SWLD.L vs. IMID.L
Compare and contrast key facts about SPDR MSCI World UCITS ETF (SWLD.L) and SPDR MSCI ACWI IMI (IMID.L).
SWLD.L and IMID.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SWLD.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on Feb 28, 2019. IMID.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on May 13, 2011. Both SWLD.L and IMID.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWLD.L or IMID.L.
Key characteristics
SWLD.L | IMID.L | |
---|---|---|
YTD Return | 8.53% | 10.30% |
1Y Return | 15.18% | 19.16% |
3Y Return (Ann) | 7.15% | 3.80% |
5Y Return (Ann) | 10.42% | 10.58% |
Sharpe Ratio | 0.45 | 1.54 |
Daily Std Dev | 32.42% | 12.10% |
Max Drawdown | -32.06% | -39.56% |
Current Drawdown | -8.72% | -3.71% |
Correlation
The correlation between SWLD.L and IMID.L is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SWLD.L vs. IMID.L - Performance Comparison
In the year-to-date period, SWLD.L achieves a 8.53% return, which is significantly lower than IMID.L's 10.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWLD.L vs. IMID.L - Expense Ratio Comparison
SWLD.L has a 0.12% expense ratio, which is lower than IMID.L's 0.40% expense ratio.
Risk-Adjusted Performance
SWLD.L vs. IMID.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWLD.L) and SPDR MSCI ACWI IMI (IMID.L). 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.
Dividends
SWLD.L vs. IMID.L - Dividend Comparison
Neither SWLD.L nor IMID.L has paid dividends to shareholders.
Drawdowns
SWLD.L vs. IMID.L - Drawdown Comparison
The maximum SWLD.L drawdown since its inception was -32.06%, smaller than the maximum IMID.L drawdown of -39.56%. Use the drawdown chart below to compare losses from any high point for SWLD.L and IMID.L. For additional features, visit the drawdowns tool.
Volatility
SWLD.L vs. IMID.L - Volatility Comparison
SPDR MSCI World UCITS ETF (SWLD.L) has a higher volatility of 3.71% compared to SPDR MSCI ACWI IMI (IMID.L) at 3.39%. This indicates that SWLD.L's price experiences larger fluctuations and is considered to be riskier than IMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.