SPPW.DE vs. IQSA.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both Global Equities funds. SPPW.DE is passively managed, while IQSA.DE is actively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 15.45%/yr for IQSA.DE. With a 0.95 correlation, they move nearly in lockstep. SPPW.DE charges 0.12%/yr vs 0.30%/yr for IQSA.DE.
Performance
SPPW.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPW.DE achieves a 10.85% return, which is significantly lower than IQSA.DE's 14.81% 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*
- —
IQSA.DE
- 1D
- -0.11%
- 1M
- 6.18%
- YTD
- 14.81%
- 6M
- 16.74%
- 1Y
- 28.62%
- 3Y*
- 22.03%
- 5Y*
- 15.45%
- 10Y*
- —
SPPW.DE vs. IQSA.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% | 13.32% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 14.81% | 9.64% | 29.92% | 20.24% | -9.32% | 35.68% | 0.13% | 13.13% |
Correlation
The correlation between SPPW.DE and IQSA.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2019 | 0.95 |
The correlation between SPPW.DE and IQSA.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
SPPW.DE vs. IQSA.DE — Risk / Return Rank
SPPW.DE
IQSA.DE
SPPW.DE vs. IQSA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 4.60 | -0.93 |
| Martin ratioReturn relative to average drawdown | 14.69 | 18.23 | -3.54 |
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 | IQSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.34 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.04 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.94 | -0.08 |
Drawdowns
SPPW.DE vs. IQSA.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, roughly equal to the maximum IQSA.DE drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and IQSA.DE.
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Drawdown Indicators
| SPPW.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -34.11% | +0.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -6.20% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -21.35% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -21.35% | -0.27% |
Current DrawdownCurrent decline from peak | -0.31% | -0.33% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -4.38% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.57% | +0.06% |
Volatility
SPPW.DE vs. IQSA.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 2.70%, while Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) has a volatility of 3.32%. This indicates that SPPW.DE experiences smaller price fluctuations and is considered to be less risky than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.32% | -0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 8.85% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 12.17% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 14.71% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.74% | -0.66% |
SPPW.DE vs. IQSA.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
SPPW.DE vs. IQSA.DE - Dividend Comparison
Neither SPPW.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, SPPW.DE and IQSA.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 0.30% for IQSA.DE.
They also come from different issuers: State Street and Invesco. Their fees differ too: 0.12% for SPPW.DE and 0.30% for IQSA.DE.
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