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INFR.L vs. SWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

INFR.L vs. SWDA.L

Last updated Jun 5, 2026

INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, INFR.L returned 8.66%/yr vs 13.91%/yr for SWDA.L. A 0.61 correlation means they provide meaningful diversification when combined. INFR.L charges 0.65%/yr vs 0.20%/yr for SWDA.L.

Performance

INFR.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, INFR.L achieves a 9.52% return, which is significantly lower than SWDA.L's 10.08% return. Over the past 10 years, INFR.L has underperformed SWDA.L with an annualized return of 8.66%, while SWDA.L has yielded a comparatively higher 13.91% annualized return.

INFR.L

1D
-1.24%
1M
-2.23%
YTD
9.52%
6M
8.44%
1Y
16.29%
3Y*
9.33%
5Y*
7.61%
10Y*
8.66%

SWDA.L

1D
0.15%
1M
5.12%
YTD
10.08%
6M
10.35%
1Y
27.25%
3Y*
17.68%
5Y*
13.06%
10Y*
13.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

INFR.L vs. SWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
INFR.L
iShares Global Infrastructure UCITS ETF USD (Dist)		9.52%5.90%11.49%-4.96%5.77%19.54%-4.70%20.82%4.39%5.41%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.08%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%

Correlation

The correlation between INFR.L and SWDA.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.12

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

0.33

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

0.46

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

0.61

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2009

0.61

Over the past year, the correlation between INFR.L and SWDA.L has dropped to 0.12 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

INFR.L vs. SWDA.L - Sectors Allocation Comparison

Sectors
INFR.L
SWDA.L

Utilities

56.0%
2.5%

Industrials

20.8%
10.9%

Energy

16.4%
4.2%

Real Estate

5.0%
1.8%

Communication Services

1.0%
9.2%

Technology

0.7%
30.0%

Financial Services

0.0%
15.4%

Basic Materials

-

3.2%

Consumer Cyclical

-

9.0%

Consumer Defensive

-

5.2%

Healthcare

-

8.7%

Utilities

INFR.L
56.0%
SWDA.L
2.5%

Industrials

INFR.L
20.8%
SWDA.L
10.9%

Energy

INFR.L
16.4%
SWDA.L
4.2%

Real Estate

INFR.L
5.0%
SWDA.L
1.8%

Communication Services

INFR.L
1.0%
SWDA.L
9.2%

Technology

INFR.L
0.7%
SWDA.L
30.0%

Financial Services

INFR.L
0.0%
SWDA.L
15.4%

Basic Materials

INFR.L

-

SWDA.L
3.2%

Consumer Cyclical

INFR.L

-

SWDA.L
9.0%

Consumer Defensive

INFR.L

-

SWDA.L
5.2%

Healthcare

INFR.L

-

SWDA.L
8.7%

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iShares Global Infrastructure UCITS ETF USD (Dist)

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with INFR.L:
INFR.L vs. DPGT.LINFR.L vs. IUIT.LINFR.L vs. IWDA.LINFR.L vs. ARCK.LINFR.L vs. FWRG.LINFR.L vs. IDWR.LINFR.L vs. WUTI.L
Often compared with SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

INFR.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
INFR.L
INFR.L Risk / Return Rank: 4949
Overall Rank
INFR.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
INFR.L Sortino Ratio Rank: 4444
Sortino Ratio Rank
INFR.L Omega Ratio Rank: 4242
Omega Ratio Rank
INFR.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
INFR.L Martin Ratio Rank: 4848
Martin Ratio Rank
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
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.

INFR.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.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.

INFR.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.55
2.66

-1.12

Sortino ratioReturn per unit of downside risk
2.19
3.69

-1.50

Omega ratioGain probability vs. loss probability

1.27

1.51

-0.24

Calmar ratioReturn relative to maximum drawdown

3.13

4.14

-1.01

Martin ratioReturn relative to average drawdown

7.96

16.55

-8.60

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

INFR.L vs. SWDA.L - Sharpe Ratio Comparison

The current INFR.L Sharpe Ratio is 1.55, which is lower than the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of INFR.L and SWDA.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

INFR.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.55

2.66

-1.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.98

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.61

0.96

-0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.88

-0.37

Drawdowns

INFR.L vs. SWDA.L - Drawdown Comparison

The maximum INFR.L drawdown since its inception was -34.25%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for INFR.L and SWDA.L.

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Drawdown Indicators

INFR.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.25%

-25.58%

-8.67%

Max Drawdown (1Y)

Largest decline over 1 year

-5.19%

-6.55%

+1.36%

Max Drawdown (3Y)

Largest decline over 3 years

-11.08%

-18.50%

+7.42%

Max Drawdown (5Y)

Largest decline over 5 years

-22.87%

-18.50%

-4.37%

Max Drawdown (10Y)

Largest decline over 10 years

-26.75%

-25.58%

-1.17%

Current Drawdown

Current decline from peak

-3.70%

-0.10%

-3.60%

Average Drawdown

Average peak-to-trough decline

-6.12%

-3.49%

-2.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

1.64%

+0.40%

Volatility

INFR.L vs. SWDA.L - Volatility Comparison

iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) has a higher volatility of 3.92% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that INFR.L's price experiences larger fluctuations and is considered to be riskier 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

INFR.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

2.52%

+1.40%

Volatility (6M)

Calculated over the trailing 6-month period

8.92%

7.29%

+1.63%

Volatility (1Y)

Calculated over the trailing 1-year period

10.49%

10.19%

+0.30%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.26%

13.30%

-1.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.10%

14.50%

-0.40%

INFR.L vs. SWDA.L - Expense Ratio Comparison

INFR.L has a 0.65% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

INFR.L vs. SWDA.L - Dividend Comparison

INFR.L's dividend yield for the trailing twelve months is around 2.82%, while SWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
INFR.L
iShares Global Infrastructure UCITS ETF USD (Dist)		2.82%2.97%2.96%3.02%2.54%2.60%2.84%2.70%2.99%3.51%3.45%4.75%
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%0.00%

Frequently Asked Questions

INFR.L and SWDA.L have a correlation of 0.12, 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 0.65% for INFR.L.

INFR.L is categorized as Utilities Equities, while SWDA.L is Global Equities. INFR.L tracks FTSE Global Core Infrastructure Index, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.65% for INFR.L and 0.20% for SWDA.L.

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