IGDA.L vs. MWRD.L

Last updated Jun 5, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and MWRD.L (Amundi Index MSCI World) are both Global Equities funds - IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index while MWRD.L tracks the MSCI ACWI NR USD. Both are passively managed. At a 0.46 correlation, their price movements are largely independent. IGDA.L charges 0.40%/yr vs 0.08%/yr for MWRD.L.

Performance

IGDA.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IGDA.L is traded in USD, while MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

IGDA.L

• 1D: -0.48%
• 1M: 6.32%
• YTD: 15.04%
• 6M: 15.93%
• 1Y: 34.82%
• 3Y*: 21.23%
• 5Y*: —
• 10Y*: —

MWRD.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGDA.L vs. MWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	15.04%	18.74%	17.94%	29.72%	-14.30%
MWRD.L Amundi Index MSCI World	0.00%	0.00%	-1.64%	23.69%	-10.72%

Correlation

The correlation between IGDA.L and MWRD.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	0.46

The correlation between IGDA.L and MWRD.L shifts across timeframes, from 0.30 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.

IGDA.L vs. MWRD.L - Sectors Allocation Comparison

Sectors	IGDA.L	MWRD.L
Technology	41.4%	24.7%
Healthcare	11.3%	12.4%
Consumer Cyclical	10.8%	10.5%
Industrials	10.8%	10.6%
Communication Services	9.4%	7.5%
Consumer Defensive	4.7%	6.7%
Basic Materials	4.7%	3.8%
Energy	3.6%	4.4%
Financial Services	2.1%	14.7%
Real Estate	1.0%	2.4%
Utilities	0.3%	2.4%

Return for Risk

IGDA.L vs. MWRD.L — Risk / Return Rank

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

IGDA.L

IGDA.L Risk / Return Rank: 76
IGDA.L Sharpe Ratio Rank: 77
IGDA.L Sortino Ratio Rank: 79
IGDA.L Omega Ratio Rank: 74
IGDA.L Calmar Ratio Rank: 73
IGDA.L Martin Ratio Rank: 79

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.

IGDA.L vs. MWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and Amundi Index MSCI World (MWRD.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.

	IGDA.L	MWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.47	—	—
Sortino ratio: Return per unit of downside risk	3.51	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.57	—	—
Martin ratio: Return relative to average drawdown	15.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	IGDA.L	MWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	—	—

Drawdowns

Drawdown Indicators

	IGDA.L	MWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.18%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.12%	—	—
Current Drawdown Current decline from peak	-1.17%	—	—
Average Drawdown Average peak-to-trough decline	-5.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	—	—

Volatility

Volatility by Period

	IGDA.L	MWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.64%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.64%	—	—

IGDA.L vs. MWRD.L - Expense Ratio Comparison

IGDA.L has a 0.40% expense ratio, which is higher than MWRD.L's 0.08% expense ratio.

Dividends

IGDA.L vs. MWRD.L - Dividend Comparison

Neither IGDA.L nor MWRD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IGDA.L and MWRD.L in my portfolio?

IGDA.L and MWRD.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGDA.L or MWRD.L?

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGDA.L or MWRD.L?

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between IGDA.L and MWRD.L?

IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while MWRD.L tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.40% for IGDA.L and 0.08% for MWRD.L.