EGMW.L vs. WRDA.L
EGMW.L (iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - EGMW.L tracks the MSCI ACWI NR USD while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, EGMW.L returned 25.53% vs 27.42% for WRDA.L. With a 0.99 correlation, they move nearly in lockstep. EGMW.L charges 0.20%/yr vs 0.06%/yr for WRDA.L.
Performance
EGMW.L vs. WRDA.L - Performance Comparison
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Different Trading Currencies
EGMW.L is traded in GBP, while WRDA.L is traded in GBp. To make them comparable, the WRDA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EGMW.L achieves a 9.42% return, which is significantly lower than WRDA.L's 10.16% return.
EGMW.L
- 1D
- 0.11%
- 1M
- 5.23%
- YTD
- 9.42%
- 6M
- 9.73%
- 1Y
- 25.53%
- 3Y*
- 16.40%
- 5Y*
- 11.70%
- 10Y*
- —
WRDA.L
- 1D
- 0.07%
- 1M
- 5.13%
- YTD
- 10.16%
- 6M
- 10.42%
- 1Y
- 27.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EGMW.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EGMW.L iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) | 9.42% | 11.08% | 19.34% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.16% | 12.77% | 20.02% |
Correlation
The correlation between EGMW.L and WRDA.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 (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.99 |
The correlation between EGMW.L and WRDA.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
EGMW.L vs. WRDA.L — Risk / Return Rank
EGMW.L
WRDA.L
EGMW.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.
| EGMW.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.52 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 4.18 | -0.62 |
| Martin ratioReturn relative to average drawdown | 14.23 | 16.68 | -2.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EGMW.L | WRDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.72 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.51 | -0.72 |
Drawdowns
EGMW.L vs. WRDA.L - Drawdown Comparison
The maximum EGMW.L drawdown since its inception was -23.48%, which is greater than WRDA.L's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for EGMW.L and WRDA.L.
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Drawdown Indicators
| EGMW.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.48% | -18.38% | -5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -6.53% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.00% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.12% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -2.27% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.64% | +0.15% |
Volatility
EGMW.L vs. WRDA.L - Volatility Comparison
iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EGMW.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) have volatilities of 2.55% and 2.49%, 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.
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Volatility by Period
| EGMW.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.49% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.35% | 7.16% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 10.03% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.31% | 12.34% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 12.34% | +3.71% |
EGMW.L vs. WRDA.L - Expense Ratio Comparison
EGMW.L has a 0.20% expense ratio, which is higher than WRDA.L's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EGMW.L vs. WRDA.L - Dividend Comparison
Neither EGMW.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EGMW.L and WRDA.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, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.20% for EGMW.L.
EGMW.L tracks MSCI ACWI NR USD, while WRDA.L tracks MSCI World Index. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for EGMW.L and 0.06% for WRDA.L.
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