SPPW.DE vs. SPYM.DE

Last updated Jun 5, 2026

SPPW.DE (SPDR MSCI World UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - SPPW.DE is a Global Equities fund tracking the MSCI World, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 8.45%/yr for SPYM.DE. A 0.66 correlation means they provide meaningful diversification when combined. SPPW.DE charges 0.12%/yr vs 0.18%/yr for SPYM.DE.

Performance

SPPW.DE vs. SPYM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World UCITS ETF (SPPW.DE) and SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPW.DE achieves a 10.85% return, which is significantly lower than SPYM.DE's 27.39% 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*: —

SPYM.DE

• 1D: -1.63%
• 1M: 6.11%
• YTD: 27.39%
• 6M: 29.25%
• 1Y: 50.03%
• 3Y*: 21.15%
• 5Y*: 8.45%
• 10Y*: 9.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPPW.DE vs. SPYM.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%
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF	27.39%	19.08%	14.04%	6.06%	-14.90%	5.27%	6.28%	11.13%

Correlation

The correlation between SPPW.DE and SPYM.DE is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019	0.66

The correlation between SPPW.DE and SPYM.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

SPPW.DE vs. SPYM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPPW.DE

SPPW.DE Risk / Return Rank: 70
SPPW.DE Sharpe Ratio Rank: 66
SPPW.DE Sortino Ratio Rank: 66
SPPW.DE Omega Ratio Rank: 69
SPPW.DE Calmar Ratio Rank: 74
SPPW.DE Martin Ratio Rank: 77

SPYM.DE

SPYM.DE Risk / Return Rank: 85
SPYM.DE Sharpe Ratio Rank: 86
SPYM.DE Sortino Ratio Rank: 83
SPYM.DE Omega Ratio Rank: 84
SPYM.DE Calmar Ratio Rank: 86
SPYM.DE Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPPW.DE vs. SPYM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SPPW.DE) and SPDR MSCI Emerging Markets UCITS ETF (SPYM.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	SPYM.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.79	-0.63
Sortino ratio: Return per unit of downside risk	2.99	3.69	-0.69
Omega ratio: Gain probability vs. loss probability	1.40	1.50	-0.10
Calmar ratio: Return relative to maximum drawdown	3.66	4.80	-1.14
Martin ratio: Return relative to average drawdown	14.69	17.28	-2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPW.DE vs. SPYM.DE - Sharpe Ratio Comparison

The current SPPW.DE Sharpe Ratio is 2.16, which is comparable to the SPYM.DE Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of SPPW.DE and SPYM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPPW.DE	SPYM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.16	2.79	-0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.50	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.34	+0.52

Drawdowns

SPPW.DE vs. SPYM.DE - Drawdown Comparison

The maximum SPPW.DE drawdown since its inception was -33.69%, smaller than the maximum SPYM.DE drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and SPYM.DE.

Drawdown Indicators

	SPPW.DE	SPYM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.69%	-36.28%	+2.59%
Max Drawdown (1Y) Largest decline over 1 year	-6.51%	-10.38%	+3.87%
Max Drawdown (3Y) Largest decline over 3 years	-21.62%	-18.96%	-2.66%
Max Drawdown (5Y) Largest decline over 5 years	-21.62%	-23.86%	+2.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.69%	—
Current Drawdown Current decline from peak	-0.31%	-2.74%	+2.43%
Average Drawdown Average peak-to-trough decline	-4.43%	-9.95%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	2.89%	-1.26%

Volatility

SPPW.DE vs. SPYM.DE - Volatility Comparison

The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 2.70%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that SPPW.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPW.DE	SPYM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	7.34%	-4.64%
Volatility (6M) Calculated over the trailing 6-month period	7.62%	15.16%	-7.54%
Volatility (1Y) Calculated over the trailing 1-year period	11.11%	17.87%	-6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	16.78%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	18.40%	-2.32%

SPPW.DE vs. SPYM.DE - Expense Ratio Comparison

SPPW.DE has a 0.12% expense ratio, which is lower than SPYM.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. SPYM.DE - Dividend Comparison

Neither SPPW.DE nor SPYM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPPW.DE and SPYM.DE in my portfolio?

SPPW.DE and SPYM.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPW.DE or SPYM.DE?

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.

Which ETF is cheaper, SPPW.DE or SPYM.DE?

SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for SPYM.DE.

What is the main difference between SPPW.DE and SPYM.DE?

SPPW.DE is categorized as Global Equities, while SPYM.DE is Emerging Markets Equities. SPPW.DE tracks MSCI World, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.12% for SPPW.DE and 0.18% for SPYM.DE.