IWDA.AS vs. VWRL.AS
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both Global Equities funds - IWDA.AS tracks the MSCI ACWI NR USD while VWRL.AS tracks the FTSE All-World Index. Both are passively managed. Over the past 10 years, IWDA.AS returned 12.88%/yr vs 12.48%/yr for VWRL.AS. With a 0.99 correlation, they move nearly in lockstep. IWDA.AS charges 0.20%/yr vs 0.19%/yr for VWRL.AS.
Performance
IWDA.AS vs. VWRL.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 VWRL.AS's 13.10% return. Both investments have delivered pretty close results over the past 10 years, with IWDA.AS having a 12.88% annualized return and VWRL.AS not far behind at 12.48%.
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%
VWRL.AS
- 1D
- -0.42%
- 1M
- 6.19%
- YTD
- 13.10%
- 6M
- 13.88%
- 1Y
- 26.87%
- 3Y*
- 18.01%
- 5Y*
- 12.33%
- 10Y*
- 12.48%
IWDA.AS vs. VWRL.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% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 13.10% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
Correlation
The correlation between IWDA.AS and VWRL.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 | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.99 |
The correlation between IWDA.AS and VWRL.AS has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
IWDA.AS vs. VWRL.AS — Risk / Return Rank
IWDA.AS
VWRL.AS
IWDA.AS vs. VWRL.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 All-World UCITS ETF (USD) Distributing (VWRL.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 | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.45 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 4.06 | -0.41 |
| Martin ratioReturn relative to average drawdown | 14.56 | 16.76 | -2.20 |
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 | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.38 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.89 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 0.83 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.77 | +0.05 |
Drawdowns
IWDA.AS vs. VWRL.AS - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, roughly equal to the maximum VWRL.AS drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and VWRL.AS.
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Drawdown Indicators
| IWDA.AS | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.27% | -0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.53% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -21.00% | -0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.00% | -0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.27% | -0.36% |
Current DrawdownCurrent decline from peak | -0.31% | -0.42% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -4.38% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.59% | +0.04% |
Volatility
IWDA.AS vs. VWRL.AS - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 2.79%, while Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) has a volatility of 3.23%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than VWRL.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 | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.23% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 8.02% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 11.20% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 13.70% | +0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 14.82% | +0.18% |
IWDA.AS vs. VWRL.AS - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is higher than VWRL.AS's 0.19% 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. VWRL.AS - Dividend Comparison
IWDA.AS has not paid dividends to shareholders, while VWRL.AS's dividend yield for the trailing twelve months is around 1.24%.
| 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% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
With a correlation of 0.99, IWDA.AS and VWRL.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, VWRL.AS is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.AS is cheaper with a 0.19% expense ratio, compared with 0.20% for IWDA.AS.
IWDA.AS tracks MSCI ACWI NR USD, while VWRL.AS tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IWDA.AS and 0.19% for VWRL.AS.
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