Comparison window: 21 Oct 2020 → 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.
RebalixSPP2 vs IE00BYVDRC61 · report of 5 September 2026
The funds at a glance
From official issuer documents and the ESMA register
SPP2IE00BF1B7272State Street® SPDR® MSCI All Country World USD Hdg UCITS ETF (Acc)Equity · Global
Declared index
MSCI ACWI with Developed Markets 100% Hedged to USD Index
TER
0.17%
Transaction (KID)
0.00%
Fund size
18 mld EUR
Launch
20 Oct 2020
Currency
USD
Replication
Physical (optimised)
Hedging
Yes — in USD
Holdings
2,251
Distributions 12m
acc.
Effective 🇮🇹 rate
26.00%
IE00BYVDRC61IE00BYVDRC61UBS MSCI ACWI SF UCITS ETF hUSD UkdisEquity
Declared index
MSCI ACWI with Developed Markets 100% hedged to USD Index
TER
0.21%
Transaction (KID)
0.00%
Fund size
—
Launch
24 Sept 2015
Currency
USD
Replication
Synthetic (swap)
Hedging
Yes — in USD
Holdings
—
Distributions 12m
4.1112 USD
Effective 🇮🇹 rate
—
Tracking difference — year by year
Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
SPP23y avg: −0.05%/anno
2025
+0.35%
2024
−0.19%
2023
−0.30%
2022
+0.02%
2021
−0.01%
2020
−0.07%
IE00BYVDRC613y avg: −0.07%/anno
2025
−0.11%
2024
−0.02%
2023
−0.07%
2022
−0.08%
2021
−0.15%
2020
−0.17%
Rebalix · SPP2 vs IE00BYVDRC61section 1 of 3
RebalixSPP2 vs IE00BYVDRC61 · report of 5 September 2026
SPP2 — State Street® SPDR® MSCI All Country World USD Hdg UCITS ETF (Acc) · IE00BF1B7272 · Equity · Global
From 21 Oct 2020 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: SPP2; thin lines: the other funds.
The worst episode, fund by fund
Fund
Max drawdown
Trough
Recovery time
Underwater
SPP2
−20.4%
08 Apr 2025
181 days
229 days · back to break-even on 06 Oct 2025
IE00BYVDRC61
−20.4%
08 Apr 2025
199 days
247 days · back to break-even on 24 Oct 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 · SPP2 vs IE00BYVDRC61section 2 of 3
RebalixSPP2 vs IE00BYVDRC61 · report of 5 September 2026
Full comparison table
"—" = not published by the source, never estimated
SPP2 — State Street® SPDR® MSCI All Country World USD Hdg UCITS ETF (Acc) · IE00BF1B7272 · Equity · Global
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~108 euro SPP2 · ~133 euro IE00BYVDRC61. 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.