SPYY.DE vs. FWIA.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds - SPYY.DE tracks the MSCI All Country World (ACWI) while FWIA.DE tracks the FTSE All-World. Both are passively managed. Over the past year, SPYY.DE returned 26.75% vs 26.57% for FWIA.DE. With a 0.97 correlation, they move nearly in lockstep. SPYY.DE charges 0.40%/yr vs 0.15%/yr for FWIA.DE.
Performance
SPYY.DE vs. FWIA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPYY.DE having a 12.54% return and FWIA.DE slightly higher at 12.60%.
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
FWIA.DE
- 1D
- -0.22%
- 1M
- 4.98%
- YTD
- 12.60%
- 6M
- 13.33%
- 1Y
- 26.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYY.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 5.96% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between SPYY.DE and FWIA.DE is 0.99 - 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 | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.97 |
The correlation between SPYY.DE and FWIA.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
SPYY.DE vs. FWIA.DE — Risk / Return Rank
SPYY.DE
FWIA.DE
SPYY.DE vs. FWIA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.DE) and Invesco FTSE All-World UCITS ETF Acc (FWIA.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.
| SPYY.DE | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 4.08 | +0.02 |
| Martin ratioReturn relative to average drawdown | 16.60 | 16.52 | +0.08 |
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
| SPYY.DE | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.36 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.40 | -0.58 |
Drawdowns
SPYY.DE vs. FWIA.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and FWIA.DE.
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Drawdown Indicators
| SPYY.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -20.96% | -12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -6.49% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -0.61% | -0.62% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -2.44% | -1.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.60% | +0.01% |
Volatility
SPYY.DE vs. FWIA.DE - Volatility Comparison
SPDR MSCI ACWI UCITS ETF (SPYY.DE) and Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) have volatilities of 3.05% and 2.96%, 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
| SPYY.DE | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.96% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 8.09% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 11.22% | +0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 13.18% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 13.18% | +1.89% |
SPYY.DE vs. FWIA.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
SPYY.DE vs. FWIA.DE - Dividend Comparison
Neither SPYY.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, SPYY.DE and FWIA.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, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.40% for SPYY.DE.
SPYY.DE tracks MSCI All Country World (ACWI), while FWIA.DE tracks FTSE All-World. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.40% for SPYY.DE and 0.15% for FWIA.DE.
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