SWDA.L vs. SPYL.DE
SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - SWDA.L is a Global Equities fund tracking the MSCI World Index, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, SWDA.L returned 27.05% vs 28.59% for SPYL.DE. Their correlation of 0.91 suggests significant overlap in exposure. SWDA.L charges 0.20%/yr vs 0.03%/yr for SPYL.DE.
Performance
SWDA.L vs. SPYL.DE - Performance Comparison
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Different Trading Currencies
SWDA.L is traded in GBp, while SPYL.DE is traded in EUR. To make them comparable, the SPYL.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SWDA.L having a 10.17% return and SPYL.DE slightly higher at 10.44%.
SWDA.L
- 1D
- 1.23%
- 1M
- 1.62%
- YTD
- 10.17%
- 6M
- 10.55%
- 1Y
- 27.05%
- 3Y*
- 17.68%
- 5Y*
- 12.78%
- 10Y*
- 14.16%
SPYL.DE
- 1D
- -0.07%
- 1M
- 1.01%
- YTD
- 10.44%
- 6M
- 10.99%
- 1Y
- 28.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SWDA.L vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 12.64% | 21.11% | 9.83% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 10.44% | 10.16% | 26.56% | 9.17% |
Correlation
The correlation between SWDA.L and SPYL.DE is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.91 |
The correlation between SWDA.L and SPYL.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
SWDA.L vs. SPYL.DE — Risk / Return Rank
SWDA.L
SPYL.DE
SWDA.L vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
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.
| SWDA.L | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.47 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 4.07 | +0.04 |
| Martin ratioReturn relative to average drawdown | 16.14 | 14.64 | +1.51 |
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Drawdowns
SWDA.L vs. SPYL.DE - Drawdown Comparison
The maximum SWDA.L drawdown since its inception was -41.70%, which is greater than SPYL.DE's maximum drawdown of -22.01%. Use the drawdown chart below to compare losses from any high point for SWDA.L and SPYL.DE.
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Drawdown Indicators
| SWDA.L | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.70% | -22.01% | -19.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.08% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.58% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.31% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -9.49% | -2.86% | -6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.97% | -0.30% |
Volatility
SWDA.L vs. SPYL.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a higher volatility of 3.25% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 3.03%. This indicates that SWDA.L's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWDA.L | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.03% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.42% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 11.07% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.35% | 13.82% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.59% | 13.82% | +0.77% |
SWDA.L vs. SPYL.DE - Expense Ratio Comparison
SWDA.L has a 0.20% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SWDA.L vs. SPYL.DE - Dividend Comparison
Neither SWDA.L nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
SWDA.L and SPYL.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SWDA.L is categorized as Global Equities, while SPYL.DE is S&P 500. SWDA.L tracks MSCI World Index, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.20% for SWDA.L and 0.03% for SPYL.DE.
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