PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CW8U.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CW8U.L vs. IWDA.L

Last updated Jun 5, 2026

CW8U.L (Amundi MSCI World UCITS USD) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - CW8U.L tracks the MSCI ACWI NR USD while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 10 years, CW8U.L returned 12.85%/yr vs 13.07%/yr for IWDA.L. Their correlation of 0.89 suggests significant overlap in exposure. CW8U.L charges 0.28%/yr vs 0.20%/yr for IWDA.L.

Performance

CW8U.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi MSCI World UCITS USD (CW8U.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with CW8U.L having a 9.80% return and IWDA.L slightly higher at 9.83%. Both investments have delivered pretty close results over the past 10 years, with CW8U.L having a 12.85% annualized return and IWDA.L not far ahead at 13.07%.

CW8U.L

1D
0.08%
1M
4.18%
YTD
9.80%
6M
10.88%
1Y
25.61%
3Y*
20.52%
5Y*
11.60%
10Y*
12.85%

IWDA.L

1D
0.10%
1M
4.07%
YTD
9.83%
6M
10.98%
1Y
25.98%
3Y*
20.77%
5Y*
11.86%
10Y*
13.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CW8U.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CW8U.L
Amundi MSCI World UCITS USD		9.80%20.32%19.03%24.06%-18.23%22.09%15.78%28.00%-9.95%22.67%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.83%21.03%19.11%24.27%-18.11%22.19%16.06%27.13%-9.01%22.77%

Correlation

The correlation between CW8U.L and IWDA.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

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

0.99

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

0.99

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

0.99

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

0.97

Correlation (All Time)
Calculated using the full available price history since May 10, 2011

0.89

The correlation between CW8U.L and IWDA.L has been stable across timeframes, ranging from 0.89 to 0.99 - a consistent structural relationship.

CW8U.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
CW8U.L
IWDA.L

Technology

28.3%
32.9%

Financial Services

15.7%
14.9%

Industrials

11.4%
9.7%

Consumer Cyclical

9.3%
8.8%

Communication Services

9.3%
9.3%

Healthcare

8.8%
8.6%

Consumer Defensive

5.2%
4.8%

Energy

4.2%
3.9%

Basic Materials

3.3%
2.8%

Utilities

2.7%
2.4%

Real Estate

1.9%
1.2%

Technology

CW8U.L
28.3%
IWDA.L
32.9%

Financial Services

CW8U.L
15.7%
IWDA.L
14.9%

Industrials

CW8U.L
11.4%
IWDA.L
9.7%

Consumer Cyclical

CW8U.L
9.3%
IWDA.L
8.8%

Communication Services

CW8U.L
9.3%
IWDA.L
9.3%

Healthcare

CW8U.L
8.8%
IWDA.L
8.6%

Consumer Defensive

CW8U.L
5.2%
IWDA.L
4.8%

Energy

CW8U.L
4.2%
IWDA.L
3.9%

Basic Materials

CW8U.L
3.3%
IWDA.L
2.8%

Utilities

CW8U.L
2.7%
IWDA.L
2.4%

Real Estate

CW8U.L
1.9%
IWDA.L
1.2%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amundi MSCI World UCITS USD

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with CW8U.L:
CW8U.L vs. PE500.PACW8U.L vs. EUNL.DECW8U.L vs. ACWICW8U.L vs. ^SP500TRCW8U.L vs. VXUSCW8U.L vs. BRK-BCW8U.L vs. SPY
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

CW8U.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CW8U.L
CW8U.L Risk / Return Rank: 6868
Overall Rank
CW8U.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CW8U.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
CW8U.L Omega Ratio Rank: 6767
Omega Ratio Rank
CW8U.L Calmar Ratio Rank: 6161
Calmar Ratio Rank
CW8U.L Martin Ratio Rank: 7070
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
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.

CW8U.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS USD (CW8U.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.

CW8U.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.16
2.17

-0.01

Sortino ratioReturn per unit of downside risk
3.23
3.26

-0.02

Omega ratioGain probability vs. loss probability

1.40

1.40

0.00

Calmar ratioReturn relative to maximum drawdown

3.01

3.11

-0.11

Martin ratioReturn relative to average drawdown

12.87

13.16

-0.29

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

CW8U.L vs. IWDA.L - Sharpe Ratio Comparison

The current CW8U.L Sharpe Ratio is 2.16, which is comparable to the IWDA.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of CW8U.L and IWDA.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.

Loading charts...

Sharpe Ratios by Period

CW8U.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.16

2.17

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

0.76

-0.01

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

0.82

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.79

-0.05

Drawdowns

CW8U.L vs. IWDA.L - Drawdown Comparison

The maximum CW8U.L drawdown since its inception was -34.10%, roughly equal to the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for CW8U.L and IWDA.L.

Loading charts...

Drawdown Indicators

CW8U.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.10%

-34.11%

+0.01%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-8.31%

-0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-17.26%

-16.94%

-0.32%

Max Drawdown (5Y)

Largest decline over 5 years

-25.79%

-25.88%

+0.09%

Max Drawdown (10Y)

Largest decline over 10 years

-34.10%

-34.11%

+0.01%

Current Drawdown

Current decline from peak

-0.41%

-0.43%

+0.02%

Average Drawdown

Average peak-to-trough decline

-4.49%

-4.44%

-0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

1.97%

+0.01%

Volatility

CW8U.L vs. IWDA.L - Volatility Comparison

Amundi MSCI World UCITS USD (CW8U.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) have volatilities of 3.27% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CW8U.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.27%

3.40%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

9.19%

-0.10%

Volatility (1Y)

Calculated over the trailing 1-year period

11.80%

11.93%

-0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.58%

15.68%

-0.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.84%

15.91%

-0.07%

CW8U.L vs. IWDA.L - Expense Ratio Comparison

CW8U.L has a 0.28% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.

Dividends

CW8U.L vs. IWDA.L - Dividend Comparison

Neither CW8U.L nor IWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.99, CW8U.L and IWDA.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, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.28% for CW8U.L.

CW8U.L tracks MSCI ACWI NR USD, while IWDA.L tracks MSCI World Index (Net). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.28% for CW8U.L and 0.20% for IWDA.L.

Portfolio Optimizer

Find the right allocation for CW8U.L and IWDA.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer