SPPW.DE vs. IQQ0.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - SPPW.DE tracks the MSCI World while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 6.14%/yr for IQQ0.DE. A 0.72 correlation means they provide meaningful diversification when combined. SPPW.DE charges 0.12%/yr vs 0.30%/yr for IQQ0.DE.
Performance
SPPW.DE vs. IQQ0.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPPW.DE achieves a 10.85% return, which is significantly higher than IQQ0.DE's 1.59% return.
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.50%
- YTD
- 1.59%
- 6M
- 1.72%
- 1Y
- -0.28%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
SPPW.DE vs. IQQ0.DE - 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% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 15.75% |
Correlation
The correlation between SPPW.DE and IQQ0.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.72 |
Over the past year, the correlation between SPPW.DE and IQQ0.DE has dropped to 0.36 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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
SPPW.DE vs. IQQ0.DE — Risk / Return Rank
SPPW.DE
IQQ0.DE
SPPW.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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.
| SPPW.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.19 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | -0.05 | +3.72 |
| Martin ratioReturn relative to average drawdown | 14.69 | -0.12 | +14.81 |
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
| SPPW.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | -0.04 | +2.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.60 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.76 | +0.10 |
Drawdowns
SPPW.DE vs. IQQ0.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, which is greater than IQQ0.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and IQQ0.DE.
Loading charts...
Drawdown Indicators
| SPPW.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -28.65% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -5.22% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -12.82% | -8.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -12.82% | -8.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.65% | — |
Current DrawdownCurrent decline from peak | -0.31% | -6.65% | +6.34% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -4.54% | +0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.44% | -0.81% |
Volatility
SPPW.DE vs. IQQ0.DE - Volatility Comparison
SPDR MSCI World UCITS ETF (SPPW.DE) has a higher volatility of 2.70% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that SPPW.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPPW.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.53% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 5.36% | +2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 7.78% | +3.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 10.08% | +3.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 11.62% | +4.46% |
SPPW.DE vs. IQQ0.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
SPPW.DE vs. IQQ0.DE - Dividend Comparison
Neither SPPW.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPW.DE and IQQ0.DE have a correlation of 0.36, 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 0.30% for IQQ0.DE.
SPPW.DE tracks MSCI World, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.30% for IQQ0.DE.
Find the right allocation for SPPW.DE and IQQ0.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