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GEDM.L vs. SWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GEDM.L vs. SWDA.L

Last updated Jun 4, 2026

GEDM.L (iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - GEDM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while SWDA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, GEDM.L returned 6.41%/yr vs 13.02%/yr for SWDA.L. A 0.53 correlation means they provide meaningful diversification when combined. GEDM.L charges 0.18%/yr vs 0.20%/yr for SWDA.L.

Performance

GEDM.L vs. SWDA.L - Performance Comparison

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

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Different Trading Currencies

GEDM.L is traded in GBP, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GEDM.L achieves a 27.08% return, which is significantly higher than SWDA.L's 9.92% return.

GEDM.L

1D
-0.73%
1M
10.73%
YTD
27.08%
6M
27.97%
1Y
51.62%
3Y*
18.29%
5Y*
6.41%
10Y*
—

SWDA.L

1D
-0.25%
1M
5.16%
YTD
9.92%
6M
10.29%
1Y
27.16%
3Y*
17.83%
5Y*
13.02%
10Y*
14.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GEDM.L vs. SWDA.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
GEDM.L
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)		27.08%21.46%6.51%2.00%-13.11%-2.00%17.86%-1.37%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.92%12.64%21.11%17.59%-8.33%23.64%12.25%-0.09%

Correlation

The correlation between GEDM.L and SWDA.L is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.66

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

0.61

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

0.59

Correlation (All Time)
Calculated using the full available price history since Nov 28, 2019

0.53

The correlation between GEDM.L and SWDA.L shifts across timeframes, from 0.53 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.

GEDM.L vs. SWDA.L - Sectors Allocation Comparison

Sectors
GEDM.L
SWDA.L

Technology

40.9%
30.0%

Financial Services

18.0%
15.4%

Consumer Cyclical

9.4%
9.0%

Industrials

7.8%
10.9%

Communication Services

6.2%
9.2%

Basic Materials

5.6%
3.2%

Healthcare

3.5%
8.7%

Energy

3.0%
4.2%

Consumer Defensive

2.8%
5.2%

Real Estate

1.7%
1.8%

Utilities

1.2%
2.5%

Technology

GEDM.L
40.9%
SWDA.L
30.0%

Financial Services

GEDM.L
18.0%
SWDA.L
15.4%

Consumer Cyclical

GEDM.L
9.4%
SWDA.L
9.0%

Industrials

GEDM.L
7.8%
SWDA.L
10.9%

Communication Services

GEDM.L
6.2%
SWDA.L
9.2%

Basic Materials

GEDM.L
5.6%
SWDA.L
3.2%

Healthcare

GEDM.L
3.5%
SWDA.L
8.7%

Energy

GEDM.L
3.0%
SWDA.L
4.2%

Consumer Defensive

GEDM.L
2.8%
SWDA.L
5.2%

Real Estate

GEDM.L
1.7%
SWDA.L
1.8%

Utilities

GEDM.L
1.2%
SWDA.L
2.5%

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iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with GEDM.L:
GEDM.L vs. VUAA.DEGEDM.L vs. EXCS.LGEDM.L vs. DGSE.LGEDM.L vs. HMEF.LGEDM.L vs. DEMS.LGEDM.L vs. E127.LGEDM.L vs. EMDV.L
Often compared with SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

GEDM.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GEDM.L
GEDM.L Risk / Return Rank: 8686
Overall Rank
GEDM.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
GEDM.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
GEDM.L Omega Ratio Rank: 8989
Omega Ratio Rank
GEDM.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
GEDM.L Martin Ratio Rank: 8181
Martin Ratio Rank
SWDA.L
SWDA.L Risk / Return Rank: 8181
Overall Rank
SWDA.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8282
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8181
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.

GEDM.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist) (GEDM.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.

GEDM.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
3.06
2.66

+0.41

Sortino ratioReturn per unit of downside risk
3.86
3.68

+0.18

Omega ratioGain probability vs. loss probability

1.57

1.51

+0.06

Calmar ratioReturn relative to maximum drawdown

4.55

4.13

+0.42

Martin ratioReturn relative to average drawdown

15.80

16.50

-0.71

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

GEDM.L vs. SWDA.L - Sharpe Ratio Comparison

The current GEDM.L Sharpe Ratio is 3.06, which is comparable to the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of GEDM.L and SWDA.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

GEDM.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.06

2.66

+0.41

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.41

0.98

-0.57

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.97

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.88

-0.37

Drawdowns

GEDM.L vs. SWDA.L - Drawdown Comparison

The maximum GEDM.L drawdown since its inception was -27.84%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for GEDM.L and SWDA.L.

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Drawdown Indicators

GEDM.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.84%

-25.58%

-2.26%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-6.55%

-4.92%

Max Drawdown (3Y)

Largest decline over 3 years

-16.11%

-18.50%

+2.39%

Max Drawdown (5Y)

Largest decline over 5 years

-24.79%

-18.50%

-6.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.58%

—

Current Drawdown

Current decline from peak

-0.73%

-0.25%

-0.48%

Average Drawdown

Average peak-to-trough decline

-13.16%

-3.49%

-9.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.29%

1.64%

+1.65%

Volatility

GEDM.L vs. SWDA.L - Volatility Comparison

iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist) (GEDM.L) has a higher volatility of 7.18% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that GEDM.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GEDM.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.18%

2.52%

+4.66%

Volatility (6M)

Calculated over the trailing 6-month period

14.53%

7.30%

+7.23%

Volatility (1Y)

Calculated over the trailing 1-year period

17.05%

10.23%

+6.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.77%

13.30%

+3.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.98%

14.50%

+4.48%

GEDM.L vs. SWDA.L - Expense Ratio Comparison

GEDM.L has a 0.18% expense ratio, which is lower than SWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GEDM.L vs. SWDA.L - Dividend Comparison

GEDM.L's dividend yield for the trailing twelve months is around 0.02%, while SWDA.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
GEDM.L
iShares MSCI EM IMI ESG Screened UCITS ETF USD (Dist)		0.02%0.02%0.02%0.02%0.03%0.02%0.02%0.01%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

GEDM.L and SWDA.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, GEDM.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GEDM.L is cheaper with a 0.18% expense ratio, compared with 0.20% for SWDA.L.

GEDM.L is categorized as Emerging Markets Equities, while SWDA.L is Global Equities. GEDM.L tracks MSCI EM NR USD, while SWDA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.18% for GEDM.L and 0.20% for SWDA.L.

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