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

IASH.L vs. SWDA.L

Last updated Jun 4, 2026

IASH.L (iShares MSCI China A UCITS USD) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IASH.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while SWDA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IASH.L returned 7.12%/yr vs 14.05%/yr for SWDA.L. At a 0.35 correlation, their price movements are largely independent. IASH.L charges 0.40%/yr vs 0.20%/yr for SWDA.L.

Performance

IASH.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI China A UCITS USD (IASH.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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Returns By Period

The year-to-date returns for both investments are quite close, with IASH.L having a 9.51% return and SWDA.L slightly higher at 9.92%. Over the past 10 years, IASH.L has underperformed SWDA.L with an annualized return of 7.12%, while SWDA.L has yielded a comparatively higher 14.05% annualized return.

IASH.L

1D
-0.06%
1M
3.10%
YTD
9.51%
6M
12.93%
1Y
38.65%
3Y*
8.41%
5Y*
0.05%
10Y*
7.12%

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)

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

2026 (YTD)202520242023202220212020201920182017
IASH.L
iShares MSCI China A UCITS USD		9.51%17.67%12.92%-18.83%-17.27%4.48%37.65%29.94%-21.35%17.95%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.92%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%

Correlation

The correlation between IASH.L and SWDA.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.32

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

0.19

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

0.23

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

0.35

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

0.35

The correlation between IASH.L and SWDA.L shifts across timeframes, from 0.19 (3 years) to 0.35 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
IASH.L
SWDA.L

Technology

31.0%
30.0%

Financial Services

17.8%
15.4%

Industrials

15.5%
10.9%

Basic Materials

11.4%
3.2%

Consumer Defensive

6.7%
5.2%

Consumer Cyclical

5.4%
9.0%

Healthcare

3.9%
8.7%

Utilities

3.2%
2.5%

Energy

3.2%
4.2%

Communication Services

1.3%
9.2%

Real Estate

0.6%
1.8%

Technology

IASH.L
31.0%
SWDA.L
30.0%

Financial Services

IASH.L
17.8%
SWDA.L
15.4%

Industrials

IASH.L
15.5%
SWDA.L
10.9%

Basic Materials

IASH.L
11.4%
SWDA.L
3.2%

Consumer Defensive

IASH.L
6.7%
SWDA.L
5.2%

Consumer Cyclical

IASH.L
5.4%
SWDA.L
9.0%

Healthcare

IASH.L
3.9%
SWDA.L
8.7%

Utilities

IASH.L
3.2%
SWDA.L
2.5%

Energy

IASH.L
3.2%
SWDA.L
4.2%

Communication Services

IASH.L
1.3%
SWDA.L
9.2%

Real Estate

IASH.L
0.6%
SWDA.L
1.8%

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iShares MSCI China A UCITS USD

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with IASH.L:
IASH.L vs. ICGA.DEIASH.L vs. CNYAIASH.L vs. CHIN.DEIASH.L vs. EMIM.LIASH.L vs. HSTC.LIASH.L vs. XCH.TOIASH.L vs. IWDA.AS
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IASH.L
IASH.L Risk / Return Rank: 7979
Overall Rank
IASH.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IASH.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IASH.L Omega Ratio Rank: 7575
Omega Ratio Rank
IASH.L Calmar Ratio Rank: 9090
Calmar Ratio Rank
IASH.L Martin Ratio Rank: 8080
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS USD (IASH.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.

IASH.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.47
2.66

-0.18

Sortino ratioReturn per unit of downside risk
3.31
3.68

-0.38

Omega ratioGain probability vs. loss probability

1.44

1.51

-0.06

Calmar ratioReturn relative to maximum drawdown

5.73

4.13

+1.60

Martin ratioReturn relative to average drawdown

15.80

16.50

-0.70

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

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

The current IASH.L Sharpe Ratio is 2.47, which is comparable to the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of IASH.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

IASH.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.47

2.66

-0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.00

0.98

-0.98

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

0.97

-0.63

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

0.88

-0.79

Drawdowns

IASH.L vs. SWDA.L - Drawdown Comparison

The maximum IASH.L drawdown since its inception was -48.39%, 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 IASH.L and SWDA.L.

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Drawdown Indicators

IASH.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-48.39%

-25.58%

-22.81%

Max Drawdown (1Y)

Largest decline over 1 year

-6.72%

-6.55%

-0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-25.77%

-18.50%

-7.27%

Max Drawdown (5Y)

Largest decline over 5 years

-42.23%

-18.50%

-23.73%

Max Drawdown (10Y)

Largest decline over 10 years

-44.67%

-25.58%

-19.09%

Current Drawdown

Current decline from peak

-10.06%

-0.25%

-9.81%

Average Drawdown

Average peak-to-trough decline

-24.72%

-3.49%

-21.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.44%

1.64%

+0.80%

Volatility

IASH.L vs. SWDA.L - Volatility Comparison

iShares MSCI China A UCITS USD (IASH.L) has a higher volatility of 5.69% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that IASH.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

IASH.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.69%

2.52%

+3.17%

Volatility (6M)

Calculated over the trailing 6-month period

10.68%

7.30%

+3.38%

Volatility (1Y)

Calculated over the trailing 1-year period

15.61%

10.23%

+5.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.27%

13.30%

+7.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.79%

14.50%

+8.29%

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

IASH.L has a 0.40% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

IASH.L vs. SWDA.L - Dividend Comparison

Neither IASH.L nor SWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IASH.L and SWDA.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.40% for IASH.L.

IASH.L is categorized as China Equities, while SWDA.L is Global Equities. IASH.L tracks MSCI China A Onshore NR CNY, while SWDA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.40% for IASH.L and 0.20% for SWDA.L.

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