IESG.L vs. IWDA.L

Last updated Jun 5, 2026

IESG.L (iShares MSCI Europe SRI UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IESG.L is a ESG fund tracking the MSCI Europe SRI Select Reduced Fossil Fuel Index, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IESG.L returned 8.90%/yr vs 13.89%/yr for IWDA.L. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

IESG.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI Europe SRI UCITS ETF (IESG.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IESG.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, IESG.L achieves a 6.07% return, which is significantly lower than IWDA.L's 10.12% return. Over the past 10 years, IESG.L has underperformed IWDA.L with an annualized return of 8.90%, while IWDA.L has yielded a comparatively higher 13.89% annualized return.

IESG.L

• 1D: 0.99%
• 1M: 3.90%
• YTD: 6.07%
• 6M: 7.58%
• 1Y: 8.35%
• 3Y*: 7.12%
• 5Y*: 5.54%
• 10Y*: 8.90%

IWDA.L

• 1D: 0.00%
• 1M: 4.88%
• YTD: 10.12%
• 6M: 10.06%
• 1Y: 27.03%
• 3Y*: 17.69%
• 5Y*: 13.03%
• 10Y*: 13.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IESG.L vs. IWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IESG.L iShares MSCI Europe SRI UCITS ETF	6.07%	8.44%	0.88%	14.27%	-9.89%	18.85%	9.51%	22.59%	-6.20%	15.83%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	10.28%	12.41%	21.19%	18.05%	-8.38%	23.34%	12.65%	22.29%	-3.62%	12.15%

Correlation

The correlation between IESG.L and IWDA.L is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 11, 2011	0.72

The correlation between IESG.L and IWDA.L has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

IESG.L vs. IWDA.L - Sectors Allocation Comparison

Sectors	IESG.L	IWDA.L
Financial Services	23.1%	14.9%
Industrials	20.5%	9.7%
Healthcare	13.4%	8.6%
Technology	12.5%	32.9%
Consumer Defensive	9.4%	4.8%
Consumer Cyclical	6.6%	8.8%
Basic Materials	5.3%	2.8%
Utilities	4.2%	2.4%
Communication Services	3.7%	9.3%
Real Estate	1.4%	1.2%
Energy	-	3.9%

Return for Risk

IESG.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IESG.L

IESG.L Risk / Return Rank: 20
IESG.L Sharpe Ratio Rank: 20
IESG.L Sortino Ratio Rank: 20
IESG.L Omega Ratio Rank: 20
IESG.L Calmar Ratio Rank: 19
IESG.L Martin Ratio Rank: 21

IWDA.L

IWDA.L Risk / Return Rank: 68
IWDA.L Sharpe Ratio Rank: 67
IWDA.L Sortino Ratio Rank: 73
IWDA.L Omega Ratio Rank: 67
IWDA.L Calmar Ratio Rank: 64
IWDA.L Martin Ratio Rank: 72

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.

IESG.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe SRI UCITS ETF (IESG.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.

	IESG.L	IWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.65	2.32	-1.66
Sortino ratio: Return per unit of downside risk	1.00	3.22	-2.22
Omega ratio: Gain probability vs. loss probability	1.12	1.43	-0.31
Calmar ratio: Return relative to maximum drawdown	0.73	4.22	-3.49
Martin ratio: Return relative to average drawdown	2.41	15.90	-13.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IESG.L vs. IWDA.L - Sharpe Ratio Comparison

The current IESG.L Sharpe Ratio is 0.65, which is lower than the IWDA.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of IESG.L and IWDA.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.

Sharpe Ratios by Period

	IESG.L	IWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	2.32	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.90	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.89	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.86	-0.35

Drawdowns

IESG.L vs. IWDA.L - Drawdown Comparison

The maximum IESG.L drawdown since its inception was -25.95%, roughly equal to the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IESG.L and IWDA.L.

Drawdown Indicators

	IESG.L	IWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.95%	-26.18%	+0.23%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-6.37%	-4.95%
Max Drawdown (3Y) Largest decline over 3 years	-15.07%	-18.91%	+3.84%
Max Drawdown (5Y) Largest decline over 5 years	-20.77%	-18.91%	-1.86%
Max Drawdown (10Y) Largest decline over 10 years	-25.95%	-26.18%	+0.23%
Current Drawdown Current decline from peak	0.00%	-0.27%	+0.27%
Average Drawdown Average peak-to-trough decline	-4.72%	-3.39%	-1.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	1.70%	+1.76%

Volatility

IESG.L vs. IWDA.L - Volatility Comparison

iShares MSCI Europe SRI UCITS ETF (IESG.L) has a higher volatility of 3.93% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 3.47%. This indicates that IESG.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IESG.L	IWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	3.47%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.43%	8.85%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	11.62%	+1.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	14.49%	-0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.84%	15.51%	-0.67%

IESG.L vs. IWDA.L - Expense Ratio Comparison

Both IESG.L and IWDA.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%.

Dividends

IESG.L vs. IWDA.L - Dividend Comparison

Neither IESG.L nor IWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IESG.L and IWDA.L in my portfolio?

IESG.L and IWDA.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IESG.L or IWDA.L?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IESG.L or IWDA.L?

IESG.L and IWDA.L have the same expense ratio: 0.20% per year.

What is the main difference between IESG.L and IWDA.L?

IESG.L is categorized as ESG, while IWDA.L is Global Equities. IESG.L tracks MSCI Europe SRI Select Reduced Fossil Fuel Index, while IWDA.L tracks MSCI World Index (Net).