ISAG.L vs. IWDA.L
ISAG.L (iShares Agribusiness UCITS ETF USD (Acc)) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - ISAG.L tracks the iShares Agribusiness UCITS ETF USD (Acc) while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 10 years, ISAG.L returned 7.24%/yr vs 12.99%/yr for IWDA.L. A 0.68 correlation means they provide meaningful diversification when combined. ISAG.L charges 0.55%/yr vs 0.20%/yr for IWDA.L.
Performance
ISAG.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, ISAG.L achieves a 11.78% return, which is significantly higher than IWDA.L's 10.17% return. Over the past 10 years, ISAG.L has underperformed IWDA.L with an annualized return of 7.24%, while IWDA.L has yielded a comparatively higher 12.99% annualized return.
ISAG.L
- 1D
- 0.72%
- 1M
- 1.26%
- 6M
- 5.61%
- YTD
- 11.78%
- 1Y
- 14.56%
- 3Y*
- 5.53%
- 5Y*
- 4.56%
- 10Y*
- 7.24%
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%
ISAG.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISAG.L iShares Agribusiness UCITS ETF USD (Acc) | 11.78% | 16.78% | -5.66% | -8.90% | 2.73% | 23.33% | 10.28% | 17.65% | -12.99% | 19.93% |
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 ISAG.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 | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.68 |
Over the past year, the correlation between ISAG.L and IWDA.L has dropped to 0.29 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
ISAG.L vs. IWDA.L — Risk / Return Rank
ISAG.L
IWDA.L
ISAG.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Agribusiness UCITS ETF USD (Acc) (ISAG.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.
| ISAG.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.32 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.64 | -1.09 |
| Martin ratioReturn relative to average drawdown | 4.36 | 10.75 | -6.39 |
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Drawdowns
ISAG.L vs. IWDA.L - Drawdown Comparison
The maximum ISAG.L drawdown since its inception was -37.16%, 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 ISAG.L and IWDA.L.
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Drawdown Indicators
| ISAG.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -34.11% | -3.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.17% | -8.31% | -1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -19.13% | -16.94% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -33.22% | -25.88% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -34.11% | -3.05% |
Current DrawdownCurrent decline from peak | -7.20% | -0.12% | -7.08% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -4.39% | -5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.62% | 2.04% | +1.58% |
Volatility
ISAG.L vs. IWDA.L - Volatility Comparison
iShares Agribusiness UCITS ETF USD (Acc) (ISAG.L) has a higher volatility of 2.94% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.72%. This indicates that ISAG.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
| ISAG.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.94% | 2.72% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 10.25% | 9.80% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 12.26% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 15.73% | +1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 15.78% | +2.06% |
ISAG.L vs. IWDA.L - Expense Ratio Comparison
ISAG.L has a 0.55% expense ratio, which is higher than IWDA.L's 0.20% expense ratio.
Dividends
ISAG.L vs. IWDA.L - Dividend Comparison
Neither ISAG.L nor IWDA.L has paid dividends to shareholders.
Frequently Asked Questions
ISAG.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.
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 0.55% for ISAG.L.
ISAG.L tracks iShares Agribusiness UCITS ETF USD (Acc), while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.55% for ISAG.L and 0.20% for IWDA.L.
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