SPPW.DE vs. MWOP.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) are both Global Equities funds - SPPW.DE tracks the MSCI World while MWOP.DE tracks the MSCI World ESG Leaders Select 5% Issuer Capped. Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 12.63%/yr for MWOP.DE. With a 0.97 correlation, they move nearly in lockstep. SPPW.DE charges 0.12%/yr vs 0.18%/yr for MWOP.DE.
Performance
SPPW.DE vs. MWOP.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 MWOP.DE's 11.41% 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*
- —
MWOP.DE
- 1D
- 0.31%
- 1M
- 6.46%
- YTD
- 11.41%
- 6M
- 12.50%
- 1Y
- 25.27%
- 3Y*
- 17.27%
- 5Y*
- 12.63%
- 10Y*
- —
SPPW.DE vs. MWOP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 12.94% |
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 11.41% | 7.50% | 23.56% | 21.34% | -15.58% | 36.13% | 10.73% |
Correlation
The correlation between SPPW.DE and MWOP.DE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.97 |
The correlation between SPPW.DE and MWOP.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
SPPW.DE vs. MWOP.DE — Risk / Return Rank
SPPW.DE
MWOP.DE
SPPW.DE vs. MWOP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.DE) and Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.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 | MWOP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 2.71 | +0.96 |
| Martin ratioReturn relative to average drawdown | 14.69 | 10.38 | +4.32 |
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 | MWOP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.04 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.85 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.99 | -0.13 |
Drawdowns
SPPW.DE vs. MWOP.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, which is greater than MWOP.DE's maximum drawdown of -21.85%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and MWOP.DE.
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Drawdown Indicators
| SPPW.DE | MWOP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -21.85% | -11.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -9.30% | +2.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -21.85% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -21.85% | +0.23% |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -4.44% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.43% | -0.80% |
Volatility
SPPW.DE vs. MWOP.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 2.70%, while Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) has a volatility of 3.06%. This indicates that SPPW.DE experiences smaller price fluctuations and is considered to be less risky than MWOP.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 | MWOP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.06% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 8.98% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 12.32% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 14.62% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 14.74% | +1.34% |
SPPW.DE vs. MWOP.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than MWOP.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPPW.DE vs. MWOP.DE - Dividend Comparison
Neither SPPW.DE nor MWOP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SPPW.DE and MWOP.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 0.18% for MWOP.DE.
SPPW.DE tracks MSCI World, while MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.12% for SPPW.DE and 0.18% for MWOP.DE.
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