INAA.L vs. PACW.L
INAA.L (iShares MSCI North America UCITS) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both exchange-traded funds - INAA.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while PACW.L is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, INAA.L returned 28.60% vs 30.29% for PACW.L. Their correlation of 0.95 suggests significant overlap in exposure. INAA.L charges 0.40%/yr vs 0.07%/yr for PACW.L.
Performance
INAA.L vs. PACW.L - Performance Comparison
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Different Trading Currencies
INAA.L is traded in GBp, while PACW.L is traded in GBP. To make them comparable, the PACW.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, INAA.L achieves a 10.28% return, which is significantly lower than PACW.L's 11.92% return.
INAA.L
- 1D
- 0.05%
- 1M
- 5.57%
- YTD
- 10.28%
- 6M
- 10.24%
- 1Y
- 28.60%
- 3Y*
- 18.80%
- 5Y*
- 14.13%
- 10Y*
- 15.50%
PACW.L
- 1D
- -0.04%
- 1M
- 5.24%
- YTD
- 11.92%
- 6M
- 12.31%
- 1Y
- 30.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
INAA.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INAA.L iShares MSCI North America UCITS | 10.28% | 6.50% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.92% | 9.58% |
Correlation
The correlation between INAA.L and PACW.L is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.95 |
The correlation between INAA.L and PACW.L has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
INAA.L vs. PACW.L — Risk / Return Rank
INAA.L
PACW.L
INAA.L vs. PACW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS (INAA.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.
| INAA.L | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.55 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 4.27 | -0.34 |
| Martin ratioReturn relative to average drawdown | 14.18 | 17.43 | -3.25 |
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
| INAA.L | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.89 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.24 | -0.50 |
Drawdowns
INAA.L vs. PACW.L - Drawdown Comparison
The maximum INAA.L drawdown since its inception was -35.35%, 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 INAA.L and PACW.L.
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Drawdown Indicators
| INAA.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -17.68% | -17.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.24% | -7.06% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.20% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -26.15% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.46% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -3.02% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.73% | +0.28% |
Volatility
INAA.L vs. PACW.L - Volatility Comparison
The current volatility for iShares MSCI North America UCITS (INAA.L) is 2.63%, while Amundi Prime All Country World UCITS ETF Income (PACW.L) has a volatility of 2.93%. This indicates that INAA.L experiences smaller price fluctuations and is considered to be less risky 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
| INAA.L | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.93% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 7.75% | -0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 10.42% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 13.91% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 13.91% | +1.72% |
INAA.L vs. PACW.L - Expense Ratio Comparison
INAA.L has a 0.40% expense ratio, which is higher than PACW.L's 0.07% expense ratio.
Dividends
INAA.L vs. PACW.L - Dividend Comparison
INAA.L's dividend yield for the trailing twelve months is around 0.61%, less than PACW.L's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INAA.L iShares MSCI North America UCITS | 0.61% | 0.66% | 0.76% | 0.98% | 1.11% | 0.74% | 1.09% | 1.26% | 1.40% | 1.32% | 1.30% | 1.51% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% | 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
With a correlation of 0.94, INAA.L and PACW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.40% for INAA.L.
INAA.L is categorized as Large Cap Blend Equities, while PACW.L is Global Equities. INAA.L tracks Russell 1000 TR USD, 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: 0.40% for INAA.L and 0.07% for PACW.L.
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