IRSA.L vs. IWDA.L
IRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IRSA.L returned 6.54%/yr vs 12.99%/yr for IWDA.L. A 0.58 correlation means they provide meaningful diversification when combined. IRSA.L charges 0.65%/yr vs 0.20%/yr for IWDA.L.
Performance
IRSA.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IRSA.L achieves a -4.47% return, which is significantly lower than IWDA.L's 10.17% return. Over the past 10 years, IRSA.L has underperformed IWDA.L with an annualized return of 6.54%, while IWDA.L has yielded a comparatively higher 12.99% annualized return.
IRSA.L
- 1D
- 1.35%
- 1M
- -4.91%
- 6M
- -10.54%
- YTD
- -4.47%
- 1Y
- 32.37%
- 3Y*
- 21.89%
- 5Y*
- 10.90%
- 10Y*
- 6.54%
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%
IRSA.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.47% | 76.74% | 7.84% | 0.20% | -3.75% | 3.99% | -2.70% | 8.62% | -24.11% | 34.90% |
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 IRSA.L and IWDA.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2010 | 0.58 |
The correlation between IRSA.L and IWDA.L has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
IRSA.L vs. IWDA.L — Risk / Return Rank
IRSA.L
IWDA.L
IRSA.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.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.
| IRSA.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.64 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.95 | 10.75 | -7.80 |
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Drawdowns
IRSA.L vs. IWDA.L - Drawdown Comparison
The maximum IRSA.L drawdown since its inception was -61.84%, 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 IRSA.L and IWDA.L.
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Drawdown Indicators
| IRSA.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.84% | -34.11% | -27.73% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -8.31% | -14.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -16.94% | -5.93% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -25.88% | -8.56% |
Max Drawdown (10Y)Largest decline over 10 years | -61.84% | -34.11% | -27.73% |
Current DrawdownCurrent decline from peak | -19.50% | -0.12% | -19.38% |
Average DrawdownAverage peak-to-trough decline | -17.86% | -4.39% | -13.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 2.04% | +8.64% |
Volatility
IRSA.L vs. IWDA.L - Volatility Comparison
iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) has a higher volatility of 7.83% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.72%. This indicates that IRSA.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
| IRSA.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 2.72% | +5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 9.80% | +17.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.59% | 12.26% | +20.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 15.73% | +12.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.78% | 15.78% | +14.00% |
IRSA.L vs. IWDA.L - Expense Ratio Comparison
IRSA.L has a 0.65% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
IRSA.L vs. IWDA.L - Dividend Comparison
Neither IRSA.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IRSA.L and IWDA.L have a correlation of 0.64, 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 0.65% for IRSA.L.
IRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.65% for IRSA.L and 0.20% for IWDA.L.
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