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ACWL.L vs. ISWD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWL.L vs. ISWD.L

Last updated Jun 4, 2026

ACWL.L (Lyxor MSCI All Country World UCITS ETF) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - ACWL.L tracks the MSCI ACWI NR USD while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 10 years, ACWL.L returned 13.73%/yr vs 12.78%/yr for ISWD.L. At a 0.28 correlation, their price movements are largely independent. ACWL.L charges 0.45%/yr vs 0.60%/yr for ISWD.L.

Performance

ACWL.L vs. ISWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI All Country World UCITS ETF (ACWL.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ACWL.L achieves a 12.44% return, which is significantly lower than ISWD.L's 20.37% return. Over the past 10 years, ACWL.L has outperformed ISWD.L with an annualized return of 13.73%, while ISWD.L has yielded a comparatively lower 12.78% annualized return.

ACWL.L

1D
-0.29%
1M
6.05%
YTD
12.44%
6M
12.71%
1Y
30.24%
3Y*
18.94%
5Y*
12.39%
10Y*
13.73%

ISWD.L

1D
0.65%
1M
11.25%
YTD
20.37%
6M
20.71%
1Y
38.83%
3Y*
16.15%
5Y*
13.73%
10Y*
12.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWL.L vs. ISWD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACWL.L
Lyxor MSCI All Country World UCITS ETF		12.44%13.63%21.43%13.09%-8.59%20.41%9.74%18.01%2.02%11.14%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.37%11.58%7.85%17.25%-0.87%23.70%5.11%17.98%-3.81%9.22%

Correlation

The correlation between ACWL.L and ISWD.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.44

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Feb 3, 2015

0.28

Over the past year, ACWL.L and ISWD.L have become more correlated (0.76) than their long-term average of 0.28, meaning their price movements have been converging.

ACWL.L vs. ISWD.L - Sectors Allocation Comparison

Sectors
ACWL.L
ISWD.L

Technology

29.3%
42.8%

Financial Services

16.2%
0.0%

Industrials

10.9%
12.9%

Consumer Cyclical

9.3%
6.9%

Communication Services

9.0%
0.4%

Healthcare

8.1%
10.4%

Consumer Defensive

5.0%
3.7%

Energy

4.2%
11.6%

Basic Materials

3.7%
9.6%

Utilities

2.6%
1.1%

Real Estate

1.8%
0.2%

Technology

ACWL.L
29.3%
ISWD.L
42.8%

Financial Services

ACWL.L
16.2%
ISWD.L
0.0%

Industrials

ACWL.L
10.9%
ISWD.L
12.9%

Consumer Cyclical

ACWL.L
9.3%
ISWD.L
6.9%

Communication Services

ACWL.L
9.0%
ISWD.L
0.4%

Healthcare

ACWL.L
8.1%
ISWD.L
10.4%

Consumer Defensive

ACWL.L
5.0%
ISWD.L
3.7%

Energy

ACWL.L
4.2%
ISWD.L
11.6%

Basic Materials

ACWL.L
3.7%
ISWD.L
9.6%

Utilities

ACWL.L
2.6%
ISWD.L
1.1%

Real Estate

ACWL.L
1.8%
ISWD.L
0.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Lyxor MSCI All Country World UCITS ETF

iShares MSCI World Islamic UCITS ETF USD (Dist)

Often compared with ACWL.L:
ACWL.L vs. QQQACWL.L vs. BKIEACWL.L vs. SPPW.DEACWL.L vs. TNOW.LACWL.L vs. IVVACWL.L vs. SMHACWL.L vs. ACWU.L
Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

ACWL.L vs. ISWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWL.L
ACWL.L Risk / Return Rank: 8787
Overall Rank
ACWL.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
ACWL.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
ACWL.L Omega Ratio Rank: 9090
Omega Ratio Rank
ACWL.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
ACWL.L Martin Ratio Rank: 8585
Martin Ratio Rank
ISWD.L
ISWD.L Risk / Return Rank: 9292
Overall Rank
ISWD.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9292
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9292
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACWL.L vs. ISWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI All Country World UCITS ETF (ACWL.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.

ACWL.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
3.06
3.42

-0.36

Sortino ratioReturn per unit of downside risk
4.15
4.60

-0.46

Omega ratioGain probability vs. loss probability

1.59

1.63

-0.05

Calmar ratioReturn relative to maximum drawdown

4.26

7.02

-2.75

Martin ratioReturn relative to average drawdown

17.67

24.08

-6.40

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWL.L vs. ISWD.L - Sharpe Ratio Comparison

The current ACWL.L Sharpe Ratio is 3.06, which is comparable to the ISWD.L Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of ACWL.L and ISWD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ACWL.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.06

3.42

-0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.90

1.03

+0.86

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

2.61

0.89

+1.72

Sharpe Ratio (All Time)

Calculated using the full available price history

2.36

0.74

+1.62

Drawdowns

ACWL.L vs. ISWD.L - Drawdown Comparison

The maximum ACWL.L drawdown since its inception was -18.15%, smaller than the maximum ISWD.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for ACWL.L and ISWD.L.

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Drawdown Indicators

ACWL.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-18.15%

-31.52%

+13.37%

Max Drawdown (1Y)

Largest decline over 1 year

-7.06%

-5.51%

-1.55%

Max Drawdown (3Y)

Largest decline over 3 years

-18.15%

-21.00%

+2.85%

Max Drawdown (5Y)

Largest decline over 5 years

-18.15%

-21.00%

+2.85%

Max Drawdown (10Y)

Largest decline over 10 years

-18.15%

-24.90%

+6.75%

Current Drawdown

Current decline from peak

-0.29%

0.00%

-0.29%

Average Drawdown

Average peak-to-trough decline

-2.44%

-3.61%

+1.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

1.61%

+0.10%

Volatility

ACWL.L vs. ISWD.L - Volatility Comparison

The current volatility for Lyxor MSCI All Country World UCITS ETF (ACWL.L) is 2.64%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.64%. This indicates that ACWL.L experiences smaller price fluctuations and is considered to be less risky than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWL.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

3.64%

-1.00%

Volatility (6M)

Calculated over the trailing 6-month period

7.02%

8.40%

-1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

9.88%

11.34%

-1.46%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.54%

13.27%

+3.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.34%

14.33%

+9.01%

ACWL.L vs. ISWD.L - Expense Ratio Comparison

ACWL.L has a 0.45% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

ACWL.L vs. ISWD.L - Dividend Comparison

ACWL.L has not paid dividends to shareholders, while ISWD.L's dividend yield for the trailing twelve months is around 1.27%.

PositionTTM20252024202320222021202020192018201720162015
ACWL.L
Lyxor MSCI All Country World UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%

Frequently Asked Questions

ACWL.L and ISWD.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ACWL.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ACWL.L is cheaper with a 0.45% expense ratio, compared with 0.60% for ISWD.L.

ACWL.L tracks MSCI ACWI NR USD, while ISWD.L tracks MSCI World Islamic Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.45% for ACWL.L and 0.60% for ISWD.L.

Portfolio Optimizer

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