IESU.L vs. SWDA.L
IESU.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IESU.L tracks the iShares S&P 500 Energy Sector UCITS ETF USD (Acc) while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, IESU.L returned 8.35%/yr vs 12.77%/yr for SWDA.L. At a 0.44 correlation, their price movements are largely independent. IESU.L charges 0.15%/yr vs 0.20%/yr for SWDA.L.
Performance
IESU.L vs. SWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IESU.L achieves a 25.22% return, which is significantly higher than SWDA.L's 9.95% return. Over the past 10 years, IESU.L has underperformed SWDA.L with an annualized return of 8.35%, while SWDA.L has yielded a comparatively higher 12.77% annualized return.
IESU.L
- 1D
- 0.70%
- 1M
- 1.19%
- 6M
- 16.95%
- YTD
- 25.22%
- 1Y
- 30.64%
- 3Y*
- 13.17%
- 5Y*
- 22.17%
- 10Y*
- 8.35%
SWDA.L
- 1D
- -0.55%
- 1M
- -0.21%
- 6M
- 8.73%
- YTD
- 9.95%
- 1Y
- 21.07%
- 3Y*
- 17.79%
- 5Y*
- 12.11%
- 10Y*
- 12.77%
IESU.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESU.L iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 25.22% | 2.26% | 5.45% | -5.96% | 83.53% | 53.82% | -35.62% | 5.37% | -13.39% | -10.01% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 12.64% | 21.11% | 17.59% | -8.33% | 23.64% | 12.25% | 23.03% | -3.78% | 11.78% |
Correlation
The correlation between IESU.L and SWDA.L is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2015 | 0.44 |
The correlation between IESU.L and SWDA.L shifts across timeframes, from -0.16 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IESU.L vs. SWDA.L — Risk / Return Rank
IESU.L
SWDA.L
IESU.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.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.
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.
| IESU.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.20 | -1.29 |
| Martin ratioReturn relative to average drawdown | 4.65 | 12.47 | -7.82 |
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Drawdowns
IESU.L vs. SWDA.L - Drawdown Comparison
The maximum IESU.L drawdown since its inception was -63.88%, which is greater than SWDA.L's maximum drawdown of -41.70%. Use the drawdown chart below to compare losses from any high point for IESU.L and SWDA.L.
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Drawdown Indicators
| IESU.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.88% | -41.70% | -22.18% |
Max Drawdown (1Y)Largest decline over 1 year | -17.34% | -6.55% | -10.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.36% | -18.50% | -7.86% |
Max Drawdown (5Y)Largest decline over 5 years | -26.36% | -18.50% | -7.86% |
Max Drawdown (10Y)Largest decline over 10 years | -62.16% | -25.58% | -36.58% |
Current DrawdownCurrent decline from peak | -13.00% | -1.05% | -11.95% |
Average DrawdownAverage peak-to-trough decline | -20.51% | -9.44% | -11.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 1.69% | +5.45% |
Volatility
IESU.L vs. SWDA.L - Volatility Comparison
iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IESU.L) has a higher volatility of 7.43% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.61%. This indicates that IESU.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
| IESU.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.43% | 2.61% | +4.82% |
Volatility (6M)Calculated over the trailing 6-month period | 21.63% | 7.86% | +13.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.53% | 10.57% | +13.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.07% | 13.36% | +15.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.15% | 14.50% | +14.65% |
IESU.L vs. SWDA.L - Expense Ratio Comparison
IESU.L has a 0.15% expense ratio, which is lower than SWDA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IESU.L vs. SWDA.L - Dividend Comparison
Neither IESU.L nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IESU.L and SWDA.L have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IESU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IESU.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SWDA.L.
IESU.L tracks iShares S&P 500 Energy Sector UCITS ETF USD (Acc), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.15% for IESU.L and 0.20% for SWDA.L.
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