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IEDL.L vs. SWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEDL.L vs. SWDA.L

Last updated Jun 4, 2026

IEDL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IEDL.L is a Europe Equities fund tracking the MSCI Europe Value NR EUR, while SWDA.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IEDL.L returned 14.48%/yr vs 12.89%/yr for SWDA.L. A 0.69 correlation means they provide meaningful diversification when combined. IEDL.L charges 0.25%/yr vs 0.20%/yr for SWDA.L.

Performance

IEDL.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IEDL.L is traded in EUR, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IEDL.L achieves a 14.13% return, which is significantly higher than SWDA.L's 10.97% return.

IEDL.L

1D
-0.48%
1M
4.00%
YTD
14.13%
6M
18.09%
1Y
33.31%
3Y*
21.46%
5Y*
14.48%
10Y*
—

SWDA.L

1D
-0.30%
1M
5.06%
YTD
10.97%
6M
11.49%
1Y
23.80%
3Y*
17.63%
5Y*
12.89%
10Y*
12.92%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IEDL.L vs. SWDA.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		14.13%35.00%10.46%13.50%-3.75%26.71%-8.76%21.78%-12.14%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.97%6.76%26.95%20.08%-13.06%31.68%6.15%30.86%-5.05%

Correlation

The correlation between IEDL.L and SWDA.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.65

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

0.57

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

0.64

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.69

The correlation between IEDL.L and SWDA.L shifts across timeframes, from 0.57 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.

IEDL.L vs. SWDA.L - Sectors Allocation Comparison

Sectors
IEDL.L
SWDA.L

Financial Services

22.6%
15.4%

Industrials

17.0%
10.9%

Healthcare

12.3%
8.7%

Technology

12.2%
30.0%

Consumer Defensive

8.6%
5.2%

Basic Materials

6.2%
3.2%

Consumer Cyclical

6.2%
9.0%

Energy

5.1%
4.2%

Utilities

4.5%
2.5%

Communication Services

3.7%
9.2%

Real Estate

0.6%
1.8%

Financial Services

IEDL.L
22.6%
SWDA.L
15.4%

Industrials

IEDL.L
17.0%
SWDA.L
10.9%

Healthcare

IEDL.L
12.3%
SWDA.L
8.7%

Technology

IEDL.L
12.2%
SWDA.L
30.0%

Consumer Defensive

IEDL.L
8.6%
SWDA.L
5.2%

Basic Materials

IEDL.L
6.2%
SWDA.L
3.2%

Consumer Cyclical

IEDL.L
6.2%
SWDA.L
9.0%

Energy

IEDL.L
5.1%
SWDA.L
4.2%

Utilities

IEDL.L
4.5%
SWDA.L
2.5%

Communication Services

IEDL.L
3.7%
SWDA.L
9.2%

Real Estate

IEDL.L
0.6%
SWDA.L
1.8%

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iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with IEDL.L:
IEDL.L vs. S7XP.LIEDL.L vs. XHYG.DEIEDL.L vs. MVEW.DEIEDL.L vs. T3KE.DEIEDL.L vs. EUMD.LIEDL.L vs. CNX1.LIEDL.L vs. VEUR.L
Often compared with SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

IEDL.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEDL.L
IEDL.L Risk / Return Rank: 7272
Overall Rank
IEDL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEDL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEDL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEDL.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IEDL.L Martin Ratio Rank: 6969
Martin Ratio Rank
SWDA.L
SWDA.L Risk / Return Rank: 8181
Overall Rank
SWDA.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8282
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8181
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.

IEDL.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.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.

IEDL.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.44
2.18

+0.26

Sortino ratioReturn per unit of downside risk
3.32
3.07

+0.25

Omega ratioGain probability vs. loss probability

1.45

1.41

+0.03

Calmar ratioReturn relative to maximum drawdown

3.42

3.63

-0.21

Martin ratioReturn relative to average drawdown

12.72

14.81

-2.09

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

IEDL.L vs. SWDA.L - Sharpe Ratio Comparison

The current IEDL.L Sharpe Ratio is 2.44, which is comparable to the SWDA.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of IEDL.L and SWDA.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

IEDL.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.44

2.18

+0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.92

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.59

0.85

-0.26

Drawdowns

IEDL.L vs. SWDA.L - Drawdown Comparison

The maximum IEDL.L drawdown since its inception was -39.74%, which is greater than SWDA.L's maximum drawdown of -33.00%. Use the drawdown chart below to compare losses from any high point for IEDL.L and SWDA.L.

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Drawdown Indicators

IEDL.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.74%

-33.00%

-6.74%

Max Drawdown (1Y)

Largest decline over 1 year

-9.70%

-6.53%

-3.17%

Max Drawdown (3Y)

Largest decline over 3 years

-17.52%

-20.55%

+3.03%

Max Drawdown (5Y)

Largest decline over 5 years

-19.57%

-20.55%

+0.98%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.00%

—

Current Drawdown

Current decline from peak

-0.66%

-0.30%

-0.36%

Average Drawdown

Average peak-to-trough decline

-6.19%

-4.31%

-1.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.61%

1.60%

+1.01%

Volatility

IEDL.L vs. SWDA.L - Volatility Comparison

iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist) (IEDL.L) has a higher volatility of 4.83% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.21%. This indicates that IEDL.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IEDL.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.83%

2.21%

+2.62%

Volatility (6M)

Calculated over the trailing 6-month period

10.95%

7.57%

+3.38%

Volatility (1Y)

Calculated over the trailing 1-year period

13.60%

10.95%

+2.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.42%

14.07%

+1.35%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.97%

15.15%

+2.82%

IEDL.L vs. SWDA.L - Expense Ratio Comparison

IEDL.L has a 0.25% expense ratio, which is higher than SWDA.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

IEDL.L vs. SWDA.L - Dividend Comparison

IEDL.L's dividend yield for the trailing twelve months is around 3.01%, while SWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
IEDL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR (Dist)		3.01%3.44%4.22%4.76%4.23%3.56%2.32%3.86%3.19%
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%

Frequently Asked Questions

IEDL.L and SWDA.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.25% for IEDL.L.

IEDL.L is categorized as Europe Equities, while SWDA.L is Global Equities. IEDL.L tracks MSCI Europe Value NR EUR, while SWDA.L tracks MSCI ACWI NR USD. Their fees differ too: 0.25% for IEDL.L and 0.20% for SWDA.L.

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