SPXS.MI vs. WRDA.L
SPXS.MI (Invesco S&P 500 UCITS ETF) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both exchange-traded funds - SPXS.MI is a S&P 500 fund tracking the S&P 500 Index, while WRDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past year, SPXS.MI returned 25.86% vs 24.09% for WRDA.L. Their correlation of 0.91 suggests significant overlap in exposure. SPXS.MI charges 0.05%/yr vs 0.06%/yr for WRDA.L.
Performance
SPXS.MI vs. WRDA.L - Performance Comparison
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Different Trading Currencies
SPXS.MI is traded in EUR, while WRDA.L is traded in GBp. To make them comparable, the WRDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with SPXS.MI having a 11.42% return and WRDA.L slightly lower at 11.15%.
SPXS.MI
- 1D
- -0.11%
- 1M
- 5.27%
- YTD
- 11.42%
- 6M
- 11.54%
- 1Y
- 25.86%
- 3Y*
- 19.09%
- 5Y*
- 14.98%
- 10Y*
- 15.17%
WRDA.L
- 1D
- -0.02%
- 1M
- 4.93%
- YTD
- 11.15%
- 6M
- 11.53%
- 1Y
- 24.09%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXS.MI vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPXS.MI Invesco S&P 500 UCITS ETF | 11.42% | 4.51% | 28.38% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 11.15% | 6.89% | 23.75% |
Correlation
The correlation between SPXS.MI and WRDA.L 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 (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.91 |
The correlation between SPXS.MI and WRDA.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
SPXS.MI vs. WRDA.L — Risk / Return Rank
SPXS.MI
WRDA.L
SPXS.MI vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (SPXS.MI) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.
| SPXS.MI | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 3.65 | +0.05 |
| Martin ratioReturn relative to average drawdown | 13.16 | 14.80 | -1.64 |
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
| SPXS.MI | WRDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.25 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 1.33 | -0.38 |
Drawdowns
SPXS.MI vs. WRDA.L - Drawdown Comparison
The maximum SPXS.MI drawdown since its inception was -33.57%, which is greater than WRDA.L's maximum drawdown of -20.42%. Use the drawdown chart below to compare losses from any high point for SPXS.MI and WRDA.L.
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Drawdown Indicators
| SPXS.MI | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -20.42% | -13.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -6.58% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -23.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.29% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -2.83% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.62% | +0.34% |
Volatility
SPXS.MI vs. WRDA.L - Volatility Comparison
Invesco S&P 500 UCITS ETF (SPXS.MI) has a higher volatility of 2.68% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.16%. This indicates that SPXS.MI's price experiences larger fluctuations and is considered to be riskier than WRDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPXS.MI | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.16% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 7.37% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 10.67% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 13.50% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.31% | 13.50% | +2.81% |
SPXS.MI vs. WRDA.L - Expense Ratio Comparison
SPXS.MI has a 0.05% expense ratio, which is lower than WRDA.L's 0.06% 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
SPXS.MI vs. WRDA.L - Dividend Comparison
Neither SPXS.MI nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, SPXS.MI and WRDA.L 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, SPXS.MI is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.MI is cheaper with a 0.05% expense ratio, compared with 0.06% for WRDA.L.
SPXS.MI is categorized as S&P 500, while WRDA.L is Global Equities. SPXS.MI tracks S&P 500 Index, while WRDA.L tracks MSCI World Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.05% for SPXS.MI and 0.06% for WRDA.L.
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