IWDA.AS vs. IWRD.AS
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and IWRD.AS (iShares MSCI World UCITS ETF) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWDA.AS returned 12.88%/yr vs 12.57%/yr for IWRD.AS. With a 0.97 correlation, they move nearly in lockstep. IWDA.AS charges 0.20%/yr vs 0.50%/yr for IWRD.AS.
Performance
IWDA.AS vs. IWRD.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IWDA.AS having a 11.10% return and IWRD.AS slightly lower at 11.01%. Both investments have delivered pretty close results over the past 10 years, with IWDA.AS having a 12.88% annualized return and IWRD.AS not far behind at 12.57%.
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%
IWRD.AS
- 1D
- -0.25%
- 1M
- 5.53%
- YTD
- 11.01%
- 6M
- 11.58%
- 1Y
- 23.56%
- 3Y*
- 17.32%
- 5Y*
- 12.58%
- 10Y*
- 12.57%
IWDA.AS vs. IWRD.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% |
IWRD.AS iShares MSCI World UCITS ETF | 11.01% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
Correlation
The correlation between IWDA.AS and IWRD.AS is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2009 | 0.97 |
The correlation between IWDA.AS and IWRD.AS has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. IWRD.AS — Risk / Return Rank
IWDA.AS
IWRD.AS
IWDA.AS vs. IWRD.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 MSCI World UCITS ETF (IWRD.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 | IWRD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 3.48 | +0.17 |
| Martin ratioReturn relative to average drawdown | 14.56 | 13.70 | +0.85 |
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 | IWRD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.12 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.88 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.82 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.50 | +0.32 |
Drawdowns
IWDA.AS vs. IWRD.AS - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, smaller than the maximum IWRD.AS drawdown of -52.51%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and IWRD.AS.
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Drawdown Indicators
| IWDA.AS | IWRD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -52.51% | +18.88% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.69% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -21.50% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.50% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.71% | +0.08% |
Current DrawdownCurrent decline from peak | -0.31% | -0.25% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -8.84% | +4.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.71% | -0.08% |
Volatility
IWDA.AS vs. IWRD.AS - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and iShares MSCI World UCITS ETF (IWRD.AS) have volatilities of 2.79% and 2.81%, 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.
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Volatility by Period
| IWDA.AS | IWRD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.81% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 7.72% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 11.04% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 14.14% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 15.16% | -0.16% |
IWDA.AS vs. IWRD.AS - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than IWRD.AS's 0.50% expense ratio.
Dividends
IWDA.AS vs. IWRD.AS - Dividend Comparison
IWDA.AS has not paid dividends to shareholders, while IWRD.AS's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
Frequently Asked Questions
With a correlation of 0.99, IWDA.AS and IWRD.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, 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 IWRD.AS.
Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.20% for IWDA.AS and 0.50% for IWRD.AS.
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