SPP2.DE vs. SPPW.DE
SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) and SPPW.DE (SPDR MSCI World UCITS ETF) are both Global Equities funds from State Street - SPP2.DE tracks the MSCI ACWI (USD Hedged) while SPPW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, SPP2.DE returned 12.62%/yr vs 11.95%/yr for SPPW.DE. Their correlation of 0.95 suggests significant overlap in exposure. SPP2.DE charges 0.45%/yr vs 0.12%/yr for SPPW.DE.
Performance
SPP2.DE vs. SPPW.DE - Performance Comparison
Loading charts...
Different Trading Currencies
SPP2.DE is traded in USD, while SPPW.DE is traded in EUR. To make them comparable, the SPPW.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 SPPW.DE's 9.44% 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*
- —
SPPW.DE
- 1D
- -0.59%
- 1M
- 3.99%
- YTD
- 9.44%
- 6M
- 10.90%
- 1Y
- 25.87%
- 3Y*
- 20.98%
- 5Y*
- 11.95%
- 10Y*
- —
SPP2.DE vs. SPPW.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% |
SPPW.DE SPDR MSCI World UCITS ETF | 9.44% | 21.96% | 18.88% | 24.05% | -18.06% | 22.20% | 11.90% |
Correlation
The correlation between SPP2.DE and SPPW.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 SPPW.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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
SPP2.DE vs. SPPW.DE — Risk / Return Rank
SPP2.DE
SPPW.DE
SPP2.DE vs. SPPW.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 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.
| SPP2.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.40 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.12 | +0.53 |
| Martin ratioReturn relative to average drawdown | 15.47 | 13.51 | +1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPP2.DE | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.25 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.77 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 0.83 | +0.22 |
Drawdowns
SPP2.DE vs. SPPW.DE - Drawdown Comparison
The maximum SPP2.DE drawdown since its inception was -22.60%, smaller than the maximum SPPW.DE drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for SPP2.DE and SPPW.DE.
Loading charts...
Drawdown Indicators
| SPP2.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -34.17% | +11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -8.43% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -17.88% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -25.63% | +3.03% |
Current DrawdownCurrent decline from peak | -0.66% | -0.59% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -5.05% | +0.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.95% | -0.03% |
Volatility
SPP2.DE vs. SPPW.DE - Volatility Comparison
SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) has a higher volatility of 3.48% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 3.23%. This indicates that SPP2.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.
Loading charts...
Volatility by Period
| SPP2.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.48% | 3.23% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 8.64% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 11.68% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 15.44% | -0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.77% | 17.14% | -2.37% |
SPP2.DE vs. SPPW.DE - Expense Ratio Comparison
SPP2.DE has a 0.45% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio.
Dividends
SPP2.DE vs. SPPW.DE - Dividend Comparison
Neither SPP2.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPP2.DE and SPPW.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, 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 0.45% for SPP2.DE.
SPP2.DE tracks MSCI ACWI (USD Hedged), while SPPW.DE tracks MSCI World. Their fees differ too: 0.45% for SPP2.DE and 0.12% for SPPW.DE.
Find the right allocation for SPP2.DE and SPPW.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