SPP2.DE vs. IUSQ.DE
SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) and IUSQ.DE (iShares MSCI ACWI UCITS ETF (Acc)) are both Global Equities funds - SPP2.DE tracks the MSCI ACWI (USD Hedged) while IUSQ.DE tracks the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, SPP2.DE returned 12.62%/yr vs 11.37%/yr for IUSQ.DE. Their correlation of 0.95 suggests significant overlap in exposure. SPP2.DE charges 0.45%/yr vs 0.20%/yr for IUSQ.DE.
Performance
SPP2.DE vs. IUSQ.DE - Performance Comparison
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Different Trading Currencies
SPP2.DE is traded in USD, while IUSQ.DE is traded in EUR. To make them comparable, the IUSQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SPP2.DE having a 11.75% return and IUSQ.DE slightly lower at 11.34%.
SPP2.DE
- 1D
- -0.01%
- 1M
- 4.55%
- YTD
- 11.75%
- 6M
- 13.20%
- 1Y
- 29.76%
- 3Y*
- 21.57%
- 5Y*
- 12.62%
- 10Y*
- —
IUSQ.DE
- 1D
- -0.12%
- 1M
- 2.46%
- YTD
- 11.34%
- 6M
- 12.55%
- 1Y
- 28.23%
- 3Y*
- 21.14%
- 5Y*
- 11.37%
- 10Y*
- 12.63%
SPP2.DE vs. IUSQ.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% |
IUSQ.DE iShares MSCI ACWI UCITS ETF (Acc) | 11.34% | 23.07% | 17.40% | 22.32% | -18.34% | 18.95% | 12.30% |
Correlation
The correlation between SPP2.DE and IUSQ.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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2020 | 0.95 |
The correlation between SPP2.DE and IUSQ.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. IUSQ.DE — Risk / Return Rank
SPP2.DE
IUSQ.DE
SPP2.DE vs. IUSQ.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 iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.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 | IUSQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.42 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.23 | +0.42 |
| Martin ratioReturn relative to average drawdown | 15.47 | 13.88 | +1.59 |
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 | IUSQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.34 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.73 | +0.11 |
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 | 0.66 | +0.39 |
Drawdowns
SPP2.DE vs. IUSQ.DE - Drawdown Comparison
The maximum SPP2.DE drawdown since its inception was -22.60%, smaller than the maximum IUSQ.DE drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for SPP2.DE and IUSQ.DE.
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Drawdown Indicators
| SPP2.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -34.07% | +11.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.85% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -17.48% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -26.08% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.07% | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.72% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -5.02% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.06% | -0.14% |
Volatility
SPP2.DE vs. IUSQ.DE - Volatility Comparison
SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) and iShares MSCI ACWI UCITS ETF (Acc) (IUSQ.DE) have volatilities of 3.48% and 3.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPP2.DE | IUSQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.41% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 9.35% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 12.21% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 15.46% | -0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 15.91% | -1.14% |
SPP2.DE vs. IUSQ.DE - Expense Ratio Comparison
SPP2.DE has a 0.45% expense ratio, which is higher than IUSQ.DE's 0.20% expense ratio.
Dividends
SPP2.DE vs. IUSQ.DE - Dividend Comparison
Neither SPP2.DE nor IUSQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPP2.DE and IUSQ.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.
On fees, IUSQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSQ.DE is cheaper with a 0.20% expense ratio, compared with 0.45% for SPP2.DE.
SPP2.DE tracks MSCI ACWI (USD Hedged), while IUSQ.DE tracks MSCI All Country World (ACWI). They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for SPP2.DE and 0.20% for IUSQ.DE.
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