SWRD.AS vs. SLMC.DE
SWRD.AS (SPDR MSCI World UCITS ETF) and SLMC.DE (iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc)) are both exchange-traded funds - SWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while SLMC.DE is a Europe Equities fund tracking the MSCI Europe ESG Screened. Both are passively managed. Over the past 5 years, SWRD.AS returned 12.98%/yr vs 9.42%/yr for SLMC.DE. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.12% expense ratio.
Performance
SWRD.AS vs. SLMC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SWRD.AS achieves a 11.10% return, which is significantly higher than SLMC.DE's 6.44% 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*
- —
SLMC.DE
- 1D
- -0.86%
- 1M
- 4.30%
- YTD
- 6.44%
- 6M
- 9.49%
- 1Y
- 15.40%
- 3Y*
- 13.39%
- 5Y*
- 9.42%
- 10Y*
- —
SWRD.AS vs. SLMC.DE - 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% |
SLMC.DE iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) | 6.44% | 18.79% | 8.99% | 17.54% | -11.33% | 24.92% | -1.75% | 14.54% |
Correlation
The correlation between SWRD.AS and SLMC.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.79 |
The correlation between SWRD.AS and SLMC.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
SWRD.AS vs. SLMC.DE — Risk / Return Rank
SWRD.AS
SLMC.DE
SWRD.AS vs. SLMC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWRD.AS) and iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.DE). 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 | SLMC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 1.52 | +2.13 |
| Martin ratioReturn relative to average drawdown | 14.76 | 5.68 | +9.07 |
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 | SLMC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.14 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.64 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.64 | +0.21 |
Drawdowns
SWRD.AS vs. SLMC.DE - Drawdown Comparison
The maximum SWRD.AS drawdown since its inception was -33.61%, roughly equal to the maximum SLMC.DE drawdown of -34.92%. Use the drawdown chart below to compare losses from any high point for SWRD.AS and SLMC.DE.
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Drawdown Indicators
| SWRD.AS | SLMC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.61% | -34.92% | +1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -10.10% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -16.83% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.51% | -20.92% | -0.59% |
Current DrawdownCurrent decline from peak | -0.29% | -2.11% | +1.82% |
Average DrawdownAverage peak-to-trough decline | -4.42% | -4.88% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.70% | -1.09% |
Volatility
SWRD.AS vs. SLMC.DE - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SWRD.AS) is 2.79%, while iShares MSCI Europe ESG Screened UCITS ETF EUR (Acc) (SLMC.DE) has a volatility of 4.92%. This indicates that SWRD.AS experiences smaller price fluctuations and is considered to be less risky than SLMC.DE 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 | SLMC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 4.92% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 11.14% | -3.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 13.43% | -2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 14.49% | -0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 16.52% | -0.51% |
SWRD.AS vs. SLMC.DE - Expense Ratio Comparison
Both SWRD.AS and SLMC.DE have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SWRD.AS vs. SLMC.DE - Dividend Comparison
Neither SWRD.AS nor SLMC.DE has paid dividends to shareholders.
Frequently Asked Questions
SWRD.AS and SLMC.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SWRD.AS and SLMC.DE have the same expense ratio: 0.12% per year.
SWRD.AS is categorized as Global Equities, while SLMC.DE is Europe Equities. SWRD.AS tracks MSCI ACWI NR USD, while SLMC.DE tracks MSCI Europe ESG Screened. They also come from different issuers: State Street and iShares.
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