SWLD.L vs. ^SP500TR
SWLD.L (SPDR MSCI World UCITS ETF) is Global Equities fund tracking the MSCI ACWI NR USD, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, SWLD.L returned 13.15%/yr vs 15.15%/yr for ^SP500TR. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
SWLD.L vs. ^SP500TR - Performance Comparison
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Different Trading Currencies
SWLD.L is traded in GBP, while ^SP500TR is traded in USD. To make them comparable, the ^SP500TR values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWLD.L achieves a 9.96% return, which is significantly lower than ^SP500TR's 11.30% return.
SWLD.L
- 1D
- -0.28%
- 1M
- 5.24%
- YTD
- 9.96%
- 6M
- 10.41%
- 1Y
- 27.28%
- 3Y*
- 17.98%
- 5Y*
- 13.15%
- 10Y*
- —
^SP500TR
- 1D
- -0.47%
- 1M
- 5.87%
- YTD
- 11.30%
- 6M
- 10.35%
- 1Y
- 28.95%
- 3Y*
- 19.44%
- 5Y*
- 15.15%
- 10Y*
- 16.50%
SWLD.L vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWLD.L SPDR MSCI World UCITS ETF | 9.96% | 12.85% | 21.19% | 17.70% | -8.06% | 23.66% | 12.00% | 14.48% |
^SP500TR S&P 500 Total Return | 11.30% | 9.48% | 27.20% | 19.98% | -8.37% | 29.92% | 14.92% | 16.87% |
Correlation
The correlation between SWLD.L and ^SP500TR is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.58 |
The correlation between SWLD.L and ^SP500TR has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
SWLD.L vs. ^SP500TR — Risk / Return Rank
SWLD.L
^SP500TR
SWLD.L vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWLD.L) and S&P 500 Total Return (^SP500TR). 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.
| SWLD.L | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.47 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.86 | +0.27 |
| Martin ratioReturn relative to average drawdown | 16.62 | 14.89 | +1.73 |
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
| SWLD.L | ^SP500TR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 2.52 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.96 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.69 | +0.22 |
Drawdowns
SWLD.L vs. ^SP500TR - Drawdown Comparison
The maximum SWLD.L drawdown since its inception was -25.85%, smaller than the maximum ^SP500TR drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for SWLD.L and ^SP500TR.
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Drawdown Indicators
| SWLD.L | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.85% | -34.87% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -7.54% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.65% | -21.89% | +3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.65% | -21.89% | +3.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.86% | — |
Current DrawdownCurrent decline from peak | -0.28% | -0.47% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -4.76% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.95% | -0.31% |
Volatility
SWLD.L vs. ^SP500TR - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SWLD.L) is 2.52%, while S&P 500 Total Return (^SP500TR) has a volatility of 2.75%. This indicates that SWLD.L experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWLD.L | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 2.75% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.23% | 8.23% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 11.56% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 15.86% | -2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 18.16% | -2.90% |
Frequently Asked Questions
SWLD.L and ^SP500TR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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