SPP2.DE vs. DBXW.DE
SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) and DBXW.DE (Xtrackers MSCI World Swap UCITS ETF 1C) are both Global Equities funds - SPP2.DE tracks the MSCI ACWI (USD Hedged) while DBXW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, SPP2.DE returned 12.62%/yr vs 11.75%/yr for DBXW.DE. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
SPP2.DE vs. DBXW.DE - Performance Comparison
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Different Trading Currencies
SPP2.DE is traded in USD, while DBXW.DE is traded in EUR. To make them comparable, the DBXW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPP2.DE achieves a 11.75% return, which is significantly higher than DBXW.DE's 9.63% return.
SPP2.DE
- 1D
- -0.01%
- 1M
- 4.55%
- YTD
- 11.75%
- 6M
- 13.20%
- 1Y
- 29.76%
- 3Y*
- 21.57%
- 5Y*
- 12.62%
- 10Y*
- —
DBXW.DE
- 1D
- 0.11%
- 1M
- 2.48%
- YTD
- 9.63%
- 6M
- 10.66%
- 1Y
- 25.48%
- 3Y*
- 20.66%
- 5Y*
- 11.75%
- 10Y*
- 13.01%
SPP2.DE vs. DBXW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc | 11.75% | 21.21% | 20.40% | 22.86% | -16.46% | 21.23% | 11.03% |
DBXW.DE Xtrackers MSCI World Swap UCITS ETF 1C | 9.63% | 21.66% | 18.55% | 23.90% | -18.61% | 22.25% | 12.01% |
Correlation
The correlation between SPP2.DE and DBXW.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020 | 0.95 |
The correlation between SPP2.DE and DBXW.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
SPP2.DE vs. DBXW.DE — Risk / Return Rank
SPP2.DE
DBXW.DE
SPP2.DE vs. DBXW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) and Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.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.
| SPP2.DE | DBXW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.03 | +0.62 |
| Martin ratioReturn relative to average drawdown | 15.47 | 13.13 | +2.33 |
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
| SPP2.DE | DBXW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.20 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.71 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.41 | +0.64 |
Drawdowns
SPP2.DE vs. DBXW.DE - Drawdown Comparison
The maximum SPP2.DE drawdown since its inception was -22.60%, smaller than the maximum DBXW.DE drawdown of -57.67%. Use the drawdown chart below to compare losses from any high point for SPP2.DE and DBXW.DE.
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Drawdown Indicators
| SPP2.DE | DBXW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -57.67% | +35.07% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.49% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -17.89% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -26.02% | +3.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.28% | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.47% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -9.93% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.96% | -0.04% |
Volatility
SPP2.DE vs. DBXW.DE - Volatility Comparison
SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) has a higher volatility of 3.48% compared to Xtrackers MSCI World Swap UCITS ETF 1C (DBXW.DE) at 2.95%. This indicates that SPP2.DE's price experiences larger fluctuations and is considered to be riskier than DBXW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP2.DE | DBXW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 2.95% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 8.69% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 11.69% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 16.38% | -1.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 16.35% | -1.58% |
SPP2.DE vs. DBXW.DE - Expense Ratio Comparison
Both SPP2.DE and DBXW.DE have an expense ratio of 0.45%.
Dividends
SPP2.DE vs. DBXW.DE - Dividend Comparison
Neither SPP2.DE nor DBXW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPP2.DE and DBXW.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.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPP2.DE and DBXW.DE have the same expense ratio: 0.45% per year.
SPP2.DE tracks MSCI ACWI (USD Hedged), while DBXW.DE tracks MSCI World. They also come from different issuers: State Street and Xtrackers.
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