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GIN.L vs. ISDW.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GIN.L vs. ISDW.L

Last updated Jun 5, 2026

GIN.L (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist) and ISDW.L (iShares MSCI World Islamic UCITS) are both exchange-traded funds - GIN.L is a Diversified Portfolio fund tracking the Morningstar EAA USD Mod Tgt Alloc NR USD, while ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index. Both are passively managed. Over the past 10 years, GIN.L returned 33.49%/yr vs 12.06%/yr for ISDW.L. At a 0.48 correlation, their price movements are largely independent. GIN.L charges 0.40%/yr vs 0.30%/yr for ISDW.L.

Performance

GIN.L vs. ISDW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) and iShares MSCI World Islamic UCITS (ISDW.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GIN.L is traded in GBP, while ISDW.L is traded in USD. To make them comparable, the ISDW.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GIN.L achieves a 2.94% return, which is significantly lower than ISDW.L's 19.94% return. Over the past 10 years, GIN.L has outperformed ISDW.L with an annualized return of 33.49%, while ISDW.L has yielded a comparatively lower 12.06% annualized return.

GIN.L

1D
-0.07%
1M
-0.53%
YTD
2.94%
6M
2.23%
1Y
8.48%
3Y*
3.96%
5Y*
2.26%
10Y*
33.49%

ISDW.L

1D
-0.28%
1M
9.36%
YTD
19.94%
6M
19.74%
1Y
38.04%
3Y*
15.59%
5Y*
13.22%
10Y*
12.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GIN.L vs. ISDW.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GIN.L
SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist		2.94%3.55%2.09%1.50%-3.30%1,062.98%3.81%14.60%1.51%3.01%
ISDW.L
iShares MSCI World Islamic UCITS		19.94%10.85%7.57%17.43%-1.32%22.55%5.15%16.55%-4.19%9.04%

Correlation

The correlation between GIN.L and ISDW.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.21

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

0.26

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

0.31

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

0.46

Correlation (All Time)
Calculated using the full available price history since Apr 17, 2015

0.48

Over the past year, the correlation between GIN.L and ISDW.L has dropped to 0.21 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

GIN.L vs. ISDW.L - Sectors Allocation Comparison

Sectors
GIN.L
ISDW.L

Utilities

41.4%
1.0%

Industrials

38.1%
12.7%

Energy

12.1%
10.9%

Healthcare

3.9%
10.2%

Real Estate

2.9%
0.2%

Communication Services

1.1%
0.4%

Technology

0.3%
43.8%

Consumer Cyclical

0.2%
7.1%

Financial Services

0.1%
0.0%

Consumer Defensive

0.0%
3.7%

Basic Materials

0.0%
9.6%

Utilities

GIN.L
41.4%
ISDW.L
1.0%

Industrials

GIN.L
38.1%
ISDW.L
12.7%

Energy

GIN.L
12.1%
ISDW.L
10.9%

Healthcare

GIN.L
3.9%
ISDW.L
10.2%

Real Estate

GIN.L
2.9%
ISDW.L
0.2%

Communication Services

GIN.L
1.1%
ISDW.L
0.4%

Technology

GIN.L
0.3%
ISDW.L
43.8%

Consumer Cyclical

GIN.L
0.2%
ISDW.L
7.1%

Financial Services

GIN.L
0.1%
ISDW.L
0.0%

Consumer Defensive

GIN.L
0.0%
ISDW.L
3.7%

Basic Materials

GIN.L
0.0%
ISDW.L
9.6%

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SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist

iShares MSCI World Islamic UCITS

Often compared with GIN.L:
GIN.L vs. GBPG.LGIN.L vs. INFRGIN.L vs. SWDA.LGIN.L vs. IGFGIN.L vs. DGROGIN.L vs. HMWO.LGIN.L vs. ISCG
Often compared with ISDW.L:
ISDW.L vs. IGDA.LISDW.L vs. SPUSISDW.L vs. ISDU.LISDW.L vs. SPWOISDW.L vs. ISWD.LISDW.L vs. UMMAISDW.L vs. IITU.L

Return for Risk

GIN.L vs. ISDW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GIN.L
GIN.L Risk / Return Rank: 3131
Overall Rank
GIN.L Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
GIN.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
GIN.L Omega Ratio Rank: 2828
Omega Ratio Rank
GIN.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
GIN.L Martin Ratio Rank: 3030
Martin Ratio Rank
ISDW.L
ISDW.L Risk / Return Rank: 8686
Overall Rank
ISDW.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
ISDW.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
ISDW.L Omega Ratio Rank: 8282
Omega Ratio Rank
ISDW.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
ISDW.L Martin Ratio Rank: 8787
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.

