CORP.L vs. IWDA.L
CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CORP.L is a Global Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate Index (USD), while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, CORP.L returned 1.94%/yr vs 12.99%/yr for IWDA.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
CORP.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, CORP.L achieves a -0.49% return, which is significantly lower than IWDA.L's 10.17% return. Over the past 10 years, CORP.L has underperformed IWDA.L with an annualized return of 1.94%, while IWDA.L has yielded a comparatively higher 12.99% annualized return.
CORP.L
- 1D
- 0.10%
- 1M
- -0.86%
- 6M
- -0.48%
- YTD
- -0.49%
- 1Y
- 3.35%
- 3Y*
- 5.03%
- 5Y*
- -0.16%
- 10Y*
- 1.94%
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
CORP.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | -0.49% | 9.82% | 1.37% | 8.71% | -16.01% | -3.28% | 9.89% | 11.61% | -3.91% | 8.76% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between CORP.L and IWDA.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.22 |
Over the past year, CORP.L and IWDA.L have become more correlated (0.56) than their long-term average of 0.22, meaning their price movements have been converging.
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Return for Risk
CORP.L vs. IWDA.L — Risk / Return Rank
CORP.L
IWDA.L
CORP.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.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.
| CORP.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.32 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.64 | -1.75 |
| Martin ratioReturn relative to average drawdown | 2.45 | 10.75 | -8.30 |
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Drawdowns
CORP.L vs. IWDA.L - Drawdown Comparison
The maximum CORP.L drawdown since its inception was -25.09%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for CORP.L and IWDA.L.
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Drawdown Indicators
| CORP.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -34.11% | +9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -8.31% | +4.76% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -16.94% | +10.87% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -25.88% | +1.08% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | -34.11% | +9.02% |
Current DrawdownCurrent decline from peak | -2.23% | -0.12% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -4.39% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.04% | -0.75% |
Volatility
CORP.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Global Corp Bond UCITS ETF USD (Dist) (CORP.L) is 1.01%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.72%. This indicates that CORP.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
| CORP.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.72% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 9.80% | -5.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 12.26% | -7.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.98% | 15.73% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 15.78% | -9.06% |
CORP.L vs. IWDA.L - Expense Ratio Comparison
Both CORP.L and IWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CORP.L vs. IWDA.L - Dividend Comparison
CORP.L's dividend yield for the trailing twelve months is around 4.27%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORP.L iShares Global Corp Bond UCITS ETF USD (Dist) | 4.27% | 4.05% | 3.98% | 3.22% | 2.60% | 2.13% | 2.28% | 2.67% | 2.71% | 2.48% | 2.73% | 2.68% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CORP.L and IWDA.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CORP.L and IWDA.L have the same expense ratio: 0.20% per year.
CORP.L is categorized as Global Corporate Bonds, while IWDA.L is Global Equities. CORP.L tracks Bloomberg Global Aggregate Corporate Index (USD), while IWDA.L tracks MSCI World Index (Net).
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