IUSP.L vs. IWDA.L

Last updated Jun 5, 2026

IUSP.L (iShares US Property Yield UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - IUSP.L is a REIT fund tracking the FTSE EPRA Nareit United States TR USD, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, IUSP.L returned 6.52%/yr vs 13.89%/yr for IWDA.L. At a 0.47 correlation, their price movements are largely independent. IUSP.L charges 0.40%/yr vs 0.20%/yr for IWDA.L.

Performance

IUSP.L vs. IWDA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares US Property Yield UCITS ETF (IUSP.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IUSP.L is traded in GBp, while IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUSP.L achieves a 13.45% return, which is significantly higher than IWDA.L's 10.12% return. Over the past 10 years, IUSP.L has underperformed IWDA.L with an annualized return of 6.52%, while IWDA.L has yielded a comparatively higher 13.89% annualized return.

IUSP.L

• 1D: 0.01%
• 1M: 2.07%
• YTD: 13.45%
• 6M: 13.27%
• 1Y: 16.59%
• 3Y*: 8.66%
• 5Y*: 5.55%
• 10Y*: 6.52%

IWDA.L

• 1D: 0.00%
• 1M: 4.88%
• YTD: 10.12%
• 6M: 10.06%
• 1Y: 27.03%
• 3Y*: 17.69%
• 5Y*: 13.03%
• 10Y*: 13.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSP.L vs. IWDA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IUSP.L iShares US Property Yield UCITS ETF	13.45%	-3.93%	7.50%	7.68%	-14.52%	44.90%	-13.29%	18.62%	2.32%	-4.08%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	10.28%	12.41%	21.19%	18.05%	-8.38%	23.34%	12.65%	22.29%	-3.62%	12.15%

Correlation

The correlation between IUSP.L and IWDA.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jun 2, 2010	0.47

The correlation between IUSP.L and IWDA.L shifts across timeframes, from 0.32 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

IUSP.L vs. IWDA.L - Sectors Allocation Comparison

Sectors	IUSP.L	IWDA.L
Real Estate	100.0%	1.2%
Basic Materials	-	2.8%
Communication Services	-	9.3%
Consumer Cyclical	-	8.8%
Consumer Defensive	-	4.8%
Energy	-	3.9%
Financial Services	-	14.9%
Healthcare	-	8.6%
Industrials	-	9.7%
Technology	-	32.9%
Utilities	-	2.4%

Return for Risk

IUSP.L vs. IWDA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IUSP.L

IUSP.L Risk / Return Rank: 41
IUSP.L Sharpe Ratio Rank: 38
IUSP.L Sortino Ratio Rank: 37
IUSP.L Omega Ratio Rank: 36
IUSP.L Calmar Ratio Rank: 53
IUSP.L Martin Ratio Rank: 39

IWDA.L

IWDA.L Risk / Return Rank: 68
IWDA.L Sharpe Ratio Rank: 67
IWDA.L Sortino Ratio Rank: 73
IWDA.L Omega Ratio Rank: 67
IWDA.L Calmar Ratio Rank: 64
IWDA.L Martin Ratio Rank: 72

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.

IUSP.L vs. IWDA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares US Property Yield UCITS ETF (IUSP.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

	IUSP.L	IWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.31	2.32	-1.00
Sortino ratio: Return per unit of downside risk	1.89	3.22	-1.34
Omega ratio: Gain probability vs. loss probability	1.23	1.43	-0.20
Calmar ratio: Return relative to maximum drawdown	2.59	4.22	-1.64
Martin ratio: Return relative to average drawdown	6.00	15.90	-9.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSP.L vs. IWDA.L - Sharpe Ratio Comparison

The current IUSP.L Sharpe Ratio is 1.31, which is lower than the IWDA.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of IUSP.L and IWDA.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.

Sharpe Ratios by Period

	IUSP.L	IWDA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	2.32	-1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.90	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.89	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.86	-0.52

Drawdowns

IUSP.L vs. IWDA.L - Drawdown Comparison

The maximum IUSP.L drawdown since its inception was -62.68%, which is greater than IWDA.L's maximum drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for IUSP.L and IWDA.L.

Drawdown Indicators

	IUSP.L	IWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-62.68%	-26.18%	-36.50%
Max Drawdown (1Y) Largest decline over 1 year	-6.38%	-6.37%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-20.65%	-18.91%	-1.74%
Max Drawdown (5Y) Largest decline over 5 years	-26.86%	-18.91%	-7.95%
Max Drawdown (10Y) Largest decline over 10 years	-38.97%	-26.18%	-12.79%
Current Drawdown Current decline from peak	-2.07%	-0.27%	-1.80%
Average Drawdown Average peak-to-trough decline	-11.16%	-3.39%	-7.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.70%	+1.06%

Volatility

IUSP.L vs. IWDA.L - Volatility Comparison

iShares US Property Yield UCITS ETF (IUSP.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) have volatilities of 3.53% and 3.47%, 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.

Volatility by Period

	IUSP.L	IWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.47%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	9.40%	8.85%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.59%	11.62%	+0.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.64%	14.49%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	15.51%	+3.93%

IUSP.L vs. IWDA.L - Expense Ratio Comparison

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

Dividends

IUSP.L vs. IWDA.L - Dividend Comparison

IUSP.L's dividend yield for the trailing twelve months is around 4.01%, while IWDA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IUSP.L iShares US Property Yield UCITS ETF	4.01%	4.31%	3.87%	4.00%	4.62%	2.87%	4.40%	4.08%	5.87%	4.28%	4.37%	4.42%
IWDA.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

Can I hold both IUSP.L and IWDA.L in my portfolio?

IUSP.L and IWDA.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IUSP.L or IWDA.L?

On fees, IWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IUSP.L or IWDA.L?

IWDA.L is cheaper with a 0.20% expense ratio, compared with 0.40% for IUSP.L.

What is the main difference between IUSP.L and IWDA.L?

IUSP.L is categorized as REIT, while IWDA.L is Global Equities. IUSP.L tracks FTSE EPRA Nareit United States TR USD, while IWDA.L tracks MSCI World Index (Net). Their fees differ too: 0.40% for IUSP.L and 0.20% for IWDA.L.