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IWDA.L vs. IEUR
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWDA.L vs. IEUR

Last updated Jun 14, 2026

IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and IEUR (iShares Core MSCI Europe ETF) are both exchange-traded funds - IWDA.L is a Global Equities fund tracking the MSCI World Index (Net), while IEUR is a Europe Equities fund tracking the MSCI Europe Investable Market Index. Both are passively managed. Over the past 10 years, IWDA.L returned 13.34%/yr vs 10.11%/yr for IEUR. A 0.61 correlation means they provide meaningful diversification when combined. IWDA.L charges 0.20%/yr vs 0.09%/yr for IEUR.

Performance

IWDA.L vs. IEUR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and iShares Core MSCI Europe ETF (IEUR). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IWDA.L achieves a 8.48% return, which is significantly higher than IEUR's 7.65% return. Over the past 10 years, IWDA.L has outperformed IEUR with an annualized return of 13.34%, while IEUR has yielded a comparatively lower 10.11% 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%

IEUR

1D
0.14%
1M
2.40%
YTD
7.65%
6M
9.78%
1Y
19.09%
3Y*
16.42%
5Y*
8.26%
10Y*
10.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDA.L vs. IEUR - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
IEUR
iShares Core MSCI Europe ETF		7.65%35.67%1.40%19.71%-15.90%16.71%5.31%24.95%-14.86%26.70%

Correlation

The correlation between IWDA.L and IEUR is 0.56, 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

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.59

Correlation (10Y)
Calculated over the trailing 10-year period

0.60

Correlation (All Time)
Calculated using the full available price history since Jun 12, 2014

0.61

The correlation between IWDA.L and IEUR has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

IWDA.L vs. IEUR - Sectors Allocation Comparison

Sectors
IWDA.L
IEUR

Technology

33.9%
9.4%

Financial Services

14.9%
22.5%

Industrials

9.6%
20.3%

Communication Services

9.4%
3.9%

Healthcare

8.9%
12.5%

Consumer Cyclical

8.5%
7.0%

Consumer Defensive

4.7%
7.7%

Energy

4.1%
4.9%

Basic Materials

2.5%
5.8%

Utilities

2.1%
4.4%

Real Estate

1.2%
1.5%

Technology

IWDA.L
33.9%
IEUR
9.4%

Financial Services

IWDA.L
14.9%
IEUR
22.5%

Industrials

IWDA.L
9.6%
IEUR
20.3%

Communication Services

IWDA.L
9.4%
IEUR
3.9%

Healthcare

IWDA.L
8.9%
IEUR
12.5%

Consumer Cyclical

IWDA.L
8.5%
IEUR
7.0%

Consumer Defensive

IWDA.L
4.7%
IEUR
7.7%

Energy

IWDA.L
4.1%
IEUR
4.9%

Basic Materials

IWDA.L
2.5%
IEUR
5.8%

Utilities

IWDA.L
2.1%
IEUR
4.4%

Real Estate

IWDA.L
1.2%
IEUR
1.5%

Compare stocks, funds, or ETFs

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iShares Core MSCI World UCITS ETF USD (Acc)

iShares Core MSCI Europe ETF

Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY
Often compared with IEUR:
IEUR vs. VGKIEUR vs. IEVIEUR vs. IMEU.LIEUR vs. FEZIEUR vs. EZUIEUR vs. VOOIEUR vs. EFA

Return for Risk

IWDA.L vs. IEUR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWDA.L
IWDA.L Risk / Return Rank: 6969
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7575
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6666
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
Martin Ratio Rank
IEUR
IEUR Risk / Return Rank: 3535
Overall Rank
IEUR Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
IEUR Sortino Ratio Rank: 3535
Sortino Ratio Rank
IEUR Omega Ratio Rank: 3333
Omega Ratio Rank
IEUR Calmar Ratio Rank: 3333
Calmar Ratio Rank
IEUR Martin Ratio Rank: 3939
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IWDA.L vs. IEUR - 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 Core MSCI Europe ETF (IEUR). 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.LIEURDifference
Sharpe ratioReturn per unit of total volatility
1.90
1.10

+0.80

Sortino ratioReturn per unit of downside risk
2.88
1.64

+1.24

Omega ratioGain probability vs. loss probability

1.34

1.20

+0.15

Calmar ratioReturn relative to maximum drawdown

2.80

1.44

+1.35

Martin ratioReturn relative to average drawdown

11.55

5.40

+6.15

IWDA.L vs. IEUR - Sharpe Ratio Comparison

The current IWDA.L Sharpe Ratio is 1.90, which is higher than the IEUR Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of IWDA.L and IEUR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

IWDA.L vs. IEUR - Drawdown Comparison

The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum IEUR drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for IWDA.L and IEUR.

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Drawdown Indicators

IWDA.LIEURDifference

Max Drawdown

Largest peak-to-trough decline

-34.11%

-36.96%

+2.85%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-12.04%

+3.73%

Max Drawdown (3Y)

Largest decline over 3 years

-16.94%

-14.25%

-2.69%

Max Drawdown (5Y)

Largest decline over 5 years

-25.88%

-32.75%

+6.87%

Max Drawdown (10Y)

Largest decline over 10 years

-34.11%

-36.96%

+2.85%

Current Drawdown

Current decline from peak

-1.65%

-0.44%

-1.21%

Average Drawdown

Average peak-to-trough decline

-4.41%

-8.21%

+3.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

3.22%

-1.20%

Volatility

IWDA.L vs. IEUR - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 3.96%, while iShares Core MSCI Europe ETF (IEUR) has a volatility of 5.70%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDA.LIEURDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.96%

5.70%

-1.74%

Volatility (6M)

Calculated over the trailing 6-month period

9.61%

13.31%

-3.70%

Volatility (1Y)

Calculated over the trailing 1-year period

12.26%

15.83%

-3.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.72%

17.81%

-2.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.92%

18.68%

-2.76%

IWDA.L vs. IEUR - Expense Ratio Comparison

IWDA.L has a 0.20% expense ratio, which is higher than IEUR's 0.09% 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. IEUR - Dividend Comparison

IWDA.L has not paid dividends to shareholders, while IEUR's dividend yield for the trailing twelve months is around 2.76%.

PositionTTM20252024202320222021202020192018201720162015
IEUR
iShares Core MSCI Europe ETF		2.76%2.97%3.54%3.17%3.05%2.88%2.13%3.26%3.76%2.64%3.19%2.79%
IWDA.L
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%

Frequently Asked Questions

IWDA.L and IEUR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEUR is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEUR is cheaper with a 0.09% expense ratio, compared with 0.20% for IWDA.L.

IWDA.L is categorized as Global Equities, while IEUR is Europe Equities. IWDA.L tracks MSCI World Index (Net), while IEUR tracks MSCI Europe Investable Market Index. Their fees differ too: 0.20% for IWDA.L and 0.09% for IEUR.

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