ICGA.DE vs. SWDA.L
ICGA.DE (iShares MSCI China UCITS ETF USD Acc) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - ICGA.DE is a China Equities fund tracking the MSCI China, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, ICGA.DE returned -3.91%/yr vs 12.61%/yr for SWDA.L. At a 0.41 correlation, their price movements are largely independent. ICGA.DE charges 0.28%/yr vs 0.20%/yr for SWDA.L.
Performance
ICGA.DE vs. SWDA.L - Performance Comparison
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Different Trading Currencies
ICGA.DE is traded in EUR, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ICGA.DE achieves a -7.21% return, which is significantly lower than SWDA.L's 11.28% return.
ICGA.DE
- 1D
- 1.03%
- 1M
- -2.20%
- YTD
- -7.21%
- 6M
- -6.68%
- 1Y
- 3.16%
- 3Y*
- 6.05%
- 5Y*
- -3.91%
- 10Y*
- —
SWDA.L
- 1D
- 1.15%
- 1M
- 2.64%
- YTD
- 11.28%
- 6M
- 12.42%
- 1Y
- 25.22%
- 3Y*
- 17.18%
- 5Y*
- 12.61%
- 10Y*
- 13.07%
ICGA.DE vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ICGA.DE iShares MSCI China UCITS ETF USD Acc | -7.21% | 16.59% | 27.32% | -14.87% | -15.07% | -17.34% | 15.34% | 14.19% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 11.28% | 6.76% | 26.95% | 20.08% | -13.06% | 31.68% | 6.15% | 10.82% |
Correlation
The correlation between ICGA.DE and SWDA.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2019 | 0.41 |
The correlation between ICGA.DE and SWDA.L shifts across timeframes, from 0.35 (3 years) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ICGA.DE vs. SWDA.L — Risk / Return Rank
ICGA.DE
SWDA.L
ICGA.DE vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China UCITS ETF USD Acc (ICGA.DE) 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.
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.
| ICGA.DE | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.42 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 3.84 | -3.66 |
| Martin ratioReturn relative to average drawdown | 0.37 | 15.58 | -15.21 |
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Drawdowns
ICGA.DE vs. SWDA.L - Drawdown Comparison
The maximum ICGA.DE drawdown since its inception was -55.91%, which is greater than SWDA.L's maximum drawdown of -41.36%. Use the drawdown chart below to compare losses from any high point for ICGA.DE and SWDA.L.
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Drawdown Indicators
| ICGA.DE | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.91% | -41.36% | -14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -17.50% | -6.53% | -10.97% |
Max Drawdown (3Y)Largest decline over 3 years | -24.29% | -20.55% | -3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | -20.55% | -28.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.00% | — |
Current DrawdownCurrent decline from peak | -32.83% | -0.08% | -32.75% |
Average DrawdownAverage peak-to-trough decline | -28.78% | -8.77% | -20.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 1.61% | +6.86% |
Volatility
ICGA.DE vs. SWDA.L - Volatility Comparison
iShares MSCI China UCITS ETF USD Acc (ICGA.DE) has a higher volatility of 6.02% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.96%. This indicates that ICGA.DE'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
| ICGA.DE | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 2.96% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.75% | 7.93% | +5.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 11.12% | +7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.79% | 14.11% | +13.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.05% | 15.25% | +11.80% |
ICGA.DE vs. SWDA.L - Expense Ratio Comparison
ICGA.DE has a 0.28% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
ICGA.DE vs. SWDA.L - Dividend Comparison
Neither ICGA.DE nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
ICGA.DE and SWDA.L have a correlation of 0.46, 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 0.28% for ICGA.DE.
ICGA.DE is categorized as China Equities, while SWDA.L is Global Equities. ICGA.DE tracks MSCI China, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.28% for ICGA.DE and 0.20% for SWDA.L.
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