SNAW.DE vs. SPYI.DE
SNAW.DE (iShares MSCI World ESG Screened UCITS ETF USD (Acc)) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both Global Equities funds - SNAW.DE tracks the MSCI World ESG Screened while SPYI.DE tracks the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 5 years, SNAW.DE returned 13.25%/yr vs 12.01%/yr for SPYI.DE. With a 0.96 correlation, they move nearly in lockstep. SNAW.DE charges 0.20%/yr vs 0.17%/yr for SPYI.DE.
Performance
SNAW.DE vs. SPYI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SNAW.DE achieves a 10.75% return, which is significantly lower than SPYI.DE's 13.27% return.
SNAW.DE
- 1D
- 0.02%
- 1M
- 3.93%
- YTD
- 10.75%
- 6M
- 10.75%
- 1Y
- 24.24%
- 3Y*
- 18.23%
- 5Y*
- 13.25%
- 10Y*
- —
SPYI.DE
- 1D
- -0.12%
- 1M
- 3.80%
- YTD
- 13.27%
- 6M
- 13.52%
- 1Y
- 27.62%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
SNAW.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SNAW.DE iShares MSCI World ESG Screened UCITS ETF USD (Acc) | 10.75% | 7.91% | 27.45% | 22.43% | -15.24% | 33.21% | 6.88% | 31.54% | -19.97% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -8.22% |
Correlation
The correlation between SNAW.DE and SPYI.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2018 | 0.96 |
The correlation between SNAW.DE and SPYI.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SNAW.DE vs. SPYI.DE — Risk / Return Rank
SNAW.DE
SPYI.DE
SNAW.DE vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| SNAW.DE | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 4.32 | -1.16 |
| Martin ratioReturn relative to average drawdown | 12.49 | 17.43 | -4.95 |
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
| SNAW.DE | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 2.41 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.85 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.84 | -0.14 |
Drawdowns
SNAW.DE vs. SPYI.DE - Drawdown Comparison
The maximum SNAW.DE drawdown since its inception was -33.26%, roughly equal to the maximum SPYI.DE drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for SNAW.DE and SPYI.DE.
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Drawdown Indicators
| SNAW.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.26% | -34.60% | +1.34% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -6.41% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -22.37% | -21.66% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -22.37% | -21.66% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.60% | — |
Current DrawdownCurrent decline from peak | -0.36% | -0.56% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -4.34% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.59% | +0.36% |
Volatility
SNAW.DE vs. SPYI.DE - Volatility Comparison
The current volatility for iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) is 2.85%, while SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a volatility of 3.11%. This indicates that SNAW.DE experiences smaller price fluctuations and is considered to be less risky than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SNAW.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 3.11% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 8.21% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.81% | 11.48% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 13.90% | +0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 15.18% | +1.98% |
SNAW.DE vs. SPYI.DE - Expense Ratio Comparison
SNAW.DE has a 0.20% expense ratio, which is higher than SPYI.DE's 0.17% 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
SNAW.DE vs. SPYI.DE - Dividend Comparison
Neither SNAW.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, SNAW.DE and SPYI.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.20% for SNAW.DE.
SNAW.DE tracks MSCI World ESG Screened, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SNAW.DE and 0.17% for SPYI.DE.
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