XMAW.L vs. SPPW.DE

Last updated Jun 5, 2026

XMAW.L (Xtrackers MSCI AC World ESG Screened UCITS ETF 1C) and SPPW.DE (SPDR MSCI World UCITS ETF) are both Global Equities funds - XMAW.L tracks the MSCI ACWI NR USD while SPPW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, XMAW.L returned 12.36%/yr vs 13.16%/yr for SPPW.DE. Their correlation of 0.92 suggests significant overlap in exposure. XMAW.L charges 0.25%/yr vs 0.12%/yr for SPPW.DE.

Performance

XMAW.L vs. SPPW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.L) and SPDR MSCI World UCITS ETF (SPPW.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XMAW.L is traded in GBp, while SPPW.DE is traded in EUR. To make them comparable, the SPPW.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XMAW.L achieves a 11.58% return, which is significantly higher than SPPW.DE's 9.84% return.

XMAW.L

• 1D: -0.13%
• 1M: 5.65%
• YTD: 11.58%
• 6M: 12.10%
• 1Y: 30.53%
• 3Y*: 18.30%
• 5Y*: 12.36%
• 10Y*: 13.42%

SPPW.DE

• 1D: -0.23%
• 1M: 4.94%
• YTD: 9.84%
• 6M: 10.13%
• 1Y: 27.09%
• 3Y*: 18.00%
• 5Y*: 13.16%
• 10Y*: —

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

XMAW.L vs. SPPW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XMAW.L Xtrackers MSCI AC World ESG Screened UCITS ETF 1C	11.58%	13.86%	20.55%	16.87%	-10.40%	20.70%	12.24%	13.84%
SPPW.DE SPDR MSCI World UCITS ETF	9.84%	13.65%	20.60%	17.84%	-8.53%	23.31%	11.21%	16.40%

Correlation

The correlation between XMAW.L and SPPW.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019	0.92

The correlation between XMAW.L and SPPW.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

XMAW.L vs. SPPW.DE — Risk / Return Rank

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

XMAW.L

XMAW.L Risk / Return Rank: 84
XMAW.L Sharpe Ratio Rank: 85
XMAW.L Sortino Ratio Rank: 85
XMAW.L Omega Ratio Rank: 86
XMAW.L Calmar Ratio Rank: 80
XMAW.L Martin Ratio Rank: 83

SPPW.DE

SPPW.DE Risk / Return Rank: 70
SPPW.DE Sharpe Ratio Rank: 66
SPPW.DE Sortino Ratio Rank: 66
SPPW.DE Omega Ratio Rank: 69
SPPW.DE Calmar Ratio Rank: 74
SPPW.DE Martin Ratio Rank: 77

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.

XMAW.L vs. SPPW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.L) and SPDR MSCI World UCITS ETF (SPPW.DE). 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.

	XMAW.L	SPPW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.74	2.57	+0.17
Sortino ratio: Return per unit of downside risk	3.77	3.53	+0.24
Omega ratio: Gain probability vs. loss probability	1.52	1.48	+0.04
Calmar ratio: Return relative to maximum drawdown	4.12	4.15	-0.03
Martin ratio: Return relative to average drawdown	16.61	16.37	+0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMAW.L vs. SPPW.DE - Sharpe Ratio Comparison

The current XMAW.L Sharpe Ratio is 2.74, which is comparable to the SPPW.DE Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of XMAW.L and SPPW.DE, 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

	XMAW.L	SPPW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	2.57	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.95	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.90	-0.04

Drawdowns

XMAW.L vs. SPPW.DE - Drawdown Comparison

The maximum XMAW.L drawdown since its inception was -25.05%, roughly equal to the maximum SPPW.DE drawdown of -26.28%. Use the drawdown chart below to compare losses from any high point for XMAW.L and SPPW.DE.

Drawdown Indicators

	XMAW.L	SPPW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.05%	-26.28%	+1.23%
Max Drawdown (1Y) Largest decline over 1 year	-7.37%	-6.56%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	-18.92%	-19.62%	+0.70%
Max Drawdown (5Y) Largest decline over 5 years	-18.92%	-19.62%	+0.70%
Max Drawdown (10Y) Largest decline over 10 years	-25.05%	—	—
Current Drawdown Current decline from peak	-0.49%	-0.23%	-0.26%
Average Drawdown Average peak-to-trough decline	-3.83%	-3.22%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	1.67%	+0.16%

Volatility

XMAW.L vs. SPPW.DE - Volatility Comparison

Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.L) and SPDR MSCI World UCITS ETF (SPPW.DE) have volatilities of 3.05% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMAW.L	SPPW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.05%	2.96%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	7.49%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	10.62%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.40%	13.64%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	15.50%	-0.90%

XMAW.L vs. SPPW.DE - Expense Ratio Comparison

XMAW.L has a 0.25% expense ratio, which is higher than SPPW.DE's 0.12% 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%.

Dividends

XMAW.L vs. SPPW.DE - Dividend Comparison

Neither XMAW.L nor SPPW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XMAW.L and SPPW.DE in my portfolio?

With a correlation of 0.92, XMAW.L and SPPW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XMAW.L or SPPW.DE?

On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMAW.L or SPPW.DE?

SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for XMAW.L.

What is the main difference between XMAW.L and SPPW.DE?

XMAW.L tracks MSCI ACWI NR USD, while SPPW.DE tracks MSCI World. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XMAW.L and 0.12% for SPPW.DE.