IWDE.L vs. INFR.L

Last updated Jun 5, 2026

IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) and INFR.L (iShares Global Infrastructure UCITS ETF USD (Dist)) are both exchange-traded funds - IWDE.L is a Global Equities fund tracking the MSCI World 100% Hedged to EUR Index, while INFR.L is a Utilities Equities fund tracking the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 10 years, IWDE.L returned 11.23%/yr vs 7.63%/yr for INFR.L. At a 0.47 correlation, their price movements are largely independent. IWDE.L charges 0.55%/yr vs 0.65%/yr for INFR.L.

Performance

IWDE.L vs. INFR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IWDE.L is traded in EUR, while INFR.L is traded in GBp. To make them comparable, the INFR.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDE.L achieves a 9.11% return, which is significantly lower than INFR.L's 10.50% return. Over the past 10 years, IWDE.L has outperformed INFR.L with an annualized return of 11.23%, while INFR.L has yielded a comparatively lower 7.63% annualized return.

IWDE.L

• 1D: 0.10%
• 1M: 4.30%
• YTD: 9.11%
• 6M: 9.93%
• 1Y: 23.80%
• 3Y*: 18.40%
• 5Y*: 10.58%
• 10Y*: 11.23%

INFR.L

• 1D: -1.33%
• 1M: -2.42%
• YTD: 10.50%
• 6M: 9.53%
• 1Y: 13.25%
• 3Y*: 9.16%
• 5Y*: 7.47%
• 10Y*: 7.63%

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

IWDE.L vs. INFR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc)	9.11%	16.39%	19.76%	21.13%	-18.36%	23.42%	11.49%	23.65%	-10.06%	16.85%
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist)	10.52%	0.38%	16.87%	-2.94%	0.31%	27.32%	-9.87%	28.50%	3.10%	1.26%

Correlation

The correlation between IWDE.L and INFR.L is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 12, 2010	0.47

Over the past year, the correlation between IWDE.L and INFR.L has dropped to 0.01 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

IWDE.L vs. INFR.L - Sectors Allocation Comparison

Sectors	IWDE.L	INFR.L
Technology	38.7%	0.7%
Financial Services	13.0%	0.0%
Communication Services	11.0%	1.0%
Consumer Cyclical	8.8%	-
Healthcare	8.8%	-
Industrials	6.6%	20.8%
Consumer Defensive	4.6%	-
Energy	3.1%	16.4%
Basic Materials	1.6%	-
Utilities	1.5%	56.0%
Real Estate	0.8%	5.0%

Return for Risk

IWDE.L vs. INFR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IWDE.L

IWDE.L Risk / Return Rank: 66
IWDE.L Sharpe Ratio Rank: 64
IWDE.L Sortino Ratio Rank: 68
IWDE.L Omega Ratio Rank: 66
IWDE.L Calmar Ratio Rank: 62
IWDE.L Martin Ratio Rank: 71

INFR.L

INFR.L Risk / Return Rank: 49
INFR.L Sharpe Ratio Rank: 45
INFR.L Sortino Ratio Rank: 44
INFR.L Omega Ratio Rank: 42
INFR.L Calmar Ratio Rank: 64
INFR.L Martin Ratio Rank: 48

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.

IWDE.L vs. INFR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.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.

	IWDE.L	INFR.L	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.27	+0.83
Sortino ratio: Return per unit of downside risk	3.06	1.83	+1.24
Omega ratio: Gain probability vs. loss probability	1.39	1.22	+0.17
Calmar ratio: Return relative to maximum drawdown	3.03	2.98	+0.05
Martin ratio: Return relative to average drawdown	13.08	7.07	+6.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDE.L vs. INFR.L - Sharpe Ratio Comparison

The current IWDE.L Sharpe Ratio is 2.10, which is higher than the INFR.L Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of IWDE.L and INFR.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.

Sharpe Ratios by Period

	IWDE.L	INFR.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	1.27	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.58	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.53	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.41	+0.29

Drawdowns

IWDE.L vs. INFR.L - Drawdown Comparison

The maximum IWDE.L drawdown since its inception was -33.32%, smaller than the maximum INFR.L drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for IWDE.L and INFR.L.

Drawdown Indicators

	IWDE.L	INFR.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.32%	-40.65%	+7.33%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-4.43%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-17.50%	-13.43%	-4.07%
Max Drawdown (5Y) Largest decline over 5 years	-23.72%	-24.37%	+0.65%
Max Drawdown (10Y) Largest decline over 10 years	-33.32%	-34.06%	+0.74%
Current Drawdown Current decline from peak	-0.36%	-2.96%	+2.60%
Average Drawdown Average peak-to-trough decline	-4.50%	-9.39%	+4.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	1.87%	-0.06%

Volatility

IWDE.L vs. INFR.L - Volatility Comparison

The current volatility for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) is 3.10%, while iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) has a volatility of 3.88%. This indicates that IWDE.L experiences smaller price fluctuations and is considered to be less risky than INFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWDE.L	INFR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.10%	3.88%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	8.58%	8.55%	+0.03%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	10.43%	+0.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	12.83%	+2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.37%	14.47%	+0.90%

IWDE.L vs. INFR.L - Expense Ratio Comparison

IWDE.L has a 0.55% expense ratio, which is lower than INFR.L's 0.65% expense ratio.

Dividends

IWDE.L vs. INFR.L - Dividend Comparison

IWDE.L has not paid dividends to shareholders, while INFR.L's dividend yield for the trailing twelve months is around 2.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INFR.L iShares Global Infrastructure UCITS ETF USD (Dist)	2.82%	2.97%	2.96%	3.02%	2.54%	2.60%	2.84%	2.70%	2.99%	3.51%	3.45%	4.75%
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (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

Can I hold both IWDE.L and INFR.L in my portfolio?

IWDE.L and INFR.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWDE.L or INFR.L?

On fees, IWDE.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWDE.L or INFR.L?

IWDE.L is cheaper with a 0.55% expense ratio, compared with 0.65% for INFR.L.

What is the main difference between IWDE.L and INFR.L?

IWDE.L is categorized as Global Equities, while INFR.L is Utilities Equities. IWDE.L tracks MSCI World 100% Hedged to EUR Index, while INFR.L tracks FTSE Global Core Infrastructure Index. Their fees differ too: 0.55% for IWDE.L and 0.65% for INFR.L.