MXWO.L vs. SPY5.L
Compare and contrast key facts about Invesco MSCI World UCITS ETF (MXWO.L) and SPDR® S&P 500 UCITS ETF (Dist) (SPY5.L).
MXWO.L and SPY5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MXWO.L is a passively managed fund by Invesco that tracks the performance of the MSCI ACWI NR USD. It was launched on Apr 2, 2009. SPY5.L is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Mar 19, 2012. Both MXWO.L and SPY5.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: MXWO.L or SPY5.L.
Performance
MXWO.L vs. SPY5.L - Performance Comparison
Returns By Period
In the year-to-date period, MXWO.L achieves a 18.87% return, which is significantly lower than SPY5.L's 24.65% return. Over the past 10 years, MXWO.L has underperformed SPY5.L with an annualized return of 9.93%, while SPY5.L has yielded a comparatively higher 12.86% annualized return.
MXWO.L
18.87%
-0.53%
7.70%
27.09%
12.26%
9.93%
SPY5.L
24.65%
0.84%
11.52%
32.62%
15.09%
12.86%
Key characteristics
| MXWO.L | SPY5.L | |
|---|---|---|
| Sharpe Ratio | 2.34 | 2.74 |
| Sortino Ratio | 3.28 | 3.80 |
| Omega Ratio | 1.43 | 1.52 |
| Calmar Ratio | 3.42 | 4.14 |
| Martin Ratio | 14.88 | 17.78 |
| Ulcer Index | 1.77% | 1.78% |
| Daily Std Dev | 11.23% | 11.57% |
| Max Drawdown | -33.89% | -33.89% |
| Current Drawdown | -1.87% | -1.66% |
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MXWO.L vs. SPY5.L - Expense Ratio Comparison
MXWO.L has a 0.19% expense ratio, which is higher than SPY5.L's 0.03% 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%.
Correlation
The correlation between MXWO.L and SPY5.L is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
MXWO.L vs. SPY5.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWO.L) and SPDR® S&P 500 UCITS ETF (Dist) (SPY5.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
MXWO.L vs. SPY5.L - Dividend Comparison
MXWO.L has not paid dividends to shareholders, while SPY5.L's dividend yield for the trailing twelve months is around 1.05%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXWO.L Invesco 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% |
SPY5.L SPDR® S&P 500 UCITS ETF (Dist) | 1.05% | 1.19% | 1.40% | 0.99% | 1.28% | 1.71% | 2.20% | 2.29% | 1.64% | 1.73% | 1.49% | 1.48% |
Drawdowns
MXWO.L vs. SPY5.L - Drawdown Comparison
The maximum MXWO.L drawdown since its inception was -33.89%, roughly equal to the maximum SPY5.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for MXWO.L and SPY5.L. For additional features, visit the drawdowns tool.
Volatility
MXWO.L vs. SPY5.L - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF (MXWO.L) is 3.41%, while SPDR® S&P 500 UCITS ETF (Dist) (SPY5.L) has a volatility of 4.08%. This indicates that MXWO.L experiences smaller price fluctuations and is considered to be less risky than SPY5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.