SPFE.DE vs. SPPW.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SPFE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, SPFE.DE returned -1.22%/yr vs 13.03%/yr for SPPW.DE. At a 0.02 correlation, their price movements are largely independent. SPFE.DE charges 0.10%/yr vs 0.12%/yr for SPPW.DE.
Performance
SPFE.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than SPPW.DE's 10.85% return.
SPFE.DE
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.14%
- 6M
- -0.29%
- 1Y
- 1.30%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
SPFE.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 4.42% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between SPFE.DE and SPPW.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.02 |
Over the past year, SPFE.DE and SPPW.DE have become more correlated (0.25) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
SPFE.DE vs. SPPW.DE — Risk / Return Rank
SPFE.DE
SPPW.DE
SPFE.DE vs. SPPW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) and SPDR MSCI World UCITS ETF (SPPW.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.
| SPFE.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 3.66 | -3.19 |
| Martin ratioReturn relative to average drawdown | 1.36 | 14.69 | -13.33 |
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
| SPFE.DE | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.16 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.92 | -1.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.86 | -0.82 |
Drawdowns
SPFE.DE vs. SPPW.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum SPPW.DE drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and SPPW.DE.
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Drawdown Indicators
| SPFE.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -33.69% | +16.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -6.51% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -21.62% | +17.64% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -21.62% | +5.01% |
Current DrawdownCurrent decline from peak | -8.27% | -0.31% | -7.96% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -4.43% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.63% | -0.68% |
Volatility
SPFE.DE vs. SPPW.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 1.55%, while SPDR MSCI World UCITS ETF (SPPW.DE) has a volatility of 2.70%. This indicates that SPFE.DE experiences smaller price fluctuations and is considered to be less risky than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPFE.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 2.70% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 7.62% | -4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 11.11% | -7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 14.06% | -9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 16.08% | -12.02% |
SPFE.DE vs. SPPW.DE - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is lower than SPPW.DE's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPFE.DE vs. SPPW.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, while SPPW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% |
SPPW.DE SPDR MSCI World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFE.DE and SPPW.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for SPPW.DE.
SPFE.DE is categorized as Global Bonds, while SPPW.DE is Global Equities. SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while SPPW.DE tracks MSCI World. Their fees differ too: 0.10% for SPFE.DE and 0.12% for SPPW.DE.
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