IGLO.L vs. IWDA.L
IGLO.L (iShares Global Government Bond UCITS) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IGLO.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR USD, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IGLO.L returned -0.82%/yr vs 13.07%/yr for IWDA.L. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.
Performance
IGLO.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGLO.L achieves a -1.63% return, which is significantly lower than IWDA.L's 9.83% return. Over the past 10 years, IGLO.L has underperformed IWDA.L with an annualized return of -0.82%, while IWDA.L has yielded a comparatively higher 13.07% annualized return.
IGLO.L
- 1D
- 0.19%
- 1M
- -0.07%
- YTD
- -1.63%
- 6M
- -1.00%
- 1Y
- -0.09%
- 3Y*
- 1.45%
- 5Y*
- -3.35%
- 10Y*
- -0.82%
IWDA.L
- 1D
- 0.10%
- 1M
- 4.07%
- YTD
- 9.83%
- 6M
- 10.98%
- 1Y
- 25.98%
- 3Y*
- 20.77%
- 5Y*
- 11.86%
- 10Y*
- 13.07%
IGLO.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | -1.63% | 7.14% | -3.65% | 4.00% | -17.69% | -6.89% | 9.38% | 5.53% | -0.30% | 6.12% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 9.83% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.77% |
Correlation
The correlation between IGLO.L and IWDA.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010 | 0.02 |
Over the past year, IGLO.L and IWDA.L have become more correlated (0.41) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
IGLO.L vs. IWDA.L — Risk / Return Rank
IGLO.L
IWDA.L
IGLO.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.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.
| IGLO.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 3.11 | -3.13 |
| Martin ratioReturn relative to average drawdown | -0.05 | 13.16 | -13.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGLO.L | IWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.17 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.45 | 0.76 | -1.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.12 | 0.82 | -0.94 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 0.79 | -0.67 |
Drawdowns
IGLO.L vs. IWDA.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IGLO.L and IWDA.L.
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Drawdown Indicators
| IGLO.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.01% | -34.11% | +6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -4.28% | -8.31% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.93% | -16.94% | +9.01% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -25.88% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -28.01% | -34.11% | +6.10% |
Current DrawdownCurrent decline from peak | -19.08% | -0.43% | -18.65% |
Average DrawdownAverage peak-to-trough decline | -8.75% | -4.44% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 1.97% | -0.30% |
Volatility
IGLO.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.20%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.40%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLO.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 3.40% | -1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.36% | 9.19% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 11.93% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.46% | 15.68% | -8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.66% | 15.91% | -9.25% |
IGLO.L vs. IWDA.L - Expense Ratio Comparison
Both IGLO.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
IGLO.L vs. IWDA.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 3.09%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLO.L iShares Global Government Bond UCITS | 3.09% | 2.86% | 2.51% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGLO.L and IWDA.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IGLO.L and IWDA.L have the same expense ratio: 0.20% per year.
IGLO.L is categorized as Global Bonds, while IWDA.L is Global Equities. IGLO.L tracks Bloomberg Global Aggregate TR USD, while IWDA.L tracks MSCI World Index (Net).
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