EGDM.L vs. IWDA.L

Last updated Jun 5, 2026

EGDM.L (iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - EGDM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, EGDM.L returned 7.74%/yr vs 13.06%/yr for IWDA.L. A 0.60 correlation means they provide meaningful diversification when combined. EGDM.L charges 0.18%/yr vs 0.20%/yr for IWDA.L.

Performance

EGDM.L vs. IWDA.L - Performance Comparison

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

Different Trading Currencies

EGDM.L is traded in GBP, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, EGDM.L achieves a 25.08% return, which is significantly higher than IWDA.L's 10.28% return.

EGDM.L

• 1D: -1.60%
• 1M: 6.55%
• YTD: 25.08%
• 6M: 26.80%
• 1Y: 51.52%
• 3Y*: 20.30%
• 5Y*: 7.74%
• 10Y*: —

IWDA.L

• 1D: 0.10%
• 1M: 5.02%
• YTD: 10.28%
• 6M: 10.21%
• 1Y: 27.20%
• 3Y*: 17.74%
• 5Y*: 13.06%
• 10Y*: 13.91%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EGDM.L iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist)	25.08%	26.25%	8.50%	2.10%	-12.36%	-1.65%	15.68%	2.53%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	10.28%	12.41%	21.19%	18.05%	-8.38%	23.34%	12.65%	0.38%

Correlation

The correlation between EGDM.L and IWDA.L is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.60

The correlation between EGDM.L and IWDA.L has been stable across timeframes, ranging from 0.56 to 0.60 - a consistent structural relationship.

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

Sectors	EGDM.L	IWDA.L
Technology	43.1%	32.9%
Financial Services	17.9%	14.9%
Consumer Cyclical	8.6%	8.8%
Industrials	7.0%	9.7%
Communication Services	6.3%	9.3%
Basic Materials	5.5%	2.8%
Energy	3.4%	3.9%
Consumer Defensive	2.7%	4.8%
Healthcare	2.6%	8.6%
Utilities	1.7%	2.4%
Real Estate	1.3%	1.2%

Return for Risk

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

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

EGDM.L

EGDM.L Risk / Return Rank: 87
EGDM.L Sharpe Ratio Rank: 90
EGDM.L Sortino Ratio Rank: 87
EGDM.L Omega Ratio Rank: 90
EGDM.L Calmar Ratio Rank: 84
EGDM.L Martin Ratio Rank: 81

IWDA.L

IWDA.L Risk / Return Rank: 68
IWDA.L Sharpe Ratio Rank: 67
IWDA.L Sortino Ratio Rank: 73
IWDA.L Omega Ratio Rank: 67
IWDA.L Calmar Ratio Rank: 64
IWDA.L Martin Ratio Rank: 72

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist) (EGDM.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.

	EGDM.L	IWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	3.05	2.33	+0.71
Sortino ratio: Return per unit of downside risk	3.92	3.24	+0.67
Omega ratio: Gain probability vs. loss probability	1.56	1.44	+0.12
Calmar ratio: Return relative to maximum drawdown	4.47	4.25	+0.22
Martin ratio: Return relative to average drawdown	15.88	16.00	-0.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EGDM.L Sharpe Ratio is 3.05, which is higher than the IWDA.L Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of EGDM.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.

Sharpe Ratios by Period

	EGDM.L	IWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.05	2.33	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.90	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.86	-0.34

Drawdowns

EGDM.L vs. IWDA.L - Drawdown Comparison

The maximum EGDM.L drawdown since its inception was -28.27%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for EGDM.L and IWDA.L.

Drawdown Indicators

	EGDM.L	IWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.27%	-26.18%	-2.09%
Max Drawdown (1Y) Largest decline over 1 year	-11.46%	-6.37%	-5.09%
Max Drawdown (3Y) Largest decline over 3 years	-15.33%	-18.91%	+3.58%
Max Drawdown (5Y) Largest decline over 5 years	-25.09%	-18.91%	-6.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.18%	—
Current Drawdown Current decline from peak	-2.51%	-0.07%	-2.44%
Average Drawdown Average peak-to-trough decline	-12.18%	-3.39%	-8.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	1.70%	+1.53%

Volatility

EGDM.L vs. IWDA.L - Volatility Comparison

iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist) (EGDM.L) has a higher volatility of 7.45% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.39%. This indicates that EGDM.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EGDM.L	IWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.45%	3.39%	+4.06%
Volatility (6M) Calculated over the trailing 6-month period	14.40%	8.83%	+5.57%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	11.60%	+5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	14.49%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	15.51%	+2.50%

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

EGDM.L has a 0.18% expense ratio, which is lower than IWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EGDM.L vs. IWDA.L - Dividend Comparison

EGDM.L's dividend yield for the trailing twelve months is around 1.51%, while IWDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
EGDM.L iShares MSCI EM ESG Enhanced UCITS ETF USD (Dist)	1.51%	1.88%	2.34%	2.37%	2.55%	1.96%	1.62%	0.05%
IWDA.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%

Frequently Asked Questions

Can I hold both EGDM.L and IWDA.L in my portfolio?

EGDM.L and IWDA.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EGDM.L or IWDA.L?

On fees, EGDM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EGDM.L or IWDA.L?

EGDM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for IWDA.L.

What is the main difference between EGDM.L and IWDA.L?

EGDM.L is categorized as Emerging Markets Equities, while IWDA.L is Global Equities. EGDM.L tracks MSCI EM NR USD, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.18% for EGDM.L and 0.20% for IWDA.L.