IWDA.L vs. ISX5.L

Last updated Jun 14, 2026

IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) are both exchange-traded funds - IWDA.L is a Global Equities fund tracking the MSCI World Index (Net), while ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, IWDA.L returned 13.34%/yr vs 13.05%/yr for ISX5.L. A 0.75 correlation means they provide meaningful diversification when combined. IWDA.L charges 0.20%/yr vs 0.00%/yr for ISX5.L.

Performance

IWDA.L vs. ISX5.L - 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 EURO STOXX 50 UCITS ETF (ISX5.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IWDA.L achieves a 8.48% return, which is significantly higher than ISX5.L's 7.24% return. Both investments have delivered pretty close results over the past 10 years, with IWDA.L having a 13.34% annualized return and ISX5.L not far behind at 13.05%.

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%

ISX5.L

• 1D: 2.46%
• 1M: 3.59%
• YTD: 7.24%
• 6M: 8.56%
• 1Y: 19.84%
• 3Y*: 18.31%
• 5Y*: 10.63%
• 10Y*: 13.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDA.L vs. ISX5.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)	8.48%	21.03%	19.11%	24.27%	-18.11%	22.19%	16.06%	27.13%	-9.01%	22.75%
ISX5.L iShares Core EURO STOXX 50 UCITS ETF	7.24%	37.35%	4.59%	26.91%	-13.63%	13.94%	6.81%	25.61%	1.58%	9.70%

Correlation

The correlation between IWDA.L and ISX5.L is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010	0.75

The correlation between IWDA.L and ISX5.L has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.

IWDA.L vs. ISX5.L - Sectors Allocation Comparison

Sectors	IWDA.L	ISX5.L
Technology	33.9%	18.7%
Financial Services	14.9%	24.5%
Industrials	9.6%	20.7%
Communication Services	9.4%	2.4%
Healthcare	8.9%	5.2%
Consumer Cyclical	8.5%	9.9%
Consumer Defensive	4.7%	5.6%
Energy	4.1%	5.0%
Basic Materials	2.5%	3.5%
Utilities	2.1%	4.6%
Real Estate	1.2%	-

Return for Risk

IWDA.L vs. ISX5.L — 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: 69
IWDA.L Sharpe Ratio Rank: 67
IWDA.L Sortino Ratio Rank: 75
IWDA.L Omega Ratio Rank: 66
IWDA.L Calmar Ratio Rank: 64
IWDA.L Martin Ratio Rank: 72

ISX5.L

ISX5.L Risk / Return Rank: 32
ISX5.L Sharpe Ratio Rank: 31
ISX5.L Sortino Ratio Rank: 32
ISX5.L Omega Ratio Rank: 31
ISX5.L Calmar Ratio Rank: 32
ISX5.L Martin Ratio Rank: 35

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. ISX5.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 Core EURO STOXX 50 UCITS ETF (ISX5.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	ISX5.L	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.98	+0.91
Sortino ratio: Return per unit of downside risk	2.88	1.55	+1.33
Omega ratio: Gain probability vs. loss probability	1.34	1.19	+0.16
Calmar ratio: Return relative to maximum drawdown	2.80	1.39	+1.40
Martin ratio: Return relative to average drawdown	11.55	4.69	+6.86

IWDA.L vs. ISX5.L - Sharpe Ratio Comparison

The current IWDA.L Sharpe Ratio is 1.90, which is higher than the ISX5.L Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of IWDA.L and ISX5.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IWDA.L vs. ISX5.L - Drawdown Comparison

The maximum IWDA.L drawdown since its inception was -34.11%, smaller than the maximum ISX5.L drawdown of -38.62%. Use the drawdown chart below to compare losses from any high point for IWDA.L and ISX5.L.

Drawdown Indicators

	IWDA.L	ISX5.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.11%	-38.62%	+4.51%
Max Drawdown (1Y) Largest decline over 1 year	-8.31%	-12.92%	+4.61%
Max Drawdown (3Y) Largest decline over 3 years	-16.94%	-15.36%	-1.58%
Max Drawdown (5Y) Largest decline over 5 years	-25.88%	-34.86%	+8.98%
Max Drawdown (10Y) Largest decline over 10 years	-34.11%	-38.62%	+4.51%
Current Drawdown Current decline from peak	-1.65%	-0.19%	-1.46%
Average Drawdown Average peak-to-trough decline	-4.41%	-8.34%	+3.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	3.85%	-1.83%

Volatility

IWDA.L vs. ISX5.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 3.96%, while iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a volatility of 5.29%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than ISX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWDA.L	ISX5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.96%	5.29%	-1.33%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	15.25%	-5.64%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	18.30%	-6.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.72%	21.91%	-6.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.92%	21.97%	-6.05%

IWDA.L vs. ISX5.L - Expense Ratio Comparison

IWDA.L has a 0.20% expense ratio, which is higher than ISX5.L's 0.00% 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. ISX5.L - Dividend Comparison

Neither IWDA.L nor ISX5.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IWDA.L and ISX5.L in my portfolio?

IWDA.L and ISX5.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWDA.L or ISX5.L?

On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWDA.L or ISX5.L?

ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.20% for IWDA.L.

What is the main difference between IWDA.L and ISX5.L?

IWDA.L is categorized as Global Equities, while ISX5.L is Europe Equities. IWDA.L tracks MSCI World Index (Net), while ISX5.L tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for IWDA.L and 0.00% for ISX5.L.