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

IWDE.L vs. SBUY.L

Last updated Jun 5, 2026

IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) and SBUY.L (Invesco Global Buyback Achievers UCITS ETF) are both Global Equities funds - IWDE.L tracks the MSCI World 100% Hedged to EUR Index while SBUY.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWDE.L returned 11.23%/yr vs 11.99%/yr for SBUY.L. A 0.76 correlation means they provide meaningful diversification when combined. IWDE.L charges 0.55%/yr vs 0.39%/yr for SBUY.L.

Performance

IWDE.L vs. SBUY.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 Invesco Global Buyback Achievers UCITS ETF (SBUY.L). 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 SBUY.L is traded in GBp. To make them comparable, the SBUY.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 higher than SBUY.L's 7.43% return. Over the past 10 years, IWDE.L has underperformed SBUY.L with an annualized return of 11.23%, while SBUY.L has yielded a comparatively higher 11.99% 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%

SBUY.L

1D
0.80%
1M
1.48%
YTD
7.43%
6M
9.44%
1Y
21.99%
3Y*
18.45%
5Y*
10.82%
10Y*
11.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
SBUY.L
Invesco Global Buyback Achievers UCITS ETF		7.45%15.26%20.18%11.78%-6.01%29.25%2.54%33.33%-10.43%6.09%

Correlation

The correlation between IWDE.L and SBUY.L is 0.66, 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

0.66

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

0.68

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

0.72

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

0.75

Correlation (All Time)
Calculated using the full available price history since Oct 30, 2014

0.76

The correlation between IWDE.L and SBUY.L shifts across timeframes, from 0.66 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IWDE.L
SBUY.L

Technology

38.7%
7.6%

Financial Services

13.0%
32.9%

Communication Services

11.0%
4.1%

Consumer Cyclical

8.8%
15.8%

Healthcare

8.8%
5.5%

Industrials

6.6%
11.0%

Consumer Defensive

4.6%
1.9%

Energy

3.1%
17.1%

Basic Materials

1.6%
1.4%

Utilities

1.5%
2.2%

Real Estate

0.8%
0.5%

Technology

IWDE.L
38.7%
SBUY.L
7.6%

Financial Services

IWDE.L
13.0%
SBUY.L
32.9%

Communication Services

IWDE.L
11.0%
SBUY.L
4.1%

Consumer Cyclical

IWDE.L
8.8%
SBUY.L
15.8%

Healthcare

IWDE.L
8.8%
SBUY.L
5.5%

Industrials

IWDE.L
6.6%
SBUY.L
11.0%

Consumer Defensive

IWDE.L
4.6%
SBUY.L
1.9%

Energy

IWDE.L
3.1%
SBUY.L
17.1%

Basic Materials

IWDE.L
1.6%
SBUY.L
1.4%

Utilities

IWDE.L
1.5%
SBUY.L
2.2%

Real Estate

IWDE.L
0.8%
SBUY.L
0.5%

Compare stocks, funds, or ETFs

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iShares MSCI World EUR Hedged UCITS ETF (Acc)

Invesco Global Buyback Achievers UCITS ETF

Often compared with IWDE.L:
IWDE.L vs. XUSE.ASIWDE.L vs. IWDA.LIWDE.L vs. SWDA.LIWDE.L vs. WRDA.LIWDE.L vs. MINV.LIWDE.L vs. IWVG.LIWDE.L vs. CNDX.L
Often compared with SBUY.L:
SBUY.L vs. XDWI.LSBUY.L vs. BUYB.LSBUY.L vs. BYBG.LSBUY.L vs. PKWSBUY.L vs. QQQSBUY.L vs. SPYSBUY.L vs. VMO.TO

Return for Risk

IWDE.L vs. SBUY.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: 6666
Overall Rank
IWDE.L Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
IWDE.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
IWDE.L Omega Ratio Rank: 6666
Omega Ratio Rank
IWDE.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
IWDE.L Martin Ratio Rank: 7171
Martin Ratio Rank
SBUY.L
SBUY.L Risk / Return Rank: 8282
Overall Rank
SBUY.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SBUY.L Sortino Ratio Rank: 8080
Sortino Ratio Rank
SBUY.L Omega Ratio Rank: 7878
Omega Ratio Rank
SBUY.L Calmar Ratio Rank: 8989
Calmar Ratio Rank
SBUY.L Martin Ratio Rank: 8484
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. SBUY.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 Invesco Global Buyback Achievers UCITS ETF (SBUY.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.LSBUY.LDifference
Sharpe ratioReturn per unit of total volatility
2.10
2.10

0.00

Sortino ratioReturn per unit of downside risk
3.06
2.89

+0.17

Omega ratioGain probability vs. loss probability

1.39

1.38

+0.01

Calmar ratioReturn relative to maximum drawdown

3.03

5.57

-2.54

Martin ratioReturn relative to average drawdown

13.08

16.48

-3.40

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. SBUY.L - Sharpe Ratio Comparison

The current IWDE.L Sharpe Ratio is 2.10, which is comparable to the SBUY.L Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of IWDE.L and SBUY.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.

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Sharpe Ratios by Period

IWDE.LSBUY.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

2.10

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.71

0.75

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.73

0.74

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.70

0.73

-0.04

Drawdowns

IWDE.L vs. SBUY.L - Drawdown Comparison

The maximum IWDE.L drawdown since its inception was -33.32%, smaller than the maximum SBUY.L drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for IWDE.L and SBUY.L.

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Drawdown Indicators

IWDE.LSBUY.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.32%

-36.88%

+3.56%

Max Drawdown (1Y)

Largest decline over 1 year

-7.82%

-3.93%

-3.89%

Max Drawdown (3Y)

Largest decline over 3 years

-17.50%

-20.30%

+2.80%

Max Drawdown (5Y)

Largest decline over 5 years

-23.72%

-20.30%

-3.42%

Max Drawdown (10Y)

Largest decline over 10 years

-33.32%

-36.88%

+3.56%

Current Drawdown

Current decline from peak

-0.36%

0.00%

-0.36%

Average Drawdown

Average peak-to-trough decline

-4.50%

-4.84%

+0.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

1.33%

+0.48%

Volatility

IWDE.L vs. SBUY.L - Volatility Comparison

iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) has a higher volatility of 3.10% compared to Invesco Global Buyback Achievers UCITS ETF (SBUY.L) at 2.34%. This indicates that IWDE.L's price experiences larger fluctuations and is considered to be riskier than SBUY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDE.LSBUY.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

2.34%

+0.76%

Volatility (6M)

Calculated over the trailing 6-month period

8.58%

7.24%

+1.34%

Volatility (1Y)

Calculated over the trailing 1-year period

11.30%

10.45%

+0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.86%

14.49%

+0.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.37%

16.28%

-0.91%

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

IWDE.L has a 0.55% expense ratio, which is higher than SBUY.L's 0.39% expense ratio.

Dividends

IWDE.L vs. SBUY.L - Dividend Comparison

IWDE.L has not paid dividends to shareholders, while SBUY.L's dividend yield for the trailing twelve months is around 1.69%.

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%
SBUY.L
Invesco Global Buyback Achievers UCITS ETF		1.69%1.86%1.80%1.73%1.91%1.20%1.62%1.90%1.31%1.22%1.60%1.27%

Frequently Asked Questions

IWDE.L and SBUY.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SBUY.L is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SBUY.L is cheaper with a 0.39% expense ratio, compared with 0.55% for IWDE.L.

IWDE.L tracks MSCI World 100% Hedged to EUR Index, while SBUY.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.55% for IWDE.L and 0.39% for SBUY.L.

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