FSWD.L vs. CU1.L
FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) and CU1.L (iShares MSCI USA UCITS ETF USD (Acc)) are both exchange-traded funds - FSWD.L is a Global Equities fund tracking the STOXX Developed World Equity Factor Screened Net Index, while CU1.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, FSWD.L returned 11.49%/yr vs 14.31%/yr for CU1.L. Their correlation of 0.89 suggests significant overlap in exposure. FSWD.L charges 0.30%/yr vs 0.33%/yr for CU1.L.
Performance
FSWD.L vs. CU1.L - Performance Comparison
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Returns By Period
In the year-to-date period, FSWD.L achieves a 12.10% return, which is significantly higher than CU1.L's 8.92% return. Over the past 10 years, FSWD.L has underperformed CU1.L with an annualized return of 11.49%, while CU1.L has yielded a comparatively higher 14.31% annualized return.
FSWD.L
- 1D
- -0.82%
- 1M
- -0.61%
- 6M
- 10.73%
- YTD
- 12.10%
- 1Y
- 24.41%
- 3Y*
- 18.45%
- 5Y*
- 11.68%
- 10Y*
- 11.49%
CU1.L
- 1D
- -1.06%
- 1M
- -0.88%
- 6M
- 7.37%
- YTD
- 8.92%
- 1Y
- 19.25%
- 3Y*
- 18.28%
- 5Y*
- 12.81%
- 10Y*
- 14.31%
FSWD.L vs. CU1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.10% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 6.89% | 17.63% | -7.35% | 15.20% |
CU1.L iShares MSCI USA UCITS ETF USD (Acc) | 8.92% | 9.22% | 27.38% | 20.66% | -10.62% | 28.72% | 16.30% | 26.24% | -0.58% | 10.75% |
Correlation
The correlation between FSWD.L and CU1.L is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2015 | 0.89 |
The correlation between FSWD.L and CU1.L has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
FSWD.L vs. CU1.L — Risk / Return Rank
FSWD.L
CU1.L
FSWD.L vs. CU1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) and iShares MSCI USA UCITS ETF USD (Acc) (CU1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FSWD.L | CU1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.32 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 2.50 | +1.62 |
| Martin ratioReturn relative to average drawdown | 15.80 | 8.48 | +7.32 |
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Drawdowns
FSWD.L vs. CU1.L - Drawdown Comparison
The maximum FSWD.L drawdown since its inception was -37.43%, smaller than the maximum CU1.L drawdown of -98.42%. Use the drawdown chart below to compare losses from any high point for FSWD.L and CU1.L.
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Drawdown Indicators
| FSWD.L | CU1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.43% | -98.42% | +60.99% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -7.68% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -21.55% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -21.55% | +1.62% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | -25.87% | -0.40% |
Current DrawdownCurrent decline from peak | -1.42% | -1.89% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -4.00% | -3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.27% | -0.73% |
Volatility
FSWD.L vs. CU1.L - Volatility Comparison
The current volatility for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) is 2.86%, while iShares MSCI USA UCITS ETF USD (Acc) (CU1.L) has a volatility of 3.12%. This indicates that FSWD.L experiences smaller price fluctuations and is considered to be less risky than CU1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSWD.L | CU1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 3.12% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 7.93% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 11.16% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 20.20% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 18.38% | -0.98% |
FSWD.L vs. CU1.L - Expense Ratio Comparison
FSWD.L has a 0.30% expense ratio, which is lower than CU1.L's 0.33% expense ratio.
Dividends
FSWD.L vs. CU1.L - Dividend Comparison
Neither FSWD.L nor CU1.L has paid dividends to shareholders.
Frequently Asked Questions
FSWD.L and CU1.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FSWD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FSWD.L is cheaper with a 0.30% expense ratio, compared with 0.33% for CU1.L.
FSWD.L is categorized as Global Equities, while CU1.L is Large Cap Blend Equities. FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index, while CU1.L tracks Russell 1000 TR USD. Their fees differ too: 0.30% for FSWD.L and 0.33% for CU1.L.
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