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.
Performance
SWLD.L vs. IMID.L - Performance Comparison
Returns By Period
In the year-to-date period, SWLD.L achieves a 19.63% return, which is significantly higher than IMID.L's 16.61% return.
SWLD.L
19.63%
2.65%
8.45%
0.62%
12.52%
N/A
IMID.L
16.61%
-1.02%
6.98%
24.81%
10.72%
9.07%
Key characteristics
| SWLD.L | IMID.L | |
|---|---|---|
| Sharpe Ratio | 2.45 | 2.12 |
| Sortino Ratio | 3.44 | 3.01 |
| Omega Ratio | 1.47 | 1.39 |
| Calmar Ratio | 1.23 | 3.13 |
| Martin Ratio | 17.24 | 13.56 |
| Ulcer Index | 1.43% | 1.77% |
| Daily Std Dev | 32.33% | 11.30% |
| Max Drawdown | -32.06% | -39.56% |
| Current Drawdown | -0.91% | -1.92% |
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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.
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.
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
The current volatility for SPDR MSCI World UCITS ETF (SWLD.L) is 3.04%, while SPDR MSCI ACWI IMI (IMID.L) has a volatility of 3.33%. This indicates that SWLD.L experiences smaller price fluctuations and is considered to be less risky than IMID.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.