ISDW.L vs. GIN.L
ISDW.L (iShares MSCI World Islamic UCITS) and GIN.L (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist) are both exchange-traded funds - ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index, while GIN.L is a Diversified Portfolio fund tracking the Morningstar EAA USD Mod Tgt Alloc NR USD. Both are passively managed. Over the past 10 years, ISDW.L returned 10.51%/yr vs 5.22%/yr for GIN.L. At a 0.46 correlation, their price movements are largely independent. ISDW.L charges 0.30%/yr vs 0.40%/yr for GIN.L.
Performance
ISDW.L vs. GIN.L - Performance Comparison
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Different Trading Currencies
ISDW.L is traded in USD, while GIN.L is traded in GBP. To make them comparable, the GIN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISDW.L achieves a 14.31% return, which is significantly higher than GIN.L's 5.13% return. Over the past 10 years, ISDW.L has outperformed GIN.L with an annualized return of 10.51%, while GIN.L has yielded a comparatively lower 5.22% annualized return.
ISDW.L
- 1D
- 1.39%
- 1M
- -2.40%
- 6M
- 11.73%
- YTD
- 14.31%
- 1Y
- 25.86%
- 3Y*
- 14.60%
- 5Y*
- 11.11%
- 10Y*
- 10.51%
- ALL TIME*
- 6.86%
GIN.L
- 1D
- -0.30%
- 1M
- 1.09%
- 6M
- 4.52%
- YTD
- 5.13%
- 1Y
- 10.46%
- 3Y*
- 8.38%
- 5Y*
- 2.96%
- 10Y*
- 5.22%
- ALL TIME*
- 1.43%
ISDW.L vs. GIN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISDW.L iShares MSCI World Islamic UCITS | 14.31% | 19.35% | 5.72% | 23.59% | -11.79% | 21.40% | 8.33% | 21.14% | -9.55% | 19.36% |
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist | 5.13% | 14.72% | 3.29% | 6.84% | -13.63% | 6.20% | 6.95% | 19.22% | -3.53% | 13.58% |
Correlation
The correlation between ISDW.L and GIN.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2015 | 0.46 |
The correlation between ISDW.L and GIN.L shifts across timeframes, from 0.26 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ISDW.L vs. GIN.L — Risk / Return Rank
ISDW.L
GIN.L
ISDW.L vs. GIN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS (ISDW.L) and SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.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.
| ISDW.L | GIN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.22 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 2.03 | +1.69 |
| Martin ratioReturn relative to average drawdown | 10.74 | 5.81 | +4.93 |
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Drawdowns
ISDW.L vs. GIN.L - Drawdown Comparison
The maximum ISDW.L drawdown since its inception was -49.35%, which is greater than GIN.L's maximum drawdown of -39.87%. Use the drawdown chart below to compare losses from any high point for ISDW.L and GIN.L.
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Drawdown Indicators
| ISDW.L | GIN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.35% | -39.87% | -9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -5.13% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -9.98% | -8.21% |
Max Drawdown (5Y)Largest decline over 5 years | -22.76% | -24.25% | +1.49% |
Max Drawdown (10Y)Largest decline over 10 years | -33.76% | -24.25% | -9.51% |
Current DrawdownCurrent decline from peak | -4.57% | -1.96% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -15.25% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 1.80% | +0.60% |
Volatility
ISDW.L vs. GIN.L - Volatility Comparison
iShares MSCI World Islamic UCITS (ISDW.L) has a higher volatility of 5.44% compared to SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) at 1.99%. This indicates that ISDW.L's price experiences larger fluctuations and is considered to be riskier than GIN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISDW.L | GIN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 1.99% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 11.97% | 6.31% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 8.36% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.93% | 10.75% | +5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.65% | 10.77% | +4.88% |
ISDW.L vs. GIN.L - Expense Ratio Comparison
ISDW.L has a 0.30% expense ratio, which is lower than GIN.L's 0.40% expense ratio.
Dividends
ISDW.L vs. GIN.L - Dividend Comparison
ISDW.L's dividend yield for the trailing twelve months is around 0.99%, less than GIN.L's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIN.L SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist | 2.88% | 2.92% | 2.80% | 2.80% | 2.47% | 1.92% | 2.23% | 2.37% | 2.90% | 2.98% | 2.92% | 1.81% |
ISDW.L iShares MSCI World Islamic UCITS | 0.99% | 1.11% | 1.38% | 1.56% | 2.03% | 1.47% | 1.38% | 1.80% | 1.87% | 1.54% | 1.70% | 1.77% |
Frequently Asked Questions
ISDW.L and GIN.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ISDW.L is cheaper with a 0.30% expense ratio, compared with 0.40% for GIN.L.
ISDW.L is categorized as Global Equities, while GIN.L is Diversified Portfolio. ISDW.L tracks MSCI World Islamic Index, while GIN.L tracks Morningstar EAA USD Mod Tgt Alloc NR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.30% for ISDW.L and 0.40% for GIN.L.
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