SPPW.DE vs. IS3T.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and IS3T.DE (iShares Edge MSCI World Size Factor UCITS ETF) are both Global Equities funds - SPPW.DE tracks the MSCI World while IS3T.DE tracks the MSCI World Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 6.43%/yr for IS3T.DE. Their correlation of 0.90 suggests significant overlap in exposure. SPPW.DE charges 0.12%/yr vs 0.30%/yr for IS3T.DE.
Performance
SPPW.DE vs. IS3T.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 higher than IS3T.DE's 6.98% 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*
- —
IS3T.DE
- 1D
- 0.30%
- 1M
- 1.92%
- YTD
- 6.98%
- 6M
- 8.42%
- 1Y
- 15.28%
- 3Y*
- 11.56%
- 5Y*
- 6.43%
- 10Y*
- 7.96%
SPPW.DE vs. IS3T.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% |
IS3T.DE iShares Edge MSCI World Size Factor UCITS ETF | 6.98% | 8.66% | 11.91% | 12.19% | -13.42% | 22.31% | 0.63% | 11.99% |
Correlation
The correlation between SPPW.DE and IS3T.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.90 |
The correlation between SPPW.DE and IS3T.DE shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPPW.DE vs. IS3T.DE — Risk / Return Rank
SPPW.DE
IS3T.DE
SPPW.DE vs. IS3T.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 Size Factor UCITS ETF (IS3T.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 | IS3T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.15 | +1.52 |
| Martin ratioReturn relative to average drawdown | 14.69 | 8.02 | +6.67 |
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 | IS3T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.32 | +0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.46 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.53 | +0.33 |
Drawdowns
SPPW.DE vs. IS3T.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, smaller than the maximum IS3T.DE drawdown of -36.87%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and IS3T.DE.
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Drawdown Indicators
| SPPW.DE | IS3T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -36.87% | +3.18% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -7.09% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -18.61% | -3.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -18.61% | -3.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.87% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.59% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -5.74% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.90% | -0.27% |
Volatility
SPPW.DE vs. IS3T.DE - Volatility Comparison
SPDR MSCI World UCITS ETF (SPPW.DE) and iShares Edge MSCI World Size Factor UCITS ETF (IS3T.DE) have volatilities of 2.70% and 2.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPW.DE | IS3T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.77% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 8.61% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 11.58% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 13.90% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.25% | +0.83% |
SPPW.DE vs. IS3T.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than IS3T.DE's 0.30% expense ratio.
Dividends
SPPW.DE vs. IS3T.DE - Dividend Comparison
Neither SPPW.DE nor IS3T.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPW.DE and IS3T.DE have a correlation of 0.75, 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 IS3T.DE.
SPPW.DE tracks MSCI World, while IS3T.DE tracks MSCI World Mid Cap Equal Weighted. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.30% for IS3T.DE.
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