Comparison window: 24 Apr 2024 → 3 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared
Report produced on 5 September 2026 · data as of the dates shown per section Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat Public methodology: rebalix.com/en/methodology
Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.
RebalixIE000TB15RC6 vs SWRE · report of 5 September 2026
The funds at a glance
From official issuer documents and the ESMA register
IE000TB15RC6IE000TB15RC6UBS Core MSCI World UCITS ETF hEUR accEquity · Global
Declared index
MSCI World 100% hedged to EUR Index
TER
0.09%
Transaction (KID)
0.00%
Fund size
910 mln EUR
Launch
24 Apr 2024
Currency
EUR
Replication
Physical (full replication)
Hedging
Yes — in EUR
Holdings
0
Effective 🇮🇹 rate
26.00%
SWREIE000BZ1HVL2State Street® SPDR® MSCI World EUR Hdg UCITS ETF (Acc)Equity · Global
Declared index
MSCI World 100% Hedged to EUR Index
TER
0.17%
Transaction (KID)
0.01%
Fund size
19.2 mld EUR
Launch
18 Jul 2023
Currency
EUR
Replication
Physical (optimised)
Hedging
Yes — in EUR
Holdings
1,243
Effective 🇮🇹 rate
26.00%
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
IE000TB15RC6n/d
2025
−0.03%
SWRE3y avg: +0.03%/anno
2025
−0.16%
2024
+0.22%
2023
+0.03%
Rebalix · IE000TB15RC6 vs SWREsection 1 of 3
RebalixIE000TB15RC6 vs SWRE · report of 5 September 2026
IE000TB15RC6 — UBS Core MSCI World UCITS ETF hEUR acc · IE000TB15RC6 · Equity · Global
SWRE — State Street® SPDR® MSCI World EUR Hdg UCITS ETF (Acc) · IE000BZ1HVL2 · Equity · Global
Performance over the period, in euro
From 24 Apr 2024 to 3 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
In today’s purchasing power (net of Italy inflation)
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.
How far they fell — drawdown from peak (nominal)
In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
Filled area: IE000TB15RC6; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
IE000TB15RC6
−17.2%
08 Apr 2025
80 days
129 days · back to break-even on 27 Jun 2025
SWRE
−17.0%
08 Apr 2025
80 days
129 days · back to break-even on 27 Jun 2025
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.
Drawdown net of Italy inflation
Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · IE000TB15RC6 vs SWREsection 2 of 3
RebalixIE000TB15RC6 vs SWRE · report of 5 September 2026
Full comparison table
"—" = not published by the source, never estimated
IE000TB15RC6 — UBS Core MSCI World UCITS ETF hEUR acc · IE000TB15RC6 · Equity · Global
SWRE — State Street® SPDR® MSCI World EUR Hdg UCITS ETF (Acc) · IE000BZ1HVL2 · Equity · Global
Metric
IE000TB15RC6
SWRE
Note
Identity
Category
Equity · Global
Equity · Global
Rebalix engine classification
Replication
Physical (full replication)
Physical (optimised)
as declared by the issuer
Currency hedging
Yes — hedged to EUR
Yes — hedged to EUR
source: class name, factsheet
Income policy
accumulating
accumulating
—
Costs
TER
0.09%
0.17%
from the KID
Transaction costs (KID)
0.00%
0.01%
internal
All-in cost
0.09%
0.18%
TER + transaction
Tracking difference (3a)
—
+0.03%
vs its OWN index
Performance in euro (ECB rates)
1 year
+20.7%
+20.5%
—
3 years
—
+65.6%
—
5 years
—
—
—
10 years
—
—
— = series younger than the window
Risk · last 3 years
Volatility (ann.)
—
+12.17%
—
Max drawdown
—
−17.04%
—
Sharpe
—
1.16
risk-free = ECB MRO avg
Sortino
—
1.64
like Sharpe, downside only
Italian taxation
Effective capital-gains rate
26.00%
26.00%
white list, current half-year
Documents & exchanges
Listing venues
9
9
ESMA register
Borsa Italiana ticker
WRDE
SWRE
—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~57 euro IE000TB15RC6 · ~114 euro SWRE. Broker costs not included.
Disclaimer
This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.
Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.
Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.
Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.