INRA.AS vs. IWDA.AS

Last updated Jun 5, 2026

INRA.AS (iShares Global Clean Energy Transition UCITS ETF USD Accumulating) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - INRA.AS is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Transition, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 3 years, INRA.AS returned 8.13%/yr vs 20.74%/yr for IWDA.AS. A 0.54 correlation means they provide meaningful diversification when combined. INRA.AS charges 0.65%/yr vs 0.20%/yr for IWDA.AS.

Performance

INRA.AS vs. IWDA.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

INRA.AS is traded in USD, while IWDA.AS is traded in EUR. To make them comparable, the IWDA.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, INRA.AS achieves a 38.49% return, which is significantly higher than IWDA.AS's 9.81% return.

INRA.AS

• 1D: -1.95%
• 1M: 7.70%
• YTD: 38.49%
• 6M: 36.79%
• 1Y: 80.34%
• 3Y*: 8.13%
• 5Y*: —
• 10Y*: —

IWDA.AS

• 1D: 0.09%
• 1M: 4.07%
• YTD: 9.81%
• 6M: 11.01%
• 1Y: 25.92%
• 3Y*: 20.74%
• 5Y*: 11.84%
• 10Y*: 13.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INRA.AS vs. IWDA.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
INRA.AS iShares Global Clean Energy Transition UCITS ETF USD Accumulating	38.49%	45.54%	-25.57%	-20.66%	-0.42%
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc)	9.81%	21.46%	19.36%	23.68%	-11.08%

Correlation

The correlation between INRA.AS and IWDA.AS is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 3, 2022	0.54

The correlation between INRA.AS and IWDA.AS has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.

Return for Risk

INRA.AS vs. IWDA.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INRA.AS

INRA.AS Risk / Return Rank: 89
INRA.AS Sharpe Ratio Rank: 91
INRA.AS Sortino Ratio Rank: 89
INRA.AS Omega Ratio Rank: 82
INRA.AS Calmar Ratio Rank: 94
INRA.AS Martin Ratio Rank: 91

IWDA.AS

IWDA.AS Risk / Return Rank: 71
IWDA.AS Sharpe Ratio Rank: 66
IWDA.AS Sortino Ratio Rank: 67
IWDA.AS Omega Ratio Rank: 69
IWDA.AS Calmar Ratio Rank: 74
IWDA.AS Martin Ratio Rank: 77

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.

INRA.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.

	INRA.AS	IWDA.AS	Difference
Sharpe ratio: Return per unit of total volatility	3.13	2.22	+0.90
Sortino ratio: Return per unit of downside risk	4.06	3.28	+0.78
Omega ratio: Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	6.97	3.05	+3.92
Martin ratio: Return relative to average drawdown	21.66	13.17	+8.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INRA.AS vs. IWDA.AS - Sharpe Ratio Comparison

The current INRA.AS Sharpe Ratio is 3.13, which is higher than the IWDA.AS Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of INRA.AS and IWDA.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INRA.AS	IWDA.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.13	2.22	+0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.68	-0.53

Drawdowns

INRA.AS vs. IWDA.AS - Drawdown Comparison

The maximum INRA.AS drawdown since its inception was -54.31%, which is greater than IWDA.AS's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for INRA.AS and IWDA.AS.

Drawdown Indicators

	INRA.AS	IWDA.AS	Difference
Max Drawdown Largest peak-to-trough decline	-54.31%	-34.11%	-20.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.34%	-8.39%	-2.95%
Max Drawdown (3Y) Largest decline over 3 years	-43.81%	-17.83%	-25.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.11%	—
Current Drawdown Current decline from peak	-2.87%	-0.49%	-2.38%
Average Drawdown Average peak-to-trough decline	-29.12%	-4.64%	-24.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	1.95%	+1.72%

Volatility

INRA.AS vs. IWDA.AS - Volatility Comparison

iShares Global Clean Energy Transition UCITS ETF USD Accumulating (INRA.AS) has a higher volatility of 9.96% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.94%. This indicates that INRA.AS's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INRA.AS	IWDA.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.96%	2.94%	+7.02%
Volatility (6M) Calculated over the trailing 6-month period	19.11%	8.59%	+10.52%
Volatility (1Y) Calculated over the trailing 1-year period	25.31%	11.51%	+13.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.82%	15.47%	+11.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.82%	15.80%	+11.02%

INRA.AS vs. IWDA.AS - Expense Ratio Comparison

INRA.AS has a 0.65% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio.

Dividends

INRA.AS vs. IWDA.AS - Dividend Comparison

Neither INRA.AS nor IWDA.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both INRA.AS and IWDA.AS in my portfolio?

INRA.AS and IWDA.AS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, INRA.AS or IWDA.AS?

On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, INRA.AS or IWDA.AS?

IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.65% for INRA.AS.

What is the main difference between INRA.AS and IWDA.AS?

INRA.AS is categorized as Alternative Energy Equities, while IWDA.AS is Global Equities. INRA.AS tracks S&P Global Clean Energy Transition, while IWDA.AS tracks MSCI World Index. Their fees differ too: 0.65% for INRA.AS and 0.20% for IWDA.AS.