SWRD.MI vs. URTH
SWRD.MI (SPDR MSCI World UCITS ETF) and URTH (iShares MSCI World ETF) are both Global Equities funds - SWRD.MI tracks the MSCI World Index while URTH tracks the MSCI World Index (Net). Both are passively managed. Over the past 5 years, SWRD.MI returned 12.39%/yr vs 12.05%/yr for URTH. A 0.57 correlation means they provide meaningful diversification when combined. SWRD.MI charges 0.12%/yr vs 0.24%/yr for URTH.
Performance
SWRD.MI vs. URTH - Performance Comparison
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Different Trading Currencies
SWRD.MI is traded in EUR, while URTH is traded in USD. To make them comparable, the URTH values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SWRD.MI achieves a 10.92% return, which is significantly higher than URTH's 10.35% return.
SWRD.MI
- 1D
- 0.00%
- 1M
- 0.92%
- YTD
- 10.92%
- 6M
- 11.29%
- 1Y
- 24.73%
- 3Y*
- 18.11%
- 5Y*
- 12.39%
- 10Y*
- —
URTH
- 1D
- -1.07%
- 1M
- -0.47%
- YTD
- 10.35%
- 6M
- 9.39%
- 1Y
- 22.73%
- 3Y*
- 17.43%
- 5Y*
- 12.05%
- 10Y*
- 13.03%
SWRD.MI vs. URTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SWRD.MI SPDR MSCI World UCITS ETF | 10.92% | 7.68% | 27.15% | 20.04% | -13.69% | 32.97% | 5.91% | 15.92% |
URTH iShares MSCI World ETF | 10.35% | 6.96% | 26.49% | 20.23% | -12.88% | 31.42% | 6.24% | 16.58% |
Correlation
The correlation between SWRD.MI and URTH is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019 | 0.57 |
The correlation between SWRD.MI and URTH shifts across timeframes, from 0.57 (all time) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SWRD.MI vs. URTH — Risk / Return Rank
SWRD.MI
URTH
SWRD.MI vs. URTH - 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 World ETF (URTH). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SWRD.MI | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.35 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.48 | +0.37 |
| Martin ratioReturn relative to average drawdown | 15.23 | 14.18 | +1.05 |
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Drawdowns
SWRD.MI vs. URTH - Drawdown Comparison
The maximum SWRD.MI drawdown since its inception was -33.74%, roughly equal to the maximum URTH drawdown of -33.45%. Use the drawdown chart below to compare losses from any high point for SWRD.MI and URTH.
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Drawdown Indicators
| SWRD.MI | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -33.45% | -0.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -6.56% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -20.94% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -20.94% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.45% | — |
Current DrawdownCurrent decline from peak | -0.80% | -2.12% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -4.09% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.61% | +0.02% |
Volatility
SWRD.MI vs. URTH - Volatility Comparison
The current volatility for SPDR MSCI World UCITS ETF (SWRD.MI) is 3.00%, while iShares MSCI World ETF (URTH) has a volatility of 3.91%. This indicates that SWRD.MI experiences smaller price fluctuations and is considered to be less risky than URTH 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 | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 3.91% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 9.16% | -1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 12.09% | -0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.19% | 15.43% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 17.20% | -0.82% |
SWRD.MI vs. URTH - Expense Ratio Comparison
SWRD.MI has a 0.12% expense ratio, which is lower than URTH's 0.24% 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%.
Dividends
SWRD.MI vs. URTH - Dividend Comparison
SWRD.MI has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWRD.MI SPDR MSCI World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTH iShares MSCI World ETF | 1.44% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
SWRD.MI and URTH have a correlation of 0.68, 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 0.24% for URTH.
SWRD.MI tracks MSCI World Index, while URTH tracks MSCI World Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for SWRD.MI and 0.24% for URTH.
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