GIN.L vs. ISDW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) and iShares MSCI World Islamic UCITS (ISDW.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.

GIN.LISDW.LDifference
Sharpe ratioReturn per unit of total volatility
1.04
3.05

-2.01

Sortino ratioReturn per unit of downside risk
1.50
4.08

-2.58

Omega ratioGain probability vs. loss probability

1.19

1.56

-0.37

Calmar ratioReturn relative to maximum drawdown

1.88

6.94

-5.07

Martin ratioReturn relative to average drawdown

4.27

21.72

-17.45

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

GIN.L vs. ISDW.L - Sharpe Ratio Comparison

The current GIN.L Sharpe Ratio is 1.04, which is lower than the ISDW.L Sharpe Ratio of 3.05. The chart below compares the historical Sharpe Ratios of GIN.L and ISDW.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

GIN.LISDW.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

3.05

-2.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

0.92

-0.68

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.11

0.79

-0.69

Sharpe Ratio (All Time)

Calculated using the full available price history

0.10

0.63

-0.53

Drawdowns

GIN.L vs. ISDW.L - Drawdown Comparison

The maximum GIN.L drawdown since its inception was -15.71%, smaller than the maximum ISDW.L drawdown of -31.39%. Use the drawdown chart below to compare losses from any high point for GIN.L and ISDW.L.

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Drawdown Indicators

GIN.LISDW.LDifference

Max Drawdown

Largest peak-to-trough decline

-15.71%

-31.39%

+15.68%

Max Drawdown (1Y)

Largest decline over 1 year

-4.51%

-5.45%

+0.94%

Max Drawdown (3Y)

Largest decline over 3 years

-7.63%

-21.23%

+13.60%

Max Drawdown (5Y)

Largest decline over 5 years

-12.40%

-21.23%

+8.83%

Max Drawdown (10Y)

Largest decline over 10 years

-15.71%

-25.32%

+9.61%

Current Drawdown

Current decline from peak

-3.83%

-0.28%

-3.55%

Average Drawdown

Average peak-to-trough decline

-3.87%

-3.92%

+0.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

1.75%

+0.23%

Volatility

GIN.L vs. ISDW.L - Volatility Comparison

The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) is 1.91%, while iShares MSCI World Islamic UCITS (ISDW.L) has a volatility of 4.34%. This indicates that GIN.L experiences smaller price fluctuations and is considered to be less risky than ISDW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GIN.LISDW.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.91%

4.34%

-2.43%

Volatility (6M)

Calculated over the trailing 6-month period

6.15%

9.69%

-3.54%

Volatility (1Y)

Calculated over the trailing 1-year period

8.14%

12.41%

-4.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

9.56%

14.41%

-4.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

311.49%

15.19%

+296.30%

GIN.L vs. ISDW.L - Expense Ratio Comparison

GIN.L has a 0.40% expense ratio, which is higher than ISDW.L's 0.30% expense ratio.

Dividends

GIN.L vs. ISDW.L - Dividend Comparison

GIN.L has not paid dividends to shareholders, while ISDW.L's dividend yield for the trailing twelve months is around 0.95%.

PositionTTM20252024202320222021202020192018201720162015
GIN.L
SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist		0.00%0.00%0.00%2.80%2.47%87.32%2.23%2.37%2.16%2.30%2.17%1.81%
ISDW.L
iShares MSCI World Islamic UCITS		0.95%1.11%1.38%1.56%2.02%1.47%1.38%1.80%1.87%1.54%1.70%1.77%

Frequently Asked Questions

GIN.L and ISDW.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ISDW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISDW.L is cheaper with a 0.30% expense ratio, compared with 0.40% for GIN.L.

GIN.L is categorized as Diversified Portfolio, while ISDW.L is Global Equities. GIN.L tracks Morningstar EAA USD Mod Tgt Alloc NR USD, while ISDW.L tracks MSCI World Islamic Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for GIN.L and 0.30% for ISDW.L.

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