IGWD.L vs. PACW.L
IGWD.L (iShares MSCI World GBP Hedged UCITS ETF Accumulating) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - IGWD.L tracks the MSCI World 100% Hedged to GBP Index while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, IGWD.L returned 25.97% vs 30.29% for PACW.L. Their correlation of 0.87 suggests significant overlap in exposure. IGWD.L charges 0.55%/yr vs 0.07%/yr for PACW.L.
Performance
IGWD.L vs. PACW.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGWD.L achieves a 9.78% return, which is significantly lower than PACW.L's 11.92% return.
IGWD.L
- 1D
- 0.11%
- 1M
- 4.42%
- YTD
- 9.78%
- 6M
- 10.82%
- 1Y
- 25.97%
- 3Y*
- 20.22%
- 5Y*
- 11.96%
- 10Y*
- 12.23%
PACW.L
- 1D
- -0.04%
- 1M
- 5.24%
- YTD
- 11.92%
- 6M
- 12.31%
- 1Y
- 30.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGWD.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IGWD.L iShares MSCI World GBP Hedged UCITS ETF Accumulating | 9.78% | 13.69% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.92% | 9.58% |
Correlation
The correlation between IGWD.L and PACW.L is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.87 |
The correlation between IGWD.L and PACW.L has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.
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Return for Risk
IGWD.L vs. PACW.L — Risk / Return Rank
IGWD.L
PACW.L
IGWD.L vs. PACW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World GBP Hedged UCITS ETF Accumulating (IGWD.L) and Amundi Prime All Country World UCITS ETF Income (PACW.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.
| IGWD.L | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.55 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 4.27 | -0.89 |
| Martin ratioReturn relative to average drawdown | 14.65 | 17.43 | -2.77 |
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
| IGWD.L | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.89 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.24 | -0.51 |
Drawdowns
IGWD.L vs. PACW.L - Drawdown Comparison
The maximum IGWD.L drawdown since its inception was -35.37%, which is greater than PACW.L's maximum drawdown of -17.68%. Use the drawdown chart below to compare losses from any high point for IGWD.L and PACW.L.
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Drawdown Indicators
| IGWD.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.37% | -17.68% | -17.69% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | -7.06% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.58% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.08% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.37% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.46% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -3.02% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.73% | +0.04% |
Volatility
IGWD.L vs. PACW.L - Volatility Comparison
iShares MSCI World GBP Hedged UCITS ETF Accumulating (IGWD.L) has a higher volatility of 3.13% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 2.93%. This indicates that IGWD.L's price experiences larger fluctuations and is considered to be riskier than PACW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGWD.L | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 2.93% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.63% | 7.75% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.44% | 10.42% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.78% | 13.91% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.47% | 13.91% | +1.56% |
IGWD.L vs. PACW.L - Expense Ratio Comparison
IGWD.L has a 0.55% expense ratio, which is higher than PACW.L's 0.07% expense ratio.
Dividends
IGWD.L vs. PACW.L - Dividend Comparison
IGWD.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM |
|---|---|
IGWD.L iShares MSCI World GBP Hedged UCITS ETF Accumulating | 0.00% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% |
Frequently Asked Questions
IGWD.L and PACW.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.55% for IGWD.L.
IGWD.L tracks MSCI World 100% Hedged to GBP Index, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.55% for IGWD.L and 0.07% for PACW.L.
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