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

CSUS.L vs. SWDA.L

Last updated Jun 5, 2026

CSUS.L (iShares VII plc - iShares MSCI USA ETF USD Acc) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - CSUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, CSUS.L returned 15.12%/yr vs 13.08%/yr for SWDA.L. A 0.67 correlation means they provide meaningful diversification when combined. CSUS.L charges 0.33%/yr vs 0.20%/yr for SWDA.L.

Performance

CSUS.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.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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Different Trading Currencies

CSUS.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

The year-to-date returns for both stocks are quite close, with CSUS.L having a 10.32% return and SWDA.L slightly lower at 9.81%. Over the past 10 years, CSUS.L has outperformed SWDA.L with an annualized return of 15.12%, while SWDA.L has yielded a comparatively lower 13.08% annualized return.

CSUS.L

1D
0.06%
1M
4.70%
YTD
10.32%
6M
10.98%
1Y
27.52%
3Y*
22.49%
5Y*
13.29%
10Y*
15.12%

SWDA.L

1D
0.20%
1M
4.22%
YTD
9.81%
6M
11.17%
1Y
26.04%
3Y*
20.71%
5Y*
11.87%
10Y*
13.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
CSUS.L
iShares VII plc - iShares MSCI USA ETF USD Acc		10.32%17.22%25.83%26.72%-20.46%28.02%20.30%30.38%-5.82%21.66%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.81%21.14%19.09%23.79%-18.13%22.52%15.68%27.97%-9.23%22.42%

Correlation

The correlation between CSUS.L and SWDA.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.91

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

0.81

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

0.78

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

0.79

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.67

Over the past year, CSUS.L and SWDA.L have become more correlated (0.91) than their long-term average of 0.67, meaning their price movements have been converging.

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

Sectors
CSUS.L
SWDA.L

Technology

35.4%
30.0%

Financial Services

11.6%
15.4%

Communication Services

11.3%
9.2%

Consumer Cyclical

10.2%
9.0%

Healthcare

8.6%
8.7%

Industrials

8.5%
10.9%

Consumer Defensive

4.8%
5.2%

Energy

3.6%
4.2%

Utilities

2.3%
2.5%

Real Estate

1.9%
1.8%

Basic Materials

1.8%
3.2%

Technology

CSUS.L
35.4%
SWDA.L
30.0%

Financial Services

CSUS.L
11.6%
SWDA.L
15.4%

Communication Services

CSUS.L
11.3%
SWDA.L
9.2%

Consumer Cyclical

CSUS.L
10.2%
SWDA.L
9.0%

Healthcare

CSUS.L
8.6%
SWDA.L
8.7%

Industrials

CSUS.L
8.5%
SWDA.L
10.9%

Consumer Defensive

CSUS.L
4.8%
SWDA.L
5.2%

Energy

CSUS.L
3.6%
SWDA.L
4.2%

Utilities

CSUS.L
2.3%
SWDA.L
2.5%

Real Estate

CSUS.L
1.9%
SWDA.L
1.8%

Basic Materials

CSUS.L
1.8%
SWDA.L
3.2%

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iShares VII plc - iShares MSCI USA ETF USD Acc

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with CSUS.L:
CSUS.L vs. VTICSUS.L vs. XD9D.DECSUS.L vs. SPYCSUS.L vs. AVUVCSUS.L vs. VXUSCSUS.L vs. ITOTCSUS.L vs. VOO
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUS.L
CSUS.L Risk / Return Rank: 7373
Overall Rank
CSUS.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CSUS.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
CSUS.L Omega Ratio Rank: 7373
Omega Ratio Rank
CSUS.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
CSUS.L Martin Ratio Rank: 7575
Martin Ratio Rank
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.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.

CSUS.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.27

+0.05

Sortino ratioReturn per unit of downside risk
3.39
3.37

+0.02

Omega ratioGain probability vs. loss probability

1.42

1.41

+0.01

Calmar ratioReturn relative to maximum drawdown

3.30

3.02

+0.28

Martin ratioReturn relative to average drawdown

13.91

13.29

+0.63

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

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

The current CSUS.L Sharpe Ratio is 2.32, which is comparable to the SWDA.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of CSUS.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

CSUS.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.27

+0.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.78

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

0.83

+0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

0.73

+0.40

Drawdowns

CSUS.L vs. SWDA.L - Drawdown Comparison

The maximum CSUS.L drawdown since its inception was -34.38%, roughly equal to the maximum SWDA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for CSUS.L and SWDA.L.

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Drawdown Indicators

CSUS.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.38%

-33.62%

-0.76%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-8.59%

+0.28%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-17.07%

-1.78%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-26.50%

+1.06%

Max Drawdown (10Y)

Largest decline over 10 years

-34.38%

-33.62%

-0.76%

Current Drawdown

Current decline from peak

-0.47%

-0.42%

-0.05%

Average Drawdown

Average peak-to-trough decline

-4.13%

-4.58%

+0.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.95%

+0.02%

Volatility

CSUS.L vs. SWDA.L - Volatility Comparison

iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) has a higher volatility of 3.25% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.81%. This indicates that CSUS.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

CSUS.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

2.81%

+0.44%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

8.58%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

11.80%

11.41%

+0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.74%

15.30%

+1.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.14%

15.73%

+1.41%

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

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

Dividends

CSUS.L vs. SWDA.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.91, CSUS.L and SWDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 CSUS.L.

CSUS.L is categorized as Large Cap Blend Equities, while SWDA.L is Global Equities. CSUS.L tracks Russell 1000 TR USD, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.33% for CSUS.L and 0.20% for SWDA.L.

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