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FWWFX vs. IGLO.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FWWFX vs. IGLO.L

Last updated Jun 13, 2026

FWWFX (Fidelity Worldwide Fund) and IGLO.L (iShares Global Government Bond UCITS) are both funds - FWWFX is a Global Equities fund managed by Fidelity, while IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD. Over the past 10 years, FWWFX returned 15.11%/yr vs -0.86%/yr for IGLO.L. At a 0.01 correlation, their price movements are largely independent. FWWFX charges 1.00%/yr vs 0.20%/yr for IGLO.L.

Performance

FWWFX vs. IGLO.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Worldwide Fund (FWWFX) and iShares Global Government Bond UCITS (IGLO.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, FWWFX achieves a 18.32% return, which is significantly higher than IGLO.L's -1.54% return. Over the past 10 years, FWWFX has outperformed IGLO.L with an annualized return of 15.11%, while IGLO.L has yielded a comparatively lower -0.86% annualized return.

FWWFX

1D
3.62%
1M
-0.37%
YTD
18.32%
6M
19.17%
1Y
37.56%
3Y*
24.02%
5Y*
11.70%
10Y*
15.11%

IGLO.L

1D
0.58%
1M
0.10%
YTD
-1.54%
6M
-0.59%
1Y
-0.32%
3Y*
1.50%
5Y*
-3.38%
10Y*
-0.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FWWFX vs. IGLO.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FWWFX
Fidelity Worldwide Fund		18.32%16.16%27.65%24.96%-25.74%18.49%30.91%28.97%-4.53%28.72%
IGLO.L
iShares Global Government Bond UCITS		-1.54%7.14%-3.65%4.00%-17.69%-6.89%9.37%5.54%-0.30%6.12%

Correlation

The correlation between FWWFX and IGLO.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.19

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

0.14

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

0.13

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Mar 6, 2009

0.01

The correlation between FWWFX and IGLO.L shifts across timeframes, from 0.01 (all time) to 0.19 (1 year), reflecting how their relationship changes across market environments.

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Fidelity Worldwide Fund

iShares Global Government Bond UCITS

Often compared with FWWFX:
FWWFX vs. VTFWWFX vs. FTIHXFWWFX vs. FGILXFWWFX vs. FZILXFWWFX vs. FSPSXFWWFX vs. SMCWXFWWFX vs. FNIDX
Often compared with IGLO.L:
IGLO.L vs. SGLO.LIGLO.L vs. IGLA.LIGLO.L vs. IAAA.LIGLO.L vs. BNDIGLO.L vs. BNDXIGLO.L vs. HMWO.LIGLO.L vs. EWU

Return for Risk

FWWFX vs. IGLO.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FWWFX
FWWFX Risk / Return Rank: 7373
Overall Rank
FWWFX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
FWWFX Sortino Ratio Rank: 6464
Sortino Ratio Rank
FWWFX Omega Ratio Rank: 6666
Omega Ratio Rank
FWWFX Calmar Ratio Rank: 8181
Calmar Ratio Rank
FWWFX Martin Ratio Rank: 8585
Martin Ratio Rank
IGLO.L
IGLO.L Risk / Return Rank: 88
Overall Rank
IGLO.L Sharpe Ratio Rank: 88
Sharpe Ratio Rank
IGLO.L Sortino Ratio Rank: 88
Sortino Ratio Rank
IGLO.L Omega Ratio Rank: 88
Omega Ratio Rank
IGLO.L Calmar Ratio Rank: 88
Calmar Ratio Rank
IGLO.L Martin Ratio Rank: 88
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.

FWWFX vs. IGLO.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Worldwide Fund (FWWFX) and iShares Global Government Bond UCITS (IGLO.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.

FWWFXIGLO.LDifference
Sharpe ratioReturn per unit of total volatility
1.94
-0.09

+2.04

Sortino ratioReturn per unit of downside risk
2.59
-0.09

+2.69

Omega ratioGain probability vs. loss probability

1.35

0.99

+0.36

Calmar ratioReturn relative to maximum drawdown

3.07

-0.13

+3.19

Martin ratioReturn relative to average drawdown

12.99

-0.31

+13.30

FWWFX vs. IGLO.L - Sharpe Ratio Comparison

The current FWWFX Sharpe Ratio is 1.94, which is higher than the IGLO.L Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of FWWFX and IGLO.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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Drawdowns

FWWFX vs. IGLO.L - Drawdown Comparison

The maximum FWWFX drawdown since its inception was -56.54%, which is greater than IGLO.L's maximum drawdown of -28.01%. Use the drawdown chart below to compare losses from any high point for FWWFX and IGLO.L.

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Drawdown Indicators

FWWFXIGLO.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.54%

-28.01%

-28.53%

Max Drawdown (1Y)

Largest decline over 1 year

-11.74%

-4.28%

-7.46%

Max Drawdown (3Y)

Largest decline over 3 years

-22.61%

-7.93%

-14.68%

Max Drawdown (5Y)

Largest decline over 5 years

-33.72%

-25.88%

-7.84%

Max Drawdown (10Y)

Largest decline over 10 years

-33.72%

-28.01%

-5.71%

Current Drawdown

Current decline from peak

-2.36%

-19.01%

+16.65%

Average Drawdown

Average peak-to-trough decline

-9.42%

-9.03%

-0.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.77%

1.75%

+1.02%

Volatility

FWWFX vs. IGLO.L - Volatility Comparison

Fidelity Worldwide Fund (FWWFX) has a higher volatility of 7.88% compared to iShares Global Government Bond UCITS (IGLO.L) at 2.08%. This indicates that FWWFX's price experiences larger fluctuations and is considered to be riskier than IGLO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FWWFXIGLO.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.88%

2.08%

+5.80%

Volatility (6M)

Calculated over the trailing 6-month period

15.16%

4.42%

+10.74%

Volatility (1Y)

Calculated over the trailing 1-year period

18.52%

5.92%

+12.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.09%

7.47%

+11.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.89%

6.67%

+12.22%

FWWFX vs. IGLO.L - Expense Ratio Comparison

FWWFX has a 1.00% expense ratio, which is higher than IGLO.L's 0.20% expense ratio.

Dividends

FWWFX vs. IGLO.L - Dividend Comparison

FWWFX's dividend yield for the trailing twelve months is around 9.75%, more than IGLO.L's 3.09% yield.

PositionTTM20252024202320222021202020192018201720162015
FWWFX
Fidelity Worldwide Fund		9.75%11.54%14.64%0.94%6.29%12.76%8.08%4.87%9.63%6.24%1.22%3.38%
IGLO.L
iShares Global Government Bond UCITS		3.09%2.86%2.51%1.47%0.78%0.63%0.99%1.21%1.07%0.93%1.09%0.60%

Frequently Asked Questions

FWWFX and IGLO.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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