DPYG.L vs. SWDA.L

Last updated Jun 5, 2026

DPYG.L (iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - DPYG.L is a REIT fund tracking the FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged), while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, DPYG.L returned 1.37%/yr vs 13.06%/yr for SWDA.L. A 0.50 correlation means they provide meaningful diversification when combined. DPYG.L charges 0.64%/yr vs 0.20%/yr for SWDA.L.

Performance

DPYG.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DPYG.L is traded in GBP, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, DPYG.L achieves a 6.70% return, which is significantly lower than SWDA.L's 10.08% return.

DPYG.L

• 1D: 0.24%
• 1M: -0.72%
• YTD: 6.70%
• 6M: 7.50%
• 1Y: 11.15%
• 3Y*: 8.45%
• 5Y*: 1.37%
• 10Y*: —

SWDA.L

• 1D: 0.15%
• 1M: 5.12%
• YTD: 10.08%
• 6M: 10.35%
• 1Y: 27.25%
• 3Y*: 17.68%
• 5Y*: 13.06%
• 10Y*: 13.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)	6.70%	7.38%	2.06%	9.46%	-22.94%	27.74%	-13.64%	19.27%	1.57%
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	10.08%	12.64%	21.11%	17.59%	-8.33%	23.64%	12.25%	23.03%	-2.22%

Correlation

The correlation between DPYG.L and SWDA.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Mar 9, 2018	0.50

The correlation between DPYG.L and SWDA.L shifts across timeframes, from 0.42 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	DPYG.L	SWDA.L
Real Estate	100.0%	1.8%
Financial Services	0.1%	15.4%
Consumer Cyclical	0.0%	9.0%
Basic Materials	-	3.2%
Communication Services	-	9.2%
Consumer Defensive	-	5.2%
Energy	-	4.2%
Healthcare	-	8.7%
Industrials	-	10.9%
Technology	-	30.0%
Utilities	-	2.5%

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DPYG.L

DPYG.L Risk / Return Rank: 28
DPYG.L Sharpe Ratio Rank: 29
DPYG.L Sortino Ratio Rank: 28
DPYG.L Omega Ratio Rank: 27
DPYG.L Calmar Ratio Rank: 26
DPYG.L Martin Ratio Rank: 30

SWDA.L

SWDA.L Risk / Return Rank: 83
SWDA.L Sharpe Ratio Rank: 83
SWDA.L Sortino Ratio Rank: 83
SWDA.L Omega Ratio Rank: 84
SWDA.L Calmar Ratio Rank: 81
SWDA.L Martin Ratio Rank: 83

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.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.

	DPYG.L	SWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.00	2.66	-1.66
Sortino ratio: Return per unit of downside risk	1.50	3.69	-2.20
Omega ratio: Gain probability vs. loss probability	1.18	1.51	-0.33
Calmar ratio: Return relative to maximum drawdown	1.24	4.14	-2.91
Martin ratio: Return relative to average drawdown	4.23	16.55	-12.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current DPYG.L Sharpe Ratio is 1.00, which is lower than the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of DPYG.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.

Sharpe Ratios by Period

	DPYG.L	SWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	2.66	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.98	-0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.88	-0.69

Drawdowns

DPYG.L vs. SWDA.L - Drawdown Comparison

The maximum DPYG.L drawdown since its inception was -42.55%, 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 DPYG.L and SWDA.L.

Drawdown Indicators

	DPYG.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-42.55%	-25.58%	-16.97%
Max Drawdown (1Y) Largest decline over 1 year	-9.07%	-6.55%	-2.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.89%	-18.50%	+1.61%
Max Drawdown (5Y) Largest decline over 5 years	-31.83%	-18.50%	-13.33%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.58%	—
Current Drawdown Current decline from peak	-2.86%	-0.10%	-2.76%
Average Drawdown Average peak-to-trough decline	-11.78%	-3.49%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	1.64%	+1.01%

Volatility

DPYG.L vs. SWDA.L - Volatility Comparison

iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist) (DPYG.L) has a higher volatility of 3.43% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that DPYG.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.

Volatility by Period

	DPYG.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	2.52%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	7.29%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	10.19%	+0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.14%	13.30%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.43%	14.50%	+2.93%

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

DPYG.L has a 0.64% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

DPYG.L vs. SWDA.L - Dividend Comparison

DPYG.L's dividend yield for the trailing twelve months is around 2.95%, while SWDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DPYG.L iShares Developed Markets Property Yield UCITS ETF GBP Hedged (Dist)	2.95%	3.02%	3.11%	3.00%	3.71%	2.13%	2.98%	2.95%	2.99%
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%

Frequently Asked Questions

Can I hold both DPYG.L and SWDA.L in my portfolio?

DPYG.L and SWDA.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DPYG.L or SWDA.L?

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.

Which ETF is cheaper, DPYG.L or SWDA.L?

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.64% for DPYG.L.

What is the main difference between DPYG.L and SWDA.L?

DPYG.L is categorized as REIT, while SWDA.L is Global Equities. DPYG.L tracks FTSE EPRA/NAREIT Developed Dividend+ (GBP Hedged), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.64% for DPYG.L and 0.20% for SWDA.L.