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IS15.L vs. IWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IS15.L vs. IWDA.L

Last updated Jun 6, 2026

IS15.L (iShares GBP Corporate Bond 0-5yr UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IS15.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IS15.L returned 2.28%/yr vs 13.84%/yr for IWDA.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

IS15.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IS15.L is traded in GBP, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, IS15.L achieves a 0.68% return, which is significantly lower than IWDA.L's 9.65% return. Over the past 10 years, IS15.L has underperformed IWDA.L with an annualized return of 2.28%, while IWDA.L has yielded a comparatively higher 13.84% annualized return.

IS15.L

1D
-0.04%
1M
0.65%
YTD
0.68%
6M
1.18%
1Y
4.47%
3Y*
6.18%
5Y*
2.34%
10Y*
2.28%

IWDA.L

1D
-0.54%
1M
3.17%
YTD
9.65%
6M
9.45%
1Y
26.38%
3Y*
17.50%
5Y*
12.93%
10Y*
13.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IS15.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IS15.L
iShares GBP Corporate Bond 0-5yr UCITS ETF		0.68%6.24%4.89%7.16%-6.09%-0.84%3.38%4.54%-0.48%1.76%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.65%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%-3.62%12.14%

Correlation

The correlation between IS15.L and IWDA.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.23

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

0.19

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

0.17

Correlation (All Time)
Calculated using the full available price history since Mar 31, 2011

0.11

The correlation between IS15.L and IWDA.L shifts across timeframes, from 0.11 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

IS15.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
IS15.L
IWDA.L

Financial Services

28.6%
14.9%

Industrials

25.2%
9.7%

Consumer Cyclical

17.6%
8.8%

Consumer Defensive

8.5%
4.8%

Real Estate

6.0%
1.2%

Technology

5.9%
32.9%

Communication Services

3.9%
9.3%

Basic Materials

2.8%
2.8%

Utilities

1.5%
2.4%

Energy

-

3.9%

Healthcare

-

8.6%

Financial Services

IS15.L
28.6%
IWDA.L
14.9%

Industrials

IS15.L
25.2%
IWDA.L
9.7%

Consumer Cyclical

IS15.L
17.6%
IWDA.L
8.8%

Consumer Defensive

IS15.L
8.5%
IWDA.L
4.8%

Real Estate

IS15.L
6.0%
IWDA.L
1.2%

Technology

IS15.L
5.9%
IWDA.L
32.9%

Communication Services

IS15.L
3.9%
IWDA.L
9.3%

Basic Materials

IS15.L
2.8%
IWDA.L
2.8%

Utilities

IS15.L
1.5%
IWDA.L
2.4%

Energy

IS15.L

-

IWDA.L
3.9%

Healthcare

IS15.L

-

IWDA.L
8.6%

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iShares GBP Corporate Bond 0-5yr UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with IS15.L:
IS15.L vs. ERNS.LIS15.L vs. GHYS.LIS15.L vs. SWDA.LIS15.L vs. IGLS.LIS15.L vs. IEAA.LIS15.L vs. SUSS.LIS15.L vs. SSAC.L
Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

IS15.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IS15.L
IS15.L Risk / Return Rank: 5858
Overall Rank
IS15.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
IS15.L Sortino Ratio Rank: 5858
Sortino Ratio Rank
IS15.L Omega Ratio Rank: 6767
Omega Ratio Rank
IS15.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IS15.L Martin Ratio Rank: 5555
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6666
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7171
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.

IS15.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.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.

IS15.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.73
2.26

-0.53

Sortino ratioReturn per unit of downside risk
2.51
3.15

-0.65

Omega ratioGain probability vs. loss probability

1.36

1.42

-0.06

Calmar ratioReturn relative to maximum drawdown

2.30

4.12

-1.82

Martin ratioReturn relative to average drawdown

8.85

15.52

-6.67

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

IS15.L vs. IWDA.L - Sharpe Ratio Comparison

The current IS15.L Sharpe Ratio is 1.73, which is comparable to the IWDA.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of IS15.L and IWDA.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

IS15.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.73

2.26

-0.53

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.89

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.89

-0.16

Sharpe Ratio (All Time)

Calculated using the full available price history

1.00

0.78

+0.23

Drawdowns

IS15.L vs. IWDA.L - Drawdown Comparison

The maximum IS15.L drawdown since its inception was -12.18%, smaller than the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IS15.L and IWDA.L.

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Drawdown Indicators

IS15.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-12.18%

-26.18%

+14.00%

Max Drawdown (1Y)

Largest decline over 1 year

-1.94%

-6.37%

+4.43%

Max Drawdown (3Y)

Largest decline over 3 years

-1.94%

-18.91%

+16.97%

Max Drawdown (5Y)

Largest decline over 5 years

-12.18%

-18.91%

+6.73%

Max Drawdown (10Y)

Largest decline over 10 years

-12.18%

-26.18%

+14.00%

Current Drawdown

Current decline from peak

-0.22%

-0.64%

+0.42%

Average Drawdown

Average peak-to-trough decline

-1.12%

-3.52%

+2.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.50%

1.70%

-1.20%

Volatility

IS15.L vs. IWDA.L - Volatility Comparison

The current volatility for iShares GBP Corporate Bond 0-5yr UCITS ETF (IS15.L) is 0.98%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.32%. This indicates that IS15.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.

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Volatility by Period

IS15.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.98%

3.32%

-2.34%

Volatility (6M)

Calculated over the trailing 6-month period

2.33%

8.85%

-6.52%

Volatility (1Y)

Calculated over the trailing 1-year period

2.58%

11.62%

-9.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

3.30%

14.48%

-11.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3.13%

15.50%

-12.37%

IS15.L vs. IWDA.L - Expense Ratio Comparison

Both IS15.L and IWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IS15.L vs. IWDA.L - Dividend Comparison

IS15.L's dividend yield for the trailing twelve months is around 4.54%, while IWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IS15.L
iShares GBP Corporate Bond 0-5yr UCITS ETF		4.54%4.35%4.06%3.05%1.80%1.72%1.81%2.03%2.08%2.15%2.55%2.91%
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

IS15.L and IWDA.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

IS15.L and IWDA.L have the same expense ratio: 0.20% per year.

IS15.L is categorized as European Corporate Bonds, while IWDA.L is Global Equities. IS15.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while IWDA.L tracks MSCI World Index (Net).

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