IWDA.AS vs. DGRO
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI World Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, IWDA.AS returned 12.81%/yr vs 12.98%/yr for DGRO. A 0.57 correlation means they provide meaningful diversification when combined. IWDA.AS charges 0.20%/yr vs 0.08%/yr for DGRO.
Performance
IWDA.AS vs. DGRO - Performance Comparison
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Different Trading Currencies
IWDA.AS is traded in EUR, while DGRO is traded in USD. To make them comparable, the DGRO values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDA.AS achieves a 11.06% return, which is significantly higher than DGRO's 10.47% return. Both investments have delivered pretty close results over the past 10 years, with IWDA.AS having a 12.81% annualized return and DGRO not far ahead at 12.98%.
IWDA.AS
- 1D
- -0.03%
- 1M
- 3.65%
- YTD
- 11.06%
- 6M
- 10.90%
- 1Y
- 23.22%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
DGRO
- 1D
- -0.41%
- 1M
- 4.91%
- YTD
- 10.47%
- 6M
- 10.25%
- 1Y
- 20.42%
- 3Y*
- 13.94%
- 5Y*
- 11.85%
- 10Y*
- 12.98%
IWDA.AS vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
DGRO iShares Core Dividend Growth ETF | 10.47% | 1.96% | 24.32% | 7.16% | -2.20% | 36.12% | 0.47% | 32.80% | 2.20% | 7.88% |
Correlation
The correlation between IWDA.AS and DGRO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2014 | 0.57 |
The correlation between IWDA.AS and DGRO shifts across timeframes, from 0.43 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWDA.AS vs. DGRO — Risk / Return Rank
IWDA.AS
DGRO
IWDA.AS vs. DGRO - 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 Dividend Growth ETF (DGRO). 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 | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.96 | -0.32 |
| Martin ratioReturn relative to average drawdown | 14.53 | 13.95 | +0.58 |
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 | DGRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.05 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.85 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 0.75 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.79 | +0.03 |
Drawdowns
IWDA.AS vs. DGRO - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, roughly equal to the maximum DGRO drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and DGRO.
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Drawdown Indicators
| IWDA.AS | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -34.35% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -5.18% | -1.27% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -19.19% | -2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -19.19% | -2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -34.35% | +0.72% |
Current DrawdownCurrent decline from peak | -0.34% | -0.41% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.31% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.47% | +0.16% |
Volatility
IWDA.AS vs. DGRO - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) has a higher volatility of 2.62% compared to iShares Core Dividend Growth ETF (DGRO) at 2.31%. This indicates that IWDA.AS's price experiences larger fluctuations and is considered to be riskier than DGRO 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 | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.31% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 7.27% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 10.04% | +0.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 13.94% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 17.32% | -2.33% |
IWDA.AS vs. DGRO - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is higher than DGRO's 0.08% 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. DGRO - Dividend Comparison
IWDA.AS has not paid dividends to shareholders, while DGRO's dividend yield for the trailing twelve months is around 1.96%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.96% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
IWDA.AS 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
IWDA.AS and DGRO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DGRO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DGRO is cheaper with a 0.08% expense ratio, compared with 0.20% for IWDA.AS.
IWDA.AS is categorized as Global Equities, while DGRO is Large Cap Growth Equities. IWDA.AS tracks MSCI World Index, while DGRO tracks Morningstar US Dividend Growth Index. Their fees differ too: 0.20% for IWDA.AS and 0.08% for DGRO.
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