SWRD.L vs. EIMI.L
Compare and contrast key facts about SPDR MSCI World UCITS ETF (SWRD.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.L).
SWRD.L and EIMI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SWRD.L is a passively managed fund by State Street that tracks the performance of the MSCI World Index. It was launched on Feb 28, 2019. EIMI.L is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Investable Market Index. It was launched on May 30, 2014. Both SWRD.L and EIMI.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: SWRD.L or EIMI.L.
Key characteristics
| SWRD.L | EIMI.L | |
|---|---|---|
| YTD Return | 18.64% | 7.74% |
| 1Y Return | 27.56% | 13.22% |
| 3Y Return (Ann) | 6.62% | -2.46% |
| 5Y Return (Ann) | 12.12% | 3.75% |
| Sharpe Ratio | 2.35 | 0.87 |
| Sortino Ratio | 3.27 | 1.34 |
| Omega Ratio | 1.43 | 1.16 |
| Calmar Ratio | 3.26 | 0.50 |
| Martin Ratio | 15.18 | 4.38 |
| Ulcer Index | 1.76% | 2.95% |
| Daily Std Dev | 11.36% | 14.94% |
| Max Drawdown | -34.10% | -38.73% |
| Current Drawdown | -2.18% | -14.80% |
Correlation
The correlation between SWRD.L and EIMI.L is 0.72, 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
SWRD.L vs. EIMI.L - Performance Comparison
In the year-to-date period, SWRD.L achieves a 18.64% return, which is significantly higher than EIMI.L's 7.74% 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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SWRD.L vs. EIMI.L - Expense Ratio Comparison
SWRD.L has a 0.12% expense ratio, which is lower than EIMI.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SWRD.L vs. EIMI.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWRD.L) and iShares Core MSCI EM IMI UCITS ETF (EIMI.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
SWRD.L vs. EIMI.L - Dividend Comparison
Neither SWRD.L nor EIMI.L has paid dividends to shareholders.
Drawdowns
SWRD.L vs. EIMI.L - Drawdown Comparison
The maximum SWRD.L drawdown since its inception was -34.10%, smaller than the maximum EIMI.L drawdown of -38.73%. Use the drawdown chart below to compare losses from any high point for SWRD.L and EIMI.L. For additional features, visit the drawdowns tool.
Volatility
SWRD.L vs. EIMI.L - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SWRD.L) is 3.45%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 4.86%. This indicates that SWRD.L experiences smaller price fluctuations and is considered to be less risky than EIMI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.