.31% return. Over the past 10 years, IWDE.L has outperformed SPXS.L with an annualized return of 11.07%, while SPXS.L has yielded a comparatively lower -27.62% annualized return.
IWDE.L
- 1D
- 0.02%
- 1M
- 0.51%
- 6M
- 7.50%
- YTD
- 9.63%
- 1Y
- 21.01%
- 3Y*
- 17.17%
- 5Y*
- 10.22%
- 10Y*
- 11.07%
SPXS.L
- 1D
- 0.22%
- 1M
- 1.75%
- 6M
- 10.70%
- YTD
- 13.31%
- 1Y
- -98.75%
- 3Y*
- -74.25%
- 5Y*
- -54.64%
- 10Y*
- -27.62%
IWDE.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc) | 9.63% | 16.39% | 19.76% | 21.13% | -18.36% | 23.42% | 11.49% | 23.65% | -10.06% | 16.85% |
SPXS.L Invesco S&P 500 UCITS ETF USD (Acc) | 13.31% | -98.96% | 33.85% | 23.19% | -13.48% | 39.34% | 8.17% | 33.82% | -0.74% | 6.68% |
Correlation
The correlation between IWDE.L and SPXS.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.80 |
The correlation between IWDE.L and SPXS.L has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
IWDE.L vs. SPXS.L — Risk / Return Rank
IWDE.L
SPXS.L
IWDE.L vs. SPXS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWDE.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.41 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.53 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | -1.00 | +3.67 |
| Martin ratioReturn relative to average drawdown | 11.18 | -1.23 | +12.40 |
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Drawdowns
IWDE.L vs. SPXS.L - Drawdown Comparison
The maximum IWDE.L drawdown since its inception was -33.32%, smaller than the maximum SPXS.L drawdown of -99.06%. Use the drawdown chart below to compare losses from any high point for IWDE.L and SPXS.L.
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Drawdown Indicators
| IWDE.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.32% | -99.06% | +65.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -99.06% | +91.24% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -99.06% | +81.56% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -99.06% | +75.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.32% | -99.06% | +65.74% |
Current DrawdownCurrent decline from peak | 0.00% | -98.88% | +98.88% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -8.11% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 80.58% | -78.70% |
Volatility
IWDE.L vs. SPXS.L - Volatility Comparison
iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and Invesco S&P 500 UCITS ETF USD (Acc) (SPXS.L) have volatilities of 2.67% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDE.L | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.73% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 9.18% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 99.51% | -87.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 47.12% | -32.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 35.50% | -20.24% |
IWDE.L vs. SPXS.L - Expense Ratio Comparison
IWDE.L has a 0.55% expense ratio, which is higher than SPXS.L's 0.05% expense ratio.
Dividends
IWDE.L vs. SPXS.L - Dividend Comparison
Neither IWDE.L nor SPXS.L has paid dividends to shareholders.
Frequently Asked Questions
IWDE.L and SPXS.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.55% for IWDE.L.
IWDE.L is categorized as Global Equities, while SPXS.L is S&P 500. IWDE.L tracks MSCI World 100% Hedged to EUR Index, while SPXS.L tracks S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IWDE.L and 0.05% for SPXS.L.
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