IGIL.L vs. SWDA.L

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L).

IGIL.L and SWDA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGIL.L is a passively managed fund by iShares that tracks the performance of the Bloomberg World Government Inflation-Linked Bond Index. It was launched on Aug 1, 2008. SWDA.L is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 25, 2009. Both IGIL.L and SWDA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

IGIL.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGIL.L iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc	-0.45%	8.45%	-2.93%	5.08%	-21.84%	2.94%	12.21%	7.81%	-4.02%	8.44%
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	-4.80%	21.14%	19.09%	23.79%	-18.13%	22.52%	15.68%	27.97%	-9.23%	22.42%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IGIL.L achieves a -0.45% return, which is significantly higher than SWDA.L's -5.47% return. Over the past 10 years, IGIL.L has underperformed SWDA.L with an annualized return of 1.04%, while SWDA.L has yielded a comparatively higher 11.76% annualized return.

IGIL.L

• 1D: 0.39%
• 1M: -3.07%
• YTD: -0.45%
• 6M: 0.15%
• 1Y: 4.78%
• 3Y*: 1.89%
• 5Y*: -1.85%
• 10Y*: 1.04%

SWDA.L

• 1D: 0.00%
• 1M: -7.83%
• YTD: -5.47%
• 6M: -1.48%
• 1Y: 18.00%
• 3Y*: 16.51%
• 5Y*: 9.81%
• 10Y*: 11.76%

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

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

Both IGIL.L and SWDA.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%.

IGIL.L

iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc

SWDA.L

iShares Core MSCI World UCITS ETF USD (Acc)

Return for Risk

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

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

IGIL.L

IGIL.L Risk / Return Rank: 38
IGIL.L Sharpe Ratio Rank: 36
IGIL.L Sortino Ratio Rank: 35
IGIL.L Omega Ratio Rank: 30
IGIL.L Calmar Ratio Rank: 49
IGIL.L Martin Ratio Rank: 41

SWDA.L

SWDA.L Risk / Return Rank: 66
SWDA.L Sharpe Ratio Rank: 68
SWDA.L Sortino Ratio Rank: 66
SWDA.L Omega Ratio Rank: 68
SWDA.L Calmar Ratio Rank: 61
SWDA.L Martin Ratio Rank: 66

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.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.

	IGIL.L	SWDA.L	Difference
Sharpe ratio Return per unit of total volatility	0.70	1.17	-0.47
Sortino ratio Return per unit of downside risk	1.07	1.66	-0.59
Omega ratio Gain probability vs. loss probability	1.13	1.24	-0.11
Calmar ratio Return relative to maximum drawdown	1.30	1.40	-0.10
Martin ratio Return relative to average drawdown	3.89	6.74	-2.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current IGIL.L Sharpe Ratio is 0.70, which is lower than the SWDA.L Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of IGIL.L and SWDA.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IGIL.L	SWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.70	1.17	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.64	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.75	-0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	0.67	-0.48

Correlation

The correlation between IGIL.L and SWDA.L is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

IGIL.L vs. SWDA.L - Dividend Comparison

Neither IGIL.L nor SWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IGIL.L vs. SWDA.L - Drawdown Comparison

The maximum IGIL.L drawdown since its inception was -31.32%, smaller than the maximum SWDA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for IGIL.L and SWDA.L.

Drawdown Indicators

	IGIL.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.32%	-25.58%	-5.74%
Max Drawdown (1Y) Largest decline over 1 year	-3.47%	-10.26%	+6.79%
Max Drawdown (5Y) Largest decline over 5 years	-31.32%	-18.50%	-12.82%
Max Drawdown (10Y) Largest decline over 10 years	-31.32%	-25.58%	-5.74%
Current Drawdown Current decline from peak	-16.00%	-5.44%	-10.56%
Average Drawdown Average peak-to-trough decline	-7.39%	-3.52%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.16%	2.37%	-1.21%

Volatility

IGIL.L vs. SWDA.L - Volatility Comparison

The current volatility for iShares Global Inflation Linked Govt Bond UCITS ETF USD Acc (IGIL.L) is 2.38%, while iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a volatility of 4.42%. This indicates that IGIL.L experiences smaller price fluctuations and is considered to be less risky than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGIL.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	4.42%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	4.15%	8.44%	-4.29%
Volatility (1Y) Calculated over the trailing 1-year period	6.78%	15.36%	-8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.59%	15.30%	-5.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.89%	15.70%	-6.81%