XMTW.L vs. SPYI.DE
XMTW.L (Xtrackers MSCI Taiwan UCITS ETF 1C) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - XMTW.L is a Asia Pacific Equities fund tracking the MSCI Taiwan NR USD, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, XMTW.L returned 23.25%/yr vs 13.21%/yr for SPYI.DE. A 0.53 correlation means they provide meaningful diversification when combined. XMTW.L charges 0.65%/yr vs 0.17%/yr for SPYI.DE.
Performance
XMTW.L vs. SPYI.DE - Performance Comparison
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Different Trading Currencies
XMTW.L is traded in GBp, while SPYI.DE is traded in EUR. To make them comparable, the SPYI.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMTW.L achieves a 67.90% return, which is significantly higher than SPYI.DE's 12.38% return. Over the past 10 years, XMTW.L has outperformed SPYI.DE with an annualized return of 23.25%, while SPYI.DE has yielded a comparatively lower 13.21% annualized return.
XMTW.L
- 1D
- -1.55%
- 1M
- 14.93%
- YTD
- 67.90%
- 6M
- 73.86%
- 1Y
- 118.61%
- 3Y*
- 41.00%
- 5Y*
- 23.21%
- 10Y*
- 23.25%
SPYI.DE
- 1D
- -0.00%
- 1M
- 5.39%
- YTD
- 12.38%
- 6M
- 12.83%
- 1Y
- 31.25%
- 3Y*
- 17.74%
- 5Y*
- 12.17%
- 10Y*
- 13.21%
XMTW.L vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMTW.L Xtrackers MSCI Taiwan UCITS ETF 1C | 67.90% | 23.98% | 25.99% | 21.66% | -21.11% | 28.96% | 32.40% | 29.87% | -3.71% | 16.78% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 12.38% | 14.77% | 17.56% | 15.19% | -8.13% | 18.73% | 11.34% | 22.90% | -5.40% | 13.09% |
Correlation
The correlation between XMTW.L and SPYI.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2011 | 0.53 |
The correlation between XMTW.L and SPYI.DE shifts across timeframes, from 0.53 (all time) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XMTW.L vs. SPYI.DE — Risk / Return Rank
XMTW.L
SPYI.DE
XMTW.L vs. SPYI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) and SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| XMTW.L | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.54 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 13.03 | 4.53 | +8.50 |
| Martin ratioReturn relative to average drawdown | 36.03 | 17.90 | +18.13 |
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
| XMTW.L | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.22 | 2.85 | +2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.13 | 0.90 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.16 | 0.90 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.85 | -0.19 |
Drawdowns
XMTW.L vs. SPYI.DE - Drawdown Comparison
The maximum XMTW.L drawdown since its inception was -47.86%, which is greater than SPYI.DE's maximum drawdown of -27.29%. Use the drawdown chart below to compare losses from any high point for XMTW.L and SPYI.DE.
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Drawdown Indicators
| XMTW.L | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.86% | -27.29% | -20.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -6.87% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -28.76% | -19.59% | -9.17% |
Max Drawdown (5Y)Largest decline over 5 years | -30.18% | -19.59% | -10.59% |
Max Drawdown (10Y)Largest decline over 10 years | -30.18% | -27.29% | -2.89% |
Current DrawdownCurrent decline from peak | -1.57% | -0.36% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -3.53% | -5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.28% | 1.74% | +1.54% |
Volatility
XMTW.L vs. SPYI.DE - Volatility Comparison
Xtrackers MSCI Taiwan UCITS ETF 1C (XMTW.L) has a higher volatility of 9.41% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.20%. This indicates that XMTW.L's price experiences larger fluctuations and is considered to be riskier than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMTW.L | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.41% | 3.20% | +6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 18.21% | 7.97% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 10.90% | +11.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 13.43% | +7.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.06% | 14.98% | +5.08% |
XMTW.L vs. SPYI.DE - Expense Ratio Comparison
XMTW.L has a 0.65% expense ratio, which is higher than SPYI.DE's 0.17% expense ratio.
Dividends
XMTW.L vs. SPYI.DE - Dividend Comparison
Neither XMTW.L nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
XMTW.L and SPYI.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.65% for XMTW.L.
XMTW.L is categorized as Asia Pacific Equities, while SPYI.DE is Global Equities. XMTW.L tracks MSCI Taiwan NR USD, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.65% for XMTW.L and 0.17% for SPYI.DE.
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