WUTI.AS vs. ^GSPC

Last updated Jun 4, 2026

WUTI.AS (SPDR MSCI World Utilities UCITS ETF) is Utilities Equities fund tracking the MSCI World/Utilities NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, WUTI.AS returned 8.48%/yr vs 13.40%/yr for ^GSPC. At a 0.31 correlation, their price movements are largely independent.

Performance

WUTI.AS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI World Utilities UCITS ETF (WUTI.AS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WUTI.AS is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, WUTI.AS achieves a 7.10% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, WUTI.AS has underperformed ^GSPC with an annualized return of 8.48%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.

WUTI.AS

• 1D: 1.36%
• 1M: -3.64%
• YTD: 7.10%
• 6M: 6.06%
• 1Y: 14.02%
• 3Y*: 12.39%
• 5Y*: 10.14%
• 10Y*: 8.48%

^GSPC

• 1D: 0.27%
• 1M: 5.17%
• YTD: 12.06%
• 6M: 10.90%
• 1Y: 24.89%
• 3Y*: 17.85%
• 5Y*: 13.43%
• 10Y*: 13.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WUTI.AS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WUTI.AS SPDR MSCI World Utilities UCITS ETF	7.10%	11.17%	20.70%	-3.59%	2.39%	19.69%	-4.50%	24.65%	7.03%	-0.04%
^GSPC S&P 500 Index	12.06%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Correlation

The correlation between WUTI.AS and ^GSPC is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Feb 26, 2009	0.31

Over the past year, the correlation between WUTI.AS and ^GSPC has dropped to 0.09 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.

Return for Risk

WUTI.AS vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WUTI.AS

WUTI.AS Risk / Return Rank: 33
WUTI.AS Sharpe Ratio Rank: 32
WUTI.AS Sortino Ratio Rank: 31
WUTI.AS Omega Ratio Rank: 29
WUTI.AS Calmar Ratio Rank: 39
WUTI.AS Martin Ratio Rank: 34

^GSPC

^GSPC Risk / Return Rank: 80
^GSPC Sharpe Ratio Rank: 79
^GSPC Sortino Ratio Rank: 79
^GSPC Omega Ratio Rank: 79
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WUTI.AS vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Utilities UCITS ETF (WUTI.AS) 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.

	WUTI.AS	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.04	-0.89
Sortino ratio: Return per unit of downside risk	1.63	2.65	-1.02
Omega ratio: Gain probability vs. loss probability	1.19	1.37	-0.18
Calmar ratio: Return relative to maximum drawdown	1.92	3.30	-1.38
Martin ratio: Return relative to average drawdown	5.24	12.34	-7.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WUTI.AS vs. ^GSPC - Sharpe Ratio Comparison

The current WUTI.AS Sharpe Ratio is 1.15, which is lower than the ^GSPC Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of WUTI.AS and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WUTI.AS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	2.04	-0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.80	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.72	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.51	-0.08

Drawdowns

WUTI.AS vs. ^GSPC - Drawdown Comparison

The maximum WUTI.AS drawdown since its inception was -33.51%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for WUTI.AS and ^GSPC.

Drawdown Indicators

	WUTI.AS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-33.51%	-51.62%	+18.11%
Max Drawdown (1Y) Largest decline over 1 year	-7.21%	-7.57%	+0.36%
Max Drawdown (3Y) Largest decline over 3 years	-12.60%	-23.99%	+11.39%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-23.99%	+1.00%
Max Drawdown (10Y) Largest decline over 10 years	-33.51%	-33.42%	-0.09%
Current Drawdown Current decline from peak	-5.66%	-0.20%	-5.46%
Average Drawdown Average peak-to-trough decline	-7.59%	-9.08%	+1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.61%	2.02%	+0.59%

Volatility

WUTI.AS vs. ^GSPC - Volatility Comparison

SPDR MSCI World Utilities UCITS ETF (WUTI.AS) has a higher volatility of 4.15% compared to S&P 500 Index (^GSPC) at 2.24%. This indicates that WUTI.AS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WUTI.AS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	2.24%	+1.91%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	8.62%	+1.26%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	12.29%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	16.79%	-2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.41%	18.59%	-2.18%

Frequently Asked Questions

Can I hold both WUTI.AS and ^GSPC in my portfolio?

WUTI.AS and ^GSPC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.