FSWD.L vs. ISAC.L
FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - FSWD.L tracks the iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) while ISAC.L tracks the MSCI All Country World Index (Net). Both are passively managed. Over the past 10 years, FSWD.L returned 11.62%/yr vs 12.14%/yr for ISAC.L. Their correlation of 0.86 suggests significant overlap in exposure. FSWD.L charges 0.30%/yr vs 0.20%/yr for ISAC.L.
Performance
FSWD.L vs. ISAC.L - Performance Comparison
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Different Trading Currencies
FSWD.L is traded in GBp, while ISAC.L is traded in USD. To make them comparable, the ISAC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FSWD.L achieves a 12.69% return, which is significantly higher than ISAC.L's 10.73% return. Both investments have delivered pretty close results over the past 10 years, with FSWD.L having a 11.62% annualized return and ISAC.L not far ahead at 12.14%.
FSWD.L
- 1D
- -0.09%
- 1M
- 0.20%
- 6M
- 12.10%
- YTD
- 12.69%
- 1Y
- 25.25%
- 3Y*
- 19.01%
- 5Y*
- 11.79%
- 10Y*
- 11.62%
ISAC.L
- 1D
- -0.92%
- 1M
- -1.47%
- 6M
- 9.00%
- YTD
- 10.73%
- 1Y
- 22.42%
- 3Y*
- 17.72%
- 5Y*
- 11.51%
- 10Y*
- 12.14%
FSWD.L vs. ISAC.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) | 12.69% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 6.89% | 17.63% | -7.35% | 15.20% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 10.73% | 13.64% | 19.87% | 16.44% | -8.43% | 19.97% | 12.26% | 20.97% | -4.37% | 13.64% |
Correlation
The correlation between FSWD.L and ISAC.L is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2015 | 0.86 |
The correlation between FSWD.L and ISAC.L has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
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Return for Risk
FSWD.L vs. ISAC.L — Risk / Return Rank
FSWD.L
ISAC.L
FSWD.L vs. ISAC.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 ACWI UCITS ETF USD (Acc) (ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.33 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 3.25 | +1.29 |
| Martin ratioReturn relative to average drawdown | 17.41 | 11.85 | +5.56 |
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Drawdowns
FSWD.L vs. ISAC.L - Drawdown Comparison
The maximum FSWD.L drawdown since its inception was -37.43%, which is greater than ISAC.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for FSWD.L and ISAC.L.
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Drawdown Indicators
| FSWD.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.43% | -25.84% | -11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -6.88% | +0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -18.33% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -18.33% | -1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | -25.84% | -0.43% |
Current DrawdownCurrent decline from peak | -0.91% | -2.45% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -3.51% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.89% | -0.35% |
Volatility
FSWD.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) is 2.81%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.31%. This indicates that FSWD.L experiences smaller price fluctuations and is considered to be less risky than ISAC.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 | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.31% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 10.05% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.99% | 12.43% | -1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 14.39% | +4.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 15.40% | +2.00% |
FSWD.L vs. ISAC.L - Expense Ratio Comparison
FSWD.L has a 0.30% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.
Dividends
FSWD.L vs. ISAC.L - Dividend Comparison
Neither FSWD.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
FSWD.L and ISAC.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.30% for FSWD.L.
FSWD.L tracks iShares STOXX World Equity Multifactor UCITS ETF USD (Acc), while ISAC.L tracks MSCI All Country World Index (Net). Their fees differ too: 0.30% for FSWD.L and 0.20% for ISAC.L.
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