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

AGES.L vs. ISWD.L

Last updated Jun 4, 2026

AGES.L (iShares Ageing Population UCITS ETF) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds from iShares - AGES.L tracks the MSCI ACWI NR USD while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 5 years, AGES.L returned 4.88%/yr vs 13.73%/yr for ISWD.L. Their correlation of 0.80 suggests significant overlap in exposure. AGES.L charges 0.40%/yr vs 0.60%/yr for ISWD.L.

Performance

AGES.L vs. ISWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Ageing Population UCITS ETF (AGES.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, AGES.L achieves a 0.19% return, which is significantly lower than ISWD.L's 20.37% return.

AGES.L

1D
-0.94%
1M
-0.00%
YTD
0.19%
6M
1.82%
1Y
17.26%
3Y*
10.51%
5Y*
4.88%
10Y*
—

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)

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

2026 (YTD)202520242023202220212020201920182017
AGES.L
iShares Ageing Population UCITS ETF		0.19%18.29%9.75%2.81%-3.90%5.94%9.34%15.79%-8.27%11.22%
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 AGES.L and ISWD.L is 0.57, 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

0.57

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

0.66

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

0.72

Correlation (All Time)
Calculated using the full available price history since Sep 13, 2016

0.80

Over the past year, the correlation between AGES.L and ISWD.L has dropped to 0.57 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.

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

Sectors
AGES.L
ISWD.L

Healthcare

47.0%
10.4%

Financial Services

43.9%
0.0%

Consumer Cyclical

6.2%
6.9%

Real Estate

1.0%
0.2%

Basic Materials

0.2%
9.6%

Technology

0.1%
42.8%

Communication Services

0.1%
0.4%

Consumer Defensive

-

3.7%

Energy

-

11.6%

Industrials

-

12.9%

Utilities

-

1.1%

Healthcare

AGES.L
47.0%
ISWD.L
10.4%

Financial Services

AGES.L
43.9%
ISWD.L
0.0%

Consumer Cyclical

AGES.L
6.2%
ISWD.L
6.9%

Real Estate

AGES.L
1.0%
ISWD.L
0.2%

Basic Materials

AGES.L
0.2%
ISWD.L
9.6%

Technology

AGES.L
0.1%
ISWD.L
42.8%

Communication Services

AGES.L
0.1%
ISWD.L
0.4%

Consumer Defensive

AGES.L

-

ISWD.L
3.7%

Energy

AGES.L

-

ISWD.L
11.6%

Industrials

AGES.L

-

ISWD.L
12.9%

Utilities

AGES.L

-

ISWD.L
1.1%

Compare stocks, funds, or ETFs

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iShares Ageing Population UCITS ETF

iShares MSCI World Islamic UCITS ETF USD (Dist)

Often compared with AGES.L:
AGES.L vs. AGNGAGES.L vs. DRDR.LAGES.L vs. CPJ1.LAGES.L vs. WELS.DEAGES.L vs. VOOAGES.L vs. SWDA.LAGES.L vs. FWRG.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AGES.L
AGES.L Risk / Return Rank: 4545
Overall Rank
AGES.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
AGES.L Sortino Ratio Rank: 4242
Sortino Ratio Rank
AGES.L Omega Ratio Rank: 4040
Omega Ratio Rank
AGES.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
AGES.L Martin Ratio Rank: 5151
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Ageing Population UCITS ETF (AGES.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.

AGES.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
1.49
3.42

-1.92

Sortino ratioReturn per unit of downside risk
2.12
4.60

-2.48

Omega ratioGain probability vs. loss probability

1.26

1.63

-0.37

Calmar ratioReturn relative to maximum drawdown

2.52

7.02

-4.49

Martin ratioReturn relative to average drawdown

8.64

24.08

-15.43

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

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

The current AGES.L Sharpe Ratio is 1.49, which is lower than the ISWD.L Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of AGES.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

AGES.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

3.42

-1.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

1.03

-0.69

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.89

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.74

-0.29

Drawdowns

AGES.L vs. ISWD.L - Drawdown Comparison

The maximum AGES.L drawdown since its inception was -31.02%, roughly equal to the maximum ISWD.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for AGES.L and ISWD.L.

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Drawdown Indicators

AGES.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.02%

-31.52%

+0.50%

Max Drawdown (1Y)

Largest decline over 1 year

-6.81%

-5.51%

-1.30%

Max Drawdown (3Y)

Largest decline over 3 years

-17.04%

-21.00%

+3.96%

Max Drawdown (5Y)

Largest decline over 5 years

-19.15%

-21.00%

+1.85%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.90%

—

Current Drawdown

Current decline from peak

-2.97%

0.00%

-2.97%

Average Drawdown

Average peak-to-trough decline

-4.90%

-3.61%

-1.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

1.61%

+0.38%

Volatility

AGES.L vs. ISWD.L - Volatility Comparison

The current volatility for iShares Ageing Population UCITS ETF (AGES.L) is 2.73%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.64%. This indicates that AGES.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

AGES.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.73%

3.64%

-0.91%

Volatility (6M)

Calculated over the trailing 6-month period

8.92%

8.40%

+0.52%

Volatility (1Y)

Calculated over the trailing 1-year period

11.53%

11.34%

+0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.11%

13.27%

+0.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.49%

14.33%

+1.16%

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

AGES.L has a 0.40% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

AGES.L vs. ISWD.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
AGES.L
iShares Ageing Population 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

AGES.L and ISWD.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, AGES.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

AGES.L is cheaper with a 0.40% expense ratio, compared with 0.60% for ISWD.L.

AGES.L tracks MSCI ACWI NR USD, while ISWD.L tracks MSCI World Islamic Index. Their fees differ too: 0.40% for AGES.L and 0.60% for ISWD.L.

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