SWRD.MI vs. VUAA.DE
SWRD.MI (SPDR MSCI World UCITS ETF) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both exchange-traded funds - SWRD.MI is a Global Equities fund tracking the MSCI World Index, while VUAA.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, SWRD.MI returned 13.04%/yr vs 14.77%/yr for VUAA.DE. Their correlation of 0.89 suggests significant overlap in exposure. SWRD.MI charges 0.12%/yr vs 0.07%/yr for VUAA.DE.
Performance
SWRD.MI vs. VUAA.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 lower than VUAA.DE's 11.41% 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*
- —
VUAA.DE
- 1D
- -0.12%
- 1M
- 5.23%
- YTD
- 11.41%
- 6M
- 11.44%
- 1Y
- 25.64%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- —
SWRD.MI vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SWRD.MI SPDR MSCI World UCITS ETF | 10.80% | 7.68% | 27.15% | 20.04% | -13.69% | 32.91% | 2.75% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.41% | 4.68% | 32.33% | 22.52% | -14.29% | 40.76% | 3.17% |
Correlation
The correlation between SWRD.MI and VUAA.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.89 |
The correlation between SWRD.MI and VUAA.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
SWRD.MI vs. VUAA.DE — Risk / Return Rank
SWRD.MI
VUAA.DE
SWRD.MI vs. VUAA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World UCITS ETF (SWRD.MI) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.56 | +0.13 |
| Martin ratioReturn relative to average drawdown | 14.67 | 12.74 | +1.93 |
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 | VUAA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.20 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.97 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.81 | +0.01 |
Drawdowns
SWRD.MI vs. VUAA.DE - Drawdown Comparison
The maximum SWRD.MI drawdown since its inception was -33.74%, roughly equal to the maximum VUAA.DE drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for SWRD.MI and VUAA.DE.
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Drawdown Indicators
| SWRD.MI | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -33.67% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -7.16% | +0.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -23.33% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -23.33% | +1.87% |
Current DrawdownCurrent decline from peak | -0.32% | -0.45% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -5.07% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.01% | -0.38% |
Volatility
SWRD.MI vs. VUAA.DE - Volatility Comparison
SPDR MSCI World UCITS ETF (SWRD.MI) and Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) have volatilities of 2.61% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWRD.MI | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 2.65% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.70% | 7.61% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.05% | 11.58% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 15.12% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 17.59% | -0.82% |
SWRD.MI vs. VUAA.DE - Expense Ratio Comparison
SWRD.MI has a 0.12% expense ratio, which is higher than VUAA.DE's 0.07% 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. VUAA.DE - Dividend Comparison
Neither SWRD.MI nor VUAA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, SWRD.MI and VUAA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for SWRD.MI.
SWRD.MI is categorized as Global Equities, while VUAA.DE is S&P 500. SWRD.MI tracks MSCI World Index, while VUAA.DE tracks S&P 500 Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.12% for SWRD.MI and 0.07% for VUAA.DE.
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