IRCP.L vs. IWDA.L
IRCP.L (iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IRCP.L is a Global Bonds fund tracking the iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist), while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IRCP.L returned 1.58%/yr vs 12.55%/yr for IWDA.L. At a 0.41 correlation, their price movements are largely independent. IRCP.L charges 0.25%/yr vs 0.20%/yr for IWDA.L.
Performance
IRCP.L vs. IWDA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IRCP.L is traded in EUR, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IRCP.L achieves a 1.46% return, which is significantly lower than IWDA.L's 12.82% return. Over the past 10 years, IRCP.L has underperformed IWDA.L with an annualized return of 1.58%, while IWDA.L has yielded a comparatively higher 12.55% annualized return.
IRCP.L
- 1D
- 0.04%
- 1M
- 0.05%
- 6M
- 1.47%
- YTD
- 1.46%
- 1Y
- 3.00%
- 3Y*
- 5.19%
- 5Y*
- 2.73%
- 10Y*
- 1.58%
IWDA.L
- 1D
- -0.28%
- 1M
- 1.24%
- 6M
- 10.66%
- YTD
- 12.82%
- 1Y
- 23.38%
- 3Y*
- 18.02%
- 5Y*
- 12.24%
- 10Y*
- 12.55%
IRCP.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 1.46% | 4.21% | 6.47% | 5.14% | -2.74% | -0.24% | 0.84% | 4.00% | -3.63% | 1.46% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 12.82% | 6.67% | 26.97% | 20.54% | -13.04% | 31.33% | 6.49% | 30.00% | -4.74% | 7.67% |
Correlation
The correlation between IRCP.L and IWDA.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2012 | 0.41 |
Over the past year, the correlation between IRCP.L and IWDA.L has dropped to 0.15 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IRCP.L vs. IWDA.L — Risk / Return Rank
IRCP.L
IWDA.L
IRCP.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.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.
| IRCP.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 3.65 | -0.62 |
| Martin ratioReturn relative to average drawdown | 12.47 | 13.55 | -1.08 |
Loading charts...
Drawdowns
IRCP.L vs. IWDA.L - Drawdown Comparison
The maximum IRCP.L drawdown since its inception was -14.44%, smaller than the maximum IWDA.L drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for IRCP.L and IWDA.L.
Loading charts...
Drawdown Indicators
| IRCP.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.44% | -33.57% | +19.13% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -6.37% | +5.34% |
Max Drawdown (3Y)Largest decline over 3 years | -1.96% | -20.70% | +18.74% |
Max Drawdown (5Y)Largest decline over 5 years | -7.09% | -20.70% | +13.61% |
Max Drawdown (10Y)Largest decline over 10 years | -14.44% | -33.57% | +19.13% |
Current DrawdownCurrent decline from peak | -0.16% | -0.45% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -1.31% | -4.29% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.25% | 1.72% | -1.47% |
Volatility
IRCP.L vs. IWDA.L - Volatility Comparison
The current volatility for iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) is 0.63%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 2.71%. This indicates that IRCP.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IRCP.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.63% | 2.71% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.45% | 9.41% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 12.32% | -9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.97% | 15.06% | -12.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 15.80% | -12.01% |
IRCP.L vs. IWDA.L - Expense Ratio Comparison
IRCP.L has a 0.25% expense ratio, which is higher than IWDA.L's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IRCP.L vs. IWDA.L - Dividend Comparison
IRCP.L's dividend yield for the trailing twelve months is around 2.58%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IRCP.L iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) | 2.58% | 2.91% | 3.70% | 2.52% | 0.43% | 0.70% | 0.82% | 0.92% | 0.58% | 0.71% | 1.35% | 1.47% |
IWDA.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
IRCP.L and IWDA.L have a correlation of 0.15, 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 0.25% for IRCP.L.
IRCP.L is categorized as Global Bonds, while IWDA.L is Global Equities. IRCP.L tracks iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.25% for IRCP.L and 0.20% for IWDA.L.
Find the right allocation for IRCP.L and IWDA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer