IDBT.L vs. IWDA.L
IDBT.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IDBT.L is a Government Bonds fund tracking the iShares $ Treasury Bond 1-3yr UCITS ETF, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IDBT.L returned 1.76%/yr vs 12.99%/yr for IWDA.L. At a correlation of -0.10, they often move in opposite directions. IDBT.L charges 0.07%/yr vs 0.20%/yr for IWDA.L.
Performance
IDBT.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IDBT.L achieves a 0.76% return, which is significantly lower than IWDA.L's 10.17% return. Over the past 10 years, IDBT.L has underperformed IWDA.L with an annualized return of 1.76%, while IWDA.L has yielded a comparatively higher 12.99% annualized return.
IDBT.L
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.76%
- YTD
- 0.76%
- 1Y
- 3.38%
- 3Y*
- 4.30%
- 5Y*
- 1.93%
- 10Y*
- 1.76%
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
IDBT.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDBT.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.76% | 5.28% | 4.03% | 4.16% | -3.71% | -0.64% | 3.13% | 3.67% | 1.34% | 0.33% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between IDBT.L and IWDA.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | -0.10 |
The correlation between IDBT.L and IWDA.L shifts across timeframes, from -0.10 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IDBT.L vs. IWDA.L — Risk / Return Rank
IDBT.L
IWDA.L
IDBT.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF (IDBT.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.
| IDBT.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.32 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | 2.64 | +1.73 |
| Martin ratioReturn relative to average drawdown | 16.88 | 10.75 | +6.13 |
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Drawdowns
IDBT.L vs. IWDA.L - Drawdown Comparison
The maximum IDBT.L drawdown since its inception was -5.66%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IDBT.L and IWDA.L.
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Drawdown Indicators
| IDBT.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.66% | -34.11% | +28.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -8.31% | +7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -16.94% | +15.97% |
Max Drawdown (5Y)Largest decline over 5 years | -5.66% | -25.88% | +20.22% |
Max Drawdown (10Y)Largest decline over 10 years | -5.66% | -34.11% | +28.45% |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -4.39% | +3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 2.04% | -1.85% |
Volatility
IDBT.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF (IDBT.L) is 0.39%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.72%. This indicates that IDBT.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
| IDBT.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 2.72% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 9.80% | -8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.21% | 12.26% | -11.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 15.73% | -13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 15.78% | -14.01% |
IDBT.L vs. IWDA.L - Expense Ratio Comparison
IDBT.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
IDBT.L vs. IWDA.L - Dividend Comparison
IDBT.L's dividend yield for the trailing twelve months is around 3.99%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDBT.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.99% | 4.15% | 4.25% | 2.97% | 0.74% | 0.63% | 1.71% | 2.31% | 1.57% | 0.96% | 0.74% | 0.51% |
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
IDBT.L and IWDA.L have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDBT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDBT.L is cheaper with a 0.07% expense ratio, compared with 0.20% for IWDA.L.
IDBT.L is categorized as Government Bonds, while IWDA.L is Global Equities. IDBT.L tracks iShares $ Treasury Bond 1-3yr UCITS ETF, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.07% for IDBT.L and 0.20% for IWDA.L.
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