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ESGG.L vs. ISWD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ESGG.L vs. ISWD.L

Last updated Jun 5, 2026

ESGG.L (Invesco MSCI World ESG Universal Screened UCITS ETF Acc) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - ESGG.L tracks the MSCI ACWI NR USD while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 5 years, ESGG.L returned 12.71%/yr vs 13.67%/yr for ISWD.L. A 0.56 correlation means they provide meaningful diversification when combined. ESGG.L charges 0.19%/yr vs 0.60%/yr for ISWD.L.

Performance

ESGG.L vs. ISWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ESGG.L achieves a 10.66% return, which is significantly lower than ISWD.L's 20.06% return.

ESGG.L

1D
-0.24%
1M
5.42%
YTD
10.66%
6M
10.86%
1Y
26.96%
3Y*
17.61%
5Y*
12.71%
10Y*
—

ISWD.L

1D
-0.25%
1M
9.64%
YTD
20.06%
6M
20.12%
1Y
38.63%
3Y*
15.87%
5Y*
13.67%
10Y*
12.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ESGG.L vs. ISWD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ESGG.L
Invesco MSCI World ESG Universal Screened UCITS ETF Acc		10.66%12.19%20.44%19.21%-11.17%22.81%9.98%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.06%11.58%7.85%17.25%-0.87%23.70%2.28%

Correlation

The correlation between ESGG.L and ISWD.L is 0.85, 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

0.85

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

0.80

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

0.63

Correlation (All Time)
Calculated using the full available price history since Feb 7, 2020

0.56

Over the past year, ESGG.L and ISWD.L have become more correlated (0.85) than their long-term average of 0.56, meaning their price movements have been converging.

ESGG.L vs. ISWD.L - Sectors Allocation Comparison

Sectors
ESGG.L
ISWD.L

Technology

31.4%
42.8%

Financial Services

19.3%
0.0%

Industrials

10.6%
12.9%

Healthcare

9.1%
10.4%

Consumer Cyclical

8.3%
6.9%

Communication Services

7.0%
0.4%

Consumer Defensive

4.7%
3.7%

Basic Materials

3.1%
9.6%

Energy

2.3%
11.6%

Real Estate

2.3%
0.2%

Utilities

2.0%
1.1%

Technology

ESGG.L
31.4%
ISWD.L
42.8%

Financial Services

ESGG.L
19.3%
ISWD.L
0.0%

Industrials

ESGG.L
10.6%
ISWD.L
12.9%

Healthcare

ESGG.L
9.1%
ISWD.L
10.4%

Consumer Cyclical

ESGG.L
8.3%
ISWD.L
6.9%

Communication Services

ESGG.L
7.0%
ISWD.L
0.4%

Consumer Defensive

ESGG.L
4.7%
ISWD.L
3.7%

Basic Materials

ESGG.L
3.1%
ISWD.L
9.6%

Energy

ESGG.L
2.3%
ISWD.L
11.6%

Real Estate

ESGG.L
2.3%
ISWD.L
0.2%

Utilities

ESGG.L
2.0%
ISWD.L
1.1%

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Invesco MSCI World ESG Universal Screened UCITS ETF Acc

iShares MSCI World Islamic UCITS ETF USD (Dist)

Often compared with ESGG.L:
ESGG.L vs. V3AB.LESGG.L vs. ACWIESGG.L vs. FWIA.DEESGG.L vs. VTESGG.L vs. VOOESGG.L vs. JEPG.LESGG.L vs. IWVG.L
Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

ESGG.L vs. ISWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ESGG.L
ESGG.L Risk / Return Rank: 7979
Overall Rank
ESGG.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
ESGG.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
ESGG.L Omega Ratio Rank: 8181
Omega Ratio Rank
ESGG.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
ESGG.L Martin Ratio Rank: 7878
Martin Ratio Rank
ISWD.L
ISWD.L Risk / Return Rank: 9393
Overall Rank
ISWD.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9393
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9393
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.

ESGG.L vs. ISWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.

ESGG.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
2.52
3.40

-0.88

Sortino ratioReturn per unit of downside risk
3.47
4.58

-1.11

Omega ratioGain probability vs. loss probability

1.48

1.63

-0.15

Calmar ratioReturn relative to maximum drawdown

3.77

6.98

-3.20

Martin ratioReturn relative to average drawdown

14.88

23.95

-9.06

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

ESGG.L vs. ISWD.L - Sharpe Ratio Comparison

The current ESGG.L Sharpe Ratio is 2.52, which is comparable to the ISWD.L Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of ESGG.L and ISWD.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

ESGG.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.52

3.40

-0.88

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.17

1.03

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.11

0.74

+0.37

Drawdowns

ESGG.L vs. ISWD.L - Drawdown Comparison

The maximum ESGG.L drawdown since its inception was -23.30%, smaller than the maximum ISWD.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for ESGG.L and ISWD.L.

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Drawdown Indicators

ESGG.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-23.30%

-31.52%

+8.22%

Max Drawdown (1Y)

Largest decline over 1 year

-7.11%

-5.51%

-1.60%

Max Drawdown (3Y)

Largest decline over 3 years

-18.64%

-21.00%

+2.36%

Max Drawdown (5Y)

Largest decline over 5 years

-18.64%

-21.00%

+2.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.90%

—

Current Drawdown

Current decline from peak

-0.39%

-0.25%

-0.14%

Average Drawdown

Average peak-to-trough decline

-2.98%

-3.60%

+0.62%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

1.61%

+0.20%

Volatility

ESGG.L vs. ISWD.L - Volatility Comparison

The current volatility for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) is 2.87%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.64%. This indicates that ESGG.L experiences smaller price fluctuations and is considered to be less risky than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ESGG.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

3.64%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.87%

8.41%

-0.54%

Volatility (1Y)

Calculated over the trailing 1-year period

10.64%

11.32%

-0.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.23%

13.27%

+2.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.72%

14.33%

+5.39%

ESGG.L vs. ISWD.L - Expense Ratio Comparison

ESGG.L has a 0.19% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

ESGG.L vs. ISWD.L - Dividend Comparison

ESGG.L has not paid dividends to shareholders, while ISWD.L's dividend yield for the trailing twelve months is around 1.27%.

PositionTTM20252024202320222021202020192018201720162015
ESGG.L
Invesco MSCI World ESG Universal Screened UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%

Frequently Asked Questions

ESGG.L and ISWD.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ESGG.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ESGG.L is cheaper with a 0.19% expense ratio, compared with 0.60% for ISWD.L.

ESGG.L tracks MSCI ACWI NR USD, while ISWD.L tracks MSCI World Islamic Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for ESGG.L and 0.60% for ISWD.L.

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