SPPY.DE vs. SPPW.DE

Last updated Jun 5, 2026

SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, SPPY.DE returned 15.63%/yr vs 13.03%/yr for SPPW.DE. With a 0.96 correlation, they move nearly in lockstep. SPPY.DE charges 0.10%/yr vs 0.12%/yr for SPPW.DE.

Performance

SPPY.DE vs. SPPW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and SPDR MSCI World UCITS ETF (SPPW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPPY.DE having a 11.08% return and SPPW.DE slightly lower at 10.85%.

SPPY.DE

• 1D: 0.58%
• 1M: 5.11%
• YTD: 11.08%
• 6M: 11.71%
• 1Y: 28.37%
• 3Y*: 18.87%
• 5Y*: 15.63%
• 10Y*: —

SPPW.DE

• 1D: -0.31%
• 1M: 4.83%
• YTD: 10.85%
• 6M: 11.34%
• 1Y: 23.90%
• 3Y*: 17.79%
• 5Y*: 13.03%
• 10Y*: —

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

SPPY.DE vs. SPPW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF	11.08%	4.44%	32.87%	26.92%	-14.47%	41.09%	8.04%	4.57%
SPPW.DE SPDR MSCI World UCITS ETF	10.85%	8.03%	26.09%	20.25%	-13.28%	32.66%	5.27%	4.14%

Correlation

The correlation between SPPY.DE and SPPW.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.96

The correlation between SPPY.DE and SPPW.DE has been stable across timeframes, ranging from 0.92 to 0.96 - a consistent structural relationship.

Return for Risk

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

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

SPPY.DE

SPPY.DE Risk / Return Rank: 78
SPPY.DE Sharpe Ratio Rank: 76
SPPY.DE Sortino Ratio Rank: 75
SPPY.DE Omega Ratio Rank: 76
SPPY.DE Calmar Ratio Rank: 82
SPPY.DE Martin Ratio Rank: 81

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and SPDR MSCI World UCITS ETF (SPPW.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.

	SPPY.DE	SPPW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.16	+0.28
Sortino ratio: Return per unit of downside risk	3.33	2.99	+0.34
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	4.21	3.66	+0.55
Martin ratio: Return relative to average drawdown	16.03	14.69	+1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SPPY.DE Sharpe Ratio is 2.43, which is comparable to the SPPW.DE Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of SPPY.DE and SPPW.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

	SPPY.DE	SPPW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.16	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.92	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.86	+0.06

Drawdowns

SPPY.DE vs. SPPW.DE - Drawdown Comparison

The maximum SPPY.DE drawdown since its inception was -33.31%, roughly equal to the maximum SPPW.DE drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and SPPW.DE.

Drawdown Indicators

	SPPY.DE	SPPW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-33.69%	+0.38%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-6.51%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-23.82%	-21.62%	-2.20%
Max Drawdown (5Y) Largest decline over 5 years	-23.82%	-21.62%	-2.20%
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-4.84%	-4.43%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.63%	+0.14%

Volatility

SPPY.DE vs. SPPW.DE - Volatility Comparison

State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and SPDR MSCI World UCITS ETF (SPPW.DE) have volatilities of 2.69% and 2.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPY.DE	SPPW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	2.70%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	7.62%	+0.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	11.11%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	14.06%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	16.08%	+1.49%

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

SPPY.DE has a 0.10% expense ratio, which is lower than SPPW.DE's 0.12% 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

SPPY.DE vs. SPPW.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.92, SPPY.DE and SPPW.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.

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

On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for SPPW.DE.

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

SPPY.DE is categorized as S&P 500, while SPPW.DE is Global Equities. SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while SPPW.DE tracks MSCI World. Their fees differ too: 0.10% for SPPY.DE and 0.12% for SPPW.DE.