SWRD.MI vs. SXR3.DE
SWRD.MI (SPDR MSCI World UCITS ETF) and SXR3.DE (iShares MSCI UK UCITS ETF (Acc)) are both exchange-traded funds - SWRD.MI is a Global Equities fund tracking the MSCI World Index, while SXR3.DE is a Europe Equities fund tracking the MSCI UK. Both are passively managed. Over the past 5 years, SWRD.MI returned 13.04%/yr vs 9.64%/yr for SXR3.DE. A 0.60 correlation means they provide meaningful diversification when combined. SWRD.MI charges 0.12%/yr vs 0.33%/yr for SXR3.DE.
Performance
SWRD.MI vs. SXR3.DE - Performance Comparison
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Returns By Period
SWRD.MI
- 1D
- -0.04%
- 1M
- 4.81%
- YTD
- 10.80%
- 6M
- 11.33%
- 1Y
- 23.90%
- 3Y*
- 17.67%
- 5Y*
- 13.04%
- 10Y*
- —
SXR3.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -0.00%
- 6M
- -0.00%
- 1Y
- 6.37%
- 3Y*
- 10.41%
- 5Y*
- 9.64%
- 10Y*
- 6.68%
SWRD.MI vs. SXR3.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% |
SXR3.DE iShares MSCI UK UCITS ETF (Acc) | -0.00% | 15.66% | 13.52% | 9.60% | 0.36% | 25.69% | -17.21% | 6.50% |
Correlation
The correlation between SWRD.MI and SXR3.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.60 |
Over the past year, the correlation between SWRD.MI and SXR3.DE has dropped to 0.35 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
SWRD.MI vs. SXR3.DE — Risk / Return Rank
SWRD.MI
SXR3.DE
SWRD.MI vs. SXR3.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 MSCI UK UCITS ETF (Acc) (SXR3.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 | SXR3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.24 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 0.64 | +3.05 |
| Martin ratioReturn relative to average drawdown | 14.67 | 1.32 | +13.35 |
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 | SXR3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.43 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.66 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.44 | +0.38 |
Drawdowns
SWRD.MI vs. SXR3.DE - Drawdown Comparison
The maximum SWRD.MI drawdown since its inception was -33.74%, smaller than the maximum SXR3.DE drawdown of -40.36%. Use the drawdown chart below to compare losses from any high point for SWRD.MI and SXR3.DE.
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Drawdown Indicators
| SWRD.MI | SXR3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -40.36% | +6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -10.13% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -16.69% | -4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -16.69% | -4.77% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.36% | — |
Current DrawdownCurrent decline from peak | -0.32% | -10.13% | +9.81% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -6.29% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 4.95% | -3.32% |
Volatility
SWRD.MI vs. SXR3.DE - Volatility Comparison
SPDR MSCI World UCITS ETF (SWRD.MI) has a higher volatility of 2.61% compared to iShares MSCI UK UCITS ETF (Acc) (SXR3.DE) at 0.00%. This indicates that SWRD.MI's price experiences larger fluctuations and is considered to be riskier than SXR3.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 | SXR3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 0.00% | +2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 14.03% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 15.13% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 14.49% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 16.96% | -0.19% |
SWRD.MI vs. SXR3.DE - Expense Ratio Comparison
SWRD.MI has a 0.12% expense ratio, which is lower than SXR3.DE's 0.33% expense ratio.
Dividends
SWRD.MI vs. SXR3.DE - Dividend Comparison
Neither SWRD.MI nor SXR3.DE has paid dividends to shareholders.
Frequently Asked Questions
SWRD.MI and SXR3.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWRD.MI is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWRD.MI is cheaper with a 0.12% expense ratio, compared with 0.33% for SXR3.DE.
SWRD.MI is categorized as Global Equities, while SXR3.DE is Europe Equities. SWRD.MI tracks MSCI World Index, while SXR3.DE tracks MSCI UK. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SWRD.MI and 0.33% for SXR3.DE.
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