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SWLD.L vs. MINT.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWLD.L vs. MINT.L

Last updated Jul 16, 2026
Documentation

SWLD.L (State Street SPDR MSCI World UCITS ETF) and MINT.L (PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF) are both Global Equities funds - SWLD.L tracks the MSCI World Index while MINT.L tracks the PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. Both are passively managed. Over the past 5 years, SWLD.L returned 12.25%/yr vs 3.84%/yr for MINT.L. At a 0.13 correlation, their price movements are largely independent.

Performance

SWLD.L vs. MINT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in State Street SPDR MSCI World UCITS ETF (SWLD.L) and PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SWLD.L is traded in GBP, while MINT.L is traded in USD. To make them comparable, the MINT.L 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 higher than MINT.L's 1.92% 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*
—

MINT.L

1D
0.00%
1M
-0.55%
6M
1.49%
YTD
1.92%
1Y
3.41%
3Y*
4.02%
5Y*
3.84%
10Y*
2.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWLD.L vs. MINT.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
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%
MINT.L
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF		1.92%-2.80%7.60%0.43%11.14%0.85%-1.68%1.26%

Correlation

The correlation between SWLD.L and MINT.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.17

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2019

0.13

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

State Street SPDR MSCI World UCITS ETF

PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF

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SWLD.L vs. VWRP.LSWLD.L vs. SWDA.LSWLD.L vs. VHVG.LSWLD.L vs. IMID.LSWLD.L vs. VWRL.LSWLD.L vs. LGGG.LSWLD.L vs. SSAC.L

Return for Risk

SWLD.L vs. MINT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWLD.L
SWLD.L Risk / Return Rank: 8080
Overall Rank
SWLD.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SWLD.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
SWLD.L Omega Ratio Rank: 8080
Omega Ratio Rank
SWLD.L Calmar Ratio Rank: 7878
Calmar Ratio Rank
SWLD.L Martin Ratio Rank: 8282
Martin Ratio Rank
MINT.L
MINT.L Risk / Return Rank: 9999
Overall Rank
MINT.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
MINT.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
MINT.L Omega Ratio Rank: 9999
Omega Ratio Rank
MINT.L Calmar Ratio Rank: 9999
Calmar Ratio Rank
MINT.L Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SWLD.L vs. MINT.L - 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 PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.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.

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.LMINT.LDifference
Sharpe ratioReturn per unit of total volatility
2.02
0.55

+1.47

Sortino ratioReturn per unit of downside risk
2.81
0.82

+1.99

Omega ratioGain probability vs. loss probability

1.37

1.10

+0.28

Calmar ratioReturn relative to maximum drawdown

3.22

0.72

+2.50

Martin ratioReturn relative to average drawdown

12.56

1.97

+10.58

SWLD.L vs. MINT.L - Sharpe Ratio Comparison

The current SWLD.L Sharpe Ratio is 2.02, which is higher than the MINT.L Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of SWLD.L and MINT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SWLD.L vs. MINT.L - Drawdown Comparison

The maximum SWLD.L drawdown since its inception was -32.06%, which is greater than MINT.L's maximum drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for SWLD.L and MINT.L.

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Drawdown Indicators

SWLD.LMINT.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.06%

-15.69%

-16.37%

Max Drawdown (1Y)

Largest decline over 1 year

-6.56%

-5.03%

-1.53%

Max Drawdown (3Y)

Largest decline over 3 years

-19.94%

-9.68%

-10.26%

Max Drawdown (5Y)

Largest decline over 5 years

-19.94%

-15.65%

-4.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-15.69%

—

Current Drawdown

Current decline from peak

-1.06%

-4.61%

+3.55%

Average Drawdown

Average peak-to-trough decline

-6.94%

-6.12%

-0.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.68%

1.83%

-0.15%

Volatility

SWLD.L vs. MINT.L - Volatility Comparison

State Street SPDR MSCI World UCITS ETF (SWLD.L) has a higher volatility of 2.59% compared to PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L) at 1.67%. This indicates that SWLD.L's price experiences larger fluctuations and is considered to be riskier than MINT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SWLD.LMINT.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.59%

1.67%

+0.92%

Volatility (6M)

Calculated over the trailing 6-month period

7.80%

5.05%

+2.75%

Volatility (1Y)

Calculated over the trailing 1-year period

10.45%

6.57%

+3.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.13%

8.43%

+10.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.95%

8.71%

+12.24%

Dividends

SWLD.L vs. MINT.L - Dividend Comparison

SWLD.L has not paid dividends to shareholders, while MINT.L's dividend yield for the trailing twelve months is around 4.36%.

PositionTTM20252024202320222021202020192018201720162015
MINT.L
PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF		4.36%4.43%5.18%4.81%1.51%0.34%1.17%2.63%2.33%1.56%1.31%0.79%
SWLD.L
State Street SPDR MSCI World UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SWLD.L and MINT.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWLD.L tracks MSCI World Index, while MINT.L tracks PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF. They also come from different issuers: State Street and PIMCO.

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