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ISWD.L vs. XDEV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISWD.L vs. XDEV.L

Last updated Jun 4, 2026

ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - ISWD.L tracks the MSCI World Islamic Index while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, ISWD.L returned 12.78%/yr vs 13.72%/yr for XDEV.L. Their correlation of 0.87 suggests significant overlap in exposure. ISWD.L charges 0.60%/yr vs 0.25%/yr for XDEV.L.

Performance

ISWD.L vs. XDEV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) and Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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, ISWD.L achieves a 20.37% return, which is significantly lower than XDEV.L's 35.72% return. Over the past 10 years, ISWD.L has underperformed XDEV.L with an annualized return of 12.78%, while XDEV.L has yielded a comparatively higher 13.72% annualized return.

ISWD.L

1D
0.65%
1M
11.25%
YTD
20.37%
6M
20.71%
1Y
38.83%
3Y*
16.15%
5Y*
13.73%
10Y*
12.78%

XDEV.L

1D
0.47%
1M
17.08%
YTD
35.72%
6M
39.33%
1Y
69.28%
3Y*
27.40%
5Y*
17.74%
10Y*
13.72%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ISWD.L vs. XDEV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.37%11.58%7.85%17.25%-0.87%23.70%5.11%17.98%-3.81%9.22%
XDEV.L
Xtrackers MSCI World Value Factor UCITS ETF 1C		35.72%30.51%6.79%13.25%1.01%21.67%-6.88%14.56%-9.23%11.91%

Correlation

The correlation between ISWD.L and XDEV.L is 0.78, 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

0.78

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

0.74

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

0.79

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

0.86

Correlation (All Time)
Calculated using the full available price history since Oct 20, 2014

0.87

The correlation between ISWD.L and XDEV.L shifts across timeframes, from 0.74 (3 years) to 0.87 (all time), reflecting how their relationship changes across market environments.

ISWD.L vs. XDEV.L - Sectors Allocation Comparison

Sectors
ISWD.L
XDEV.L

Technology

42.8%
33.9%

Industrials

12.9%
11.4%

Energy

11.6%
3.8%

Healthcare

10.4%
8.8%

Basic Materials

9.6%
3.0%

Consumer Cyclical

6.9%
7.9%

Consumer Defensive

3.7%
4.5%

Utilities

1.1%
2.6%

Communication Services

0.4%
7.5%

Real Estate

0.2%
1.8%

Financial Services

0.0%
14.8%

Technology

ISWD.L
42.8%
XDEV.L
33.9%

Industrials

ISWD.L
12.9%
XDEV.L
11.4%

Energy

ISWD.L
11.6%
XDEV.L
3.8%

Healthcare

ISWD.L
10.4%
XDEV.L
8.8%

Basic Materials

ISWD.L
9.6%
XDEV.L
3.0%

Consumer Cyclical

ISWD.L
6.9%
XDEV.L
7.9%

Consumer Defensive

ISWD.L
3.7%
XDEV.L
4.5%

Utilities

ISWD.L
1.1%
XDEV.L
2.6%

Communication Services

ISWD.L
0.4%
XDEV.L
7.5%

Real Estate

ISWD.L
0.2%
XDEV.L
1.8%

Financial Services

ISWD.L
0.0%
XDEV.L
14.8%

Compare stocks, funds, or ETFs

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iShares MSCI World Islamic UCITS ETF USD (Dist)

Xtrackers MSCI World Value Factor UCITS ETF 1C

Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L
Often compared with XDEV.L:
XDEV.L vs. XDEM.LXDEV.L vs. VWCE.DEXDEV.L vs. XDEQ.LXDEV.L vs. JPGL.LXDEV.L vs. IWVG.LXDEV.L vs. NASL.LXDEV.L vs. FRXT.L

Return for Risk

ISWD.L vs. XDEV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISWD.L
ISWD.L Risk / Return Rank: 9292
Overall Rank
ISWD.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9292
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9292
Martin Ratio Rank
XDEV.L
XDEV.L Risk / Return Rank: 9797
Overall Rank
XDEV.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
XDEV.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
XDEV.L Omega Ratio Rank: 9898
Omega Ratio Rank
XDEV.L Calmar Ratio Rank: 9696
Calmar Ratio Rank
XDEV.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.

ISWD.L vs. XDEV.L - 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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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.

ISWD.LXDEV.LDifference
Sharpe ratioReturn per unit of total volatility
3.42
5.20

-1.78

Sortino ratioReturn per unit of downside risk
4.60
7.04

-2.43

Omega ratioGain probability vs. loss probability

1.63

2.00

-0.37

Calmar ratioReturn relative to maximum drawdown

7.02

9.96

-2.95

Martin ratioReturn relative to average drawdown

24.08

38.38

-14.31

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

ISWD.L vs. XDEV.L - Sharpe Ratio Comparison

The current ISWD.L Sharpe Ratio is 3.42, which is lower than the XDEV.L Sharpe Ratio of 5.20. The chart below compares the historical Sharpe Ratios of ISWD.L and XDEV.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

ISWD.LXDEV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.42

5.20

-1.78

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.03

1.35

-0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.89

0.91

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.87

-0.12

Drawdowns

ISWD.L vs. XDEV.L - Drawdown Comparison

The maximum ISWD.L drawdown since its inception was -31.52%, which is greater than XDEV.L's maximum drawdown of -28.20%. Use the drawdown chart below to compare losses from any high point for ISWD.L and XDEV.L.

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Drawdown Indicators

ISWD.LXDEV.LDifference

Max Drawdown

Largest peak-to-trough decline

-31.52%

-28.20%

-3.32%

Max Drawdown (1Y)

Largest decline over 1 year

-5.51%

-6.92%

+1.41%

Max Drawdown (3Y)

Largest decline over 3 years

-21.00%

-14.00%

-7.00%

Max Drawdown (5Y)

Largest decline over 5 years

-21.00%

-14.00%

-7.00%

Max Drawdown (10Y)

Largest decline over 10 years

-24.90%

-28.20%

+3.30%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.61%

-4.35%

+0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.61%

1.80%

-0.19%

Volatility

ISWD.L vs. XDEV.L - Volatility Comparison

The current volatility for iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) is 3.64%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 5.52%. This indicates that ISWD.L experiences smaller price fluctuations and is considered to be less risky than XDEV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ISWD.LXDEV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

5.52%

-1.88%

Volatility (6M)

Calculated over the trailing 6-month period

8.40%

10.78%

-2.38%

Volatility (1Y)

Calculated over the trailing 1-year period

11.34%

13.26%

-1.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.27%

13.14%

+0.13%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

15.04%

-0.71%

ISWD.L vs. XDEV.L - Expense Ratio Comparison

ISWD.L has a 0.60% expense ratio, which is higher than XDEV.L's 0.25% expense ratio.

Dividends

ISWD.L vs. XDEV.L - Dividend Comparison

ISWD.L's dividend yield for the trailing twelve months is around 1.27%, while XDEV.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
XDEV.L
Xtrackers MSCI World Value Factor UCITS ETF 1C		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

ISWD.L and XDEV.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XDEV.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XDEV.L is cheaper with a 0.25% expense ratio, compared with 0.60% for ISWD.L.

ISWD.L tracks MSCI World Islamic Index, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: iShares and DWS. Their fees differ too: 0.60% for ISWD.L and 0.25% for XDEV.L.

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