IWDA.L vs. ICOM.L
IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and ICOM.L (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - IWDA.L is a Global Equities fund tracking the MSCI World Index (Net), while ICOM.L is a Commodities fund tracking the Bloomberg Commodity (Total Return Index). Both are passively managed. Over the past 5 years, IWDA.L returned 11.60%/yr vs 10.19%/yr for ICOM.L. At a 0.27 correlation, their price movements are largely independent. IWDA.L charges 0.20%/yr vs 0.19%/yr for ICOM.L.
Performance
IWDA.L vs. ICOM.L - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.L achieves a 10.17% return, which is significantly lower than ICOM.L's 20.07% return.
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%
ICOM.L
- 1D
- -0.10%
- 1M
- 1.48%
- 6M
- 15.33%
- YTD
- 20.07%
- 1Y
- 30.14%
- 3Y*
- 12.52%
- 5Y*
- 10.19%
- 10Y*
- —
IWDA.L vs. ICOM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.17% | 21.03% | 19.11% | 24.27% | -18.11% | 22.19% | 16.06% | 27.13% | -9.01% | 9.44% |
ICOM.L iShares Diversified Commodity Swap UCITS ETF | 20.07% | 16.57% | 4.40% | -7.51% | 14.83% | 27.05% | -3.74% | 6.82% | -10.21% | 5.80% |
Correlation
The correlation between IWDA.L and ICOM.L is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.27 |
The correlation between IWDA.L and ICOM.L shifts across timeframes, from -0.10 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWDA.L vs. ICOM.L — Risk / Return Rank
IWDA.L
ICOM.L
IWDA.L vs. ICOM.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 iShares Diversified Commodity Swap UCITS ETF (ICOM.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 | ICOM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.08 | +0.55 |
| Martin ratioReturn relative to average drawdown | 10.75 | 6.71 | +4.05 |
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Drawdowns
IWDA.L vs. ICOM.L - Drawdown Comparison
The maximum IWDA.L drawdown since its inception was -34.11%, roughly equal to the maximum ICOM.L drawdown of -33.13%. Use the drawdown chart below to compare losses from any high point for IWDA.L and ICOM.L.
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Drawdown Indicators
| IWDA.L | ICOM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.11% | -33.13% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -14.39% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -14.39% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -25.88% | -26.74% | +0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -34.11% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -8.81% | +8.69% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -12.41% | +8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 4.48% | -2.44% |
Volatility
IWDA.L vs. ICOM.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 2.72%, while iShares Diversified Commodity Swap UCITS ETF (ICOM.L) has a volatility of 4.69%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than ICOM.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 | ICOM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 4.69% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 15.21% | -5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 17.14% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 16.54% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.78% | 14.97% | +0.81% |
IWDA.L vs. ICOM.L - Expense Ratio Comparison
IWDA.L has a 0.20% expense ratio, which is higher than ICOM.L'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.L vs. ICOM.L - Dividend Comparison
Neither IWDA.L nor ICOM.L has paid dividends to shareholders.
Frequently Asked Questions
IWDA.L and ICOM.L have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ICOM.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ICOM.L is cheaper with a 0.19% expense ratio, compared with 0.20% for IWDA.L.
IWDA.L is categorized as Global Equities, while ICOM.L is Commodities. IWDA.L tracks MSCI World Index (Net), while ICOM.L tracks Bloomberg Commodity (Total Return Index). Their fees differ too: 0.20% for IWDA.L and 0.19% for ICOM.L.
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