SPPW.DE vs. SPYY.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both Global Equities funds from State Street - SPPW.DE tracks the MSCI World while SPYY.DE tracks the MSCI All Country World (ACWI). Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 12.35%/yr for SPYY.DE. With a 0.99 correlation, they move nearly in lockstep. SPPW.DE charges 0.12%/yr vs 0.40%/yr for SPYY.DE.
Performance
SPPW.DE vs. SPYY.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 SPYY.DE's 12.54% 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*
- —
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
SPPW.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 16.28% |
Correlation
The correlation between SPPW.DE and SPYY.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.99 |
The correlation between SPPW.DE and SPYY.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
SPPW.DE vs. SPYY.DE — Risk / Return Rank
SPPW.DE
SPYY.DE
SPPW.DE vs. SPYY.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 ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 4.10 | -0.44 |
| Martin ratioReturn relative to average drawdown | 14.69 | 16.60 | -1.91 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.32 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.88 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.83 | +0.03 |
Drawdowns
SPPW.DE vs. SPYY.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, roughly equal to the maximum SPYY.DE drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and SPYY.DE.
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Drawdown Indicators
| SPPW.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -33.49% | -0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -6.49% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -21.27% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -21.27% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.49% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.61% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -4.39% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.61% | +0.02% |
Volatility
SPPW.DE vs. SPYY.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 2.70%, while SPDR MSCI ACWI UCITS ETF (SPYY.DE) has a volatility of 3.05%. This indicates that SPPW.DE experiences smaller price fluctuations and is considered to be less risky than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.05% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 8.21% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 11.47% | -0.36% |
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% | 15.07% | +1.01% |
SPPW.DE vs. SPYY.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
SPPW.DE vs. SPYY.DE - Dividend Comparison
Neither SPPW.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, SPPW.DE and SPYY.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 0.40% for SPYY.DE.
SPPW.DE tracks MSCI World, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.12% for SPPW.DE and 0.40% for SPYY.DE.
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