IUSA.MI vs. IWRD.AS
IUSA.MI (iShares Core S&P 500 UCITS ETF USD Dist) and IWRD.AS (iShares MSCI World UCITS ETF) are both exchange-traded funds - IUSA.MI is a S&P 500 fund tracking the S&P 500 Index, while IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IUSA.MI returned 14.76%/yr vs 12.50%/yr for IWRD.AS. Their correlation of 0.91 suggests significant overlap in exposure. IUSA.MI charges 0.07%/yr vs 0.50%/yr for IWRD.AS.
Performance
IUSA.MI vs. IWRD.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IUSA.MI having a 11.29% return and IWRD.AS slightly lower at 10.92%. Over the past 10 years, IUSA.MI has outperformed IWRD.AS with an annualized return of 14.76%, while IWRD.AS has yielded a comparatively lower 12.50% annualized return.
IUSA.MI
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 11.29%
- 6M
- 11.37%
- 1Y
- 25.46%
- 3Y*
- 18.75%
- 5Y*
- 14.63%
- 10Y*
- 14.76%
IWRD.AS
- 1D
- -0.08%
- 1M
- 4.72%
- YTD
- 10.92%
- 6M
- 11.18%
- 1Y
- 23.48%
- 3Y*
- 17.21%
- 5Y*
- 12.56%
- 10Y*
- 12.50%
IUSA.MI vs. IWRD.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 11.29% | 4.17% | 33.56% | 22.16% | -14.75% | 40.69% | 7.30% | 34.11% | -1.42% | 6.61% |
IWRD.AS iShares MSCI World UCITS ETF | 10.92% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
Correlation
The correlation between IUSA.MI and IWRD.AS is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 24, 2005 | 0.91 |
The correlation between IUSA.MI and IWRD.AS has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
IUSA.MI vs. IWRD.AS — Risk / Return Rank
IUSA.MI
IWRD.AS
IUSA.MI vs. IWRD.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) and iShares MSCI World UCITS ETF (IWRD.AS). 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.
| IUSA.MI | IWRD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 3.46 | +0.08 |
| Martin ratioReturn relative to average drawdown | 12.66 | 13.65 | -0.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IUSA.MI | IWRD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.11 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.87 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.81 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.50 | +0.10 |
Drawdowns
IUSA.MI vs. IWRD.AS - Drawdown Comparison
The maximum IUSA.MI drawdown since its inception was -52.36%, roughly equal to the maximum IWRD.AS drawdown of -52.51%. Use the drawdown chart below to compare losses from any high point for IUSA.MI and IWRD.AS.
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Drawdown Indicators
| IUSA.MI | IWRD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.36% | -52.51% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -6.69% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -23.29% | -21.50% | -1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.29% | -21.50% | -1.79% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -33.71% | +0.03% |
Current DrawdownCurrent decline from peak | -0.46% | -0.32% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -8.84% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.71% | +0.30% |
Volatility
IUSA.MI vs. IWRD.AS - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD Dist (IUSA.MI) and iShares MSCI World UCITS ETF (IWRD.AS) have volatilities of 2.70% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSA.MI | IWRD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.65% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.46% | 7.72% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.24% | 10.98% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 14.14% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 15.16% | +0.92% |
IUSA.MI vs. IWRD.AS - Expense Ratio Comparison
IUSA.MI has a 0.07% expense ratio, which is lower than IWRD.AS's 0.50% expense ratio.
Dividends
IUSA.MI vs. IWRD.AS - Dividend Comparison
IUSA.MI's dividend yield for the trailing twelve months is around 0.73%, less than IWRD.AS's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.MI iShares Core S&P 500 UCITS ETF USD Dist | 0.73% | 0.82% | 0.92% | 1.16% | 1.39% | 0.84% | 1.21% | 1.33% | 1.46% | 1.33% | 1.25% | 1.37% |
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
Frequently Asked Questions
With a correlation of 0.96, IUSA.MI and IWRD.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, IUSA.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSA.MI is cheaper with a 0.07% expense ratio, compared with 0.50% for IWRD.AS.
IUSA.MI is categorized as S&P 500, while IWRD.AS is Global Equities. IUSA.MI tracks S&P 500 Index, while IWRD.AS tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for IUSA.MI and 0.50% for IWRD.AS.
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