IWDA.AS vs. GERD.DE
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) are both Global Equities funds - IWDA.AS tracks the MSCI ACWI NR USD while GERD.DE tracks the Solactive Gerd Kommer Multifactor Equity. Both are passively managed. Over the past year, IWDA.AS returned 23.84% vs 26.71% for GERD.DE. Their correlation of 0.83 suggests significant overlap in exposure. IWDA.AS charges 0.20%/yr vs 0.50%/yr for GERD.DE.
Performance
IWDA.AS vs. GERD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.AS achieves a 11.10% return, which is significantly lower than GERD.DE's 14.61% 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%
GERD.DE
- 1D
- -0.01%
- 1M
- 6.89%
- YTD
- 14.61%
- 6M
- 15.74%
- 1Y
- 26.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWDA.AS vs. GERD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.10% | 7.08% | 27.23% | 7.71% |
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc | 14.61% | 10.26% | 18.54% | 7.85% |
Correlation
The correlation between IWDA.AS and GERD.DE 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 (All Time) Calculated using the full available price history since Jun 22, 2023 | 0.83 |
The correlation between IWDA.AS and GERD.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. GERD.DE — Risk / Return Rank
IWDA.AS
GERD.DE
IWDA.AS vs. GERD.DE - 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 L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE). 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 | GERD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.02 | -0.38 |
| Martin ratioReturn relative to average drawdown | 14.56 | 15.80 | -1.24 |
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 | GERD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.23 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.35 | -0.53 |
Drawdowns
IWDA.AS vs. GERD.DE - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than GERD.DE's maximum drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and GERD.DE.
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Drawdown Indicators
| IWDA.AS | GERD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -19.22% | -14.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.61% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.01% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -2.24% | -2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.69% | -0.06% |
Volatility
IWDA.AS vs. GERD.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 2.79%, while L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) has a volatility of 3.37%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than GERD.DE 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 | GERD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.37% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 8.52% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 11.94% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 12.96% | +1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 12.96% | +2.04% |
IWDA.AS vs. GERD.DE - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than GERD.DE's 0.50% expense ratio.
Dividends
IWDA.AS vs. GERD.DE - Dividend Comparison
Neither IWDA.AS nor GERD.DE has paid dividends to shareholders.
Frequently Asked Questions
IWDA.AS and GERD.DE 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.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.50% for GERD.DE.
IWDA.AS tracks MSCI ACWI NR USD, while GERD.DE tracks Solactive Gerd Kommer Multifactor Equity. They also come from different issuers: iShares and LGIM Managers (Europe) Limited. Their fees differ too: 0.20% for IWDA.AS and 0.50% for GERD.DE.
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