IEAH.L vs. IWDA.L
IEAH.L (iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IEAH.L is a Global Bonds fund tracking the iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist), while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, IEAH.L returned 0.94%/yr vs 11.99%/yr for IWDA.L. At a 0.21 correlation, their price movements are largely independent. IEAH.L charges 0.25%/yr vs 0.20%/yr for IWDA.L.
Performance
IEAH.L vs. IWDA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IEAH.L is traded in GBP, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEAH.L achieves a -0.36% return, which is significantly lower than IWDA.L's 9.72% return.
IEAH.L
- 1D
- -0.17%
- 1M
- -0.36%
- 6M
- -0.75%
- YTD
- -0.36%
- 1Y
- 1.69%
- 3Y*
- 5.52%
- 5Y*
- 0.94%
- 10Y*
- —
IWDA.L
- 1D
- -0.85%
- 1M
- -0.67%
- 6M
- 8.35%
- YTD
- 9.72%
- 1Y
- 20.72%
- 3Y*
- 17.57%
- 5Y*
- 11.99%
- 10Y*
- 12.69%
IEAH.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | -0.36% | 5.19% | 5.53% | 8.98% | -12.43% | -0.56% | 2.89% | 7.56% | 0.31% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.72% | 12.41% | 21.19% | 18.05% | -8.38% | 23.34% | 12.65% | 22.29% | -0.23% |
Correlation
The correlation between IEAH.L and IWDA.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.21 |
The correlation between IEAH.L and IWDA.L shifts across timeframes, from 0.20 (5 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IEAH.L vs. IWDA.L — Risk / Return Rank
IEAH.L
IWDA.L
IEAH.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.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.
| IEAH.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.32 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 3.24 | -2.76 |
| Martin ratioReturn relative to average drawdown | 1.50 | 11.85 | -10.35 |
Loading charts...
Drawdowns
IEAH.L vs. IWDA.L - Drawdown Comparison
The maximum IEAH.L drawdown since its inception was -16.50%, smaller than the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IEAH.L and IWDA.L.
Loading charts...
Drawdown Indicators
| IEAH.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -26.18% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | -6.37% | +3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -3.10% | -18.91% | +15.81% |
Max Drawdown (5Y)Largest decline over 5 years | -16.50% | -18.91% | +2.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.18% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.46% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -3.60% | -3.50% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.74% | -0.74% |
Volatility
IEAH.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) (IEAH.L) is 0.73%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.90%. This indicates that IEAH.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.
Loading charts...
Volatility by Period
| IEAH.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 2.90% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 9.48% | -6.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 11.98% | -8.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.69% | 14.57% | -9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.02% | 15.42% | -10.40% |
IEAH.L vs. IWDA.L - Expense Ratio Comparison
IEAH.L has a 0.25% expense ratio, which is higher than IWDA.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IEAH.L vs. IWDA.L - Dividend Comparison
IEAH.L's dividend yield for the trailing twelve months is around 3.27%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IEAH.L iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist) | 3.27% | 3.23% | 3.27% | 2.42% | 0.77% | 0.75% | 0.78% | 1.04% | 0.31% |
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% |
Frequently Asked Questions
IEAH.L and IWDA.L have a correlation of 0.40, 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 0.25% for IEAH.L.
IEAH.L is categorized as Global Bonds, while IWDA.L is Global Equities. IEAH.L tracks iShares Core € Corp Bond UCITS ETF GBP Hedged (Dist), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.25% for IEAH.L and 0.20% for IWDA.L.
Find the right allocation for IEAH.L and IWDA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer