CORP.L vs. SWDA.L
CORP.L (iShares Global Corp Bond UCITS ETF USD (Dist)) and SWDA.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 SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, CORP.L returned 1.94%/yr vs 13.08%/yr for SWDA.L. At a 0.16 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
CORP.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
CORP.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CORP.L achieves a -0.49% return, which is significantly lower than SWDA.L's 10.59% return. Over the past 10 years, CORP.L has underperformed SWDA.L with an annualized return of 1.94%, while SWDA.L has yielded a comparatively higher 13.08% 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%
SWDA.L
- 1D
- 0.59%
- 1M
- 0.70%
- 6M
- 9.50%
- YTD
- 10.59%
- 1Y
- 22.47%
- 3Y*
- 19.10%
- 5Y*
- 11.75%
- 10Y*
- 13.08%
CORP.L vs. SWDA.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% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.59% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -9.23% | 22.42% |
Correlation
The correlation between CORP.L and SWDA.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | 0.16 |
Over the past year, CORP.L and SWDA.L have become more correlated (0.49) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
CORP.L vs. SWDA.L — Risk / Return Rank
CORP.L
SWDA.L
CORP.L vs. SWDA.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) (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.
| CORP.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.60 | -1.71 |
| Martin ratioReturn relative to average drawdown | 2.45 | 11.09 | -8.63 |
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Drawdowns
CORP.L vs. SWDA.L - Drawdown Comparison
The maximum CORP.L drawdown since its inception was -25.09%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for CORP.L and SWDA.L.
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Drawdown Indicators
| CORP.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.09% | -45.69% | +20.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.55% | -8.59% | +5.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.07% | -17.07% | +11.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -26.50% | +1.70% |
Max Drawdown (10Y)Largest decline over 10 years | -25.09% | -33.61% | +8.52% |
Current DrawdownCurrent decline from peak | -2.23% | 0.00% | -2.23% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -11.15% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.02% | -0.73% |
Volatility
CORP.L vs. SWDA.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) (SWDA.L) has a volatility of 2.88%. This indicates that CORP.L experiences smaller price fluctuations and is considered to be less risky 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
| CORP.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 2.88% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.85% | 9.14% | -5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.91% | 11.74% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.98% | 15.34% | -8.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.72% | 15.69% | -8.97% |
CORP.L vs. SWDA.L - Expense Ratio Comparison
Both CORP.L and SWDA.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. SWDA.L - Dividend Comparison
CORP.L's dividend yield for the trailing twelve months is around 4.27%, while SWDA.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% |
SWDA.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 SWDA.L have a correlation of 0.49, 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 SWDA.L have the same expense ratio: 0.20% per year.
CORP.L is categorized as Global Corporate Bonds, while SWDA.L is Global Equities. CORP.L tracks Bloomberg Global Aggregate Corporate Index (USD), while SWDA.L tracks MSCI World Index.
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