IWDA.AS vs. WPAD.AS
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and WPAD.AS (iShares MSCI World Paris-Aligned Climate UCITS ETF) are both Global Equities funds from iShares tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IWDA.AS returned 12.89%/yr vs 11.87%/yr for WPAD.AS. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
IWDA.AS vs. WPAD.AS - Performance Comparison
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Different Trading Currencies
IWDA.AS is traded in EUR, while WPAD.AS is traded in USD. To make them comparable, the WPAD.AS 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 11.10% return, which is significantly higher than WPAD.AS's 7.56% 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%
WPAD.AS
- 1D
- -0.37%
- 1M
- 5.31%
- YTD
- 7.56%
- 6M
- 8.59%
- 1Y
- 19.57%
- 3Y*
- 15.69%
- 5Y*
- 11.87%
- 10Y*
- —
IWDA.AS vs. WPAD.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.10% | 7.08% | 27.23% | 19.89% | -13.54% | 17.78% |
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 7.56% | 5.45% | 26.11% | 21.09% | -17.55% | 19.50% |
Correlation
The correlation between IWDA.AS and WPAD.AS is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2021 | 0.56 |
Over the past year, IWDA.AS and WPAD.AS have become more correlated (0.85) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
IWDA.AS vs. WPAD.AS — Risk / Return Rank
IWDA.AS
WPAD.AS
IWDA.AS vs. WPAD.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 Paris-Aligned Climate UCITS ETF (WPAD.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 | WPAD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.37 | +1.28 |
| Martin ratioReturn relative to average drawdown | 14.56 | 8.17 | +6.38 |
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 | WPAD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.60 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 1.03 | -0.13 |
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 | 0.97 | -0.15 |
Drawdowns
IWDA.AS vs. WPAD.AS - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than WPAD.AS's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and WPAD.AS.
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Drawdown Indicators
| IWDA.AS | WPAD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -21.37% | -12.26% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -8.89% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -21.37% | -0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -21.37% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.37% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -5.54% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.53% | -0.90% |
Volatility
IWDA.AS vs. WPAD.AS - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 2.79%, while iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) has a volatility of 3.49%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than WPAD.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 | WPAD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.49% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 9.83% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.96% | 13.21% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 19.09% | -5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 19.08% | -4.08% |
IWDA.AS vs. WPAD.AS - Expense Ratio Comparison
Both IWDA.AS and WPAD.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IWDA.AS vs. WPAD.AS - Dividend Comparison
IWDA.AS has not paid dividends to shareholders, while WPAD.AS's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 0.98% | 1.05% | 1.10% | 1.23% | 1.48% | 0.28% |
Frequently Asked Questions
IWDA.AS and WPAD.AS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS and WPAD.AS have the same expense ratio: 0.20% per year.
Both ETFs track MSCI ACWI NR USD.
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