0GGH.L vs. IWDA.L
0GGH.L (iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - 0GGH.L is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond Index, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, 0GGH.L returned -1.55%/yr vs 12.24%/yr for IWDA.L. At a 0.06 correlation, their price movements are largely independent. 0GGH.L charges 0.10%/yr vs 0.20%/yr for IWDA.L.
Performance
0GGH.L vs. IWDA.L - Performance Comparison
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Different Trading Currencies
0GGH.L is traded in EUR, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0GGH.L achieves a -0.48% return, which is significantly lower than IWDA.L's 12.82% return.
0GGH.L
- 1D
- -0.08%
- 1M
- -0.69%
- 6M
- -0.69%
- YTD
- -0.48%
- 1Y
- 1.16%
- 3Y*
- 2.17%
- 5Y*
- -1.55%
- 10Y*
- —
IWDA.L
- 1D
- -0.28%
- 1M
- 1.24%
- 6M
- 10.66%
- YTD
- 12.82%
- 1Y
- 23.38%
- 3Y*
- 18.02%
- 5Y*
- 12.24%
- 10Y*
- 12.55%
0GGH.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
0GGH.L iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) | -0.48% | 2.71% | 1.27% | 4.35% | -13.33% | -2.45% | 3.79% | 4.91% | -1.24% | -0.35% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 12.82% | 6.67% | 26.97% | 20.54% | -13.04% | 31.33% | 6.49% | 30.00% | -4.74% | 1.81% |
Correlation
The correlation between 0GGH.L and IWDA.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2017 | 0.06 |
Over the past year, 0GGH.L and IWDA.L have become more correlated (0.32) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
0GGH.L vs. IWDA.L — Risk / Return Rank
0GGH.L
IWDA.L
0GGH.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) 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.
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.
| 0GGH.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 3.65 | -3.32 |
| Martin ratioReturn relative to average drawdown | 0.86 | 13.55 | -12.69 |
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Drawdowns
0GGH.L vs. IWDA.L - Drawdown Comparison
The maximum 0GGH.L drawdown since its inception was -21.17%, smaller than the maximum IWDA.L drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for 0GGH.L and IWDA.L.
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Drawdown Indicators
| 0GGH.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.17% | -33.57% | +12.40% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -6.37% | +3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -3.90% | -20.70% | +16.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -20.70% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.57% | — |
Current DrawdownCurrent decline from peak | -12.70% | -0.45% | -12.25% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -4.29% | -4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 1.72% | -0.62% |
Volatility
0GGH.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) (0GGH.L) is 0.99%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.71%. This indicates that 0GGH.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 0GGH.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 2.71% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.75% | 9.41% | -6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 12.32% | -8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.29% | 15.06% | +9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.91% | 15.80% | +5.11% |
0GGH.L vs. IWDA.L - Expense Ratio Comparison
0GGH.L has a 0.10% expense ratio, which is lower than IWDA.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
0GGH.L vs. IWDA.L - Dividend Comparison
Neither 0GGH.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
0GGH.L and IWDA.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0GGH.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0GGH.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IWDA.L.
0GGH.L is categorized as Global Bonds, while IWDA.L is Global Equities. 0GGH.L tracks Bloomberg Global Aggregate Bond Index, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.10% for 0GGH.L and 0.20% for IWDA.L.
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