SPP1.DE vs. SPPW.DE
SPP1.DE (State Street SPDR MSCI All Country World EUR Hdg UCITS ETF (Acc)) and SPPW.DE (SPDR MSCI World UCITS ETF) are both Global Equities funds from State Street - SPP1.DE tracks the MSCI ACWI with Developed Markets 100% Hedged to EUR Index while SPPW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, SPP1.DE returned 10.21%/yr vs 12.39%/yr for SPPW.DE. Their correlation of 0.91 suggests significant overlap in exposure. SPP1.DE charges 0.17%/yr vs 0.12%/yr for SPPW.DE.
Performance
SPP1.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPP1.DE achieves a 11.13% return, which is significantly lower than SPPW.DE's 12.48% 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*
- —
SPPW.DE
- 1D
- 0.37%
- 1M
- 1.48%
- 6M
- 12.78%
- YTD
- 12.48%
- 1Y
- 24.34%
- 3Y*
- 17.62%
- 5Y*
- 12.39%
- 10Y*
- —
SPP1.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 10.80% | 7.73% |
SPPW.DE SPDR MSCI World UCITS ETF | 12.48% | 8.04% | 26.10% | 20.24% | -13.28% | 32.64% | 5.29% | 6.08% |
Correlation
The correlation between SPP1.DE and SPPW.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2019 | 0.91 |
The correlation between SPP1.DE and SPPW.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
SPP1.DE vs. SPPW.DE — Risk / Return Rank
SPP1.DE
SPPW.DE
SPP1.DE vs. SPPW.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 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.
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 | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.72 | -0.94 |
| Martin ratioReturn relative to average drawdown | 11.61 | 14.80 | -3.19 |
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Drawdowns
SPP1.DE vs. SPPW.DE - Drawdown Comparison
The maximum SPP1.DE drawdown since its inception was -32.51%, roughly equal to the maximum SPPW.DE drawdown of -33.70%. Use the drawdown chart below to compare losses from any high point for SPP1.DE and SPPW.DE.
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Drawdown Indicators
| SPP1.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.51% | -33.70% | +1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -6.52% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.70% | -21.62% | +3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.77% | -21.62% | -1.15% |
Current DrawdownCurrent decline from peak | -0.37% | -0.07% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.89% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 1.64% | +0.33% |
Volatility
SPP1.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.DE) at 3.15%. This indicates that SPP1.DE's price experiences larger fluctuations and is considered to be riskier 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
| SPP1.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 3.15% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 7.90% | +1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 11.28% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 14.08% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 16.60% | +0.06% |
SPP1.DE vs. SPPW.DE - Expense Ratio Comparison
SPP1.DE has a 0.17% expense ratio, which is higher than SPPW.DE'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%.
Dividends
SPP1.DE vs. SPPW.DE - Dividend Comparison
Neither SPP1.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPP1.DE and SPPW.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.17% for SPP1.DE.
SPP1.DE tracks MSCI ACWI with Developed Markets 100% Hedged to EUR Index, while SPPW.DE tracks MSCI World. Their fees differ too: 0.17% for SPP1.DE and 0.12% for SPPW.DE.
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