Comparison window: 9 Jun 2026 → 3 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared⚠ Common window shorter than 12 months: comparable data are scarce and carry no statistical value.
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.
RebalixSPF2 vs IE000W566ZX2 · report of 5 September 2026
The funds at a glance
From official issuer documents and the ESMA register
SPF2IE00BDT6FR16State Street® SPDR® FTSE Global Convertible Bond USD Hdg UCITS ETF (Dist)Bonds · Convertible USD · Broad (all maturities) · Global
Declared index
FTSE Qualified Global Convertible Monthly Hedged (USD) Index
TER
0.55%
Transaction (KID)
0.10%
Fund size
2.7 mld EUR
Launch
30 Jan 2022
Currency
USD
Replication
Physical (sampled)
Hedging
Yes — in USD
Holdings
359
Duration
not declared
Distributions 12m
0.2413 USD
Effective 🇮🇹 rate
26.00%
IE000W566ZX2IE000W566ZX2State Street® SPDR FTSE® Global Convertible Bond USD Hdg UCITS ETF (Acc)bond
Declared index
FTSE Qualified Global Convertible Monthly Hedged (USD) Index
TER
0.55%
Transaction (KID)
0.10%
Fund size
2.7 mld EUR
Launch
8 Jun 2026
Currency
USD
Replication
Physical (sampled)
Hedging
Yes — in USD
Holdings
359
Duration
not declared
Distributions 12m
acc.
Effective 🇮🇹 rate
—
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
SPF23y avg: −0.52%/anno
2025
−0.41%
2024
−0.64%
2023
−0.51%
2022
−0.35%
IE000W566ZX2n/d
hedged class: the published index is unhedged, the gap would measure the exchange rate
—
Rebalix · SPF2 vs IE000W566ZX2section 1 of 4
RebalixSPF2 vs IE000W566ZX2 · report of 5 September 2026
SPF2 — State Street® SPDR® FTSE Global Convertible Bond USD Hdg UCITS ETF (Dist) · IE00BDT6FR16 · Bonds · Convertible USD · Broad (all maturities) · Global
IE000W566ZX2 — State Street® SPDR FTSE® Global Convertible Bond USD Hdg UCITS ETF (Acc) · IE000W566ZX2 · bond
Performance over the period, in euro
From 9 Jun 2026 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: SPF2; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
SPF2
−4.9%
24 Aug 2026
not yet
77 days (ongoing)
IE000W566ZX2
−4.6%
24 Aug 2026
not yet
77 days (ongoing)
"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 · SPF2 vs IE000W566ZX2section 2 of 4
RebalixSPF2 vs IE000W566ZX2 · report of 5 September 2026
SPF2 — State Street® SPDR® FTSE Global Convertible Bond USD Hdg UCITS ETF (Dist) · IE00BDT6FR16 · Bonds · Convertible USD · Broad (all maturities) · Global
IE000W566ZX2 — State Street® SPDR FTSE® Global Convertible Bond USD Hdg UCITS ETF (Acc) · IE000W566ZX2 · bond
Geographic composition
% of portfolio, from full declared holdings
Sector composition
GICS sectors, same sources and dates
Portfolio overlap
358 common holdings · ticker match on full official portfolios
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 358 common holdings this gives 100.0%: buying both funds, roughly this share of your money buys the same stocks twice. Matching is by company (one issuer does not publish security identifiers): identical holdings written differently may be missed, so the real overlap can be higher than shown.
Rebalix · SPF2 vs IE000W566ZX2section 3 of 4
RebalixSPF2 vs IE000W566ZX2 · report of 5 September 2026
Full comparison table
"—" = not published by the source, never estimated
SPF2 — State Street® SPDR® FTSE Global Convertible Bond USD Hdg UCITS ETF (Dist) · IE00BDT6FR16 · Bonds · Convertible USD · Broad (all maturities) · Global
IE000W566ZX2 — State Street® SPDR FTSE® Global Convertible Bond USD Hdg UCITS ETF (Acc) · IE000W566ZX2 · bond
Metric
SPF2
IE000W566ZX2
Note
Identity
Category
Bonds · Convertible USD · Broad (all maturities) · Global
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~409 euro SPF2 · ~409 euro IE000W566ZX2. 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.