PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ISEU.L vs. SWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISEU.L vs. SWDA.L

Last updated Jun 5, 2026

ISEU.L (iShares MSCI Europe UCITS Dist) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - ISEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, ISEU.L returned 8.98%/yr vs 11.87%/yr for SWDA.L. A 0.78 correlation means they provide meaningful diversification when combined. ISEU.L charges 1.00%/yr vs 0.20%/yr for SWDA.L.

Performance

ISEU.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Europe UCITS Dist (ISEU.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

ISEU.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ISEU.L achieves a 6.49% return, which is significantly lower than SWDA.L's 9.81% return.

ISEU.L

1D
0.66%
1M
2.76%
YTD
6.49%
6M
9.55%
1Y
18.11%
3Y*
16.86%
5Y*
8.98%
10Y*
—

SWDA.L

1D
0.20%
1M
4.22%
YTD
9.81%
6M
11.17%
1Y
26.04%
3Y*
20.71%
5Y*
11.87%
10Y*
13.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISEU.L vs. SWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISEU.L
iShares MSCI Europe UCITS Dist		6.49%35.19%2.19%19.52%-13.73%15.84%5.73%23.56%-14.38%26.22%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.81%21.14%19.09%23.79%-18.13%22.52%15.68%27.97%-9.23%22.42%

Correlation

The correlation between ISEU.L and SWDA.L is 0.76, 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

0.76

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

0.73

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

0.78

Correlation (All Time)
Calculated using the full available price history since Nov 29, 2016

0.78

The correlation between ISEU.L and SWDA.L has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

ISEU.L vs. SWDA.L - Sectors Allocation Comparison

Sectors
ISEU.L
SWDA.L

Financial Services

23.3%
15.4%

Industrials

19.7%
10.9%

Healthcare

13.1%
8.7%

Technology

8.6%
30.0%

Consumer Defensive

8.4%
5.2%

Consumer Cyclical

6.3%
9.0%

Basic Materials

5.6%
3.2%

Energy

5.4%
4.2%

Utilities

5.1%
2.5%

Communication Services

3.7%
9.2%

Real Estate

0.8%
1.8%

Financial Services

ISEU.L
23.3%
SWDA.L
15.4%

Industrials

ISEU.L
19.7%
SWDA.L
10.9%

Healthcare

ISEU.L
13.1%
SWDA.L
8.7%

Technology

ISEU.L
8.6%
SWDA.L
30.0%

Consumer Defensive

ISEU.L
8.4%
SWDA.L
5.2%

Consumer Cyclical

ISEU.L
6.3%
SWDA.L
9.0%

Basic Materials

ISEU.L
5.6%
SWDA.L
3.2%

Energy

ISEU.L
5.4%
SWDA.L
4.2%

Utilities

ISEU.L
5.1%
SWDA.L
2.5%

Communication Services

ISEU.L
3.7%
SWDA.L
9.2%

Real Estate

ISEU.L
0.8%
SWDA.L
1.8%

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 Europe UCITS Dist

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with ISEU.L:
ISEU.L vs. ISX5.LISEU.L vs. EMMISEU.L vs. MJMT.DEISEU.L vs. VEUR.LISEU.L vs. QQQISEU.L vs. CSPX.LISEU.L vs. ^GSPC
Often compared with SWDA.L:
SWDA.L vs. IWDA.LSWDA.L vs. VWRP.LSWDA.L vs. VWCE.DESWDA.L vs. SPYSWDA.L vs. IUSQ.DESWDA.L vs. EUN.LSWDA.L vs. VOO

Return for Risk

ISEU.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISEU.L
ISEU.L Risk / Return Rank: 3434
Overall Rank
ISEU.L Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
ISEU.L Sortino Ratio Rank: 3434
Sortino Ratio Rank
ISEU.L Omega Ratio Rank: 3434
Omega Ratio Rank
ISEU.L Calmar Ratio Rank: 3333
Calmar Ratio Rank
ISEU.L Martin Ratio Rank: 3737
Martin Ratio Rank
SWDA.L
SWDA.L Risk / Return Rank: 8383
Overall Rank
SWDA.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
SWDA.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
SWDA.L Omega Ratio Rank: 8484
Omega Ratio Rank
SWDA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
SWDA.L Martin Ratio Rank: 8383
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.

ISEU.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe UCITS Dist (ISEU.L) 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.

ISEU.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
1.19
2.27

-1.08

Sortino ratioReturn per unit of downside risk
1.77
3.37

-1.60

Omega ratioGain probability vs. loss probability

1.22

1.41

-0.19

Calmar ratioReturn relative to maximum drawdown

1.57

3.02

-1.45

Martin ratioReturn relative to average drawdown

5.63

13.29

-7.65

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ISEU.L vs. SWDA.L - Sharpe Ratio Comparison

The current ISEU.L Sharpe Ratio is 1.19, which is lower than the SWDA.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of ISEU.L and SWDA.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.

Loading charts...

Sharpe Ratios by Period

ISEU.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.19

2.27

-1.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.51

0.78

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.73

-0.12

Drawdowns

ISEU.L vs. SWDA.L - Drawdown Comparison

The maximum ISEU.L drawdown since its inception was -36.02%, which is greater than SWDA.L's maximum drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for ISEU.L and SWDA.L.

Loading charts...

Drawdown Indicators

ISEU.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-36.02%

-33.62%

-2.40%

Max Drawdown (1Y)

Largest decline over 1 year

-11.47%

-8.59%

-2.88%

Max Drawdown (3Y)

Largest decline over 3 years

-14.15%

-17.07%

+2.92%

Max Drawdown (5Y)

Largest decline over 5 years

-30.77%

-26.50%

-4.27%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.62%

—

Current Drawdown

Current decline from peak

-1.38%

-0.42%

-0.96%

Average Drawdown

Average peak-to-trough decline

-6.33%

-4.58%

-1.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.21%

1.95%

+1.26%

Volatility

ISEU.L vs. SWDA.L - Volatility Comparison

iShares MSCI Europe UCITS Dist (ISEU.L) has a higher volatility of 5.35% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.81%. This indicates that ISEU.L'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.

Loading charts...

Volatility by Period

ISEU.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.35%

2.81%

+2.54%

Volatility (6M)

Calculated over the trailing 6-month period

12.62%

8.58%

+4.04%

Volatility (1Y)

Calculated over the trailing 1-year period

15.14%

11.41%

+3.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.66%

15.30%

+2.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.61%

15.73%

+1.88%

ISEU.L vs. SWDA.L - Expense Ratio Comparison

ISEU.L has a 1.00% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

ISEU.L vs. SWDA.L - Dividend Comparison

ISEU.L's dividend yield for the trailing twelve months is around 2.54%, while SWDA.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
ISEU.L
iShares MSCI Europe UCITS Dist		2.54%2.46%3.00%2.81%2.86%2.36%1.91%3.03%3.28%2.48%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

ISEU.L and SWDA.L have a correlation of 0.76, 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 1.00% for ISEU.L.

ISEU.L is categorized as Europe Equities, while SWDA.L is Global Equities. ISEU.L tracks MSCI Europe NR EUR, while SWDA.L tracks MSCI World Index. Their fees differ too: 1.00% for ISEU.L and 0.20% for SWDA.L.

Portfolio Optimizer

Find the right allocation for ISEU.L and SWDA.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer