VALW.L vs. ^GSPC
VALW.L (SPDR MSCI World Value UCITS ETF) is Global Equities fund tracking the MSCI ACWI Value NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, VALW.L returned 14.43%/yr vs 12.74%/yr for ^GSPC. At a 0.43 correlation, their price movements are largely independent.
Performance
VALW.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
VALW.L is traded in GBP, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VALW.L achieves a 18.06% return, which is significantly higher than ^GSPC's 9.89% return.
VALW.L
- 1D
- -1.34%
- 1M
- 1.41%
- YTD
- 18.06%
- 6M
- 17.79%
- 1Y
- 44.53%
- 3Y*
- 21.00%
- 5Y*
- 14.43%
- 10Y*
- —
^GSPC
- 1D
- -1.33%
- 1M
- 0.35%
- YTD
- 9.89%
- 6M
- 9.22%
- 1Y
- 25.30%
- 3Y*
- 17.75%
- 5Y*
- 12.74%
- 10Y*
- 14.13%
VALW.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VALW.L SPDR MSCI World Value UCITS ETF | 18.06% | 27.02% | 5.92% | 16.41% | 0.09% | 20.68% | -18.17% |
^GSPC S&P 500 Index | 9.89% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 4.31% |
Correlation
The correlation between VALW.L and ^GSPC is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2020 | 0.43 |
The correlation between VALW.L and ^GSPC shifts across timeframes, from 0.41 (3 years) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VALW.L vs. ^GSPC — Risk / Return Rank
VALW.L
^GSPC
VALW.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Value UCITS ETF (VALW.L) and S&P 500 Index (^GSPC). 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.
| VALW.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.39 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 6.30 | 3.16 | +3.13 |
| Martin ratioReturn relative to average drawdown | 23.08 | 11.62 | +11.46 |
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Drawdowns
VALW.L vs. ^GSPC - Drawdown Comparison
The maximum VALW.L drawdown since its inception was -28.59%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for VALW.L and ^GSPC.
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Drawdown Indicators
| VALW.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.59% | -37.07% | +8.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -8.03% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -19.71% | -22.15% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.71% | -22.15% | +2.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.01% | — |
Current DrawdownCurrent decline from peak | -1.34% | -1.33% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -6.89% | -5.30% | -1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.18% | -0.26% |
Volatility
VALW.L vs. ^GSPC - Volatility Comparison
The current volatility for SPDR MSCI World Value UCITS ETF (VALW.L) is 4.37%, while S&P 500 Index (^GSPC) has a volatility of 4.70%. This indicates that VALW.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VALW.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.37% | 4.70% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 9.17% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 12.16% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 15.98% | +2.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 18.11% | +2.77% |
Frequently Asked Questions
VALW.L and ^GSPC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for VALW.L and ^GSPC
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