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IDFX.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IDFX.L vs. IWDA.L

Last updated Jun 5, 2026

IDFX.L (iShares China Large Cap UCITS) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IDFX.L is a China Equities fund tracking the MSCI China NR USD, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IDFX.L returned 2.94%/yr vs 13.07%/yr for IWDA.L. A 0.54 correlation means they provide meaningful diversification when combined. IDFX.L charges 0.74%/yr vs 0.20%/yr for IWDA.L.

Performance

IDFX.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares China Large Cap UCITS (IDFX.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IDFX.L achieves a -7.34% return, which is significantly lower than IWDA.L's 9.83% return. Over the past 10 years, IDFX.L has underperformed IWDA.L with an annualized return of 2.94%, while IWDA.L has yielded a comparatively higher 13.07% annualized return.

IDFX.L

1D
-0.21%
1M
-2.66%
YTD
-7.34%
6M
-8.50%
1Y
0.27%
3Y*
12.09%
5Y*
-3.09%
10Y*
2.94%

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)

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

2026 (YTD)202520242023202220212020201920182017
IDFX.L
iShares China Large Cap UCITS		-7.34%28.34%31.04%-13.61%-20.49%-20.45%10.44%13.04%-12.07%35.25%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.83%21.03%19.11%24.27%-18.11%22.19%16.06%27.13%-9.01%22.77%

Correlation

The correlation between IDFX.L and IWDA.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.45

Correlation (10Y)
Calculated over the trailing 10-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Jun 3, 2010

0.54

The correlation between IDFX.L and IWDA.L shifts across timeframes, from 0.44 (3 years) to 0.55 (10 years), reflecting how their relationship changes across market environments.

IDFX.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
IDFX.L
IWDA.L

Financial Services

34.7%
14.9%

Consumer Cyclical

26.6%
8.8%

Communication Services

16.2%
9.3%

Technology

5.4%
32.9%

Energy

5.2%
3.9%

Basic Materials

4.1%
2.8%

Industrials

3.1%
9.7%

Healthcare

2.3%
8.6%

Real Estate

1.1%
1.2%

Consumer Defensive

0.9%
4.8%

Utilities

0.4%
2.4%

Financial Services

IDFX.L
34.7%
IWDA.L
14.9%

Consumer Cyclical

IDFX.L
26.6%
IWDA.L
8.8%

Communication Services

IDFX.L
16.2%
IWDA.L
9.3%

Technology

IDFX.L
5.4%
IWDA.L
32.9%

Energy

IDFX.L
5.2%
IWDA.L
3.9%

Basic Materials

IDFX.L
4.1%
IWDA.L
2.8%

Industrials

IDFX.L
3.1%
IWDA.L
9.7%

Healthcare

IDFX.L
2.3%
IWDA.L
8.6%

Real Estate

IDFX.L
1.1%
IWDA.L
1.2%

Consumer Defensive

IDFX.L
0.9%
IWDA.L
4.8%

Utilities

IDFX.L
0.4%
IWDA.L
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares China Large Cap UCITS

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with IDFX.L:
IDFX.L vs. FXIIDFX.L vs. HMCD.LIDFX.L vs. C500.LIDFX.L vs. CM5S.LIDFX.L vs. CNDX.LIDFX.L vs. C300.LIDFX.L vs. JRCE.L
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IDFX.L
IDFX.L Risk / Return Rank: 99
Overall Rank
IDFX.L Sharpe Ratio Rank: 99
Sharpe Ratio Rank
IDFX.L Sortino Ratio Rank: 99
Sortino Ratio Rank
IDFX.L Omega Ratio Rank: 99
Omega Ratio Rank
IDFX.L Calmar Ratio Rank: 99
Calmar Ratio Rank
IDFX.L Martin Ratio Rank: 99
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (IDFX.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.

IDFX.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
0.01
2.17

-2.15

Sortino ratioReturn per unit of downside risk
0.16
3.26

-3.10

Omega ratioGain probability vs. loss probability

1.02

1.40

-0.38

Calmar ratioReturn relative to maximum drawdown

0.02

3.11

-3.10

Martin ratioReturn relative to average drawdown

0.04

13.16

-13.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IDFX.L Sharpe Ratio is 0.01, which is lower than the IWDA.L Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of IDFX.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.

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Sharpe Ratios by Period

IDFX.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.01

2.17

-2.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.10

0.76

-0.86

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.11

0.82

-0.71

Sharpe Ratio (All Time)

Calculated using the full available price history

0.13

0.79

-0.67

Drawdowns

IDFX.L vs. IWDA.L - Drawdown Comparison

The maximum IDFX.L drawdown since its inception was -70.30%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IDFX.L and IWDA.L.

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Drawdown Indicators

IDFX.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-70.30%

-34.11%

-36.19%

Max Drawdown (1Y)

Largest decline over 1 year

-15.54%

-8.31%

-7.23%

Max Drawdown (3Y)

Largest decline over 3 years

-28.74%

-16.94%

-11.80%

Max Drawdown (5Y)

Largest decline over 5 years

-54.41%

-25.88%

-28.53%

Max Drawdown (10Y)

Largest decline over 10 years

-60.44%

-34.11%

-26.33%

Current Drawdown

Current decline from peak

-26.55%

-0.43%

-26.12%

Average Drawdown

Average peak-to-trough decline

-33.92%

-4.44%

-29.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.25%

1.97%

+5.28%

Volatility

IDFX.L vs. IWDA.L - Volatility Comparison

iShares China Large Cap UCITS (IDFX.L) has a higher volatility of 7.60% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.40%. This indicates that IDFX.L's price experiences larger fluctuations and is considered to be riskier 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

IDFX.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.60%

3.40%

+4.20%

Volatility (6M)

Calculated over the trailing 6-month period

13.86%

9.19%

+4.67%

Volatility (1Y)

Calculated over the trailing 1-year period

19.26%

11.93%

+7.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.88%

15.68%

+14.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.08%

15.91%

+10.17%

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

IDFX.L has a 0.74% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.

Dividends

IDFX.L vs. IWDA.L - Dividend Comparison

IDFX.L's dividend yield for the trailing twelve months is around 1.92%, while IWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IDFX.L
iShares China Large Cap UCITS		1.92%1.76%2.38%2.43%2.36%1.86%2.39%2.44%3.04%2.35%2.47%2.70%
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

IDFX.L and IWDA.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.74% for IDFX.L.

IDFX.L is categorized as China Equities, while IWDA.L is Global Equities. IDFX.L tracks MSCI China NR USD, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.74% for IDFX.L and 0.20% for IWDA.L.

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