IBGY.L vs. IWDA.L
IBGY.L (iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IBGY.L is a Government Bonds fund tracking the iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist), while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IBGY.L returned -0.02%/yr vs 12.69%/yr for IWDA.L. At a 0.13 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IBGY.L vs. IWDA.L - Performance Comparison
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Different Trading Currencies
IBGY.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, IBGY.L achieves a -4.44% return, which is significantly lower than IWDA.L's 9.72% return. Over the past 10 years, IBGY.L has underperformed IWDA.L with an annualized return of -0.02%, while IWDA.L has yielded a comparatively higher 12.69% annualized return.
IBGY.L
- 1D
- -0.78%
- 1M
- -2.48%
- 6M
- -4.06%
- YTD
- -4.44%
- 1Y
- -2.82%
- 3Y*
- 2.31%
- 5Y*
- -1.77%
- 10Y*
- -0.02%
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%
IBGY.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | -4.44% | 7.76% | -2.63% | 4.85% | -10.06% | -8.35% | 8.45% | -0.79% | 1.40% | 3.93% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.72% | 12.41% | 21.19% | 18.05% | -8.38% | 23.34% | 12.65% | 22.29% | -3.62% | 12.14% |
Correlation
The correlation between IBGY.L and IWDA.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.13 |
The correlation between IBGY.L and IWDA.L shifts across timeframes, from 0.05 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IBGY.L vs. IWDA.L — Risk / Return Rank
IBGY.L
IWDA.L
IBGY.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.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.
| IBGY.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.17 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.32 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 3.24 | -3.71 |
| Martin ratioReturn relative to average drawdown | -1.04 | 11.85 | -12.89 |
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Drawdowns
IBGY.L vs. IWDA.L - Drawdown Comparison
The maximum IBGY.L drawdown since its inception was -22.02%, smaller than the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IBGY.L and IWDA.L.
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Drawdown Indicators
| IBGY.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.02% | -26.18% | +4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -6.37% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.89% | -18.91% | +13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.81% | -18.91% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -22.02% | -26.18% | +4.16% |
Current DrawdownCurrent decline from peak | -15.22% | -1.46% | -13.76% |
Average DrawdownAverage peak-to-trough decline | -10.11% | -3.50% | -6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.74% | +0.96% |
Volatility
IBGY.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) (IBGY.L) is 1.44%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.90%. This indicates that IBGY.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
| IBGY.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.90% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 4.41% | 9.48% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.35% | 11.98% | -6.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.83% | 14.57% | -7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.51% | 15.42% | -7.91% |
IBGY.L vs. IWDA.L - Expense Ratio Comparison
Both IBGY.L and IWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IBGY.L vs. IWDA.L - Dividend Comparison
IBGY.L's dividend yield for the trailing twelve months is around 1.34%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBGY.L iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist) | 1.34% | 2.60% | 2.59% | 0.84% | 0.00% | 0.00% | 0.13% | 0.51% | 0.34% | 0.22% | 0.48% | 0.35% |
IWDA.L 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
IBGY.L and IWDA.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IBGY.L and IWDA.L have the same expense ratio: 0.20% per year.
IBGY.L is categorized as Government Bonds, while IWDA.L is Global Equities. IBGY.L tracks iShares € Govt Bond 5-7yr UCITS ETF EUR (Dist), while IWDA.L tracks MSCI World Index (Net).
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