SPPW.DE vs. SXR0.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and SXR0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc)) are both Global Equities funds - SPPW.DE tracks the MSCI World while SXR0.DE tracks the MSCI World Minimum Volatility Index (EUR Hedged). Both are passively managed. Over the past 5 years, SPPW.DE returned 12.39%/yr vs 4.77%/yr for SXR0.DE. A 0.68 correlation means they provide meaningful diversification when combined. SPPW.DE charges 0.12%/yr vs 0.35%/yr for SXR0.DE.
Performance
SPPW.DE vs. SXR0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPW.DE achieves a 12.48% return, which is significantly higher than SXR0.DE's 2.15% return.
SPPW.DE
- 1D
- 0.37%
- 1M
- 1.48%
- 6M
- 12.78%
- YTD
- 12.48%
- 1Y
- 24.34%
- 3Y*
- 17.62%
- 5Y*
- 12.39%
- 10Y*
- —
SXR0.DE
- 1D
- 0.23%
- 1M
- 1.78%
- 6M
- 3.00%
- YTD
- 2.15%
- 1Y
- 2.76%
- 3Y*
- 8.28%
- 5Y*
- 4.77%
- 10Y*
- —
SPPW.DE vs. SXR0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPW.DE SPDR MSCI World UCITS ETF | 12.48% | 8.04% | 26.10% | 20.24% | -13.28% | 32.64% | 5.29% | 3.00% |
SXR0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) | 2.15% | 7.02% | 13.29% | 5.81% | -9.67% | 16.59% | -1.27% | 10.93% |
Correlation
The correlation between SPPW.DE and SXR0.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2019 | 0.68 |
Over the past year, the correlation between SPPW.DE and SXR0.DE has dropped to 0.27 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
SPPW.DE vs. SXR0.DE — Risk / Return Rank
SPPW.DE
SXR0.DE
SPPW.DE vs. SXR0.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 Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPPW.DE | SXR0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.06 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 0.52 | +3.19 |
| Martin ratioReturn relative to average drawdown | 14.80 | 1.13 | +13.67 |
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Drawdowns
SPPW.DE vs. SXR0.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.70%, which is greater than SXR0.DE's maximum drawdown of -27.73%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and SXR0.DE.
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Drawdown Indicators
| SPPW.DE | SXR0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.70% | -27.73% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -6.52% | -5.26% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -9.18% | -12.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -15.61% | -6.01% |
Current DrawdownCurrent decline from peak | -0.07% | -1.95% | +1.88% |
Average DrawdownAverage peak-to-trough decline | -4.89% | -3.96% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.44% | -0.80% |
Volatility
SPPW.DE vs. SXR0.DE - Volatility Comparison
SPDR MSCI World UCITS ETF (SPPW.DE) has a higher volatility of 3.15% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc) (SXR0.DE) at 2.35%. This indicates that SPPW.DE's price experiences larger fluctuations and is considered to be riskier than SXR0.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 | SXR0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 2.35% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 5.77% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 8.13% | +3.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 10.15% | +3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 11.61% | +4.99% |
SPPW.DE vs. SXR0.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than SXR0.DE's 0.35% expense ratio.
Dividends
SPPW.DE vs. SXR0.DE - Dividend Comparison
Neither SPPW.DE nor SXR0.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPW.DE and SXR0.DE have a correlation of 0.27, 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 SXR0.DE.
SPPW.DE tracks MSCI World, while SXR0.DE tracks MSCI World Minimum Volatility Index (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.35% for SXR0.DE.
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