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ISDW.L vs. SMH.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISDW.L vs. SMH.L

Last updated Jul 22, 2026
Documentation

ISDW.L (iShares MSCI World Islamic UCITS) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - ISDW.L is a Global Equities fund tracking the MSCI World Islamic Index, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, ISDW.L returned 11.11%/yr vs 35.23%/yr for SMH.L. A 0.76 correlation means they provide meaningful diversification when combined. ISDW.L charges 0.30%/yr vs 0.35%/yr for SMH.L.

Performance

ISDW.L vs. SMH.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Islamic UCITS (ISDW.L) and VanEck Semiconductor UCITS ETF (SMH.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ISDW.L achieves a 14.31% return, which is significantly lower than SMH.L's 77.36% 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%

SMH.L

1D
3.82%
1M
-10.82%
6M
58.37%
YTD
77.36%
1Y
125.75%
3Y*
56.33%
5Y*
35.23%
10Y*
—
ALL TIME*
35.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISDW.L vs. SMH.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
ISDW.L
iShares MSCI World Islamic UCITS		14.31%19.35%5.72%23.59%-11.79%21.40%4.74%
SMH.L
VanEck Semiconductor UCITS ETF		77.36%49.20%24.11%75.94%-35.54%42.75%4.36%

Correlation

The correlation between ISDW.L and SMH.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.79

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

0.76

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

0.77

Correlation (All Time)
Calculated using the full available price history since Dec 1, 2020

0.76

The correlation between ISDW.L and SMH.L has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.

ISDW.L vs. SMH.L - Sectors Allocation Comparison

Sectors
ISDW.L
SMH.L

Technology

45.0%
100.0%

Industrials

13.4%

-

Healthcare

12.0%

-

Energy

9.7%

-

Basic Materials

8.6%

-

Consumer Cyclical

6.7%

-

Consumer Defensive

3.3%

-

Utilities

0.8%

-

Communication Services

0.4%

-

Real Estate

0.2%

-

Financial Services

0.0%

-

Technology

ISDW.L
45.0%
SMH.L
100.0%

Industrials

ISDW.L
13.4%
SMH.L

-

Healthcare

ISDW.L
12.0%
SMH.L

-

Energy

ISDW.L
9.7%
SMH.L

-

Basic Materials

ISDW.L
8.6%
SMH.L

-

Consumer Cyclical

ISDW.L
6.7%
SMH.L

-

Consumer Defensive

ISDW.L
3.3%
SMH.L

-

Utilities

ISDW.L
0.8%
SMH.L

-

Communication Services

ISDW.L
0.4%
SMH.L

-

Real Estate

ISDW.L
0.2%
SMH.L

-

Financial Services

ISDW.L
0.0%
SMH.L

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Islamic UCITS

VanEck Semiconductor UCITS ETF

Often compared with ISDW.L:
ISDW.L vs. IGDA.LISDW.L vs. SPUSISDW.L vs. ISDU.LISDW.L vs. SPWOISDW.L vs. ISWD.LISDW.L vs. UMMAISDW.L vs. ISDE.L
Often compared with SMH.L:
SMH.L vs. SMGB.LSMH.L vs. HNSC.LSMH.L vs. SMHSMH.L vs. VWRL.LSMH.L vs. AINF.LSMH.L vs. SMT.LSMH.L vs. VHVG.L

Return for Risk

ISDW.L vs. SMH.L — 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: 7777
Overall Rank
ISDW.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
ISDW.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
ISDW.L Omega Ratio Rank: 7171
Omega Ratio Rank
ISDW.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
ISDW.L Martin Ratio Rank: 7878
Martin Ratio Rank
SMH.L
SMH.L Risk / Return Rank: 9595
Overall Rank
SMH.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SMH.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
SMH.L Omega Ratio Rank: 9292
Omega Ratio Rank
SMH.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
SMH.L Martin Ratio Rank: 9696
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS (ISDW.L) and VanEck Semiconductor UCITS ETF (SMH.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.LSMH.LDifference
Sharpe ratioReturn per unit of total volatility
1.78
3.36

-1.58

Sortino ratioReturn per unit of downside risk
2.53
3.72

-1.19

Omega ratioGain probability vs. loss probability

1.31

1.47

-0.16

Calmar ratioReturn relative to maximum drawdown

3.72

7.49

-3.77

Martin ratioReturn relative to average drawdown

10.74

26.14

-15.40

ISDW.L vs. SMH.L - Sharpe Ratio Comparison

The current ISDW.L Sharpe Ratio is 1.78, which is lower than the SMH.L Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of ISDW.L and SMH.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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Drawdowns

ISDW.L vs. SMH.L - Drawdown Comparison

The maximum ISDW.L drawdown since its inception was -49.35%, which is greater than SMH.L's maximum drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for ISDW.L and SMH.L.

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Drawdown Indicators

ISDW.LSMH.LDifference

Max Drawdown

Largest peak-to-trough decline

-49.35%

-45.38%

-3.97%

Max Drawdown (1Y)

Largest decline over 1 year

-6.92%

-16.68%

+9.76%

Max Drawdown (3Y)

Largest decline over 3 years

-18.19%

-36.25%

+18.06%

Max Drawdown (5Y)

Largest decline over 5 years

-22.76%

-45.38%

+22.62%

Max Drawdown (10Y)

Largest decline over 10 years

-33.76%

—

—

Current Drawdown

Current decline from peak

-4.57%

-11.47%

+6.90%

Average Drawdown

Average peak-to-trough decline

-7.52%

-11.13%

+3.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.40%

4.79%

-2.39%

Volatility

ISDW.L vs. SMH.L - Volatility Comparison

The current volatility for iShares MSCI World Islamic UCITS (ISDW.L) is 5.44%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 16.83%. This indicates that ISDW.L experiences smaller price fluctuations and is considered to be less risky than SMH.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.LSMH.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.44%

16.83%

-11.39%

Volatility (6M)

Calculated over the trailing 6-month period

11.97%

31.08%

-19.11%

Volatility (1Y)

Calculated over the trailing 1-year period

14.46%

37.19%

-22.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.93%

33.63%

-17.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.65%

32.98%

-17.33%

ISDW.L vs. SMH.L - Expense Ratio Comparison

ISDW.L has a 0.30% expense ratio, which is lower than SMH.L's 0.35% expense ratio.

Dividends

ISDW.L vs. SMH.L - Dividend Comparison

ISDW.L's dividend yield for the trailing twelve months is around 0.99%, while SMH.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
SMH.L
VanEck Semiconductor UCITS ETF		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

ISDW.L and SMH.L have a correlation of 0.79, 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 0.35% for SMH.L.

ISDW.L is categorized as Global Equities, while SMH.L is Semiconductors. ISDW.L tracks MSCI World Islamic Index, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.30% for ISDW.L and 0.35% for SMH.L.

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