IDNA.L vs. SWDA.L
IDNA.L (iShares MSCI North America UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IDNA.L tracks the iShares MSCI North America UCITS ETF while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, IDNA.L returned 14.35%/yr vs 13.08%/yr for SWDA.L. Their correlation of 0.86 suggests significant overlap in exposure. IDNA.L charges 0.40%/yr vs 0.20%/yr for SWDA.L.
Performance
IDNA.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
IDNA.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IDNA.L having a 10.19% return and SWDA.L slightly higher at 10.59%. Over the past 10 years, IDNA.L has outperformed SWDA.L with an annualized return of 14.35%, while SWDA.L has yielded a comparatively lower 13.08% annualized return.
IDNA.L
- 1D
- 0.17%
- 1M
- 0.35%
- 6M
- 9.68%
- YTD
- 10.19%
- 1Y
- 21.59%
- 3Y*
- 19.80%
- 5Y*
- 12.29%
- 10Y*
- 14.35%
SWDA.L
- 1D
- 0.59%
- 1M
- 0.70%
- 6M
- 9.50%
- YTD
- 10.59%
- 1Y
- 22.47%
- 3Y*
- 19.10%
- 5Y*
- 11.75%
- 10Y*
- 13.08%
IDNA.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDNA.L iShares MSCI North America UCITS ETF | 10.19% | 17.55% | 24.50% | 26.38% | -19.84% | 27.07% | 19.54% | 30.25% | -6.70% | 21.02% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.59% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -9.23% | 22.42% |
Correlation
The correlation between IDNA.L and SWDA.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.86 |
The correlation between IDNA.L and SWDA.L has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
IDNA.L vs. SWDA.L — Risk / Return Rank
IDNA.L
SWDA.L
IDNA.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IDNA.L) 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.
| IDNA.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.34 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.60 | +0.05 |
| Martin ratioReturn relative to average drawdown | 10.76 | 11.09 | -0.32 |
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Drawdowns
IDNA.L vs. SWDA.L - Drawdown Comparison
The maximum IDNA.L drawdown since its inception was -56.08%, which is greater than SWDA.L's maximum drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for IDNA.L and SWDA.L.
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Drawdown Indicators
| IDNA.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.08% | -45.69% | -10.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -8.59% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -17.07% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -26.50% | +1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -34.62% | -33.61% | -1.01% |
Current DrawdownCurrent decline from peak | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -11.15% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.02% | +0.05% |
Volatility
IDNA.L vs. SWDA.L - Volatility Comparison
iShares MSCI North America UCITS ETF (IDNA.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) have volatilities of 2.95% and 2.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDNA.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 2.88% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 9.14% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 11.74% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 15.34% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 15.69% | +0.51% |
IDNA.L vs. SWDA.L - Expense Ratio Comparison
IDNA.L has a 0.40% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
IDNA.L vs. SWDA.L - Dividend Comparison
IDNA.L's dividend yield for the trailing twelve months is around 0.60%, while SWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDNA.L iShares MSCI North America UCITS ETF | 0.60% | 0.66% | 0.77% | 0.96% | 1.13% | 0.76% | 1.03% | 1.23% | 1.45% | 1.27% | 1.42% | 1.56% |
SWDA.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
With a correlation of 0.90, IDNA.L and SWDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for IDNA.L.
IDNA.L tracks iShares MSCI North America UCITS ETF, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.40% for IDNA.L and 0.20% for SWDA.L.
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