IWDA.AS vs. VEVE.AS
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and VEVE.AS (Vanguard FTSE Developed World UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and Vanguard respectively. Both are passively managed. Over the past 10 years, IWDA.AS returned 12.88%/yr vs 13.05%/yr for VEVE.AS. With a 0.98 correlation, they move nearly in lockstep. IWDA.AS charges 0.20%/yr vs 0.12%/yr for VEVE.AS.
Performance
IWDA.AS vs. VEVE.AS - 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 VEVE.AS's 13.12% return. Both investments have delivered pretty close results over the past 10 years, with IWDA.AS having a 12.88% annualized return and VEVE.AS not far ahead at 13.05%.
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%
VEVE.AS
- 1D
- -0.29%
- 1M
- 6.37%
- YTD
- 13.12%
- 6M
- 14.07%
- 1Y
- 26.84%
- 3Y*
- 18.43%
- 5Y*
- 13.19%
- 10Y*
- 13.05%
IWDA.AS vs. VEVE.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% |
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 13.12% | 8.22% | 26.33% | 19.38% | -13.20% | 31.47% | 6.50% | 29.40% | -4.85% | 8.40% |
Correlation
The correlation between IWDA.AS and VEVE.AS is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.98 |
The correlation between IWDA.AS and VEVE.AS has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. VEVE.AS — Risk / Return Rank
IWDA.AS
VEVE.AS
IWDA.AS vs. VEVE.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 Vanguard FTSE Developed World UCITS ETF (VEVE.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 | VEVE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.28 | -0.63 |
| Martin ratioReturn relative to average drawdown | 14.56 | 17.61 | -3.06 |
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 | VEVE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.39 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.93 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.73 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.35 | +0.47 |
Drawdowns
IWDA.AS vs. VEVE.AS - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, roughly equal to the maximum VEVE.AS drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and VEVE.AS.
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Drawdown Indicators
| IWDA.AS | VEVE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.57% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.19% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -21.08% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.08% | -0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.57% | -0.06% |
Current DrawdownCurrent decline from peak | -0.31% | -0.29% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -6.76% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.51% | +0.12% |
Volatility
IWDA.AS vs. VEVE.AS - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 2.79%, while Vanguard FTSE Developed World UCITS ETF (VEVE.AS) has a volatility of 3.03%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than VEVE.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 | VEVE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.03% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 7.88% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 11.13% | -0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 13.90% | +0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 17.61% | -2.61% |
IWDA.AS vs. VEVE.AS - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is higher than VEVE.AS's 0.12% 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. VEVE.AS - Dividend Comparison
IWDA.AS has not paid dividends to shareholders, while VEVE.AS's dividend yield for the trailing twelve months is around 1.23%.
| 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% |
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 1.23% | 1.41% | 1.46% | 1.73% | 2.04% | 1.43% | 1.61% | 1.89% | 2.28% | 1.97% | 1.98% | 2.05% |
Frequently Asked Questions
With a correlation of 0.98, IWDA.AS and VEVE.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, VEVE.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEVE.AS is cheaper with a 0.12% expense ratio, compared with 0.20% for IWDA.AS.
Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IWDA.AS and 0.12% for VEVE.AS.
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