PortfoliosLab logoPortfoliosLab logo

Documentation

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

IUKD.L vs. SWDA.L

Last updated Jun 5, 2026

IUKD.L (iShares UK Dividend UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index, while SWDA.L is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, IUKD.L returned 7.03%/yr vs 13.91%/yr for SWDA.L. A 0.58 correlation means they provide meaningful diversification when combined. IUKD.L charges 0.40%/yr vs 0.20%/yr for SWDA.L.

Performance

IUKD.L vs. SWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares UK Dividend UCITS ETF (IUKD.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...

Returns By Period

In the year-to-date period, IUKD.L achieves a 7.22% return, which is significantly lower than SWDA.L's 10.08% return. Over the past 10 years, IUKD.L has underperformed SWDA.L with an annualized return of 7.03%, while SWDA.L has yielded a comparatively higher 13.91% annualized return.

IUKD.L

1D
0.49%
1M
0.08%
YTD
7.22%
6M
10.48%
1Y
24.39%
3Y*
18.89%
5Y*
11.88%
10Y*
7.03%

SWDA.L

1D
0.15%
1M
3.75%
YTD
10.08%
6M
9.92%
1Y
27.16%
3Y*
17.68%
5Y*
13.06%
10Y*
13.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IUKD.L
iShares UK Dividend UCITS ETF		7.22%32.12%12.27%5.81%-1.44%23.43%-17.92%18.86%-14.11%6.92%
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 IUKD.L and SWDA.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.47

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

0.46

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

0.50

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

0.54

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

0.58

The correlation between IUKD.L and SWDA.L shifts across timeframes, from 0.46 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IUKD.L
SWDA.L

Financial Services

41.6%
15.4%

Consumer Defensive

15.0%
5.2%

Energy

10.0%
4.2%

Real Estate

7.8%
1.8%

Utilities

7.8%
2.5%

Communication Services

6.1%
9.2%

Basic Materials

4.8%
3.2%

Consumer Cyclical

4.3%
9.0%

Healthcare

2.5%
8.7%

Industrials

-

10.9%

Technology

-

30.0%

Financial Services

IUKD.L
41.6%
SWDA.L
15.4%

Consumer Defensive

IUKD.L
15.0%
SWDA.L
5.2%

Energy

IUKD.L
10.0%
SWDA.L
4.2%

Real Estate

IUKD.L
7.8%
SWDA.L
1.8%

Utilities

IUKD.L
7.8%
SWDA.L
2.5%

Communication Services

IUKD.L
6.1%
SWDA.L
9.2%

Basic Materials

IUKD.L
4.8%
SWDA.L
3.2%

Consumer Cyclical

IUKD.L
4.3%
SWDA.L
9.0%

Healthcare

IUKD.L
2.5%
SWDA.L
8.7%

Industrials

IUKD.L

-

SWDA.L
10.9%

Technology

IUKD.L

-

SWDA.L
30.0%

Compare stocks, funds, or ETFs

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

iShares UK Dividend UCITS ETF

iShares Core MSCI World UCITS ETF USD (Acc)

Often compared with IUKD.L:
IUKD.L vs. VUKE.LIUKD.L vs. UKDV.LIUKD.L vs. CUKX.LIUKD.L vs. LGEN.LIUKD.L vs. IDVY.LIUKD.L vs. FLGBIUKD.L vs. CPJ1.L
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUKD.L
IUKD.L Risk / Return Rank: 6161
Overall Rank
IUKD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IUKD.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
IUKD.L Omega Ratio Rank: 7070
Omega Ratio Rank
IUKD.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IUKD.L Martin Ratio Rank: 5353
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.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.

IUKD.LSWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.66

-0.47

Sortino ratioReturn per unit of downside risk
2.96
3.69

-0.73

Omega ratioGain probability vs. loss probability

1.41

1.51

-0.10

Calmar ratioReturn relative to maximum drawdown

2.48

4.14

-1.67

Martin ratioReturn relative to average drawdown

8.97

16.55

-7.59

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

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

The current IUKD.L Sharpe Ratio is 2.19, which is comparable to the SWDA.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of IUKD.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

IUKD.LSWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

2.66

-0.47

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.98

-0.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.96

-0.55

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.88

-0.60

Drawdowns

IUKD.L vs. SWDA.L - Drawdown Comparison

The maximum IUKD.L drawdown since its inception was -61.95%, 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 IUKD.L and SWDA.L.

Loading charts...

Drawdown Indicators

IUKD.LSWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-61.95%

-25.58%

-36.37%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

-6.55%

-3.37%

Max Drawdown (3Y)

Largest decline over 3 years

-10.52%

-18.50%

+7.98%

Max Drawdown (5Y)

Largest decline over 5 years

-19.93%

-18.50%

-1.43%

Max Drawdown (10Y)

Largest decline over 10 years

-44.34%

-25.58%

-18.76%

Current Drawdown

Current decline from peak

-3.39%

-0.10%

-3.29%

Average Drawdown

Average peak-to-trough decline

-14.97%

-3.49%

-11.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

1.64%

+1.10%

Volatility

IUKD.L vs. SWDA.L - Volatility Comparison

iShares UK Dividend UCITS ETF (IUKD.L) has a higher volatility of 3.72% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.52%. This indicates that IUKD.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

IUKD.LSWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

2.52%

+1.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.33%

7.29%

+2.04%

Volatility (1Y)

Calculated over the trailing 1-year period

11.21%

10.19%

+1.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

13.30%

+0.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.22%

14.50%

+2.72%

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

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

Dividends

IUKD.L vs. SWDA.L - Dividend Comparison

IUKD.L's dividend yield for the trailing twelve months is around 4.53%, while SWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IUKD.L
iShares UK Dividend UCITS ETF		4.53%4.85%5.78%5.34%6.39%5.68%4.11%5.70%6.86%5.19%4.87%5.67%
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

IUKD.L and SWDA.L have a correlation of 0.47, 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 IUKD.L.

IUKD.L is categorized as Dividend, while SWDA.L is Global Equities. IUKD.L tracks FTSE UK Dividend+ Index, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.40% for IUKD.L and 0.20% for SWDA.L.

Portfolio Optimizer

Find the right allocation for IUKD.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