SPYL.DE vs. SWDA.L
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 25.22% for SWDA.L. Their correlation of 0.91 suggests significant overlap in exposure. SPYL.DE charges 0.03%/yr vs 0.20%/yr for SWDA.L.
Performance
SPYL.DE vs. SWDA.L - Performance Comparison
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Different Trading Currencies
SPYL.DE is traded in EUR, while SWDA.L is traded in GBp. To make them comparable, the SWDA.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 SPYL.DE having a 11.37% return and SWDA.L slightly lower at 11.28%.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.89%
- YTD
- 11.37%
- 6M
- 12.70%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SWDA.L
- 1D
- 1.15%
- 1M
- 2.64%
- YTD
- 11.28%
- 6M
- 12.42%
- 1Y
- 25.22%
- 3Y*
- 17.18%
- 5Y*
- 12.61%
- 10Y*
- 13.07%
SPYL.DE vs. SWDA.L - 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% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 11.28% | 6.76% | 26.95% | 10.20% |
Correlation
The correlation between SPYL.DE and SWDA.L is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.91 |
The correlation between SPYL.DE and SWDA.L has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. SWDA.L — Risk / Return Rank
SPYL.DE
SWDA.L
SPYL.DE vs. SWDA.L - 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 iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYL.DE | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 3.84 | -0.27 |
| Martin ratioReturn relative to average drawdown | 12.72 | 15.58 | -2.86 |
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Drawdowns
SPYL.DE vs. SWDA.L - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum SWDA.L drawdown of -41.36%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and SWDA.L.
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Drawdown Indicators
| SPYL.DE | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -41.36% | +18.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.53% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.00% | — |
Current DrawdownCurrent decline from peak | -0.46% | -0.08% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -8.77% | +5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.61% | +0.40% |
Volatility
SPYL.DE vs. SWDA.L - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a volatility of 2.96%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 2.96% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.93% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 11.12% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 14.11% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 15.25% | -0.65% |
SPYL.DE vs. SWDA.L - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than SWDA.L's 0.20% 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. SWDA.L - Dividend Comparison
Neither SPYL.DE nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SPYL.DE and SWDA.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, 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 0.20% for SWDA.L.
SPYL.DE is categorized as S&P 500, while SWDA.L is Global Equities. SPYL.DE tracks S&P 500 Index, while SWDA.L tracks MSCI World Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.03% for SPYL.DE and 0.20% for SWDA.L.
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