IPOL.L vs. IWDA.L
IPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IPOL.L tracks the iShares MSCI Poland UCITS ETF USD (Acc) while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IPOL.L returned 9.83%/yr vs 12.99%/yr for IWDA.L. A 0.57 correlation means they provide meaningful diversification when combined. IPOL.L charges 0.74%/yr vs 0.20%/yr for IWDA.L.
Performance
IPOL.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IPOL.L achieves a 17.14% return, which is significantly higher than IWDA.L's 10.17% return. Over the past 10 years, IPOL.L has underperformed IWDA.L with an annualized return of 9.83%, while IWDA.L has yielded a comparatively higher 12.99% annualized return.
IPOL.L
- 1D
- 0.73%
- 1M
- 1.61%
- 6M
- 14.43%
- YTD
- 17.14%
- 1Y
- 35.57%
- 3Y*
- 29.42%
- 5Y*
- 15.25%
- 10Y*
- 9.83%
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
IPOL.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPOL.L iShares MSCI Poland UCITS ETF USD (Acc) | 17.14% | 72.75% | -6.10% | 49.20% | -26.61% | 6.83% | -11.21% | -6.81% | -12.61% | 54.17% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between IPOL.L and IWDA.L is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2011 | 0.57 |
The correlation between IPOL.L and IWDA.L has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.
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Return for Risk
IPOL.L vs. IWDA.L — Risk / Return Rank
IPOL.L
IWDA.L
IPOL.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| IPOL.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.64 | +0.65 |
| Martin ratioReturn relative to average drawdown | 7.57 | 10.75 | -3.19 |
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Drawdowns
IPOL.L vs. IWDA.L - Drawdown Comparison
The maximum IPOL.L drawdown since its inception was -68.05%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IPOL.L and IWDA.L.
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Drawdown Indicators
| IPOL.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.05% | -34.11% | -33.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.48% | -8.31% | -2.17% |
Max Drawdown (3Y)Largest decline over 3 years | -22.43% | -16.94% | -5.49% |
Max Drawdown (5Y)Largest decline over 5 years | -55.92% | -25.88% | -30.04% |
Max Drawdown (10Y)Largest decline over 10 years | -65.79% | -34.11% | -31.68% |
Current DrawdownCurrent decline from peak | -0.97% | -0.12% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -29.58% | -4.39% | -25.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 2.04% | +2.52% |
Volatility
IPOL.L vs. IWDA.L - Volatility Comparison
iShares MSCI Poland UCITS ETF USD (Acc) (IPOL.L) has a higher volatility of 6.25% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.72%. This indicates that IPOL.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPOL.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.25% | 2.72% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.47% | 9.80% | +9.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.80% | 12.26% | +12.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.16% | 15.73% | +14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.41% | 15.78% | +11.63% |
IPOL.L vs. IWDA.L - Expense Ratio Comparison
IPOL.L has a 0.74% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
IPOL.L vs. IWDA.L - Dividend Comparison
Neither IPOL.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IPOL.L and IWDA.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.74% for IPOL.L.
IPOL.L tracks iShares MSCI Poland UCITS ETF USD (Acc), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.74% for IPOL.L and 0.20% for IWDA.L.
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