IWDA.L vs. ^STOXX
IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) is Global Equities fund tracking the MSCI World Index (Net), while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, IWDA.L returned 13.34%/yr vs 7.39%/yr for ^STOXX. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
IWDA.L vs. ^STOXX - Performance Comparison
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Different Trading Currencies
IWDA.L is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDA.L achieves a 8.48% return, which is significantly higher than ^STOXX's 5.17% return. Over the past 10 years, IWDA.L has outperformed ^STOXX with an annualized return of 13.34%, while ^STOXX has yielded a comparatively lower 7.39% annualized return.
IWDA.L
- 1D
- 2.15%
- 1M
- -0.15%
- YTD
- 8.48%
- 6M
- 9.90%
- 1Y
- 23.88%
- 3Y*
- 19.55%
- 5Y*
- 11.47%
- 10Y*
- 13.34%
^STOXX
- 1D
- 1.77%
- 1M
- 2.27%
- YTD
- 5.17%
- 6M
- 7.89%
- 1Y
- 16.36%
- 3Y*
- 13.57%
- 5Y*
- 5.74%
- 10Y*
- 7.39%
IWDA.L vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 8.48% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 22.75% |
^STOXX STOXX Europe 600 Index | 5.17% | 32.56% | -0.63% | 16.30% | -17.85% | 12.47% | 5.57% | 21.16% | -17.67% | 22.91% |
Correlation
The correlation between IWDA.L and ^STOXX is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2009 | 0.72 |
The correlation between IWDA.L and ^STOXX has been stable across timeframes, ranging from 0.72 to 0.80 - a consistent structural relationship.
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Return for Risk
IWDA.L vs. ^STOXX — Risk / Return Rank
IWDA.L
^STOXX
IWDA.L vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and STOXX Europe 600 Index (^STOXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWDA.L | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 1.31 | +1.48 |
| Martin ratioReturn relative to average drawdown | 11.55 | 4.43 | +7.12 |
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Drawdowns
IWDA.L vs. ^STOXX - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum ^STOXX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for IWDA.L and ^STOXX.
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Drawdown Indicators
| IWDA.L | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -64.60% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -11.59% | +3.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -15.22% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -33.96% | +8.08% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | -39.58% | +5.47% |
Current DrawdownCurrent decline from peak | -1.65% | -2.22% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -22.90% | +18.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 3.43% | -1.41% |
Volatility
IWDA.L vs. ^STOXX - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and STOXX Europe 600 Index (^STOXX) have volatilities of 3.96% and 3.90%, 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.L | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 3.90% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.61% | 12.00% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 14.51% | -2.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.72% | 17.52% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.92% | 17.76% | -1.84% |
Frequently Asked Questions
IWDA.L and ^STOXX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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