SPYY.DE vs. ACWI
SPYY.DE (State Street SPDR MSCI All Country World UCITS ETF (Acc)) and ACWI (iShares MSCI ACWI ETF) are both Global Equities funds - SPYY.DE tracks the MSCI ACWI Index while ACWI tracks the MSCI All Country World Index. Both are passively managed. Over the past 10 years, SPYY.DE returned 12.50%/yr vs 12.50%/yr for ACWI. A 0.66 correlation means they provide meaningful diversification when combined. SPYY.DE charges 0.12%/yr vs 0.32%/yr for ACWI.
Performance
SPYY.DE vs. ACWI - Performance Comparison
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Different Trading Currencies
SPYY.DE is traded in EUR, while ACWI is traded in USD. To make them comparable, the ACWI 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 SPYY.DE having a 14.10% return and ACWI slightly higher at 14.13%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: SPYY.DE at 12.50% and ACWI at 12.50%.
SPYY.DE
- 1D
- 0.62%
- 1M
- 1.16%
- 6M
- 14.08%
- YTD
- 14.10%
- 1Y
- 26.77%
- 3Y*
- 17.95%
- 5Y*
- 11.80%
- 10Y*
- 12.50%
ACWI
- 1D
- -0.39%
- 1M
- 0.50%
- 6M
- 13.08%
- YTD
- 14.13%
- 1Y
- 25.62%
- 3Y*
- 17.65%
- 5Y*
- 11.61%
- 10Y*
- 12.50%
SPYY.DE vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 14.10% | 9.46% | 24.56% | 18.22% | -13.76% | 29.02% | 5.12% | 30.21% | -6.02% | 8.80% |
ACWI iShares MSCI ACWI ETF | 14.11% | 7.89% | 25.20% | 18.61% | -13.33% | 27.54% | 6.75% | 29.45% | -4.92% | 9.05% |
Correlation
The correlation between SPYY.DE and ACWI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 16, 2011 | 0.66 |
The correlation between SPYY.DE and ACWI has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
SPYY.DE vs. ACWI — Risk / Return Rank
SPYY.DE
ACWI
SPYY.DE vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI All Country World UCITS ETF (Acc) (SPYY.DE) and iShares MSCI ACWI ETF (ACWI). 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.
| SPYY.DE | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.39 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.78 | +0.32 |
| Martin ratioReturn relative to average drawdown | 16.31 | 15.48 | +0.83 |
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Drawdowns
SPYY.DE vs. ACWI - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -40.72%, smaller than the maximum ACWI drawdown of -45.79%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and ACWI.
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Drawdown Indicators
| SPYY.DE | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.72% | -45.79% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -7.11% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -20.51% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -20.51% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | -32.80% | -0.69% |
Current DrawdownCurrent decline from peak | -0.09% | -0.97% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -6.40% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.73% | -0.09% |
Volatility
SPYY.DE vs. ACWI - Volatility Comparison
The current volatility for State Street SPDR MSCI All Country World UCITS ETF (Acc) (SPYY.DE) is 3.65%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 4.68%. This indicates that SPYY.DE experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYY.DE | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 4.68% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.62% | 10.11% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 12.84% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.95% | 15.23% | -1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 16.95% | -1.02% |
SPYY.DE vs. ACWI - Expense Ratio Comparison
SPYY.DE has a 0.12% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
SPYY.DE vs. ACWI - Dividend Comparison
SPYY.DE has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.44% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
SPYY.DE State Street SPDR MSCI All Country World UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYY.DE and ACWI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.DE is cheaper with a 0.12% expense ratio, compared with 0.32% for ACWI.
SPYY.DE tracks MSCI ACWI Index, while ACWI tracks MSCI All Country World Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SPYY.DE and 0.32% for ACWI.
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