SWLD.L vs. ^SP500TR
SWLD.L (State Street SPDR MSCI World UCITS ETF) is Global Equities fund tracking the MSCI World Index, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, SWLD.L returned 12.25%/yr vs 13.86%/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 9.92% return, which is significantly lower than ^SP500TR's 10.87% return.
SWLD.L
- 1D
- -0.63%
- 1M
- -0.25%
- 6M
- 8.72%
- YTD
- 9.92%
- 1Y
- 21.18%
- 3Y*
- 17.88%
- 5Y*
- 12.25%
- 10Y*
- —
^SP500TR
- 1D
- -0.65%
- 1M
- -0.57%
- 6M
- 9.30%
- YTD
- 10.87%
- 1Y
- 21.44%
- 3Y*
- 19.19%
- 5Y*
- 13.86%
- 10Y*
- 14.97%
SWLD.L vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWLD.L State Street SPDR MSCI World UCITS ETF | 9.92% | 12.84% | 21.21% | 17.69% | -8.06% | 23.66% | 12.00% | -13.14% |
^SP500TR S&P 500 Total Return | 10.87% | 9.48% | 27.20% | 19.98% | -8.37% | 29.92% | 14.92% | 16.01% |
Correlation
The correlation between SWLD.L and ^SP500TR is 0.65, 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 | 0.65 |
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 Feb 26, 2019 | 0.58 |
The correlation between SWLD.L and ^SP500TR has been stable across timeframes, ranging from 0.56 to 0.65 - 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 State Street 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.
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.
| SWLD.L | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.22 | 2.86 | +0.36 |
| Martin ratioReturn relative to average drawdown | 12.56 | 10.71 | +1.84 |
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Drawdowns
SWLD.L vs. ^SP500TR - Drawdown Comparison
The maximum SWLD.L drawdown since its inception was -32.06%, 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 | -32.06% | -34.87% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -7.54% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.94% | -21.89% | +1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -19.94% | -21.89% | +1.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.86% | — |
Current DrawdownCurrent decline from peak | -1.06% | -1.36% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -4.74% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.01% | -0.33% |
Volatility
SWLD.L vs. ^SP500TR - Volatility Comparison
The current volatility for State Street SPDR MSCI World UCITS ETF (SWLD.L) is 2.59%, while S&P 500 Total Return (^SP500TR) has a volatility of 3.40%. 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 | 2.59% | 3.40% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 9.00% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 12.02% | -1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.13% | 15.96% | +3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.95% | 18.05% | +2.90% |
Frequently Asked Questions
SWLD.L and ^SP500TR have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for SWLD.L and ^SP500TR
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