LUTR.L vs. ACWI.L
LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and ACWI.L (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - LUTR.L is a Government Bonds fund tracking the Bloomberg US Treasury 10+ Year Index, while ACWI.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, LUTR.L returned -0.95%/yr vs 12.67%/yr for ACWI.L. At a correlation of -0.10, they often move in opposite directions. LUTR.L charges 0.15%/yr vs 0.40%/yr for ACWI.L.
Performance
LUTR.L vs. ACWI.L - Performance Comparison
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Different Trading Currencies
LUTR.L is traded in USD, while ACWI.L is traded in GBP. To make them comparable, the ACWI.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LUTR.L achieves a -0.85% return, which is significantly lower than ACWI.L's 11.55% return. Over the past 10 years, LUTR.L has underperformed ACWI.L with an annualized return of -0.95%, while ACWI.L has yielded a comparatively higher 12.67% annualized return.
LUTR.L
- 1D
- 0.35%
- 1M
- 0.66%
- YTD
- -0.85%
- 6M
- -0.90%
- 1Y
- 4.34%
- 3Y*
- -0.60%
- 5Y*
- -5.20%
- 10Y*
- -0.95%
ACWI.L
- 1D
- 0.01%
- 1M
- 4.40%
- YTD
- 11.55%
- 6M
- 13.16%
- 1Y
- 29.03%
- 3Y*
- 21.18%
- 5Y*
- 11.34%
- 10Y*
- 12.67%
LUTR.L vs. ACWI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | -0.85% | 5.48% | -5.76% | 2.50% | -28.88% | -4.85% | 16.61% | 16.93% | -1.71% | 8.58% |
ACWI.L SPDR MSCI ACWI UCITS ETF | 11.55% | 22.95% | 17.67% | 21.68% | -18.36% | 19.19% | 15.32% | 26.81% | -9.98% | 23.68% |
Correlation
The correlation between LUTR.L and ACWI.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016 | -0.10 |
The correlation between LUTR.L and ACWI.L shifts across timeframes, from -0.10 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
LUTR.L vs. ACWI.L — Risk / Return Rank
LUTR.L
ACWI.L
LUTR.L vs. ACWI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) and SPDR MSCI ACWI UCITS ETF (ACWI.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.
| LUTR.L | ACWI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.44 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.18 | -2.56 |
| Martin ratioReturn relative to average drawdown | 1.65 | 13.81 | -12.16 |
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
| LUTR.L | ACWI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 2.44 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.37 | 0.74 | -1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.81 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.66 | -0.71 |
Drawdowns
LUTR.L vs. ACWI.L - Drawdown Comparison
The maximum LUTR.L drawdown since its inception was -46.52%, which is greater than ACWI.L's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for LUTR.L and ACWI.L.
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Drawdown Indicators
| LUTR.L | ACWI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.52% | -33.59% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -9.09% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.06% | -17.16% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -26.90% | -13.40% |
Max Drawdown (10Y)Largest decline over 10 years | -46.52% | -33.59% | -12.93% |
Current DrawdownCurrent decline from peak | -37.53% | -0.72% | -36.81% |
Average DrawdownAverage peak-to-trough decline | -20.79% | -4.91% | -15.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 2.10% | +0.53% |
Volatility
LUTR.L vs. ACWI.L - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) and SPDR MSCI ACWI UCITS ETF (ACWI.L) have volatilities of 3.27% and 3.36%, 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
| LUTR.L | ACWI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 3.36% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 6.09% | 9.21% | -3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.84% | 11.86% | -3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 15.24% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 15.66% | -2.39% |
LUTR.L vs. ACWI.L - Expense Ratio Comparison
LUTR.L has a 0.15% expense ratio, which is lower than ACWI.L's 0.40% expense ratio.
Dividends
LUTR.L vs. ACWI.L - Dividend Comparison
LUTR.L's dividend yield for the trailing twelve months is around 4.63%, while ACWI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI.L SPDR MSCI ACWI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.63% | 4.40% | 4.22% | 3.13% | 2.56% | 1.72% | 1.91% | 3.60% | 2.49% | 2.61% | 1.14% |
Frequently Asked Questions
LUTR.L and ACWI.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LUTR.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LUTR.L is cheaper with a 0.15% expense ratio, compared with 0.40% for ACWI.L.
LUTR.L is categorized as Government Bonds, while ACWI.L is Global Equities. LUTR.L tracks Bloomberg US Treasury 10+ Year Index, while ACWI.L tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for LUTR.L and 0.40% for ACWI.L.
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