SWRD.MI vs. EUNA.DE
SWRD.MI (SPDR MSCI World UCITS ETF) and EUNA.DE (iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - SWRD.MI is a Global Equities fund tracking the MSCI World Index, while EUNA.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged). Both are passively managed. Over the past 5 years, SWRD.MI returned 13.04%/yr vs -1.29%/yr for EUNA.DE. At a 0.05 correlation, their price movements are largely independent. SWRD.MI charges 0.12%/yr vs 0.10%/yr for EUNA.DE.
Performance
SWRD.MI vs. EUNA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SWRD.MI achieves a 10.80% return, which is significantly higher than EUNA.DE's -0.46% return.
SWRD.MI
- 1D
- -0.04%
- 1M
- 4.81%
- YTD
- 10.80%
- 6M
- 11.33%
- 1Y
- 23.90%
- 3Y*
- 17.67%
- 5Y*
- 13.04%
- 10Y*
- —
EUNA.DE
- 1D
- 0.22%
- 1M
- 0.18%
- YTD
- -0.46%
- 6M
- -0.29%
- 1Y
- 1.18%
- 3Y*
- 2.28%
- 5Y*
- -1.29%
- 10Y*
- —
SWRD.MI vs. EUNA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWRD.MI SPDR MSCI World UCITS ETF | 10.80% | 7.68% | 27.15% | 20.04% | -13.69% | 32.91% | 5.96% | 6.07% |
EUNA.DE iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.79% | 1.60% | 4.36% | -13.52% | -2.37% | 3.70% | -0.65% |
Correlation
The correlation between SWRD.MI and EUNA.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.05 |
Over the past year, SWRD.MI and EUNA.DE have become more correlated (0.26) than their long-term average of 0.05, meaning their price movements have been converging.
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Return for Risk
SWRD.MI vs. EUNA.DE — Risk / Return Rank
SWRD.MI
EUNA.DE
SWRD.MI vs. EUNA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWRD.MI) and iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.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.MI | EUNA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.06 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 0.43 | +3.26 |
| Martin ratioReturn relative to average drawdown | 14.67 | 1.18 | +13.49 |
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.MI | EUNA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.34 | +1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | -0.28 | +1.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | -0.05 | +0.88 |
Drawdowns
SWRD.MI vs. EUNA.DE - Drawdown Comparison
The maximum SWRD.MI drawdown since its inception was -33.74%, which is greater than EUNA.DE's maximum drawdown of -17.79%. Use the drawdown chart below to compare losses from any high point for SWRD.MI and EUNA.DE.
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Drawdown Indicators
| SWRD.MI | EUNA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -17.79% | -15.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -2.75% | -3.72% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -4.02% | -17.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -17.03% | -4.43% |
Current DrawdownCurrent decline from peak | -0.32% | -8.66% | +8.34% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -6.76% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 0.99% | +0.64% |
Volatility
SWRD.MI vs. EUNA.DE - Volatility Comparison
SPDR MSCI World UCITS ETF (SWRD.MI) has a higher volatility of 2.61% compared to iShares Core Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (EUNA.DE) at 1.35%. This indicates that SWRD.MI's price experiences larger fluctuations and is considered to be riskier than EUNA.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.MI | EUNA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 1.35% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 2.82% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 3.46% | +7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 4.64% | +9.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 4.27% | +12.50% |
SWRD.MI vs. EUNA.DE - Expense Ratio Comparison
SWRD.MI has a 0.12% expense ratio, which is higher than EUNA.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SWRD.MI vs. EUNA.DE - Dividend Comparison
Neither SWRD.MI nor EUNA.DE has paid dividends to shareholders.
Frequently Asked Questions
SWRD.MI and EUNA.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNA.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for SWRD.MI.
SWRD.MI is categorized as Global Equities, while EUNA.DE is Global Bonds. SWRD.MI tracks MSCI World Index, while EUNA.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged). They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SWRD.MI and 0.10% for EUNA.DE.
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