SPPY.DE vs. XWLD.L

Last updated Jun 5, 2026

SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and XWLD.L (Xtrackers MSCI World UCITS ETF 1C) are both exchange-traded funds - SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index, while XWLD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SPPY.DE returned 15.63%/yr vs 12.92%/yr for XWLD.L. Their correlation of 0.89 suggests significant overlap in exposure. SPPY.DE charges 0.10%/yr vs 0.19%/yr for XWLD.L.

Performance

SPPY.DE vs. XWLD.L - 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 Xtrackers MSCI World UCITS ETF 1C (XWLD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPPY.DE is traded in EUR, while XWLD.L is traded in GBp. To make them comparable, the XWLD.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with SPPY.DE having a 11.08% return and XWLD.L slightly higher at 11.20%.

SPPY.DE

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

XWLD.L

• 1D: -0.03%
• 1M: 4.90%
• YTD: 11.20%
• 6M: 11.49%
• 1Y: 23.97%
• 3Y*: 17.51%
• 5Y*: 12.92%
• 10Y*: 12.85%

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

SPPY.DE vs. XWLD.L - 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%
XWLD.L Xtrackers MSCI World UCITS ETF 1C	11.20%	6.72%	26.93%	20.07%	-13.14%	31.76%	6.06%	3.74%

Correlation

The correlation between SPPY.DE and XWLD.L is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.89

The correlation between SPPY.DE and XWLD.L has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.

Return for Risk

SPPY.DE vs. XWLD.L — 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

XWLD.L

XWLD.L Risk / Return Rank: 83
XWLD.L Sharpe Ratio Rank: 83
XWLD.L Sortino Ratio Rank: 83
XWLD.L Omega Ratio Rank: 85
XWLD.L Calmar Ratio Rank: 81
XWLD.L Martin Ratio Rank: 82

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. XWLD.L - 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 Xtrackers MSCI World UCITS ETF 1C (XWLD.L). 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	XWLD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.21	+0.22
Sortino ratio: Return per unit of downside risk	3.33	3.06	+0.27
Omega ratio: Gain probability vs. loss probability	1.44	1.41	+0.03
Calmar ratio: Return relative to maximum drawdown	4.21	3.61	+0.60
Martin ratio: Return relative to average drawdown	16.03	14.59	+1.44
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. XWLD.L - Sharpe Ratio Comparison

The current SPPY.DE Sharpe Ratio is 2.43, which is comparable to the XWLD.L Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of SPPY.DE and XWLD.L, 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	XWLD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.21	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.92	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.79	+0.13

Drawdowns

SPPY.DE vs. XWLD.L - Drawdown Comparison

The maximum SPPY.DE drawdown since its inception was -33.31%, roughly equal to the maximum XWLD.L drawdown of -32.84%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and XWLD.L.

Drawdown Indicators

	SPPY.DE	XWLD.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-32.84%	-0.47%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-6.60%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-23.82%	-21.34%	-2.48%
Max Drawdown (5Y) Largest decline over 5 years	-23.82%	-21.34%	-2.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.84%	—
Current Drawdown Current decline from peak	0.00%	-0.29%	+0.29%
Average Drawdown Average peak-to-trough decline	-4.84%	-4.53%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.64%	+0.13%

Volatility

SPPY.DE vs. XWLD.L - Volatility Comparison

State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a higher volatility of 2.69% compared to Xtrackers MSCI World UCITS ETF 1C (XWLD.L) at 2.19%. This indicates that SPPY.DE's price experiences larger fluctuations and is considered to be riskier than XWLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPPY.DE	XWLD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	2.19%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	7.52%	+0.27%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	10.82%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	14.09%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	15.13%	+2.44%

SPPY.DE vs. XWLD.L - Expense Ratio Comparison

SPPY.DE has a 0.10% expense ratio, which is lower than XWLD.L'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

SPPY.DE vs. XWLD.L - Dividend Comparison

Neither SPPY.DE nor XWLD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

SPPY.DE and XWLD.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPY.DE or XWLD.L?

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 XWLD.L?

SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for XWLD.L.

What is the main difference between SPPY.DE and XWLD.L?

SPPY.DE is categorized as S&P 500, while XWLD.L is Global Equities. SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while XWLD.L tracks MSCI ACWI NR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.10% for SPPY.DE and 0.19% for XWLD.L.