020Y.L vs. SWDA.L
020Y.L (iShares € Govt Bond 20yr Target Duration UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - 020Y.L is a European Government Bonds fund tracking the Markit iBoxx EUR Eurozone 20yr Target Duration Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, 020Y.L returned -10.94%/yr vs 12.40%/yr for SWDA.L. At a 0.06 correlation, their price movements are largely independent. 020Y.L charges 0.15%/yr vs 0.20%/yr for SWDA.L.
Performance
020Y.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
020Y.L is traded in EUR, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 020Y.L achieves a -1.53% return, which is significantly lower than SWDA.L's 13.24% return.
020Y.L
- 1D
- -0.14%
- 1M
- -3.05%
- 6M
- -2.14%
- YTD
- -1.53%
- 1Y
- -4.31%
- 3Y*
- -3.47%
- 5Y*
- -10.94%
- 10Y*
- —
SWDA.L
- 1D
- 0.12%
- 1M
- 1.74%
- 6M
- 11.16%
- YTD
- 13.24%
- 1Y
- 23.84%
- 3Y*
- 18.25%
- 5Y*
- 12.40%
- 10Y*
- 12.64%
020Y.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | -1.53% | -10.89% | -5.04% | 7.85% | -36.19% | -8.42% | 1.97% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 13.24% | 6.76% | 26.95% | 20.08% | -13.06% | 31.68% | 9.34% |
Correlation
The correlation between 020Y.L and SWDA.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2020 | 0.06 |
The correlation between 020Y.L and SWDA.L shifts across timeframes, from 0.06 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
020Y.L vs. SWDA.L — Risk / Return Rank
020Y.L
SWDA.L
020Y.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 020Y.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.54 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.40 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 3.63 | -4.24 |
| Martin ratioReturn relative to average drawdown | -1.10 | 14.73 | -15.83 |
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Drawdowns
020Y.L vs. SWDA.L - Drawdown Comparison
The maximum 020Y.L drawdown since its inception was -48.58%, which is greater than SWDA.L's maximum drawdown of -41.36%. Use the drawdown chart below to compare losses from any high point for 020Y.L and SWDA.L.
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Drawdown Indicators
| 020Y.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.58% | -41.36% | -7.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -6.53% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -20.55% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -47.47% | -20.55% | -26.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.00% | — |
Current DrawdownCurrent decline from peak | -48.12% | 0.00% | -48.12% |
Average DrawdownAverage peak-to-trough decline | -32.92% | -8.73% | -24.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 1.61% | +2.30% |
Volatility
020Y.L vs. SWDA.L - Volatility Comparison
iShares € Govt Bond 20yr Target Duration UCITS ETF (020Y.L) has a higher volatility of 3.10% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.50%. This indicates that 020Y.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 020Y.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.50% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 8.06% | 7.95% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 11.10% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.03% | 14.08% | +29.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.94% | 15.19% | +25.75% |
020Y.L vs. SWDA.L - Expense Ratio Comparison
020Y.L has a 0.15% expense ratio, which is lower than SWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
020Y.L vs. SWDA.L - Dividend Comparison
020Y.L's dividend yield for the trailing twelve months is around 3.65%, while SWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
020Y.L iShares € Govt Bond 20yr Target Duration UCITS ETF | 3.65% | 3.42% | 2.94% | 2.11% | 0.91% | 0.10% | 0.11% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
020Y.L and SWDA.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 020Y.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
020Y.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SWDA.L.
020Y.L is categorized as European Government Bonds, while SWDA.L is Global Equities. 020Y.L tracks Markit iBoxx EUR Eurozone 20yr Target Duration Index, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.15% for 020Y.L and 0.20% for SWDA.L.
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