IWDA.L vs. G500.L
IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) are both Global Equities funds - IWDA.L tracks the MSCI World Index (Net) while G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg). Both are passively managed. Over the past 5 years, IWDA.L returned 11.60%/yr vs 11.80%/yr for G500.L. Their correlation of 0.90 suggests significant overlap in exposure. IWDA.L charges 0.20%/yr vs 0.05%/yr for G500.L.
Performance
IWDA.L vs. G500.L - Performance Comparison
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Different Trading Currencies
IWDA.L is traded in USD, while G500.L is traded in GBp. To make them comparable, the G500.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IWDA.L having a 10.17% return and G500.L slightly higher at 10.60%.
IWDA.L
- 1D
- 0.19%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.17%
- 1Y
- 22.01%
- 3Y*
- 18.87%
- 5Y*
- 11.60%
- 10Y*
- 12.99%
G500.L
- 1D
- 0.00%
- 1M
- 0.92%
- 6M
- 10.32%
- YTD
- 10.60%
- 1Y
- 22.54%
- 3Y*
- 21.04%
- 5Y*
- 11.80%
- 10Y*
- —
IWDA.L vs. G500.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 24.57% |
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 10.60% | 26.32% | 22.89% | 31.47% | -28.53% | 27.78% | 32.88% |
Correlation
The correlation between IWDA.L and G500.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.90 |
The correlation between IWDA.L and G500.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
IWDA.L vs. G500.L — Risk / Return Rank
IWDA.L
G500.L
IWDA.L vs. G500.L - 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 Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L). 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 | G500.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.82 | +0.82 |
| Martin ratioReturn relative to average drawdown | 10.75 | 6.85 | +3.91 |
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Drawdowns
IWDA.L vs. G500.L - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum G500.L drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for IWDA.L and G500.L.
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Drawdown Indicators
| IWDA.L | G500.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -39.54% | +5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -12.56% | +4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -17.75% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -39.54% | +13.66% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.10% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -8.08% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 3.34% | -1.30% |
Volatility
IWDA.L vs. G500.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 2.72%, while Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) has a volatility of 3.57%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than G500.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDA.L | G500.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 3.57% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 11.66% | -1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 14.98% | -2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 20.37% | -4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 20.09% | -4.31% |
IWDA.L vs. G500.L - Expense Ratio Comparison
IWDA.L has a 0.20% expense ratio, which is higher than G500.L's 0.05% 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.L vs. G500.L - Dividend Comparison
Neither IWDA.L nor G500.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, IWDA.L and G500.L 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, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.20% for IWDA.L.
IWDA.L tracks MSCI World Index (Net), while G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg). They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IWDA.L and 0.05% for G500.L.
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