IEAC.AS vs. IWDA.AS
IEAC.AS (iShares Core € Corp Bond UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IEAC.AS returned 1.02%/yr vs 12.81%/yr for IWDA.AS. At a 0.15 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IEAC.AS vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IEAC.AS achieves a 0.58% return, which is significantly lower than IWDA.AS's 11.06% return. Over the past 10 years, IEAC.AS has underperformed IWDA.AS with an annualized return of 1.02%, while IWDA.AS has yielded a comparatively higher 12.81% annualized return.
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.34%
- YTD
- 0.58%
- 6M
- 0.54%
- 1Y
- 2.23%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
IWDA.AS
- 1D
- -0.03%
- 1M
- 3.59%
- YTD
- 11.06%
- 6M
- 10.90%
- 1Y
- 23.69%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
IEAC.AS vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 4.40% | 7.74% | -13.63% | -1.02% | 2.55% | 6.29% | -1.52% | 2.20% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between IEAC.AS and IWDA.AS is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.15 |
Over the past year, IEAC.AS and IWDA.AS have become more correlated (0.43) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
IEAC.AS vs. IWDA.AS — Risk / Return Rank
IEAC.AS
IWDA.AS
IEAC.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF (IEAC.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.
| IEAC.AS | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.64 | -2.88 |
| Martin ratioReturn relative to average drawdown | 2.68 | 14.53 | -11.85 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEAC.AS | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 2.15 | -1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.90 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.84 | -0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.82 | -0.04 |
Drawdowns
IEAC.AS vs. IWDA.AS - Drawdown Comparison
The maximum IEAC.AS drawdown since its inception was -17.26%, smaller than the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for IEAC.AS and IWDA.AS.
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Drawdown Indicators
| IEAC.AS | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -33.63% | +16.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -6.45% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -21.59% | +18.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -21.59% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -17.26% | -33.63% | +16.37% |
Current DrawdownCurrent decline from peak | -0.99% | -0.34% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -4.25% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.63% | -0.87% |
Volatility
IEAC.AS vs. IWDA.AS - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF (IEAC.AS) is 1.15%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a volatility of 2.62%. This indicates that IEAC.AS experiences smaller price fluctuations and is considered to be less risky than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAC.AS | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.62% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 7.61% | -4.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 10.90% | -7.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 14.08% | -9.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 14.99% | -10.65% |
IEAC.AS vs. IWDA.AS - Expense Ratio Comparison
Both IEAC.AS and IWDA.AS 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
IEAC.AS vs. IWDA.AS - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.33%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
IWDA.AS 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
IEAC.AS and IWDA.AS have a correlation of 0.43, 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.
IEAC.AS and IWDA.AS have the same expense ratio: 0.20% per year.
IEAC.AS is categorized as Corporate Bonds, while IWDA.AS is Global Equities. IEAC.AS tracks Bloomberg Euro Corporate Bond Index, while IWDA.AS tracks MSCI World Index.
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