SPYL.DE vs. SPPW.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past year, SPYL.DE returned 25.61% vs 23.90% for SPPW.DE. With a 0.97 correlation, they move nearly in lockstep. SPYL.DE charges 0.03%/yr vs 0.12%/yr for SPPW.DE.
Performance
SPYL.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SPYL.DE having a 11.37% return and SPPW.DE slightly lower at 10.85%.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 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*
- —
SPYL.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 8.99% |
Correlation
The correlation between SPYL.DE and SPPW.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.97 |
The correlation between SPYL.DE and SPPW.DE has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. SPPW.DE — Risk / Return Rank
SPYL.DE
SPPW.DE
SPYL.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 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| SPYL.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.66 | -0.09 |
| Martin ratioReturn relative to average drawdown | 12.72 | 14.69 | -1.97 |
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
| SPYL.DE | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.16 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.86 | +0.68 |
Drawdowns
SPYL.DE vs. SPPW.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum SPPW.DE drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and SPPW.DE.
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Drawdown Indicators
| SPYL.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -33.69% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.51% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.62% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.31% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -4.43% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.63% | +0.38% |
Volatility
SPYL.DE vs. SPPW.DE - Volatility Comparison
State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and SPDR MSCI World UCITS ETF (SPPW.DE) have volatilities of 2.66% 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.
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Volatility by Period
| SPYL.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.70% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.62% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 11.11% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 14.06% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 16.08% | -1.47% |
SPYL.DE vs. SPPW.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% 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
SPYL.DE vs. SPPW.DE - Dividend Comparison
Neither SPYL.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, SPYL.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.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.12% for SPPW.DE.
SPYL.DE is categorized as S&P 500, while SPPW.DE is Global Equities. SPYL.DE tracks S&P 500 Index, while SPPW.DE tracks MSCI World. Their fees differ too: 0.03% for SPYL.DE and 0.12% for SPPW.DE.
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