IWDE.L vs. TSWE.AS
IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) and TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) are both Global Equities funds - IWDE.L tracks the MSCI World 100% Hedged to EUR Index while TSWE.AS tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, IWDE.L returned 11.07%/yr vs 14.85%/yr for TSWE.AS. Their correlation of 0.85 suggests significant overlap in exposure. IWDE.L charges 0.55%/yr vs 0.20%/yr for TSWE.AS.
Performance
IWDE.L vs. TSWE.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IWDE.L achieves a 9.63% return, which is significantly lower than TSWE.AS's 15.76% return. Over the past 10 years, IWDE.L has underperformed TSWE.AS with an annualized return of 11.07%, while TSWE.AS has yielded a comparatively higher 14.85% 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%
TSWE.AS
- 1D
- -0.54%
- 1M
- 0.52%
- 6M
- 11.11%
- YTD
- 15.76%
- 1Y
- 28.97%
- 3Y*
- 17.72%
- 5Y*
- 11.11%
- 10Y*
- 14.85%
IWDE.L vs. TSWE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc) | 9.63% | 16.39% | 19.76% | 21.13% | -18.36% | 23.42% | 11.49% | 23.65% | -10.06% | 16.85% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 15.76% | 13.10% | 16.86% | 16.01% | -13.44% | 32.44% | 11.32% | 34.59% | 0.23% | 14.40% |
Correlation
The correlation between IWDE.L and TSWE.AS 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 3, 2013 | 0.85 |
The correlation between IWDE.L and TSWE.AS has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
IWDE.L vs. TSWE.AS — Risk / Return Rank
IWDE.L
TSWE.AS
IWDE.L vs. TSWE.AS - 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 VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS). 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.L | TSWE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.59 | -0.91 |
| Martin ratioReturn relative to average drawdown | 11.18 | 14.14 | -2.96 |
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Drawdowns
IWDE.L vs. TSWE.AS - Drawdown Comparison
The maximum IWDE.L drawdown since its inception was -33.32%, smaller than the maximum TSWE.AS drawdown of -75.58%. Use the drawdown chart below to compare losses from any high point for IWDE.L and TSWE.AS.
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Drawdown Indicators
| IWDE.L | TSWE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.32% | -75.58% | +42.26% |
Max Drawdown (1Y)Largest decline over 1 year | -7.82% | -7.97% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -19.53% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -19.53% | -4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -33.32% | -32.93% | -0.39% |
Current DrawdownCurrent decline from peak | 0.00% | -1.85% | +1.85% |
Average DrawdownAverage peak-to-trough decline | -4.50% | -35.98% | +31.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.03% | -0.15% |
Volatility
IWDE.L vs. TSWE.AS - Volatility Comparison
The current volatility for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) is 2.67%, while VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a volatility of 3.85%. This indicates that IWDE.L experiences smaller price fluctuations and is considered to be less risky than TSWE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDE.L | TSWE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 3.85% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 10.64% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.69% | 13.21% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 13.74% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 14.97% | +0.29% |
IWDE.L vs. TSWE.AS - Expense Ratio Comparison
IWDE.L has a 0.55% expense ratio, which is higher than TSWE.AS's 0.20% expense ratio.
Dividends
IWDE.L vs. TSWE.AS - Dividend Comparison
IWDE.L has not paid dividends to shareholders, while TSWE.AS's dividend yield for the trailing twelve months is around 1.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 1.79% | 1.94% | 1.89% | 1.92% | 2.05% | 3.60% | 6.51% | 8.08% | 8.48% | 7.21% | 6.39% | 6.44% |
Frequently Asked Questions
IWDE.L and TSWE.AS 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.
On fees, TSWE.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSWE.AS is cheaper with a 0.20% expense ratio, compared with 0.55% for IWDE.L.
IWDE.L tracks MSCI World 100% Hedged to EUR Index, while TSWE.AS tracks MSCI ACWI NR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.55% for IWDE.L and 0.20% for TSWE.AS.
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