^GDAXI vs. IWDA.L
Compare and contrast key facts about DAX Performance Index (^GDAXI) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L).
IWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Sep 25, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or IWDA.L.
Key characteristics
| ^GDAXI | IWDA.L | |
|---|---|---|
| YTD Return | 16.01% | 18.79% |
| 1Y Return | 27.41% | 30.85% |
| 3Y Return (Ann) | 7.49% | 8.02% |
| 5Y Return (Ann) | 8.90% | 12.96% |
| 10Y Return (Ann) | 8.13% | 10.69% |
| Sharpe Ratio | 2.73 | 2.78 |
| Sortino Ratio | 3.66 | 3.93 |
| Omega Ratio | 1.49 | 1.51 |
| Calmar Ratio | 2.89 | 2.51 |
| Martin Ratio | 15.02 | 18.16 |
| Ulcer Index | 2.09% | 1.78% |
| Daily Std Dev | 11.57% | 11.63% |
| Max Drawdown | -72.68% | -34.11% |
| Current Drawdown | -0.39% | -0.63% |
Correlation
The correlation between ^GDAXI and IWDA.L is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^GDAXI vs. IWDA.L - Performance Comparison
In the year-to-date period, ^GDAXI achieves a 16.01% return, which is significantly lower than IWDA.L's 18.79% return. Over the past 10 years, ^GDAXI has underperformed IWDA.L with an annualized return of 8.13%, while IWDA.L has yielded a comparatively higher 10.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^GDAXI vs. IWDA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). 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.
Drawdowns
^GDAXI vs. IWDA.L - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and IWDA.L. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. IWDA.L - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 4.50% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.50%. This indicates that ^GDAXI's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.