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IWDE.L vs. O
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWDE.L vs. O

Last updated Jul 17, 2026
Documentation

IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) is Global Equities fund tracking the MSCI World 100% Hedged to EUR Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, IWDE.L returned 11.07%/yr vs 4.17%/yr for O. At a 0.10 correlation, their price movements are largely independent.

Performance

IWDE.L vs. O - 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 Realty Income Corporation (O). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWDE.L is traded in EUR, while O is traded in USD. To make them comparable, the O 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 9.63% return, which is significantly lower than O's 22.85% return. Over the past 10 years, IWDE.L has outperformed O with an annualized return of 11.07%, while O has yielded a comparatively lower 4.17% annualized return.

IWDE.L

1D
0.02%
1M
0.51%
6M
7.50%
YTD
9.63%
1Y
21.01%
3Y*
17.17%
5Y*
10.22%
10Y*
11.07%

O

1D
4.09%
1M
7.72%
6M
12.73%
YTD
22.85%
1Y
24.25%
3Y*
7.56%
5Y*
5.39%
10Y*
4.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDE.L vs. O - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IWDE.L
iShares MSCI World EUR Hedged UCITS ETF (Acc)		9.63%16.39%19.76%21.13%-18.36%23.42%11.49%23.65%-10.06%16.85%
O
Realty Income Corporation		22.85%-1.11%4.35%-7.41%-1.63%33.22%-18.88%24.01%21.38%-9.07%

Correlation

The correlation between IWDE.L and O is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.12

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

-0.06

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

0.03

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

0.08

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2010

0.10

The correlation between IWDE.L and O shifts across timeframes, from -0.12 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World EUR Hedged UCITS ETF (Acc)

Realty Income Corporation

Often compared with IWDE.L:
IWDE.L vs. IWDA.LIWDE.L vs. XUSE.ASIWDE.L vs. SWDA.LIWDE.L vs. WRDA.LIWDE.L vs. ISWD.LIWDE.L vs. MINV.LIWDE.L vs. IWVG.L
Often compared with O:
O vs. SCHDO vs. AGNCO vs. JEPIO vs. NNNO vs. WPCO vs. ADCO vs. MO

Return for Risk

IWDE.L vs. O — 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: 7171
Overall Rank
IWDE.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
IWDE.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDE.L Omega Ratio Rank: 7070
Omega Ratio Rank
IWDE.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
IWDE.L Martin Ratio Rank: 7676
Martin Ratio Rank
O
O Risk / Return Rank: 7878
Overall Rank
O Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
O Sortino Ratio Rank: 7777
Sortino Ratio Rank
O Omega Ratio Rank: 7474
Omega Ratio Rank
O Calmar Ratio Rank: 7878
Calmar Ratio Rank
O Martin Ratio Rank: 7777
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.

IWDE.L vs. O - 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 Realty Income Corporation (O). 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.

IWDE.LODifference
Sharpe ratioReturn per unit of total volatility
1.79
1.45

+0.34

Sortino ratioReturn per unit of downside risk
2.65
2.09

+0.56

Omega ratioGain probability vs. loss probability

1.33

1.25

+0.08

Calmar ratioReturn relative to maximum drawdown

2.68

2.37

+0.30

Martin ratioReturn relative to average drawdown

11.18

5.38

+5.80

IWDE.L vs. O - Sharpe Ratio Comparison

The current IWDE.L Sharpe Ratio is 1.79, which is comparable to the O Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of IWDE.L and O, 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

IWDE.L vs. O - Drawdown Comparison

The maximum IWDE.L drawdown since its inception was -33.32%, smaller than the maximum O drawdown of -48.59%. Use the drawdown chart below to compare losses from any high point for IWDE.L and O.

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Drawdown Indicators

IWDE.LODifference

Max Drawdown

Largest peak-to-trough decline

-33.32%

-48.59%

+15.27%

Max Drawdown (1Y)

Largest decline over 1 year

-7.82%

-10.26%

+2.44%

Max Drawdown (3Y)

Largest decline over 3 years

-17.50%

-23.22%

+5.72%

Max Drawdown (5Y)

Largest decline over 5 years

-23.72%

-37.26%

+13.54%

Max Drawdown (10Y)

Largest decline over 10 years

-33.32%

-48.59%

+15.27%

Current Drawdown

Current decline from peak

0.00%

-3.54%

+3.54%

Average Drawdown

Average peak-to-trough decline

-4.50%

-14.55%

+10.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.88%

4.52%

-2.64%

Volatility

IWDE.L vs. O - Volatility Comparison

The current volatility for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) is 2.67%, while Realty Income Corporation (O) has a volatility of 6.85%. This indicates that IWDE.L experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDE.LODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.67%

6.85%

-4.18%

Volatility (6M)

Calculated over the trailing 6-month period

9.18%

13.35%

-4.17%

Volatility (1Y)

Calculated over the trailing 1-year period

11.69%

16.77%

-5.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.91%

19.06%

-4.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.26%

25.92%

-10.66%

Dividends

IWDE.L vs. O - Dividend Comparison

IWDE.L has not paid dividends to shareholders, while O's dividend yield for the trailing twelve months is around 4.93%.

PositionTTM20252024202320222021202020192018201720162015
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%
O
Realty Income Corporation		4.93%6.19%5.37%5.33%4.68%3.87%4.51%3.69%4.19%4.45%4.18%4.41%

Frequently Asked Questions

IWDE.L and O have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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