MWOP.DE vs. SPPY.DE
MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - MWOP.DE is a ESG fund tracking the MSCI World ESG Leaders Select 5% Issuer Capped Index, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past year, MWOP.DE returned 28.71% vs 29.56% for SPPY.DE. Their correlation of 0.89 suggests significant overlap in exposure. MWOP.DE charges 0.18%/yr vs 0.10%/yr for SPPY.DE.
Performance
MWOP.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MWOP.DE having a 12.91% return and SPPY.DE slightly lower at 12.49%.
MWOP.DE
- 1D
- 0.00%
- 1M
- 2.86%
- YTD
- 12.91%
- 6M
- 13.29%
- 1Y
- 28.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPPY.DE
- 1D
- -0.19%
- 1M
- 2.18%
- YTD
- 12.49%
- 6M
- 13.00%
- 1Y
- 29.56%
- 3Y*
- 19.57%
- 5Y*
- 15.14%
- 10Y*
- —
MWOP.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 12.91% | 7.50% | 23.56% | 8.87% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.49% | 4.43% | 32.86% | 7.94% |
Correlation
The correlation between MWOP.DE and SPPY.DE is 0.88, 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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.89 |
The correlation between MWOP.DE and SPPY.DE has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
MWOP.DE vs. SPPY.DE — Risk / Return Rank
MWOP.DE
SPPY.DE
MWOP.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
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.
| MWOP.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 4.38 | -1.28 |
| Martin ratioReturn relative to average drawdown | 12.06 | 16.81 | -4.75 |
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Drawdowns
MWOP.DE vs. SPPY.DE - Drawdown Comparison
The maximum MWOP.DE drawdown since its inception was -21.85%, smaller than the maximum SPPY.DE drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for MWOP.DE and SPPY.DE.
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Drawdown Indicators
| MWOP.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -33.33% | +11.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -6.72% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.81% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.19% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -4.80% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.75% | +0.64% |
Volatility
MWOP.DE vs. SPPY.DE - Volatility Comparison
Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) has a higher volatility of 3.41% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 3.17%. This indicates that MWOP.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOP.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.17% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 8.13% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 11.79% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 15.47% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 17.53% | -3.59% |
MWOP.DE vs. SPPY.DE - Expense Ratio Comparison
MWOP.DE has a 0.18% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MWOP.DE vs. SPPY.DE - Dividend Comparison
Neither MWOP.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
MWOP.DE and SPPY.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for MWOP.DE.
MWOP.DE is categorized as ESG, while SPPY.DE is S&P 500. MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.18% for MWOP.DE and 0.10% for SPPY.DE.
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