SWRD.AS vs. ECAR.L
SWRD.AS (SPDR MSCI World UCITS ETF) and ECAR.L (iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc)) are both exchange-traded funds - SWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while ECAR.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, SWRD.AS returned 12.98%/yr vs 13.96%/yr for ECAR.L. A 0.75 correlation means they provide meaningful diversification when combined. SWRD.AS charges 0.12%/yr vs 0.40%/yr for ECAR.L.
Performance
SWRD.AS vs. ECAR.L - Performance Comparison
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Different Trading Currencies
SWRD.AS is traded in EUR, while ECAR.L is traded in USD. To make them comparable, the ECAR.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWRD.AS achieves a 11.10% return, which is significantly lower than ECAR.L's 62.88% return.
SWRD.AS
- 1D
- -0.29%
- 1M
- 5.59%
- YTD
- 11.10%
- 6M
- 11.67%
- 1Y
- 23.98%
- 3Y*
- 17.79%
- 5Y*
- 12.98%
- 10Y*
- —
ECAR.L
- 1D
- 0.56%
- 1M
- 24.45%
- YTD
- 62.88%
- 6M
- 65.31%
- 1Y
- 93.76%
- 3Y*
- 24.52%
- 5Y*
- 13.96%
- 10Y*
- —
SWRD.AS vs. ECAR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWRD.AS SPDR MSCI World UCITS ETF | 11.10% | 7.29% | 27.33% | 20.14% | -13.35% | 32.60% | 6.05% | 15.56% |
ECAR.L iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) | 62.88% | 9.57% | 5.60% | 23.28% | -22.77% | 24.84% | 22.66% | 5.86% |
Correlation
The correlation between SWRD.AS and ECAR.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.75 |
The correlation between SWRD.AS and ECAR.L has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
SWRD.AS vs. ECAR.L — Risk / Return Rank
SWRD.AS
ECAR.L
SWRD.AS vs. ECAR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWRD.AS) and iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.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.
| SWRD.AS | ECAR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.57 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 7.56 | -3.91 |
| Martin ratioReturn relative to average drawdown | 14.76 | 23.89 | -9.14 |
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
| SWRD.AS | ECAR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 3.67 | -1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.60 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.64 | +0.21 |
Drawdowns
SWRD.AS vs. ECAR.L - Drawdown Comparison
The maximum SWRD.AS drawdown since its inception was -33.61%, smaller than the maximum ECAR.L drawdown of -40.80%. Use the drawdown chart below to compare losses from any high point for SWRD.AS and ECAR.L.
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Drawdown Indicators
| SWRD.AS | ECAR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.61% | -40.80% | +7.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -12.34% | +5.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -29.62% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -30.02% | +8.51% |
Current DrawdownCurrent decline from peak | -0.29% | 0.00% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -9.83% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 3.91% | -2.30% |
Volatility
SWRD.AS vs. ECAR.L - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SWRD.AS) is 2.79%, while iShares Electric Vehicles and Driving Technology UCITS ETF USD (Acc) (ECAR.L) has a volatility of 11.82%. This indicates that SWRD.AS experiences smaller price fluctuations and is considered to be less risky than ECAR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWRD.AS | ECAR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 11.82% | -9.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 20.47% | -12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 25.49% | -14.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 23.38% | -9.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 24.67% | -8.66% |
SWRD.AS vs. ECAR.L - Expense Ratio Comparison
SWRD.AS has a 0.12% expense ratio, which is lower than ECAR.L's 0.40% expense ratio.
Dividends
SWRD.AS vs. ECAR.L - Dividend Comparison
Neither SWRD.AS nor ECAR.L has paid dividends to shareholders.
Frequently Asked Questions
SWRD.AS and ECAR.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWRD.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWRD.AS is cheaper with a 0.12% expense ratio, compared with 0.40% for ECAR.L.
SWRD.AS is categorized as Global Equities, while ECAR.L is Technology Equities. SWRD.AS tracks MSCI ACWI NR USD, while ECAR.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SWRD.AS and 0.40% for ECAR.L.
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