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IFSW.L vs. ISAC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFSW.L vs. ISAC.L

Last updated Jun 5, 2026

IFSW.L (iShares Edge MSCI World Multifactor UCITS) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IFSW.L tracks the MSCI ACWI NR USD while ISAC.L tracks the MSCI ACWI Index. Both are passively managed. Over the past 10 years, IFSW.L returned 11.66%/yr vs 12.63%/yr for ISAC.L. Their correlation of 0.94 suggests significant overlap in exposure. IFSW.L charges 0.55%/yr vs 0.20%/yr for ISAC.L.

Performance

IFSW.L vs. ISAC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI World Multifactor UCITS (IFSW.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IFSW.L having a 11.85% return and ISAC.L slightly lower at 11.54%. Over the past 10 years, IFSW.L has underperformed ISAC.L with an annualized return of 11.66%, while ISAC.L has yielded a comparatively higher 12.63% annualized return.

IFSW.L

1D
-0.50%
1M
4.97%
YTD
11.85%
6M
13.13%
1Y
29.64%
3Y*
21.77%
5Y*
10.89%
10Y*
11.66%

ISAC.L

1D
-0.10%
1M
4.26%
YTD
11.54%
6M
13.01%
1Y
28.81%
3Y*
21.19%
5Y*
11.38%
10Y*
12.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFSW.L vs. ISAC.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IFSW.L
iShares Edge MSCI World Multifactor UCITS		11.85%25.73%17.05%15.35%-15.39%20.36%10.69%21.44%-12.34%26.45%
ISAC.L
iShares MSCI ACWI UCITS ETF USD (Acc)		11.54%22.36%17.81%22.57%-18.16%18.85%15.66%25.77%-9.73%24.39%

Correlation

The correlation between IFSW.L and ISAC.L is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.95

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

0.94

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

0.94

Correlation (10Y)
Calculated over the trailing 10-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2015

0.94

The correlation between IFSW.L and ISAC.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

IFSW.L vs. ISAC.L - Sectors Allocation Comparison

Sectors
IFSW.L
ISAC.L

Technology

31.9%
33.9%

Financial Services

19.3%
17.3%

Consumer Cyclical

10.7%
8.5%

Communication Services

8.0%
8.6%

Healthcare

7.7%
7.8%

Industrials

7.3%
9.0%

Consumer Defensive

5.7%
4.4%

Energy

3.9%
3.6%

Basic Materials

2.2%
2.9%

Utilities

2.1%
2.2%

Real Estate

0.9%
1.2%

Technology

IFSW.L
31.9%
ISAC.L
33.9%

Financial Services

IFSW.L
19.3%
ISAC.L
17.3%

Consumer Cyclical

IFSW.L
10.7%
ISAC.L
8.5%

Communication Services

IFSW.L
8.0%
ISAC.L
8.6%

Healthcare

IFSW.L
7.7%
ISAC.L
7.8%

Industrials

IFSW.L
7.3%
ISAC.L
9.0%

Consumer Defensive

IFSW.L
5.7%
ISAC.L
4.4%

Energy

IFSW.L
3.9%
ISAC.L
3.6%

Basic Materials

IFSW.L
2.2%
ISAC.L
2.9%

Utilities

IFSW.L
2.1%
ISAC.L
2.2%

Real Estate

IFSW.L
0.9%
ISAC.L
1.2%

Compare stocks, funds, or ETFs

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iShares Edge MSCI World Multifactor UCITS

iShares MSCI ACWI UCITS ETF USD (Acc)

Often compared with IFSW.L:
IFSW.L vs. JPGL.DEIFSW.L vs. GERD.DEIFSW.L vs. HWWD.LIFSW.L vs. JPGL.LIFSW.L vs. VOOIFSW.L vs. IWDA.LIFSW.L vs. QWLD
Often compared with ISAC.L:
ISAC.L vs. VWRA.LISAC.L vs. SSAC.LISAC.L vs. IWDA.LISAC.L vs. VTISAC.L vs. SWDA.LISAC.L vs. VOOISAC.L vs. SWRD.L

Return for Risk

IFSW.L vs. ISAC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IFSW.L
IFSW.L Risk / Return Rank: 7777
Overall Rank
IFSW.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IFSW.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
IFSW.L Omega Ratio Rank: 7575
Omega Ratio Rank
IFSW.L Calmar Ratio Rank: 7474
Calmar Ratio Rank
IFSW.L Martin Ratio Rank: 8080
Martin Ratio Rank
ISAC.L
ISAC.L Risk / Return Rank: 7373
Overall Rank
ISAC.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
ISAC.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
ISAC.L Omega Ratio Rank: 7373
Omega Ratio Rank
ISAC.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ISAC.L Martin Ratio Rank: 7474
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.

IFSW.L vs. ISAC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Multifactor UCITS (IFSW.L) and iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.

IFSW.LISAC.LDifference
Sharpe ratioReturn per unit of total volatility
2.40
2.31

+0.09

Sortino ratioReturn per unit of downside risk
3.63
3.42

+0.21

Omega ratioGain probability vs. loss probability

1.44

1.43

+0.01

Calmar ratioReturn relative to maximum drawdown

3.69

3.27

+0.42

Martin ratioReturn relative to average drawdown

15.61

13.72

+1.90

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

IFSW.L vs. ISAC.L - Sharpe Ratio Comparison

The current IFSW.L Sharpe Ratio is 2.40, which is comparable to the ISAC.L Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of IFSW.L and ISAC.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

IFSW.LISAC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.40

2.31

+0.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.73

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

0.79

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.75

-0.05

Drawdowns

IFSW.L vs. ISAC.L - Drawdown Comparison

The maximum IFSW.L drawdown since its inception was -34.49%, roughly equal to the maximum ISAC.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for IFSW.L and ISAC.L.

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Drawdown Indicators

IFSW.LISAC.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.49%

-33.82%

-0.67%

Max Drawdown (1Y)

Largest decline over 1 year

-7.99%

-8.77%

+0.78%

Max Drawdown (3Y)

Largest decline over 3 years

-15.98%

-16.56%

+0.58%

Max Drawdown (5Y)

Largest decline over 5 years

-24.41%

-26.07%

+1.66%

Max Drawdown (10Y)

Largest decline over 10 years

-34.49%

-33.82%

-0.67%

Current Drawdown

Current decline from peak

-1.00%

-0.72%

-0.28%

Average Drawdown

Average peak-to-trough decline

-5.12%

-4.69%

-0.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

2.10%

-0.21%

Volatility

IFSW.L vs. ISAC.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Multifactor UCITS (IFSW.L) is 3.52%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.84%. This indicates that IFSW.L experiences smaller price fluctuations and is considered to be less risky than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IFSW.LISAC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.52%

3.84%

-0.32%

Volatility (6M)

Calculated over the trailing 6-month period

9.54%

9.77%

-0.23%

Volatility (1Y)

Calculated over the trailing 1-year period

12.29%

12.40%

-0.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.76%

15.57%

+0.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.19%

15.95%

+0.24%

IFSW.L vs. ISAC.L - Expense Ratio Comparison

IFSW.L has a 0.55% expense ratio, which is higher than ISAC.L's 0.20% expense ratio.

Dividends

IFSW.L vs. ISAC.L - Dividend Comparison

Neither IFSW.L nor ISAC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.95, IFSW.L and ISAC.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, ISAC.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ISAC.L is cheaper with a 0.20% expense ratio, compared with 0.55% for IFSW.L.

IFSW.L tracks MSCI ACWI NR USD, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.55% for IFSW.L and 0.20% for ISAC.L.

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