SXR3.DE vs. SWRD.MI
SXR3.DE (iShares MSCI UK UCITS ETF (Acc)) and SWRD.MI (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SXR3.DE is a Europe Equities fund tracking the MSCI UK, while SWRD.MI is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, SXR3.DE returned 9.64%/yr vs 13.04%/yr for SWRD.MI. A 0.60 correlation means they provide meaningful diversification when combined. SXR3.DE charges 0.33%/yr vs 0.12%/yr for SWRD.MI.
Performance
SXR3.DE vs. SWRD.MI - Performance Comparison
Loading charts...
Returns By Period
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
- 1D
- -0.04%
- 1M
- 3.66%
- YTD
- 10.80%
- 6M
- 10.87%
- 1Y
- 23.79%
- 3Y*
- 17.67%
- 5Y*
- 13.04%
- 10Y*
- —
SXR3.DE vs. SWRD.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SXR3.DE iShares MSCI UK UCITS ETF (Acc) | -0.00% | 15.66% | 13.52% | 9.60% | 0.36% | 25.69% | -17.21% | 6.50% |
SWRD.MI SPDR MSCI World UCITS ETF | 10.80% | 7.68% | 27.15% | 20.04% | -13.69% | 32.91% | 5.96% | 6.07% |
Correlation
The correlation between SXR3.DE and SWRD.MI 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 SXR3.DE and SWRD.MI has dropped to 0.35 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SXR3.DE vs. SWRD.MI — Risk / Return Rank
SXR3.DE
SWRD.MI
SXR3.DE vs. SWRD.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (SXR3.DE) and SPDR MSCI World UCITS ETF (SWRD.MI). 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.
| SXR3.DE | SWRD.MI | 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 | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.64 | 3.69 | -3.05 |
| Martin ratioReturn relative to average drawdown | 1.32 | 14.67 | -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. | |||
Loading charts...
Sharpe Ratios by Period
| SXR3.DE | SWRD.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 2.16 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.92 | -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 | 0.44 | 0.82 | -0.38 |
Drawdowns
SXR3.DE vs. SWRD.MI - Drawdown Comparison
The maximum SXR3.DE drawdown since its inception was -40.36%, which is greater than SWRD.MI's maximum drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for SXR3.DE and SWRD.MI.
Loading charts...
Drawdown Indicators
| SXR3.DE | SWRD.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -33.74% | -6.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -6.47% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -16.69% | -21.46% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -16.69% | -21.46% | +4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -40.36% | — | — |
Current DrawdownCurrent decline from peak | -10.13% | -0.32% | -9.81% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -4.63% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 1.63% | +3.32% |
Volatility
SXR3.DE vs. SWRD.MI - Volatility Comparison
The current volatility for iShares MSCI UK UCITS ETF (Acc) (SXR3.DE) is 0.00%, while SPDR MSCI World UCITS ETF (SWRD.MI) has a volatility of 2.61%. This indicates that SXR3.DE experiences smaller price fluctuations and is considered to be less risky than SWRD.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SXR3.DE | SWRD.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.61% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 14.03% | 7.70% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.13% | 11.05% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.49% | 14.09% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 16.77% | +0.19% |
SXR3.DE vs. SWRD.MI - Expense Ratio Comparison
SXR3.DE has a 0.33% expense ratio, which is higher than SWRD.MI's 0.12% expense ratio.
Dividends
SXR3.DE vs. SWRD.MI - Dividend Comparison
Neither SXR3.DE nor SWRD.MI has paid dividends to shareholders.
Frequently Asked Questions
SXR3.DE and SWRD.MI 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.
SXR3.DE is categorized as Europe Equities, while SWRD.MI is Global Equities. SXR3.DE tracks MSCI UK, while SWRD.MI tracks MSCI World Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.33% for SXR3.DE and 0.12% for SWRD.MI.
Find the right allocation for SXR3.DE and SWRD.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer