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IGUS.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IGUS.L vs. IWDA.L

Last updated Jun 5, 2026

IGUS.L (iShares S&P 500 GBP Hedged UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IGUS.L is a S&P 500 fund tracking the S&P 500 Index, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IGUS.L returned 13.48%/yr vs 13.89%/yr for IWDA.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

IGUS.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with IGUS.L having a 9.82% return and IWDA.L slightly higher at 10.12%. Both investments have delivered pretty close results over the past 10 years, with IGUS.L having a 13.48% annualized return and IWDA.L not far ahead at 13.89%.

IGUS.L

1D
0.06%
1M
4.70%
YTD
9.82%
6M
10.53%
1Y
27.11%
3Y*
21.32%
5Y*
12.46%
10Y*
13.48%

IWDA.L

1D
0.00%
1M
4.88%
YTD
10.12%
6M
10.06%
1Y
27.03%
3Y*
17.69%
5Y*
13.03%
10Y*
13.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IGUS.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IGUS.L
iShares S&P 500 GBP Hedged UCITS ETF		9.82%17.39%24.64%24.49%-20.60%28.57%14.63%27.27%-7.47%19.85%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.28%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%-3.62%12.15%

Correlation

The correlation between IGUS.L and IWDA.L is 0.82, 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

0.82

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

0.82

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

0.83

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

0.78

Correlation (All Time)
Calculated using the full available price history since Oct 8, 2010

0.74

The correlation between IGUS.L and IWDA.L has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

IGUS.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
IGUS.L
IWDA.L

Technology

35.6%
32.9%

Financial Services

11.8%
14.9%

Communication Services

11.2%
9.3%

Consumer Cyclical

10.2%
8.8%

Healthcare

8.5%
8.6%

Industrials

8.3%
9.7%

Consumer Defensive

4.9%
4.8%

Energy

3.5%
3.9%

Utilities

2.3%
2.4%

Real Estate

1.9%
1.2%

Basic Materials

1.8%
2.8%

Technology

IGUS.L
35.6%
IWDA.L
32.9%

Financial Services

IGUS.L
11.8%
IWDA.L
14.9%

Communication Services

IGUS.L
11.2%
IWDA.L
9.3%

Consumer Cyclical

IGUS.L
10.2%
IWDA.L
8.8%

Healthcare

IGUS.L
8.5%
IWDA.L
8.6%

Industrials

IGUS.L
8.3%
IWDA.L
9.7%

Consumer Defensive

IGUS.L
4.9%
IWDA.L
4.8%

Energy

IGUS.L
3.5%
IWDA.L
3.9%

Utilities

IGUS.L
2.3%
IWDA.L
2.4%

Real Estate

IGUS.L
1.9%
IWDA.L
1.2%

Basic Materials

IGUS.L
1.8%
IWDA.L
2.8%

Compare stocks, funds, or ETFs

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iShares S&P 500 GBP Hedged UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

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IGUS.L vs. VUAG.LIGUS.L vs. VUSA.LIGUS.L vs. CSP1.LIGUS.L vs. WENS.LIGUS.L vs. JPJP.LIGUS.L vs. SAEMXIGUS.L vs. GSPX.L
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

IGUS.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IGUS.L
IGUS.L Risk / Return Rank: 7171
Overall Rank
IGUS.L Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
IGUS.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
IGUS.L Omega Ratio Rank: 7171
Omega Ratio Rank
IGUS.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
IGUS.L Martin Ratio Rank: 7575
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
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.

IGUS.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.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.

IGUS.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.28
2.32

-0.03

Sortino ratioReturn per unit of downside risk
3.33
3.22

+0.10

Omega ratioGain probability vs. loss probability

1.42

1.43

-0.01

Calmar ratioReturn relative to maximum drawdown

3.20

4.22

-1.02

Martin ratioReturn relative to average drawdown

13.92

15.90

-1.98

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

IGUS.L vs. IWDA.L - Sharpe Ratio Comparison

The current IGUS.L Sharpe Ratio is 2.28, which is comparable to the IWDA.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of IGUS.L and IWDA.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

IGUS.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

2.32

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.90

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.89

-0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.86

-0.04

Drawdowns

IGUS.L vs. IWDA.L - Drawdown Comparison

The maximum IGUS.L drawdown since its inception was -36.66%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IGUS.L and IWDA.L.

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Drawdown Indicators

IGUS.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.66%

-26.18%

-10.48%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-6.37%

-2.07%

Max Drawdown (3Y)

Largest decline over 3 years

-18.98%

-18.91%

-0.07%

Max Drawdown (5Y)

Largest decline over 5 years

-25.66%

-18.91%

-6.75%

Max Drawdown (10Y)

Largest decline over 10 years

-36.66%

-26.18%

-10.48%

Current Drawdown

Current decline from peak

-0.46%

-0.27%

-0.19%

Average Drawdown

Average peak-to-trough decline

-4.15%

-3.39%

-0.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

1.70%

+0.24%

Volatility

IGUS.L vs. IWDA.L - Volatility Comparison

The current volatility for iShares S&P 500 GBP Hedged UCITS ETF (IGUS.L) is 3.21%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.47%. This indicates that IGUS.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

IGUS.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

3.47%

-0.26%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

8.85%

-0.20%

Volatility (1Y)

Calculated over the trailing 1-year period

11.82%

11.62%

+0.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

14.49%

+1.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.58%

15.51%

+1.07%

IGUS.L vs. IWDA.L - Expense Ratio Comparison

Both IGUS.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

IGUS.L vs. IWDA.L - Dividend Comparison

Neither IGUS.L nor IWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

IGUS.L and IWDA.L have a correlation of 0.82, 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.

IGUS.L and IWDA.L have the same expense ratio: 0.20% per year.

IGUS.L is categorized as S&P 500, while IWDA.L is Global Equities. IGUS.L tracks S&P 500 Index, while IWDA.L tracks MSCI World Index (Net).

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