IBGM.AS vs. IWDA.AS
IBGM.AS (iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist)) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IBGM.AS is a European Government Bonds fund tracking the BBG EU Term 7-10 Year Index, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IBGM.AS returned -0.17%/yr vs 12.81%/yr for IWDA.AS. At a correlation of -0.02, they often move in opposite directions. IBGM.AS charges 0.15%/yr vs 0.20%/yr for IWDA.AS.
Performance
IBGM.AS vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IBGM.AS achieves a 0.01% return, which is significantly lower than IWDA.AS's 11.06% return. Over the past 10 years, IBGM.AS has underperformed IWDA.AS with an annualized return of -0.17%, while IWDA.AS has yielded a comparatively higher 12.81% annualized return.
IBGM.AS
- 1D
- 0.06%
- 1M
- -0.05%
- YTD
- 0.01%
- 6M
- 0.07%
- 1Y
- 0.71%
- 3Y*
- 2.56%
- 5Y*
- -2.33%
- 10Y*
- -0.17%
IWDA.AS
- 1D
- -0.03%
- 1M
- 3.59%
- YTD
- 11.06%
- 6M
- 10.90%
- 1Y
- 23.69%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
IBGM.AS vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGM.AS iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) | 0.01% | 1.50% | 1.28% | 9.04% | -20.29% | -3.24% | 4.29% | 6.68% | 1.19% | 1.04% |
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 IBGM.AS and IWDA.AS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | -0.02 |
The correlation between IBGM.AS and IWDA.AS shifts across timeframes, from -0.02 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBGM.AS vs. IWDA.AS — Risk / Return Rank
IBGM.AS
IWDA.AS
IBGM.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.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.
| IBGM.AS | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.41 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 3.64 | -3.59 |
| Martin ratioReturn relative to average drawdown | 0.14 | 14.53 | -14.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBGM.AS | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.04 | 2.15 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.90 | -1.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | 0.84 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.82 | -0.43 |
Drawdowns
IBGM.AS vs. IWDA.AS - Drawdown Comparison
The maximum IBGM.AS drawdown since its inception was -23.23%, smaller than the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IBGM.AS and IWDA.AS.
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Drawdown Indicators
| IBGM.AS | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.23% | -33.63% | +10.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -6.45% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.62% | -21.59% | +16.97% |
Max Drawdown (5Y)Largest decline over 5 years | -22.90% | -21.59% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -23.23% | -33.63% | +10.40% |
Current DrawdownCurrent decline from peak | -13.69% | -0.34% | -13.35% |
Average DrawdownAverage peak-to-trough decline | -5.45% | -4.25% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.63% | -0.11% |
Volatility
IBGM.AS vs. IWDA.AS - Volatility Comparison
The current volatility for iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) (IBGM.AS) is 2.32%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a volatility of 2.62%. This indicates that IBGM.AS experiences smaller price fluctuations and is considered to be less risky 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
| IBGM.AS | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 2.62% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.35% | 7.61% | -3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.13% | 10.90% | -5.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.45% | 14.08% | -6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 14.99% | -8.86% |
IBGM.AS vs. IWDA.AS - Expense Ratio Comparison
IBGM.AS has a 0.15% expense ratio, which is lower than IWDA.AS'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
IBGM.AS vs. IWDA.AS - Dividend Comparison
IBGM.AS's dividend yield for the trailing twelve months is around 2.92%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGM.AS iShares EUR Government Bond 7-10yr UCITS ETF EUR (Dist) | 2.92% | 2.82% | 2.73% | 1.97% | 0.13% | 0.00% | 0.09% | 0.63% | 0.75% | 0.76% | 0.80% | 1.09% |
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
IBGM.AS and IWDA.AS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBGM.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBGM.AS is cheaper with a 0.15% expense ratio, compared with 0.20% for IWDA.AS.
IBGM.AS is categorized as European Government Bonds, while IWDA.AS is Global Equities. IBGM.AS tracks BBG EU Term 7-10 Year Index, while IWDA.AS tracks MSCI World Index. Their fees differ too: 0.15% for IBGM.AS and 0.20% for IWDA.AS.
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