TRS5.L vs. ACWD.L
TRS5.L (SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF) and ACWD.L (SPDR MSCI All Country World UCITS ETF) are both exchange-traded funds - TRS5.L is a Government Bonds fund tracking the Bloomberg US 3-7 Year Treasury Bond Index, while ACWD.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 10 years, TRS5.L returned 0.83%/yr vs 12.65%/yr for ACWD.L. At a correlation of -0.07, they often move in opposite directions. TRS5.L charges 0.05%/yr vs 0.12%/yr for ACWD.L.
Performance
TRS5.L vs. ACWD.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRS5.L achieves a -0.40% return, which is significantly lower than ACWD.L's 11.54% return. Over the past 10 years, TRS5.L has underperformed ACWD.L with an annualized return of 0.83%, while ACWD.L has yielded a comparatively higher 12.65% annualized return.
TRS5.L
- 1D
- 0.18%
- 1M
- -0.41%
- YTD
- -0.40%
- 6M
- 0.07%
- 1Y
- 3.32%
- 3Y*
- 3.66%
- 5Y*
- 0.31%
- 10Y*
- 0.83%
ACWD.L
- 1D
- -0.03%
- 1M
- 4.32%
- YTD
- 11.54%
- 6M
- 13.01%
- 1Y
- 28.98%
- 3Y*
- 21.24%
- 5Y*
- 11.32%
- 10Y*
- 12.65%
TRS5.L vs. ACWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | -0.40% | 7.27% | 2.02% | 4.16% | -9.49% | -2.44% | 6.80% | 4.29% | -0.46% | -0.42% |
ACWD.L SPDR MSCI All Country World UCITS ETF | 11.54% | 22.83% | 17.76% | 22.27% | -18.37% | 18.77% | 15.91% | 25.80% | -9.85% | 24.09% |
Correlation
The correlation between TRS5.L and ACWD.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016 | -0.07 |
The correlation between TRS5.L and ACWD.L shifts across timeframes, from -0.07 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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
TRS5.L vs. ACWD.L — Risk / Return Rank
TRS5.L
ACWD.L
TRS5.L vs. ACWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) and SPDR MSCI All Country World UCITS ETF (ACWD.L). 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.
| TRS5.L | ACWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.43 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 3.30 | -2.00 |
| Martin ratioReturn relative to average drawdown | 4.14 | 13.80 | -9.65 |
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
| TRS5.L | ACWD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 2.30 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.73 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.80 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.73 | -0.50 |
Drawdowns
TRS5.L vs. ACWD.L - Drawdown Comparison
The maximum TRS5.L drawdown since its inception was -14.35%, smaller than the maximum ACWD.L drawdown of -33.64%. Use the drawdown chart below to compare losses from any high point for TRS5.L and ACWD.L.
Loading charts...
Drawdown Indicators
| TRS5.L | ACWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.35% | -33.64% | +19.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -8.73% | +6.25% |
Max Drawdown (3Y)Largest decline over 3 years | -3.70% | -16.51% | +12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -13.64% | -26.18% | +12.54% |
Max Drawdown (10Y)Largest decline over 10 years | -14.35% | -33.64% | +19.29% |
Current DrawdownCurrent decline from peak | -1.60% | -0.69% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -4.67% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 2.10% | -1.32% |
Volatility
TRS5.L vs. ACWD.L - Volatility Comparison
The current volatility for SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF (TRS5.L) is 1.15%, while SPDR MSCI All Country World UCITS ETF (ACWD.L) has a volatility of 3.87%. This indicates that TRS5.L experiences smaller price fluctuations and is considered to be less risky than ACWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRS5.L | ACWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 3.87% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 9.89% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.91% | 12.54% | -9.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.71% | 15.58% | -10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.81% | 15.85% | -12.04% |
TRS5.L vs. ACWD.L - Expense Ratio Comparison
TRS5.L has a 0.05% expense ratio, which is lower than ACWD.L's 0.12% 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
TRS5.L vs. ACWD.L - Dividend Comparison
TRS5.L's dividend yield for the trailing twelve months is around 3.93%, while ACWD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ACWD.L SPDR MSCI All Country World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TRS5.L SPDR Bloomberg 3-7 Year US Treasury Bond UCITS ETF | 3.93% | 3.68% | 3.24% | 1.97% | 1.12% | 0.98% | 1.66% | 1.09% |
Frequently Asked Questions
TRS5.L and ACWD.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRS5.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRS5.L is cheaper with a 0.05% expense ratio, compared with 0.12% for ACWD.L.
TRS5.L is categorized as Government Bonds, while ACWD.L is Global Equities. TRS5.L tracks Bloomberg US 3-7 Year Treasury Bond Index, while ACWD.L tracks MSCI ACWI Index. Their fees differ too: 0.05% for TRS5.L and 0.12% for ACWD.L.
Find the right allocation for TRS5.L and ACWD.L
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