WRDA.L vs. SPXS.MI
Compare and contrast key facts about UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) and Invesco S&P 500 UCITS ETF (SPXS.MI).
WRDA.L and SPXS.MI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WRDA.L is a passively managed fund by UBS that tracks the performance of the MSCI World Index. It was launched on Aug 5, 2025. SPXS.MI is a passively managed fund by Invesco that tracks the performance of the S&P 500 Index. It was launched on Jun 30, 2020. Both WRDA.L and SPXS.MI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
WRDA.L vs. SPXS.MI - Performance Comparison
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WRDA.L vs. SPXS.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | -1.39% | 12.77% | 20.02% |
SPXS.MI Invesco S&P 500 UCITS ETF | -2.72% | 9.95% | 24.77% |
Different Trading Currencies
WRDA.L is traded in GBp, while SPXS.MI is traded in EUR. To make them comparable, the SPXS.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WRDA.L achieves a -1.39% return, which is significantly higher than SPXS.MI's -2.72% return.
WRDA.L
- 1D
- 1.76%
- 1M
- -3.44%
- YTD
- -1.39%
- 6M
- 2.20%
- 1Y
- 16.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXS.MI
- 1D
- 1.89%
- 1M
- -2.72%
- YTD
- -2.72%
- 6M
- 0.72%
- 1Y
- 15.59%
- 3Y*
- 16.11%
- 5Y*
- 12.93%
- 10Y*
- 14.89%
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WRDA.L vs. SPXS.MI - Expense Ratio Comparison
WRDA.L has a 0.06% expense ratio, which is higher than SPXS.MI's 0.05% 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%.
Return for Risk
WRDA.L vs. SPXS.MI — Risk / Return Rank
WRDA.L
SPXS.MI
WRDA.L vs. SPXS.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) and Invesco S&P 500 UCITS ETF (SPXS.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.
| WRDA.L | SPXS.MI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 0.97 | +0.26 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.41 | +0.31 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 1.39 | +1.20 |
Martin ratioReturn relative to average drawdown | 9.58 | 5.75 | +3.84 |
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
| WRDA.L | SPXS.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.97 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.87 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.96 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.99 | +0.14 |
Correlation
The correlation between WRDA.L and SPXS.MI is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
WRDA.L vs. SPXS.MI - Dividend Comparison
Neither WRDA.L nor SPXS.MI has paid dividends to shareholders.
Drawdowns
WRDA.L vs. SPXS.MI - Drawdown Comparison
The maximum WRDA.L drawdown since its inception was -18.38%, smaller than the maximum SPXS.MI drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for WRDA.L and SPXS.MI.
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Drawdown Indicators
| WRDA.L | SPXS.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.38% | -33.57% | +15.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.06% | -13.20% | +3.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.57% | — |
Current DrawdownCurrent decline from peak | -3.67% | -5.11% | +1.44% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -4.41% | +2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 3.22% | -1.46% |
Volatility
WRDA.L vs. SPXS.MI - Volatility Comparison
UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) has a higher volatility of 4.18% compared to Invesco S&P 500 UCITS ETF (SPXS.MI) at 3.90%. This indicates that WRDA.L's price experiences larger fluctuations and is considered to be riskier than SPXS.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRDA.L | SPXS.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.18% | 3.90% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 8.57% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 16.12% | -2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.54% | 14.74% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.54% | 16.28% | -3.74% |