SPF1.DE vs. WPEA.PA
SPF1.DE (SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating) and WPEA.PA (iShares MSCI World Swap PEA UCITS ETF) are both exchange-traded funds - SPF1.DE is a Convertible Bonds fund tracking the FTSE Qualified Global Convertible Index (EUR Hedged), while WPEA.PA is a Global Equities fund tracking the MSCI World NET TR EUR Index. Both are passively managed. Over the past year, SPF1.DE returned 34.78% vs 23.62% for WPEA.PA. A 0.63 correlation means they provide meaningful diversification when combined. SPF1.DE charges 0.55%/yr vs 0.25%/yr for WPEA.PA.
Performance
SPF1.DE vs. WPEA.PA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPF1.DE achieves a 17.82% return, which is significantly higher than WPEA.PA's 11.02% return.
SPF1.DE
- 1D
- 0.59%
- 1M
- 4.99%
- YTD
- 17.82%
- 6M
- 20.07%
- 1Y
- 34.78%
- 3Y*
- 17.81%
- 5Y*
- 5.89%
- 10Y*
- —
WPEA.PA
- 1D
- -0.06%
- 1M
- 4.84%
- YTD
- 11.02%
- 6M
- 11.28%
- 1Y
- 23.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPF1.DE vs. WPEA.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPF1.DE SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating | 17.82% | 20.76% | 6.37% |
WPEA.PA iShares MSCI World Swap PEA UCITS ETF | 11.02% | 6.89% | 14.51% |
Correlation
The correlation between SPF1.DE and WPEA.PA is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.63 |
The correlation between SPF1.DE and WPEA.PA has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SPF1.DE vs. WPEA.PA — Risk / Return Rank
SPF1.DE
WPEA.PA
SPF1.DE vs. WPEA.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) and iShares MSCI World Swap PEA UCITS ETF (WPEA.PA). 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.
| SPF1.DE | WPEA.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.40 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 3.57 | +1.47 |
| Martin ratioReturn relative to average drawdown | 21.39 | 14.20 | +7.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPF1.DE | WPEA.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 2.14 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 1.03 | -0.35 |
Drawdowns
SPF1.DE vs. WPEA.PA - Drawdown Comparison
The maximum SPF1.DE drawdown since its inception was -30.44%, which is greater than WPEA.PA's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for SPF1.DE and WPEA.PA.
Loading charts...
Drawdown Indicators
| SPF1.DE | WPEA.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.44% | -21.59% | -8.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -6.53% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.99% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.37% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -3.02% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.65% | -0.03% |
Volatility
SPF1.DE vs. WPEA.PA - Volatility Comparison
SPDR FTSE Global Convertible Bond EUR Hedged UCITS ETF Accumulating (SPF1.DE) has a higher volatility of 3.91% compared to iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) at 2.59%. This indicates that SPF1.DE's price experiences larger fluctuations and is considered to be riskier than WPEA.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPF1.DE | WPEA.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.91% | 2.59% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.94% | 7.55% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 10.88% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.63% | 14.57% | -3.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.68% | 14.57% | -2.89% |
SPF1.DE vs. WPEA.PA - Expense Ratio Comparison
SPF1.DE has a 0.55% expense ratio, which is higher than WPEA.PA's 0.25% expense ratio.
Dividends
SPF1.DE vs. WPEA.PA - Dividend Comparison
Neither SPF1.DE nor WPEA.PA has paid dividends to shareholders.
Frequently Asked Questions
SPF1.DE and WPEA.PA have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WPEA.PA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WPEA.PA is cheaper with a 0.25% expense ratio, compared with 0.55% for SPF1.DE.
SPF1.DE is categorized as Convertible Bonds, while WPEA.PA is Global Equities. SPF1.DE tracks FTSE Qualified Global Convertible Index (EUR Hedged), while WPEA.PA tracks MSCI World NET TR EUR Index. They also come from different issuers: SPDR and iShares. Their fees differ too: 0.55% for SPF1.DE and 0.25% for WPEA.PA.
Find the right allocation for SPF1.DE and WPEA.PA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer