SPPW.DE vs. AGGU.L
SPPW.DE (SPDR MSCI World UCITS ETF) and AGGU.L (iShares Core Global Aggregate Bond UCITS ETF) are both exchange-traded funds - SPPW.DE is a Global Equities fund tracking the MSCI World, while AGGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index. Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 1.58%/yr for AGGU.L. At a 0.10 correlation, their price movements are largely independent. SPPW.DE charges 0.12%/yr vs 0.10%/yr for AGGU.L.
Performance
SPPW.DE vs. AGGU.L - Performance Comparison
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Different Trading Currencies
SPPW.DE is traded in EUR, while AGGU.L is traded in USD. To make them comparable, the AGGU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPPW.DE achieves a 10.85% return, which is significantly higher than AGGU.L's 2.02% return.
SPPW.DE
- 1D
- -0.31%
- 1M
- 3.69%
- YTD
- 10.85%
- 6M
- 11.19%
- 1Y
- 23.42%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
AGGU.L
- 1D
- -0.12%
- 1M
- 2.01%
- YTD
- 2.02%
- 6M
- 1.59%
- 1Y
- 2.11%
- 3Y*
- 1.75%
- 5Y*
- 1.58%
- 10Y*
- —
SPPW.DE vs. AGGU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
AGGU.L iShares Core Global Aggregate Bond UCITS ETF | 2.02% | -7.74% | 10.38% | 3.45% | -6.05% | 5.54% | -3.51% | 8.50% |
Correlation
The correlation between SPPW.DE and AGGU.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.10 |
The correlation between SPPW.DE and AGGU.L shifts across timeframes, from 0.10 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPPW.DE vs. AGGU.L — Risk / Return Rank
SPPW.DE
AGGU.L
SPPW.DE vs. AGGU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.DE) and iShares Core Global Aggregate Bond UCITS ETF (AGGU.L). 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.
| SPPW.DE | AGGU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.06 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 0.47 | +3.19 |
| Martin ratioReturn relative to average drawdown | 14.69 | 1.26 | +13.43 |
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
| SPPW.DE | AGGU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.33 | +1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.19 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.25 | +0.61 |
Drawdowns
SPPW.DE vs. AGGU.L - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, which is greater than AGGU.L's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and AGGU.L.
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Drawdown Indicators
| SPPW.DE | AGGU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -12.82% | -20.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -4.49% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -11.12% | -10.50% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -12.40% | -9.22% |
Current DrawdownCurrent decline from peak | -0.31% | -6.84% | +6.53% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -5.49% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.68% | -0.05% |
Volatility
SPPW.DE vs. AGGU.L - Volatility Comparison
SPDR MSCI World UCITS ETF (SPPW.DE) has a higher volatility of 2.70% compared to iShares Core Global Aggregate Bond UCITS ETF (AGGU.L) at 1.37%. This indicates that SPPW.DE's price experiences larger fluctuations and is considered to be riskier than AGGU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPW.DE | AGGU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 1.37% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 4.63% | +2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 6.31% | +4.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 8.25% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 8.00% | +8.08% |
SPPW.DE vs. AGGU.L - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is higher than AGGU.L's 0.10% 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
SPPW.DE vs. AGGU.L - Dividend Comparison
Neither SPPW.DE nor AGGU.L has paid dividends to shareholders.
Frequently Asked Questions
SPPW.DE and AGGU.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AGGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AGGU.L is cheaper with a 0.10% expense ratio, compared with 0.12% for SPPW.DE.
SPPW.DE is categorized as Global Equities, while AGGU.L is Global Bonds. SPPW.DE tracks MSCI World, while AGGU.L tracks Bloomberg Global Aggregate Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.10% for AGGU.L.
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