SPPW.DE vs. SXRS.DE
SPPW.DE (SPDR MSCI World UCITS ETF) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - SPPW.DE is a Global Equities fund tracking the MSCI World, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, SPPW.DE returned 13.03%/yr vs 12.06%/yr for SXRS.DE. At a 0.23 correlation, their price movements are largely independent. SPPW.DE charges 0.12%/yr vs 0.19%/yr for SXRS.DE.
Performance
SPPW.DE vs. SXRS.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 SXRS.DE's 23.84% 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*
- —
SXRS.DE
- 1D
- -1.56%
- 1M
- -3.05%
- YTD
- 23.84%
- 6M
- 24.41%
- 1Y
- 35.20%
- 3Y*
- 12.54%
- 5Y*
- 12.06%
- 10Y*
- —
SPPW.DE vs. SXRS.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% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 23.84% | 4.72% | 10.95% | -10.44% | 20.69% | 40.00% | -13.37% | 4.22% |
Correlation
The correlation between SPPW.DE and SXRS.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.23 |
The correlation between SPPW.DE and SXRS.DE shifts across timeframes, from -0.07 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPPW.DE vs. SXRS.DE — Risk / Return Rank
SPPW.DE
SXRS.DE
SPPW.DE vs. SXRS.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 Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | 4.00 | -0.34 |
| Martin ratioReturn relative to average drawdown | 14.69 | 8.95 | +5.74 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.87 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.70 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.53 | +0.33 |
Drawdowns
SPPW.DE vs. SXRS.DE - Drawdown Comparison
The maximum SPPW.DE drawdown since its inception was -33.69%, which is greater than SXRS.DE's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for SPPW.DE and SXRS.DE.
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Drawdown Indicators
| SPPW.DE | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.69% | -27.64% | -6.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -8.75% | +2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.62% | -16.03% | -5.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.62% | -27.56% | +5.94% |
Current DrawdownCurrent decline from peak | -0.31% | -4.99% | +4.68% |
Average DrawdownAverage peak-to-trough decline | -4.43% | -13.12% | +8.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 3.92% | -2.29% |
Volatility
SPPW.DE vs. SXRS.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SPPW.DE) is 2.70%, while iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) has a volatility of 5.76%. This indicates that SPPW.DE experiences smaller price fluctuations and is considered to be less risky than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 5.76% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.62% | 16.67% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 18.76% | -7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 17.13% | -3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.85% | +0.23% |
SPPW.DE vs. SXRS.DE - Expense Ratio Comparison
SPPW.DE has a 0.12% expense ratio, which is lower than SXRS.DE's 0.19% 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. SXRS.DE - Dividend Comparison
Neither SPPW.DE nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPW.DE and SXRS.DE have a correlation of -0.07, 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 0.19% for SXRS.DE.
SPPW.DE is categorized as Global Equities, while SXRS.DE is Commodities. SPPW.DE tracks MSCI World, while SXRS.DE tracks Bloomberg Commodity. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPPW.DE and 0.19% for SXRS.DE.
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