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ISP6.L vs. SWDA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISP6.L vs. SWDA.L

Last updated Jun 5, 2026

ISP6.L (iShares S&P SmallCap 600 UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - ISP6.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, ISP6.L returned 11.01%/yr vs 13.91%/yr for SWDA.L. A 0.72 correlation means they provide meaningful diversification when combined. ISP6.L charges 0.40%/yr vs 0.20%/yr for SWDA.L.

Performance

ISP6.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P SmallCap 600 UCITS ETF (ISP6.L) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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, ISP6.L achieves a 15.45% return, which is significantly higher than SWDA.L's 10.08% return. Over the past 10 years, ISP6.L has underperformed SWDA.L with an annualized return of 11.01%, while SWDA.L has yielded a comparatively higher 13.91% annualized return.

ISP6.L

1D
1.09%
1M
2.81%
YTD
15.45%
6M
14.84%
1Y
34.21%
3Y*
12.19%
5Y*
6.63%
10Y*
11.01%

SWDA.L

1D
0.15%
1M
5.12%
YTD
10.08%
6M
10.35%
1Y
27.25%
3Y*
17.68%
5Y*
13.06%
10Y*
13.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISP6.L vs. SWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		15.45%-0.91%8.76%10.98%-6.72%27.86%6.87%17.51%-4.56%3.05%
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		10.08%12.64%21.11%17.59%-8.33%23.64%12.25%23.03%-3.78%11.78%

Correlation

The correlation between ISP6.L and SWDA.L is 0.67, 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

0.67

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

0.68

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

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.75

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2009

0.72

The correlation between ISP6.L and SWDA.L has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.

ISP6.L vs. SWDA.L - Sectors Allocation Comparison

Sectors
ISP6.L
SWDA.L

Technology

17.0%
30.0%

Financial Services

16.8%
15.4%

Industrials

15.1%
10.9%

Consumer Cyclical

12.7%
9.0%

Healthcare

11.0%
8.7%

Real Estate

7.6%
1.8%

Energy

5.8%
4.2%

Basic Materials

4.9%
3.2%

Consumer Defensive

3.6%
5.2%

Communication Services

3.5%
9.2%

Utilities

1.9%
2.5%

Technology

ISP6.L
17.0%
SWDA.L
30.0%

Financial Services

ISP6.L
16.8%
SWDA.L
15.4%

Industrials

ISP6.L
15.1%
SWDA.L
10.9%

Consumer Cyclical

ISP6.L
12.7%
SWDA.L
9.0%

Healthcare

ISP6.L
11.0%
SWDA.L
8.7%

Real Estate

ISP6.L
7.6%
SWDA.L
1.8%

Energy

ISP6.L
5.8%
SWDA.L
4.2%

Basic Materials

ISP6.L
4.9%
SWDA.L
3.2%

Consumer Defensive

ISP6.L
3.6%
SWDA.L
5.2%

Communication Services

ISP6.L
3.5%
SWDA.L
9.2%

Utilities

ISP6.L
1.9%
SWDA.L
2.5%

Compare stocks, funds, or ETFs

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iShares S&P SmallCap 600 UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with ISP6.L:
ISP6.L vs. IJRISP6.L vs. IEEM.LISP6.L vs. USSC.LISP6.L vs. IWMISP6.L vs. CSPX.ASISP6.L vs. VIGISP6.L vs. VOO
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

ISP6.L vs. SWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISP6.L
ISP6.L Risk / Return Rank: 7474
Overall Rank
ISP6.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
ISP6.L Sortino Ratio Rank: 6767
Sortino Ratio Rank
ISP6.L Omega Ratio Rank: 6666
Omega Ratio Rank
ISP6.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
ISP6.L Martin Ratio Rank: 8181
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.

ISP6.L vs. SWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P SmallCap 600 UCITS ETF (ISP6.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.

ISP6.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.20
2.66

-0.47

Sortino ratioReturn per unit of downside risk
3.03
3.69

-0.66

Omega ratioGain probability vs. loss probability

1.39

1.51

-0.12

Calmar ratioReturn relative to maximum drawdown

5.28

4.14

+1.14

Martin ratioReturn relative to average drawdown

15.98

16.55

-0.57

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

ISP6.L vs. SWDA.L - Sharpe Ratio Comparison

The current ISP6.L Sharpe Ratio is 2.20, which is comparable to the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of ISP6.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.

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Sharpe Ratios by Period

ISP6.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.20

2.66

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.35

0.98

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.54

0.96

-0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

0.88

-0.31

Drawdowns

ISP6.L vs. SWDA.L - Drawdown Comparison

The maximum ISP6.L drawdown since its inception was -39.08%, which is greater than SWDA.L's maximum drawdown of -25.58%. Use the drawdown chart below to compare losses from any high point for ISP6.L and SWDA.L.

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Drawdown Indicators

ISP6.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-39.08%

-25.58%

-13.50%

Max Drawdown (1Y)

Largest decline over 1 year

-6.45%

-6.55%

+0.10%

Max Drawdown (3Y)

Largest decline over 3 years

-30.26%

-18.50%

-11.76%

Max Drawdown (5Y)

Largest decline over 5 years

-30.26%

-18.50%

-11.76%

Max Drawdown (10Y)

Largest decline over 10 years

-39.08%

-25.58%

-13.50%

Current Drawdown

Current decline from peak

0.00%

-0.10%

+0.10%

Average Drawdown

Average peak-to-trough decline

-7.53%

-3.49%

-4.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.13%

1.64%

+0.49%

Volatility

ISP6.L vs. SWDA.L - Volatility Comparison

iShares S&P SmallCap 600 UCITS ETF (ISP6.L) has a higher volatility of 3.96% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that ISP6.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.

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Volatility by Period

ISP6.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

2.52%

+1.44%

Volatility (6M)

Calculated over the trailing 6-month period

10.32%

7.29%

+3.03%

Volatility (1Y)

Calculated over the trailing 1-year period

15.51%

10.19%

+5.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.09%

13.30%

+5.79%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.45%

14.50%

+5.95%

ISP6.L vs. SWDA.L - Expense Ratio Comparison

ISP6.L has a 0.40% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.

Dividends

ISP6.L vs. SWDA.L - Dividend Comparison

ISP6.L's dividend yield for the trailing twelve months is around 1.02%, while SWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ISP6.L
iShares S&P SmallCap 600 UCITS ETF		1.02%1.22%1.15%1.08%1.00%0.65%0.94%0.97%0.96%0.78%0.77%0.53%
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%0.00%0.00%

Frequently Asked Questions

ISP6.L and SWDA.L have a correlation of 0.67, 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 0.40% for ISP6.L.

ISP6.L is categorized as Small Cap Blend Equities, while SWDA.L is Global Equities. ISP6.L tracks Russell 2000 TR USD, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.40% for ISP6.L and 0.20% for SWDA.L.

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