SPPW.DE vs. IUSN.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and IUSN.DE (iShares MSCI World Small Cap UCITS ETF) are both Global Equities funds - SPPW.DE tracks the MSCI World while IUSN.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 5 years, SPPW.DE returned 12.67%/yr vs 7.65%/yr for IUSN.DE. Their correlation of 0.87 suggests significant overlap in exposure. SPPW.DE charges 0.12%/yr vs 0.35%/yr for IUSN.DE.
Performance
SPPW.DE vs. IUSN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPW.DE achieves a 9.62% return, which is significantly lower than IUSN.DE's 13.56% return.
SPPW.DE
- 1D
- -0.11%
- 1M
- 2.54%
- YTD
- 9.62%
- 6M
- 10.32%
- 1Y
- 22.07%
- 3Y*
- 17.24%
- 5Y*
- 12.67%
- 10Y*
- —
IUSN.DE
- 1D
- -0.06%
- 1M
- 1.67%
- YTD
- 13.56%
- 6M
- 14.59%
- 1Y
- 27.67%
- 3Y*
- 13.89%
- 5Y*
- 7.65%
- 10Y*
- —
SPPW.DE vs. IUSN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 9.62% | 8.04% | 26.10% | 20.24% | -13.28% | 32.64% | 5.29% | 3.00% |
IUSN.DE iShares MSCI World Small Cap UCITS ETF | 13.56% | 7.76% | 13.17% | 13.12% | -13.76% | 25.29% | 5.24% | 10.96% |
Correlation
The correlation between SPPW.DE and IUSN.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019 | 0.87 |
The correlation between SPPW.DE and IUSN.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
SPPW.DE vs. IUSN.DE — Risk / Return Rank
SPPW.DE
IUSN.DE
SPPW.DE vs. IUSN.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 MSCI World Small Cap UCITS ETF (IUSN.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 | IUSN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.82 | -0.46 |
| Martin ratioReturn relative to average drawdown | 13.46 | 14.13 | -0.67 |
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 | IUSN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 1.99 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.46 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.52 | +0.17 |
Drawdowns
SPPW.DE vs. IUSN.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.70%, smaller than the maximum IUSN.DE drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and IUSN.DE.
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Drawdown Indicators
| SPPW.DE | IUSN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.70% | -40.27% | +6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.52% | -7.12% | +0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -24.25% | +2.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -24.25% | +2.63% |
Current DrawdownCurrent decline from peak | -1.41% | -1.06% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -7.01% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.93% | -0.30% |
Volatility
SPPW.DE vs. IUSN.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 2.71%, while iShares MSCI World Small Cap UCITS ETF (IUSN.DE) has a volatility of 3.53%. This indicates that SPPW.DE experiences smaller price fluctuations and is considered to be less risky than IUSN.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 | IUSN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 3.53% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 9.51% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 13.65% | -2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.05% | 16.53% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 18.30% | -1.66% |
SPPW.DE vs. IUSN.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than IUSN.DE's 0.35% expense ratio.
Dividends
SPPW.DE vs. IUSN.DE - Dividend Comparison
Neither SPPW.DE nor IUSN.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPW.DE and IUSN.DE have a correlation of 0.84, 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 0.35% for IUSN.DE.
SPPW.DE tracks MSCI World, while IUSN.DE tracks MSCI World Small Cap. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.35% for IUSN.DE.
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