ISWD.L vs. ^GSPC
ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) is Global Equities fund tracking the MSCI World Islamic Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ISWD.L returned 11.52%/yr vs 14.13%/yr for ^GSPC. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
ISWD.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ISWD.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISWD.L achieves a 17.58% return, which is significantly higher than ^GSPC's 9.90% return. Over the past 10 years, ISWD.L has underperformed ^GSPC with an annualized return of 11.52%, while ^GSPC has yielded a comparatively higher 14.13% annualized return.
ISWD.L
- 1D
- 0.02%
- 1M
- 2.12%
- YTD
- 17.58%
- 6M
- 17.39%
- 1Y
- 33.31%
- 3Y*
- 15.22%
- 5Y*
- 12.30%
- 10Y*
- 11.52%
^GSPC
- 1D
- 0.09%
- 1M
- 0.36%
- YTD
- 9.90%
- 6M
- 8.80%
- 1Y
- 24.71%
- 3Y*
- 17.76%
- 5Y*
- 12.60%
- 10Y*
- 14.13%
ISWD.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISWD.L iShares MSCI World Islamic UCITS ETF USD (Dist) | 17.58% | 11.15% | 7.45% | 16.76% | -1.26% | 22.98% | 4.68% | 17.34% | -4.33% | 8.67% |
^GSPC S&P 500 Index | 9.90% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between ISWD.L and ^GSPC is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2007 | 0.57 |
The correlation between ISWD.L and ^GSPC has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
ISWD.L vs. ^GSPC — Risk / Return Rank
ISWD.L
^GSPC
ISWD.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) and S&P 500 Index (^GSPC). 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.
| ISWD.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.38 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.02 | 3.09 | +2.93 |
| Martin ratioReturn relative to average drawdown | 18.96 | 11.34 | +7.62 |
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Drawdowns
ISWD.L vs. ^GSPC - Drawdown Comparison
The maximum ISWD.L drawdown since its inception was -64.35%, which is greater than ^GSPC's maximum drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for ISWD.L and ^GSPC.
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Drawdown Indicators
| ISWD.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.35% | -37.07% | -27.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -8.03% | +2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -22.15% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -22.15% | +1.15% |
Max Drawdown (10Y)Largest decline over 10 years | -24.90% | -26.01% | +1.11% |
Current DrawdownCurrent decline from peak | -2.15% | -1.66% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -18.00% | -5.30% | -12.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 2.18% | -0.43% |
Volatility
ISWD.L vs. ^GSPC - Volatility Comparison
iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a higher volatility of 4.92% compared to S&P 500 Index (^GSPC) at 4.35%. This indicates that ISWD.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISWD.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 4.35% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 8.96% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 12.03% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 15.96% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.32% | 18.09% | -3.77% |
Frequently Asked Questions
ISWD.L and ^GSPC have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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