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HYSD.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYSD.L vs. IWDA.L

Last updated Jul 16, 2026
Documentation

HYSD.L (iShares Broad $ High Yield Corp Bond UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - HYSD.L is a High Yield Bonds fund tracking the iShares Broad $ High Yield Corp Bond UCITS ETF, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 3 years, HYSD.L returned 8.23%/yr vs 17.57%/yr for IWDA.L. At a 0.47 correlation, their price movements are largely independent.

Performance

HYSD.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, HYSD.L achieves a 2.22% return, which is significantly lower than IWDA.L's 9.72% return.

HYSD.L

1D
0.36%
1M
0.36%
6M
1.62%
YTD
2.22%
1Y
6.13%
3Y*
8.23%
5Y*
—
10Y*
—

IWDA.L

1D
-0.85%
1M
-0.67%
6M
8.35%
YTD
9.72%
1Y
20.72%
3Y*
17.57%
5Y*
11.99%
10Y*
12.69%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYSD.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		2.22%8.24%7.60%11.75%-3.60%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.72%12.41%21.19%18.05%-3.85%

Correlation

The correlation between HYSD.L and IWDA.L is 0.54, 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

0.54

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

0.48

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2022

0.47

The correlation between HYSD.L and IWDA.L has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Broad $ High Yield Corp Bond UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

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Return for Risk

HYSD.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYSD.L
HYSD.L Risk / Return Rank: 6464
Overall Rank
HYSD.L Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
HYSD.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
HYSD.L Omega Ratio Rank: 6565
Omega Ratio Rank
HYSD.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
HYSD.L Martin Ratio Rank: 7575
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 7171
Overall Rank
IWDA.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6868
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7474
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.

HYSD.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.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.

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.

HYSD.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.57
1.72

-0.15

Sortino ratioReturn per unit of downside risk
2.35
2.49

-0.15

Omega ratioGain probability vs. loss probability

1.31

1.32

0.00

Calmar ratioReturn relative to maximum drawdown

2.53

3.24

-0.71

Martin ratioReturn relative to average drawdown

11.10

11.85

-0.75

HYSD.L vs. IWDA.L - Sharpe Ratio Comparison

The current HYSD.L Sharpe Ratio is 1.57, which is comparable to the IWDA.L Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of HYSD.L and IWDA.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

HYSD.L vs. IWDA.L - Drawdown Comparison

The maximum HYSD.L drawdown since its inception was -9.53%, smaller than the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for HYSD.L and IWDA.L.

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Drawdown Indicators

HYSD.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-9.53%

-26.18%

+16.65%

Max Drawdown (1Y)

Largest decline over 1 year

-2.42%

-6.37%

+3.95%

Max Drawdown (3Y)

Largest decline over 3 years

-5.02%

-18.91%

+13.89%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.91%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.18%

—

Current Drawdown

Current decline from peak

0.00%

-1.46%

+1.46%

Average Drawdown

Average peak-to-trough decline

-1.50%

-3.50%

+2.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.55%

1.74%

-1.19%

Volatility

HYSD.L vs. IWDA.L - Volatility Comparison

The current volatility for iShares Broad $ High Yield Corp Bond UCITS ETF (HYSD.L) is 0.97%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.90%. This indicates that HYSD.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

HYSD.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.97%

2.90%

-1.93%

Volatility (6M)

Calculated over the trailing 6-month period

3.15%

9.48%

-6.33%

Volatility (1Y)

Calculated over the trailing 1-year period

3.89%

11.98%

-8.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.09%

14.57%

-8.48%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.09%

15.42%

-9.33%

Dividends

HYSD.L vs. IWDA.L - Dividend Comparison

HYSD.L's dividend yield for the trailing twelve months is around 11.04%, while IWDA.L has not paid dividends to shareholders.

PositionTTM202520242023
HYSD.L
iShares Broad $ High Yield Corp Bond UCITS ETF		11.04%7.39%7.39%5.61%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%

Frequently Asked Questions

HYSD.L and IWDA.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HYSD.L is categorized as High Yield Bonds, while IWDA.L is Global Equities. HYSD.L tracks iShares Broad $ High Yield Corp Bond UCITS ETF, while IWDA.L tracks MSCI World Index (Net).

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