IMBS.L vs. SWDA.L
IMBS.L (iShares US Mortgage Backed Securities UCITS ETF USD (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IMBS.L tracks the iShares US Mortgage Backed Securities UCITS ETF USD (Dist) while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, IMBS.L returned 1.01%/yr vs 13.08%/yr for SWDA.L. At a 0.09 correlation, their price movements are largely independent. IMBS.L charges 0.28%/yr vs 0.20%/yr for SWDA.L.
Performance
IMBS.L vs. SWDA.L - Performance Comparison
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Different Trading Currencies
IMBS.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, IMBS.L achieves a -0.33% return, which is significantly lower than SWDA.L's 10.59% return. Over the past 10 years, IMBS.L has underperformed SWDA.L with an annualized return of 1.01%, while SWDA.L has yielded a comparatively higher 13.08% annualized return.
IMBS.L
- 1D
- -0.04%
- 1M
- -0.33%
- 6M
- -0.09%
- YTD
- -0.33%
- 1Y
- 5.49%
- 3Y*
- 4.05%
- 5Y*
- 0.06%
- 10Y*
- 1.01%
SWDA.L
- 1D
- 0.59%
- 1M
- 0.70%
- 6M
- 9.50%
- YTD
- 10.59%
- 1Y
- 22.47%
- 3Y*
- 19.10%
- 5Y*
- 11.75%
- 10Y*
- 13.08%
IMBS.L vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | -0.33% | 8.60% | 1.54% | 3.57% | -11.37% | -1.69% | 4.04% | 6.52% | -0.09% | 2.90% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.59% | 21.14% | 19.09% | 23.79% | -18.13% | 22.52% | 15.68% | 27.97% | -9.23% | 22.42% |
Correlation
The correlation between IMBS.L and SWDA.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.09 |
The correlation between IMBS.L and SWDA.L shifts across timeframes, from 0.09 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IMBS.L vs. SWDA.L — Risk / Return Rank
IMBS.L
SWDA.L
IMBS.L vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IMBS.L | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.34 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 2.60 | -1.01 |
| Martin ratioReturn relative to average drawdown | 5.11 | 11.09 | -5.98 |
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Drawdowns
IMBS.L vs. SWDA.L - Drawdown Comparison
The maximum IMBS.L drawdown since its inception was -18.09%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for IMBS.L and SWDA.L.
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Drawdown Indicators
| IMBS.L | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.09% | -45.69% | +27.60% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -8.59% | +5.33% |
Max Drawdown (3Y)Largest decline over 3 years | -7.51% | -17.07% | +9.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -26.50% | +8.83% |
Max Drawdown (10Y)Largest decline over 10 years | -18.09% | -33.61% | +15.52% |
Current DrawdownCurrent decline from peak | -1.49% | 0.00% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -11.15% | +6.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 2.02% | -1.00% |
Volatility
IMBS.L vs. SWDA.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF USD (Dist) (IMBS.L) is 1.37%, while iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) has a volatility of 2.88%. This indicates that IMBS.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.
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Volatility by Period
| IMBS.L | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 2.88% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.22% | 9.14% | -4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 11.74% | -5.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.77% | 15.34% | -7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 15.69% | -9.34% |
IMBS.L vs. SWDA.L - Expense Ratio Comparison
IMBS.L has a 0.28% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
IMBS.L vs. SWDA.L - Dividend Comparison
IMBS.L's dividend yield for the trailing twelve months is around 3.74%, while SWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IMBS.L iShares US Mortgage Backed Securities UCITS ETF USD (Dist) | 3.74% | 3.58% | 3.55% | 3.23% | 2.42% | 2.24% | 2.56% | 2.99% | 3.04% | 2.89% | 1.53% |
SWDA.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% |
Frequently Asked Questions
IMBS.L and SWDA.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.28% for IMBS.L.
IMBS.L tracks iShares US Mortgage Backed Securities UCITS ETF USD (Dist), while SWDA.L tracks MSCI World Index. Their fees differ too: 0.28% for IMBS.L and 0.20% for SWDA.L.
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