SPY1.DE vs. SPPW.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SPY1.DE is a S&P 500 fund tracking the S&P 500 Low Volatility, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, SPY1.DE returned 5.96%/yr vs 13.03%/yr for SPPW.DE. A 0.56 correlation means they provide meaningful diversification when combined. SPY1.DE charges 0.35%/yr vs 0.12%/yr for SPPW.DE.
Performance
SPY1.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than SPPW.DE's 10.85% return.
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
SPY1.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | -10.69% | 16.59% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between SPY1.DE and SPPW.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.56 |
Over the past year, the correlation between SPY1.DE and SPPW.DE has dropped to 0.15 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
SPY1.DE vs. SPPW.DE — Risk / Return Rank
SPY1.DE
SPPW.DE
SPY1.DE vs. SPPW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.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.
| SPY1.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.40 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 3.66 | -3.89 |
| Martin ratioReturn relative to average drawdown | -0.48 | 14.69 | -15.18 |
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
| SPY1.DE | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.16 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.92 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.86 | -0.17 |
Drawdowns
SPY1.DE vs. SPPW.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, roughly equal to the maximum SPPW.DE drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and SPPW.DE.
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Drawdown Indicators
| SPY1.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -33.69% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -6.51% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -21.62% | +7.03% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -21.62% | +5.30% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | — | — |
Current DrawdownCurrent decline from peak | -11.45% | -0.31% | -11.14% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -4.43% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 1.63% | +1.52% |
Volatility
SPY1.DE vs. SPPW.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a higher volatility of 3.46% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that SPY1.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY1.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 2.70% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 7.62% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 11.11% | -0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 14.06% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 16.08% | -2.08% |
SPY1.DE vs. SPPW.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio.
Dividends
SPY1.DE vs. SPPW.DE - Dividend Comparison
Neither SPY1.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and SPPW.DE have a correlation of 0.15, 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 SPY1.DE.
SPY1.DE is categorized as S&P 500, while SPPW.DE is Global Equities. SPY1.DE tracks S&P 500 Low Volatility, while SPPW.DE tracks MSCI World. Their fees differ too: 0.35% for SPY1.DE and 0.12% for SPPW.DE.
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