GAAA.L vs. IWDA.L
Compare and contrast key facts about iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) (GAAA.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L).
GAAA.L and IWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GAAA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Jun 29, 2018. IWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Sep 25, 2009. Both GAAA.L and IWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GAAA.L vs. IWDA.L - Performance Comparison
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GAAA.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GAAA.L iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) | -0.80% | 10.43% | -5.07% | 8.26% | -20.61% | -8.76% | 12.37% | 4.92% | -1.16% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | -2.32% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -8.93% |
Returns By Period
In the year-to-date period, GAAA.L achieves a -0.80% return, which is significantly higher than IWDA.L's -2.32% return.
GAAA.L
- 1D
- 0.79%
- 1M
- -2.48%
- YTD
- -0.80%
- 6M
- -0.44%
- 1Y
- 6.78%
- 3Y*
- 2.93%
- 5Y*
- -2.78%
- 10Y*
- —
IWDA.L
- 1D
- 2.92%
- 1M
- -3.75%
- YTD
- -2.32%
- 6M
- 1.15%
- 1Y
- 20.54%
- 3Y*
- 17.66%
- 5Y*
- 10.54%
- 10Y*
- 12.16%
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GAAA.L vs. IWDA.L - Expense Ratio Comparison
Both GAAA.L and IWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
GAAA.L vs. IWDA.L — Risk / Return Rank
GAAA.L
IWDA.L
GAAA.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) (GAAA.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| GAAA.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.89 | 1.31 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.86 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.31 | -1.00 |
Martin ratioReturn relative to average drawdown | 4.01 | 9.49 | -5.48 |
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
| GAAA.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.89 | 1.31 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | 0.67 | -0.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.75 | -0.83 |
Correlation
The correlation between GAAA.L and IWDA.L is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
GAAA.L vs. IWDA.L - Dividend Comparison
Neither GAAA.L nor IWDA.L has paid dividends to shareholders.
Drawdowns
GAAA.L vs. IWDA.L - Drawdown Comparison
The maximum GAAA.L drawdown since its inception was -33.06%, roughly equal to the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for GAAA.L and IWDA.L.
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Drawdown Indicators
| GAAA.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.06% | -34.11% | +1.05% |
Max Drawdown (1Y)Largest decline over 1 year | -5.08% | -11.56% | +6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | -25.88% | -4.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.11% | — |
Current DrawdownCurrent decline from peak | -18.45% | -5.16% | -13.29% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -4.48% | -9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 2.11% | -0.45% |
Volatility
GAAA.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Global AAA-AA Govt Bond UCITS ETF USD (Acc) (GAAA.L) is 2.84%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 5.47%. This indicates that GAAA.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAAA.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.84% | 5.47% | -2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 4.76% | 8.94% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.58% | 15.63% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.80% | 15.63% | -6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 15.86% | -7.92% |