IWDA.AS vs. CSPX.AS
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IWDA.AS returned 12.88%/yr vs 15.02%/yr for CSPX.AS. With a 0.97 correlation, they move nearly in lockstep. IWDA.AS charges 0.20%/yr vs 0.07%/yr for CSPX.AS.
Performance
IWDA.AS vs. CSPX.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IWDA.AS having a 11.10% return and CSPX.AS slightly higher at 11.63%. Over the past 10 years, IWDA.AS has underperformed CSPX.AS with an annualized return of 12.88%, while CSPX.AS has yielded a comparatively higher 15.02% annualized return.
IWDA.AS
- 1D
- -0.31%
- 1M
- 5.58%
- YTD
- 11.10%
- 6M
- 11.60%
- 1Y
- 23.84%
- 3Y*
- 17.67%
- 5Y*
- 12.89%
- 10Y*
- 12.88%
CSPX.AS
- 1D
- -0.30%
- 1M
- 6.08%
- YTD
- 11.63%
- 6M
- 11.61%
- 1Y
- 25.69%
- 3Y*
- 19.12%
- 5Y*
- 14.80%
- 10Y*
- 15.02%
IWDA.AS vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.10% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.63% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
Correlation
The correlation between IWDA.AS and CSPX.AS is 0.97 - 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 | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 6, 2014 | 0.97 |
The correlation between IWDA.AS and CSPX.AS has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. CSPX.AS — Risk / Return Rank
IWDA.AS
CSPX.AS
IWDA.AS vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and iShares Core S&P 500 UCITS ETF (CSPX.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.
| IWDA.AS | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.57 | +0.08 |
| Martin ratioReturn relative to average drawdown | 14.56 | 12.76 | +1.79 |
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
| IWDA.AS | CSPX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.25 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.96 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.92 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.93 | -0.10 |
Drawdowns
IWDA.AS vs. CSPX.AS - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, roughly equal to the maximum CSPX.AS drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and CSPX.AS.
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Drawdown Indicators
| IWDA.AS | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.65% | +0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -7.11% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -23.37% | +1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -23.37% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.65% | +0.02% |
Current DrawdownCurrent decline from peak | -0.31% | -0.30% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.29% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.00% | -0.37% |
Volatility
IWDA.AS vs. CSPX.AS - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a higher volatility of 2.79% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 2.64%. This indicates that IWDA.AS's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.AS | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.64% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 7.37% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 11.36% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 15.13% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 16.05% | -1.05% |
IWDA.AS vs. CSPX.AS - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is higher than CSPX.AS's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWDA.AS vs. CSPX.AS - Dividend Comparison
Neither IWDA.AS nor CSPX.AS has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, IWDA.AS and CSPX.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, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for IWDA.AS.
IWDA.AS is categorized as Global Equities, while CSPX.AS is S&P 500. IWDA.AS tracks MSCI ACWI NR USD, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.20% for IWDA.AS and 0.07% for CSPX.AS.
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