IUSZ.L vs. IWDA.L
IUSZ.L (iShares MSCI USA Mid-Cap Equal Weight UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IUSZ.L tracks the iShares MSCI USA Mid-Cap Equal Weight UCITS ETF while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 5 years, IUSZ.L returned 6.53%/yr vs 11.60%/yr for IWDA.L. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.
Performance
IUSZ.L vs. IWDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, IUSZ.L achieves a 8.28% return, which is significantly lower than IWDA.L's 10.17% return.
IUSZ.L
- 1D
- -0.50%
- 1M
- -0.42%
- 6M
- 5.64%
- YTD
- 8.28%
- 1Y
- 14.27%
- 3Y*
- 11.91%
- 5Y*
- 6.53%
- 10Y*
- —
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
IUSZ.L vs. IWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 8.28% | 8.58% | 12.73% | 17.19% | -18.26% | 26.04% | 17.67% | 27.95% | -10.01% | 17.20% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
Correlation
The correlation between IUSZ.L and IWDA.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 | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.83 |
The correlation between IUSZ.L and IWDA.L has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
IUSZ.L vs. IWDA.L — Risk / Return Rank
IUSZ.L
IWDA.L
IUSZ.L vs. IWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.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.
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.
| IUSZ.L | IWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 2.64 | -0.70 |
| Martin ratioReturn relative to average drawdown | 6.85 | 10.75 | -3.90 |
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Drawdowns
IUSZ.L vs. IWDA.L - Drawdown Comparison
The maximum IUSZ.L drawdown since its inception was -41.10%, which is greater than IWDA.L's maximum drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for IUSZ.L and IWDA.L.
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Drawdown Indicators
| IUSZ.L | IWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.10% | -34.11% | -6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -8.31% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -16.94% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -25.70% | -25.88% | +0.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.11% | — |
Current DrawdownCurrent decline from peak | -1.67% | -0.12% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -4.39% | -2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.04% | +0.28% |
Volatility
IUSZ.L vs. IWDA.L - Volatility Comparison
iShares MSCI USA Mid-Cap Equal Weight UCITS ETF (IUSZ.L) has a higher volatility of 3.88% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) at 2.72%. This indicates that IUSZ.L's price experiences larger fluctuations and is considered to be riskier than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSZ.L | IWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 2.72% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.43% | 9.80% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 12.26% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.03% | 15.73% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.72% | 15.78% | +4.94% |
IUSZ.L vs. IWDA.L - Expense Ratio Comparison
Both IUSZ.L and IWDA.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IUSZ.L vs. IWDA.L - Dividend Comparison
IUSZ.L's dividend yield for the trailing twelve months is around 0.43%, while IWDA.L has not paid dividends to shareholders.
| Position | TTM |
|---|---|
IUSZ.L iShares MSCI USA Mid-Cap Equal Weight UCITS ETF | 0.43% |
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% |
Frequently Asked Questions
IUSZ.L and IWDA.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.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IUSZ.L and IWDA.L have the same expense ratio: 0.20% per year.
IUSZ.L tracks iShares MSCI USA Mid-Cap Equal Weight UCITS ETF, while IWDA.L tracks MSCI World Index (Net).
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