IEAC.AS vs. SWDA.L
Compare and contrast key facts about iShares Core € Corp Bond UCITS ETF (IEAC.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L).
IEAC.AS and SWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEAC.AS is a passively managed fund by iShares that tracks the performance of the Bloomberg Euro Corporate Bond Index. It was launched on Mar 6, 2009. SWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 25, 2009. Both IEAC.AS and SWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEAC.AS or SWDA.L.
Key characteristics
| IEAC.AS | SWDA.L | |
|---|---|---|
| YTD Return | -1.83% | 7.76% |
| 1Y Return | 3.28% | 23.03% |
| 3Y Return (Ann) | -2.97% | 10.24% |
| 5Y Return (Ann) | -1.05% | 11.92% |
| 10Y Return (Ann) | 0.75% | 12.46% |
| Sharpe Ratio | 0.88 | 2.16 |
| Daily Std Dev | 4.31% | 10.19% |
| Max Drawdown | -17.26% | -25.58% |
| Current Drawdown | -10.17% | -1.54% |
Correlation
The correlation between IEAC.AS and SWDA.L is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IEAC.AS vs. SWDA.L - Performance Comparison
In the year-to-date period, IEAC.AS achieves a -1.83% return, which is significantly lower than SWDA.L's 7.76% return. Over the past 10 years, IEAC.AS has underperformed SWDA.L with an annualized return of 0.75%, while SWDA.L has yielded a comparatively higher 12.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IEAC.AS vs. SWDA.L - Expense Ratio Comparison
Both IEAC.AS and SWDA.L 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%.
Risk-Adjusted Performance
IEAC.AS vs. SWDA.L - Risk-Adjusted Performance 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) (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.
Dividends
IEAC.AS vs. SWDA.L - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.21%, while SWDA.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.21% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% | 2.22% | 2.62% |
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% |
Drawdowns
IEAC.AS vs. SWDA.L - Drawdown Comparison
The maximum IEAC.AS drawdown since its inception was -17.26%, smaller than the maximum SWDA.L drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for IEAC.AS and SWDA.L. For additional features, visit the drawdowns tool.
Volatility
IEAC.AS vs. SWDA.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF (IEAC.AS) is 2.39%, while iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a volatility of 4.34%. This indicates that IEAC.AS experiences smaller price fluctuations and is considered to be less risky than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.