IS3R.DE vs. SWDA.L
IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IS3R.DE returned 15.43%/yr vs 12.81%/yr for SWDA.L. Their correlation of 0.81 suggests significant overlap in exposure. IS3R.DE charges 0.25%/yr vs 0.20%/yr for SWDA.L.
Performance
IS3R.DE vs. SWDA.L - Performance Comparison
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Different Trading Currencies
IS3R.DE is traded in EUR, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS3R.DE achieves a 23.73% return, which is significantly higher than SWDA.L's 8.47% return. Over the past 10 years, IS3R.DE has outperformed SWDA.L with an annualized return of 15.43%, while SWDA.L has yielded a comparatively lower 12.81% annualized return.
IS3R.DE
- 1D
- 3.45%
- 1M
- 5.00%
- YTD
- 23.73%
- 6M
- 26.24%
- 1Y
- 35.20%
- 3Y*
- 25.94%
- 5Y*
- 14.78%
- 10Y*
- 15.43%
SWDA.L
- 1D
- 0.00%
- 1M
- 0.50%
- YTD
- 8.47%
- 6M
- 9.63%
- 1Y
- 21.46%
- 3Y*
- 16.16%
- 5Y*
- 12.15%
- 10Y*
- 12.81%
IS3R.DE vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 23.73% | 8.37% | 37.95% | 8.09% | -13.60% | 24.52% | 16.42% | 31.46% | 0.29% | 16.07% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.01% | 6.76% | 26.95% | 20.08% | -13.06% | 31.68% | 6.15% | 30.86% | -4.97% | 7.38% |
Correlation
The correlation between IS3R.DE and SWDA.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2014 | 0.81 |
The correlation between IS3R.DE and SWDA.L has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
IS3R.DE vs. SWDA.L — Risk / Return Rank
IS3R.DE
SWDA.L
IS3R.DE vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.
| IS3R.DE | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.36 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 3.27 | +0.62 |
| Martin ratioReturn relative to average drawdown | 14.75 | 13.21 | +1.54 |
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Drawdowns
IS3R.DE vs. SWDA.L - Drawdown Comparison
The maximum IS3R.DE drawdown since its inception was -30.76%, smaller than the maximum SWDA.L drawdown of -41.36%. Use the drawdown chart below to compare losses from any high point for IS3R.DE and SWDA.L.
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Drawdown Indicators
| IS3R.DE | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.76% | -41.36% | +10.60% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -6.53% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -20.55% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.57% | -20.55% | -3.02% |
Max Drawdown (10Y)Largest decline over 10 years | -30.76% | -33.00% | +2.24% |
Current DrawdownCurrent decline from peak | -0.02% | -2.61% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -8.78% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.62% | +0.76% |
Volatility
IS3R.DE vs. SWDA.L - Volatility Comparison
iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) has a higher volatility of 6.79% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.47%. This indicates that IS3R.DE's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3R.DE | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 2.47% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 7.74% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 11.00% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 14.09% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 15.24% | +2.85% |
IS3R.DE vs. SWDA.L - Expense Ratio Comparison
IS3R.DE has a 0.25% expense ratio, which is higher than SWDA.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
IS3R.DE vs. SWDA.L - Dividend Comparison
Neither IS3R.DE nor SWDA.L has paid dividends to shareholders.
Frequently Asked Questions
IS3R.DE and SWDA.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IS3R.DE.
IS3R.DE is categorized as Momentum, while SWDA.L is Global Equities. IS3R.DE tracks MSCI World Momentum Index, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.25% for IS3R.DE and 0.20% for SWDA.L.
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