SPPW.DE vs. IQQI.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and IQQI.DE (iShares Global Infrastructure UCITS ETF) are both Global Equities funds - SPPW.DE tracks the MSCI World while IQQI.DE tracks the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 5 years, SPPW.DE returned 12.39%/yr vs 7.45%/yr for IQQI.DE. A 0.57 correlation means they provide meaningful diversification when combined. SPPW.DE charges 0.12%/yr vs 0.65%/yr for IQQI.DE.
Performance
SPPW.DE vs. IQQI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPW.DE achieves a 12.48% return, which is significantly lower than IQQI.DE's 15.42% return.
SPPW.DE
- 1D
- 0.37%
- 1M
- 1.48%
- 6M
- 12.78%
- YTD
- 12.48%
- 1Y
- 24.34%
- 3Y*
- 17.62%
- 5Y*
- 12.39%
- 10Y*
- —
IQQI.DE
- 1D
- 0.81%
- 1M
- 3.15%
- 6M
- 14.63%
- YTD
- 15.42%
- 1Y
- 19.75%
- 3Y*
- 10.01%
- 5Y*
- 7.45%
- 10Y*
- 6.81%
SPPW.DE vs. IQQI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 12.48% | 8.04% | 26.10% | 20.24% | -13.28% | 32.64% | 5.29% | 3.00% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 15.42% | 0.56% | 14.53% | -3.18% | -0.38% | 26.94% | -10.82% | 13.39% |
Correlation
The correlation between SPPW.DE and IQQI.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019 | 0.57 |
Over the past year, the correlation between SPPW.DE and IQQI.DE has dropped to 0.17 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
SPPW.DE vs. IQQI.DE — Risk / Return Rank
SPPW.DE
IQQI.DE
SPPW.DE vs. IQQI.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 Global Infrastructure UCITS ETF (IQQI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPPW.DE | IQQI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 4.09 | -0.37 |
| Martin ratioReturn relative to average drawdown | 14.80 | 10.22 | +4.58 |
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Drawdowns
SPPW.DE vs. IQQI.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.70%, smaller than the maximum IQQI.DE drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and IQQI.DE.
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Drawdown Indicators
| SPPW.DE | IQQI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.70% | -42.24% | +8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.52% | -4.81% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -14.75% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -24.82% | +3.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.16% | — |
Current DrawdownCurrent decline from peak | -0.07% | -0.35% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -11.10% | +6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.93% | -0.29% |
Volatility
SPPW.DE vs. IQQI.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 3.15%, while iShares Global Infrastructure UCITS ETF (IQQI.DE) has a volatility of 3.52%. This indicates that SPPW.DE experiences smaller price fluctuations and is considered to be less risky than IQQI.DE 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 | IQQI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 3.52% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 8.80% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 10.82% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 12.78% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 14.24% | +2.36% |
SPPW.DE vs. IQQI.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than IQQI.DE's 0.65% expense ratio.
Dividends
SPPW.DE vs. IQQI.DE - Dividend Comparison
SPPW.DE has not paid dividends to shareholders, while IQQI.DE's dividend yield for the trailing twelve months is around 2.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQI.DE iShares Global Infrastructure UCITS ETF | 2.00% | 2.30% | 2.29% | 2.42% | 2.13% | 1.85% | 2.25% | 2.05% | 2.30% | 2.76% | 2.63% | 3.15% |
SPPW.DE SPDR MSCI World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPPW.DE and IQQI.DE have a correlation of 0.17, 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 0.65% for IQQI.DE.
SPPW.DE tracks MSCI World, while IQQI.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.65% for IQQI.DE.
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