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CSUK.L vs. SWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSUK.L vs. SWDA.L

Last updated Jun 4, 2026

CSUK.L (iShares MSCI UK UCITS ETF (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CSUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while SWDA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, CSUK.L returned 8.88%/yr vs 14.05%/yr for SWDA.L. A 0.67 correlation means they provide meaningful diversification when combined. CSUK.L charges 0.33%/yr vs 0.20%/yr for SWDA.L.

Performance

CSUK.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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, CSUK.L achieves a 5.97% return, which is significantly lower than SWDA.L's 9.92% return. Over the past 10 years, CSUK.L has underperformed SWDA.L with an annualized return of 8.88%, while SWDA.L has yielded a comparatively higher 14.05% annualized return.

CSUK.L

1D
-0.36%
1M
-0.19%
YTD
5.97%
6M
8.48%
1Y
21.21%
3Y*
14.38%
5Y*
12.01%
10Y*
8.88%

SWDA.L

1D
-0.25%
1M
5.16%
YTD
9.92%
6M
10.29%
1Y
27.16%
3Y*
17.83%
5Y*
13.02%
10Y*
14.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUK.L vs. SWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		5.97%25.26%8.91%6.86%7.23%18.18%-13.09%16.20%-9.39%11.89%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.92%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%

Correlation

The correlation between CSUK.L and SWDA.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

0.55

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

0.59

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

0.69

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.67

The correlation between CSUK.L and SWDA.L shifts across timeframes, from 0.55 (3 years) to 0.69 (10 years), reflecting how their relationship changes across market environments.

CSUK.L vs. SWDA.L - Sectors Allocation Comparison

Sectors
CSUK.L
SWDA.L

Financial Services

25.2%
15.4%

Healthcare

14.6%
8.7%

Consumer Defensive

13.5%
5.2%

Industrials

12.7%
10.9%

Energy

11.2%
4.2%

Basic Materials

9.7%
3.2%

Utilities

5.1%
2.5%

Consumer Cyclical

4.2%
9.0%

Communication Services

2.5%
9.2%

Technology

0.6%
30.0%

Real Estate

0.6%
1.8%

Financial Services

CSUK.L
25.2%
SWDA.L
15.4%

Healthcare

CSUK.L
14.6%
SWDA.L
8.7%

Consumer Defensive

CSUK.L
13.5%
SWDA.L
5.2%

Industrials

CSUK.L
12.7%
SWDA.L
10.9%

Energy

CSUK.L
11.2%
SWDA.L
4.2%

Basic Materials

CSUK.L
9.7%
SWDA.L
3.2%

Utilities

CSUK.L
5.1%
SWDA.L
2.5%

Consumer Cyclical

CSUK.L
4.2%
SWDA.L
9.0%

Communication Services

CSUK.L
2.5%
SWDA.L
9.2%

Technology

CSUK.L
0.6%
SWDA.L
30.0%

Real Estate

CSUK.L
0.6%
SWDA.L
1.8%

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iShares MSCI UK UCITS ETF (Acc)

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with CSUK.L:
CSUK.L vs. CUKX.LCSUK.L vs. MIDD.LCSUK.L vs. ^GSPCCSUK.L vs. EWUCSUK.L vs. VUKG.LCSUK.L vs. ISF.LCSUK.L vs. VUAG.L
Often compared with SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

CSUK.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUK.L
CSUK.L Risk / Return Rank: 5353
Overall Rank
CSUK.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
CSUK.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
CSUK.L Omega Ratio Rank: 5757
Omega Ratio Rank
CSUK.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
CSUK.L Martin Ratio Rank: 5050
Martin Ratio Rank
SWDA.L
SWDA.L Risk / Return Rank: 8181
Overall Rank
SWDA.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8282
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8181
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.

CSUK.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (CSUK.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.

CSUK.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.89
2.66

-0.76

Sortino ratioReturn per unit of downside risk
2.64
3.68

-1.04

Omega ratioGain probability vs. loss probability

1.35

1.51

-0.15

Calmar ratioReturn relative to maximum drawdown

2.37

4.13

-1.76

Martin ratioReturn relative to average drawdown

8.37

16.50

-8.13

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

CSUK.L vs. SWDA.L - Sharpe Ratio Comparison

The current CSUK.L Sharpe Ratio is 1.89, which is comparable to the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of CSUK.L and SWDA.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

CSUK.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

2.66

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.98

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.97

-0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.88

-0.39

Drawdowns

CSUK.L vs. SWDA.L - Drawdown Comparison

The maximum CSUK.L drawdown since its inception was -34.55%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for CSUK.L and SWDA.L.

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Drawdown Indicators

CSUK.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-25.58%

-8.97%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-6.55%

-2.36%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-18.50%

+5.85%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-18.50%

+5.85%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-25.58%

-8.97%

Current Drawdown

Current decline from peak

-4.18%

-0.25%

-3.93%

Average Drawdown

Average peak-to-trough decline

-4.72%

-3.49%

-1.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

1.64%

+0.89%

Volatility

CSUK.L vs. SWDA.L - Volatility Comparison

iShares MSCI UK UCITS ETF (Acc) (CSUK.L) has a higher volatility of 4.66% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that CSUK.L's price experiences larger fluctuations and is considered to be riskier 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

CSUK.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.66%

2.52%

+2.14%

Volatility (6M)

Calculated over the trailing 6-month period

9.73%

7.30%

+2.43%

Volatility (1Y)

Calculated over the trailing 1-year period

11.17%

10.23%

+0.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.74%

13.30%

-0.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.08%

14.50%

+0.58%

CSUK.L vs. SWDA.L - Expense Ratio Comparison

CSUK.L has a 0.33% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

CSUK.L vs. SWDA.L - Dividend Comparison

Neither CSUK.L nor SWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CSUK.L and SWDA.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.

On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.33% for CSUK.L.

CSUK.L is categorized as Europe Equities, while SWDA.L is Global Equities. CSUK.L tracks FTSE AllSh TR GBP, while SWDA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.33% for CSUK.L and 0.20% for SWDA.L.

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