SPP1.DE vs. MVEW.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 6.26%/yr for MVEW.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPP1.DE charges 0.17%/yr vs 0.30%/yr for MVEW.DE.
Performance
SPP1.DE vs. MVEW.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly higher than MVEW.DE's 3.91% return.
SPP1.DE
- 1D
- 0.60%
- 1M
- 0.08%
- 6M
- 11.32%
- YTD
- 11.13%
- 1Y
- 22.91%
- 3Y*
- 18.01%
- 5Y*
- 10.21%
- 10Y*
- —
MVEW.DE
- 1D
- 0.00%
- 1M
- 2.87%
- 6M
- 4.97%
- YTD
- 3.91%
- 1Y
- 5.74%
- 3Y*
- 7.50%
- 5Y*
- 6.26%
- 10Y*
- —
SPP1.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPP1.DE State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) | 11.13% | 17.43% | 19.40% | 19.48% | -17.94% | 21.52% | 31.86% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 3.91% | -1.00% | 17.31% | 6.25% | -5.88% | 26.06% | 1.72% |
Correlation
The correlation between SPP1.DE and MVEW.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.58 |
Over the past year, the correlation between SPP1.DE and MVEW.DE has dropped to 0.18 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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
SPP1.DE vs. MVEW.DE — Risk / Return Rank
SPP1.DE
MVEW.DE
SPP1.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPP1.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.13 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.23 | +1.55 |
| Martin ratioReturn relative to average drawdown | 11.61 | 3.06 | +8.55 |
Loading charts...
Drawdowns
SPP1.DE vs. MVEW.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, which is greater than MVEW.DE's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and MVEW.DE.
Loading charts...
Drawdown Indicators
| SPP1.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -13.09% | -19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -4.63% | -3.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -13.09% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -13.09% | -9.68% |
Current DrawdownCurrent decline from peak | -0.37% | -3.10% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -3.82% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.87% | +0.10% |
Volatility
SPP1.DE vs. MVEW.DE - Volatility Comparison
State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc) (SPP1.DE) has a higher volatility of 3.99% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.03%. This indicates that SPP1.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPP1.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 2.03% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 5.68% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 8.13% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 10.33% | +4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 10.86% | +5.80% |
SPP1.DE vs. MVEW.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
SPP1.DE vs. MVEW.DE - Dividend Comparison
Neither SPP1.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and MVEW.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPP1.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPP1.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for MVEW.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.17% for SPP1.DE and 0.30% for MVEW.DE.
Find the right allocation for SPP1.DE and MVEW.DE
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