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IAEX.AS vs. IWDA.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IAEX.AS vs. IWDA.AS

Last updated Jun 4, 2026

IAEX.AS (iShares AEX UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IAEX.AS is a Europe Equities fund tracking the Euronext AEX All Share TR EUR, while IWDA.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IAEX.AS returned 11.39%/yr vs 12.81%/yr for IWDA.AS. A 0.79 correlation means they provide meaningful diversification when combined. IAEX.AS charges 0.30%/yr vs 0.20%/yr for IWDA.AS.

Performance

IAEX.AS vs. IWDA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares AEX UCITS ETF (IAEX.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IAEX.AS having a 11.34% return and IWDA.AS slightly lower at 11.06%. Over the past 10 years, IAEX.AS has underperformed IWDA.AS with an annualized return of 11.39%, while IWDA.AS has yielded a comparatively higher 12.81% annualized return.

IAEX.AS

1D
-0.40%
1M
4.61%
YTD
11.34%
6M
11.29%
1Y
15.87%
3Y*
13.39%
5Y*
10.04%
10Y*
11.39%

IWDA.AS

1D
-0.03%
1M
4.79%
YTD
11.06%
6M
11.31%
1Y
23.80%
3Y*
17.53%
5Y*
12.88%
10Y*
12.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IAEX.AS vs. IWDA.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IAEX.AS
iShares AEX UCITS ETF		11.34%10.37%14.23%16.75%-12.11%30.21%4.78%27.67%-8.03%15.97%
IWDA.AS
iShares Core MSCI World UCITS ETF USD (Acc)		11.06%7.08%27.23%19.89%-13.54%32.54%6.20%29.58%-4.16%7.49%

Correlation

The correlation between IAEX.AS and IWDA.AS is 0.71, 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

0.71

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

0.72

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

0.77

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

0.80

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2009

0.79

The correlation between IAEX.AS and IWDA.AS has been stable across timeframes, ranging from 0.71 to 0.80 - 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 AEX UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with IAEX.AS:
IAEX.AS vs. VMID.DEIAEX.AS vs. VOOIAEX.AS vs. VUSA.ASIAEX.AS vs. ^FCHIIAEX.AS vs. CSPX.ASIAEX.AS vs. ^NDXIAEX.AS vs. SLV
Often compared with IWDA.AS:
IWDA.AS vs. CSPX.LIWDA.AS vs. VTIWDA.AS vs. IWQU.LIWDA.AS vs. SWRD.ASIWDA.AS vs. IWVL.LIWDA.AS vs. WEBN.DEIWDA.AS vs. SPYI.DE

Return for Risk

IAEX.AS vs. IWDA.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IAEX.AS
IAEX.AS Risk / Return Rank: 3636
Overall Rank
IAEX.AS Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
IAEX.AS Sortino Ratio Rank: 3232
Sortino Ratio Rank
IAEX.AS Omega Ratio Rank: 3131
Omega Ratio Rank
IAEX.AS Calmar Ratio Rank: 4848
Calmar Ratio Rank
IAEX.AS Martin Ratio Rank: 3737
Martin Ratio Rank
IWDA.AS
IWDA.AS Risk / Return Rank: 7171
Overall Rank
IWDA.AS Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWDA.AS Sortino Ratio Rank: 6767
Sortino Ratio Rank
IWDA.AS Omega Ratio Rank: 6969
Omega Ratio Rank
IWDA.AS Calmar Ratio Rank: 7474
Calmar Ratio Rank
IWDA.AS Martin Ratio Rank: 7777
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.

IAEX.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AEX UCITS ETF (IAEX.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.

IAEX.ASIWDA.ASDifference
Sharpe ratioReturn per unit of total volatility
1.18
2.15

-0.97

Sortino ratioReturn per unit of downside risk
1.70
3.03

-1.32

Omega ratioGain probability vs. loss probability

1.21

1.41

-0.20

Calmar ratioReturn relative to maximum drawdown

2.31

3.64

-1.33

Martin ratioReturn relative to average drawdown

5.66

14.53

-8.87

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

IAEX.AS vs. IWDA.AS - Sharpe Ratio Comparison

The current IAEX.AS Sharpe Ratio is 1.18, which is lower than the IWDA.AS Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of IAEX.AS and IWDA.AS, 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

IAEX.ASIWDA.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.18

2.15

-0.97

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

0.90

-0.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.69

0.84

-0.15

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.82

-0.51

Drawdowns

IAEX.AS vs. IWDA.AS - Drawdown Comparison

The maximum IAEX.AS drawdown since its inception was -64.96%, which is greater than IWDA.AS's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IAEX.AS and IWDA.AS.

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Drawdown Indicators

IAEX.ASIWDA.ASDifference

Max Drawdown

Largest peak-to-trough decline

-64.96%

-33.63%

-31.33%

Max Drawdown (1Y)

Largest decline over 1 year

-6.78%

-6.45%

-0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-15.83%

-21.59%

+5.76%

Max Drawdown (5Y)

Largest decline over 5 years

-22.39%

-21.59%

-0.80%

Max Drawdown (10Y)

Largest decline over 10 years

-35.49%

-33.63%

-1.86%

Current Drawdown

Current decline from peak

-0.92%

-0.34%

-0.58%

Average Drawdown

Average peak-to-trough decline

-17.21%

-4.25%

-12.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.79%

1.63%

+1.16%

Volatility

IAEX.AS vs. IWDA.AS - Volatility Comparison

iShares AEX UCITS ETF (IAEX.AS) has a higher volatility of 4.15% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.62%. This indicates that IAEX.AS's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IAEX.ASIWDA.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.15%

2.62%

+1.53%

Volatility (6M)

Calculated over the trailing 6-month period

10.55%

7.61%

+2.94%

Volatility (1Y)

Calculated over the trailing 1-year period

13.25%

10.90%

+2.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.45%

14.08%

+1.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.22%

14.99%

+1.23%

IAEX.AS vs. IWDA.AS - Expense Ratio Comparison

IAEX.AS has a 0.30% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio.

Dividends

IAEX.AS vs. IWDA.AS - Dividend Comparison

IAEX.AS's dividend yield for the trailing twelve months is around 1.84%, while IWDA.AS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IAEX.AS
iShares AEX UCITS ETF		1.84%2.07%2.13%2.12%2.28%1.54%1.23%2.79%3.15%2.74%2.86%2.90%
IWDA.AS
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IAEX.AS and IWDA.AS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.30% for IAEX.AS.

IAEX.AS is categorized as Europe Equities, while IWDA.AS is Global Equities. IAEX.AS tracks Euronext AEX All Share TR EUR, while IWDA.AS tracks MSCI ACWI NR USD. Their fees differ too: 0.30% for IAEX.AS and 0.20% for IWDA.AS.

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