MXWO.L vs. SWRD.L
Compare and contrast key facts about Invesco MSCI World UCITS ETF (MXWO.L) and SPDR MSCI World UCITS ETF (SWRD.L).
MXWO.L and SWRD.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. SWRD.L is a passively managed fund by State Street that tracks the performance of the MSCI World Index. It was launched on Feb 28, 2019. Both MXWO.L and SWRD.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 SWRD.L.
Key characteristics
| MXWO.L | SWRD.L | |
|---|---|---|
| YTD Return | 13.20% | 13.42% |
| 1Y Return | 22.51% | 22.59% |
| 3Y Return (Ann) | 5.61% | 5.72% |
| 5Y Return (Ann) | 12.24% | 12.23% |
| Sharpe Ratio | 1.92 | 1.91 |
| Daily Std Dev | 11.97% | 12.04% |
| Max Drawdown | -33.89% | -34.10% |
| Current Drawdown | -2.70% | -2.57% |
Correlation
The correlation between MXWO.L and SWRD.L is 0.99, 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.
Performance
MXWO.L vs. SWRD.L - Performance Comparison
The year-to-date returns for both investments are quite close, with MXWO.L having a 13.20% return and SWRD.L slightly higher at 13.42%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MXWO.L vs. SWRD.L - Expense Ratio Comparison
MXWO.L has a 0.19% expense ratio, which is higher than SWRD.L's 0.12% 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%.
Risk-Adjusted Performance
MXWO.L vs. SWRD.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 MSCI World UCITS ETF (SWRD.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. SWRD.L - Dividend Comparison
Neither MXWO.L nor SWRD.L has paid dividends to shareholders.
Drawdowns
MXWO.L vs. SWRD.L - Drawdown Comparison
The maximum MXWO.L drawdown since its inception was -33.89%, roughly equal to the maximum SWRD.L drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for MXWO.L and SWRD.L. For additional features, visit the drawdowns tool.
Volatility
MXWO.L vs. SWRD.L - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF (MXWO.L) is 3.46%, while SPDR MSCI World UCITS ETF (SWRD.L) has a volatility of 3.65%. This indicates that MXWO.L experiences smaller price fluctuations and is considered to be less risky than SWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.