IB01.L vs. IWDA.L

Last updated Jun 5, 2026

IB01.L (iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IB01.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, IB01.L returned 3.39%/yr vs 11.86%/yr for IWDA.L. At a 0.03 correlation, their price movements are largely independent. IB01.L charges 0.07%/yr vs 0.20%/yr for IWDA.L.

Performance

IB01.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IB01.L achieves a 1.45% return, which is significantly lower than IWDA.L's 9.83% return.

IB01.L

• 1D: 0.03%
• 1M: 0.28%
• YTD: 1.45%
• 6M: 1.75%
• 1Y: 3.98%
• 3Y*: 4.73%
• 5Y*: 3.39%
• 10Y*: —

IWDA.L

• 1D: 0.10%
• 1M: 4.07%
• YTD: 9.83%
• 6M: 10.98%
• 1Y: 25.98%
• 3Y*: 20.77%
• 5Y*: 11.86%
• 10Y*: 13.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IB01.L vs. IWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IB01.L iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)	1.45%	4.34%	5.25%	4.92%	1.08%	0.00%	0.88%	2.01%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	9.83%	21.03%	19.11%	24.27%	-18.11%	22.19%	16.06%	14.68%

Correlation

The correlation between IB01.L and IWDA.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 25, 2019	0.03

Return for Risk

IB01.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IB01.L

IB01.L Risk / Return Rank: 100
IB01.L Sharpe Ratio Rank: 100
IB01.L Sortino Ratio Rank: 100
IB01.L Omega Ratio Rank: 100
IB01.L Calmar Ratio Rank: 100
IB01.L Martin Ratio Rank: 100

IWDA.L

IWDA.L Risk / Return Rank: 68
IWDA.L Sharpe Ratio Rank: 67
IWDA.L Sortino Ratio Rank: 73
IWDA.L Omega Ratio Rank: 67
IWDA.L Calmar Ratio Rank: 64
IWDA.L Martin Ratio Rank: 72

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.

IB01.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.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.

	IB01.L	IWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	11.94	2.17	+9.77
Sortino ratio: Return per unit of downside risk	36.96	3.26	+33.70
Omega ratio: Gain probability vs. loss probability	8.02	1.40	+6.62
Calmar ratio: Return relative to maximum drawdown	115.45	3.11	+112.34
Martin ratio: Return relative to average drawdown	569.86	13.16	+556.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IB01.L vs. IWDA.L - Sharpe Ratio Comparison

The current IB01.L Sharpe Ratio is 11.94, which is higher than the IWDA.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IB01.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.

Sharpe Ratios by Period

	IB01.L	IWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	11.94	2.17	+9.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	9.24	0.76	+8.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.79	0.79	+3.00

Drawdowns

IB01.L vs. IWDA.L - Drawdown Comparison

The maximum IB01.L drawdown since its inception was -0.91%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IB01.L and IWDA.L.

Drawdown Indicators

	IB01.L	IWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-0.91%	-34.11%	+33.20%
Max Drawdown (1Y) Largest decline over 1 year	-0.03%	-8.31%	+8.28%
Max Drawdown (3Y) Largest decline over 3 years	-0.09%	-16.94%	+16.85%
Max Drawdown (5Y) Largest decline over 5 years	-0.29%	-25.88%	+25.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.11%	—
Current Drawdown Current decline from peak	0.00%	-0.43%	+0.43%
Average Drawdown Average peak-to-trough decline	-0.08%	-4.44%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.97%	-1.96%

Volatility

IB01.L vs. IWDA.L - Volatility Comparison

The current volatility for iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) is 0.10%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.40%. This indicates that IB01.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.

Volatility by Period

	IB01.L	IWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	3.40%	-3.30%
Volatility (6M) Calculated over the trailing 6-month period	0.24%	9.19%	-8.95%
Volatility (1Y) Calculated over the trailing 1-year period	0.33%	11.93%	-11.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	15.68%	-15.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.72%	15.91%	-15.19%

IB01.L vs. IWDA.L - Expense Ratio Comparison

IB01.L has a 0.07% expense ratio, which is lower than IWDA.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

IB01.L vs. IWDA.L - Dividend Comparison

Neither IB01.L nor IWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IB01.L and IWDA.L in my portfolio?

IB01.L and IWDA.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IB01.L or IWDA.L?

On fees, IB01.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IB01.L or IWDA.L?

IB01.L is cheaper with a 0.07% expense ratio, compared with 0.20% for IWDA.L.

What is the main difference between IB01.L and IWDA.L?

IB01.L is categorized as Government Bonds, while IWDA.L is Global Equities. IB01.L tracks ICE U.S. Treasury Short Bond Index, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.07% for IB01.L and 0.20% for IWDA.L.