ISDW.L vs. CAFG

Last updated Jun 5, 2026

ISDW.L (iShares MSCI World Islamic UCITS) and CAFG (Pacer US Small Cap Cash Cows Growth Leaders ETF) are both exchange-traded funds - ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index, while CAFG is a Small Cap Growth Equities fund tracking the Pacer US Small Cap Cash Cows Growth Leaders Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, ISDW.L returned 18.57%/yr vs 15.59%/yr for CAFG. At a 0.45 correlation, their price movements are largely independent. ISDW.L charges 0.30%/yr vs 0.59%/yr for CAFG.

Performance

ISDW.L vs. CAFG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Islamic UCITS (ISDW.L) and Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISDW.L achieves a 19.45% return, which is significantly lower than CAFG's 27.15% return.

ISDW.L

• 1D: -0.28%
• 1M: 8.36%
• YTD: 19.45%
• 6M: 20.58%
• 1Y: 36.72%
• 3Y*: 18.57%
• 5Y*: 12.01%
• 10Y*: 11.23%

CAFG

• 1D: 1.09%
• 1M: 2.66%
• YTD: 27.15%
• 6M: 25.89%
• 1Y: 32.91%
• 3Y*: 15.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISDW.L vs. CAFG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ISDW.L iShares MSCI World Islamic UCITS	19.45%	19.35%	5.72%	14.10%
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF	27.15%	0.17%	6.95%	20.44%

Correlation

The correlation between ISDW.L and CAFG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since May 3, 2023	0.45

ISDW.L vs. CAFG - Sectors Allocation Comparison

Sectors	ISDW.L	CAFG
Technology	43.8%	30.8%
Industrials	12.7%	19.3%
Energy	10.9%	13.4%
Healthcare	10.2%	18.8%
Basic Materials	9.6%	2.4%
Consumer Cyclical	7.1%	7.2%
Consumer Defensive	3.7%	3.0%
Utilities	1.0%	1.4%
Communication Services	0.4%	3.7%
Real Estate	0.2%	-
Financial Services	0.0%	-

Return for Risk

ISDW.L vs. CAFG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISDW.L

ISDW.L Risk / Return Rank: 86
ISDW.L Sharpe Ratio Rank: 86
ISDW.L Sortino Ratio Rank: 88
ISDW.L Omega Ratio Rank: 82
ISDW.L Calmar Ratio Rank: 89
ISDW.L Martin Ratio Rank: 87

CAFG

CAFG Risk / Return Rank: 64
CAFG Sharpe Ratio Rank: 57
CAFG Sortino Ratio Rank: 58
CAFG Omega Ratio Rank: 53
CAFG Calmar Ratio Rank: 80
CAFG Martin Ratio Rank: 71

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.

ISDW.L vs. CAFG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS (ISDW.L) and Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG). 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.

	ISDW.L	CAFG	Difference
Sharpe ratio: Return per unit of total volatility	2.82	1.90	+0.92
Sortino ratio: Return per unit of downside risk	3.94	2.72	+1.22
Omega ratio: Gain probability vs. loss probability	1.49	1.32	+0.16
Calmar ratio: Return relative to maximum drawdown	5.29	4.06	+1.23
Martin ratio: Return relative to average drawdown	18.43	13.23	+5.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISDW.L vs. CAFG - Sharpe Ratio Comparison

The current ISDW.L Sharpe Ratio is 2.82, which is higher than the CAFG Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of ISDW.L and CAFG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ISDW.L	CAFG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.82	1.90	+0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.89	-0.44

Drawdowns

ISDW.L vs. CAFG - Drawdown Comparison

The maximum ISDW.L drawdown since its inception was -44.87%, which is greater than CAFG's maximum drawdown of -23.66%. Use the drawdown chart below to compare losses from any high point for ISDW.L and CAFG.

Drawdown Indicators

	ISDW.L	CAFG	Difference
Max Drawdown Largest peak-to-trough decline	-44.87%	-23.66%	-21.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.91%	-8.13%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.20%	-23.66%	+5.46%
Max Drawdown (5Y) Largest decline over 5 years	-22.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.77%	—	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-5.26%	-5.52%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.49%	-0.50%

Volatility

ISDW.L vs. CAFG - Volatility Comparison

iShares MSCI World Islamic UCITS (ISDW.L) and Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG) have volatilities of 4.54% and 4.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ISDW.L	CAFG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	4.61%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	10.20%	12.78%	-2.58%
Volatility (1Y) Calculated over the trailing 1-year period	12.98%	17.40%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	19.57%	-3.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.67%	19.57%	-3.90%

ISDW.L vs. CAFG - Expense Ratio Comparison

ISDW.L has a 0.30% expense ratio, which is lower than CAFG's 0.59% expense ratio.

Dividends

ISDW.L vs. CAFG - Dividend Comparison

ISDW.L's dividend yield for the trailing twelve months is around 0.95%, more than CAFG's 0.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAFG Pacer US Small Cap Cash Cows Growth Leaders ETF	0.34%	0.35%	0.36%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ISDW.L iShares MSCI World Islamic UCITS	0.95%	1.11%	1.38%	1.56%	2.02%	1.47%	1.38%	1.80%	1.87%	1.54%	1.70%	1.77%

Frequently Asked Questions

Can I hold both ISDW.L and CAFG in my portfolio?

ISDW.L and CAFG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISDW.L or CAFG?

On fees, ISDW.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISDW.L or CAFG?

ISDW.L is cheaper with a 0.30% expense ratio, compared with 0.59% for CAFG.

What is the main difference between ISDW.L and CAFG?

ISDW.L is categorized as Global Equities, while CAFG is Small Cap Growth Equities. ISDW.L tracks MSCI World Islamic Index, while CAFG tracks Pacer US Small Cap Cash Cows Growth Leaders Index - Benchmark TR Gross. They also come from different issuers: iShares and Pacer. Their fees differ too: 0.30% for ISDW.L and 0.59% for CAFG.