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IWDG.L vs. SMGB.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWDG.L vs. SMGB.L

Last updated Jun 5, 2026

IWDG.L (iShares Core MSCI World UCITS ETF) and SMGB.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - IWDG.L is a Global Equities fund tracking the MSCI World Index, while SMGB.L is a Semiconductors fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, IWDG.L returned 10.65%/yr vs 38.39%/yr for SMGB.L. A 0.71 correlation means they provide meaningful diversification when combined. IWDG.L charges 0.30%/yr vs 0.35%/yr for SMGB.L.

Performance

IWDG.L vs. SMGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core MSCI World UCITS ETF (IWDG.L) and VanEck Semiconductor UCITS ETF (SMGB.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWDG.L is traded in GBp, while SMGB.L is traded in GBP. To make them comparable, the SMGB.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDG.L achieves a 9.47% return, which is significantly lower than SMGB.L's 85.49% return.

IWDG.L

1D
0.12%
1M
4.47%
YTD
9.47%
6M
10.42%
1Y
25.01%
3Y*
18.86%
5Y*
10.65%
10Y*
—

SMGB.L

1D
-2.49%
1M
23.49%
YTD
85.49%
6M
84.69%
1Y
173.74%
3Y*
57.16%
5Y*
38.39%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDG.L vs. SMGB.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
IWDG.L
iShares Core MSCI World UCITS ETF		9.47%17.23%19.76%21.24%-18.78%22.69%1.89%
SMGB.L
VanEck Semiconductor UCITS ETF		85.49%38.79%26.31%66.17%-27.49%44.41%2.28%

Correlation

The correlation between IWDG.L and SMGB.L is 0.65, 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

0.65

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

0.69

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

0.71

Correlation (All Time)
Calculated using the full available price history since Dec 4, 2020

0.71

The correlation between IWDG.L and SMGB.L has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

IWDG.L vs. SMGB.L - Sectors Allocation Comparison

Sectors
IWDG.L
SMGB.L

Technology

30.4%
100.0%

Financial Services

15.2%

-

Industrials

10.7%

-

Consumer Cyclical

8.9%

-

Communication Services

8.8%

-

Healthcare

8.5%

-

Consumer Defensive

5.0%

-

Energy

3.9%

-

Basic Materials

3.2%

-

Utilities

2.8%

-

Real Estate

1.7%

-

Technology

IWDG.L
30.4%
SMGB.L
100.0%

Financial Services

IWDG.L
15.2%
SMGB.L

-

Industrials

IWDG.L
10.7%
SMGB.L

-

Consumer Cyclical

IWDG.L
8.9%
SMGB.L

-

Communication Services

IWDG.L
8.8%
SMGB.L

-

Healthcare

IWDG.L
8.5%
SMGB.L

-

Consumer Defensive

IWDG.L
5.0%
SMGB.L

-

Energy

IWDG.L
3.9%
SMGB.L

-

Basic Materials

IWDG.L
3.2%
SMGB.L

-

Utilities

IWDG.L
2.8%
SMGB.L

-

Real Estate

IWDG.L
1.7%
SMGB.L

-

Compare stocks, funds, or ETFs

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iShares Core MSCI World UCITS ETF

VanEck Semiconductor UCITS ETF

Often compared with IWDG.L:
IWDG.L vs. NQSE.DEIWDG.L vs. EVLUIWDG.L vs. IGDA.LIWDG.L vs. EUNK.DEIWDG.L vs. VUSA.DEIWDG.L vs. VTIWDG.L vs. IS3N.DE
Often compared with SMGB.L:
SMGB.L vs. SEMISMGB.L vs. IITU.LSMGB.L vs. SOXXSMGB.L vs. EQQQ.DESMGB.L vs. HNSS.LSMGB.L vs. AIAG.LSMGB.L vs. XLKQ.L

Return for Risk

IWDG.L vs. SMGB.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWDG.L
IWDG.L Risk / Return Rank: 7070
Overall Rank
IWDG.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDG.L Sortino Ratio Rank: 7171
Sortino Ratio Rank
IWDG.L Omega Ratio Rank: 6868
Omega Ratio Rank
IWDG.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
IWDG.L Martin Ratio Rank: 7575
Martin Ratio Rank
SMGB.L
SMGB.L Risk / Return Rank: 9797
Overall Rank
SMGB.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
SMGB.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
SMGB.L Omega Ratio Rank: 9595
Omega Ratio Rank
SMGB.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
SMGB.L Martin Ratio Rank: 9797
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.

IWDG.L vs. SMGB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF (IWDG.L) and VanEck Semiconductor UCITS ETF (SMGB.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.

IWDG.LSMGB.LDifference
Sharpe ratioReturn per unit of total volatility
2.18
5.58

-3.40

Sortino ratioReturn per unit of downside risk
3.19
5.70

-2.51

Omega ratioGain probability vs. loss probability

1.40

1.74

-0.33

Calmar ratioReturn relative to maximum drawdown

3.26

14.46

-11.20

Martin ratioReturn relative to average drawdown

14.14

50.72

-36.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDG.L vs. SMGB.L - Sharpe Ratio Comparison

The current IWDG.L Sharpe Ratio is 2.18, which is lower than the SMGB.L Sharpe Ratio of 5.58. The chart below compares the historical Sharpe Ratios of IWDG.L and SMGB.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

IWDG.LSMGB.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.18

5.58

-3.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

1.26

-0.54

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

1.25

-0.60

Drawdowns

IWDG.L vs. SMGB.L - Drawdown Comparison

The maximum IWDG.L drawdown since its inception was -34.20%, smaller than the maximum SMGB.L drawdown of -36.24%. Use the drawdown chart below to compare losses from any high point for IWDG.L and SMGB.L.

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Drawdown Indicators

IWDG.LSMGB.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.20%

-36.24%

+2.04%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-11.94%

+4.30%

Max Drawdown (3Y)

Largest decline over 3 years

-17.57%

-36.24%

+18.67%

Max Drawdown (5Y)

Largest decline over 5 years

-23.79%

-36.24%

+12.45%

Current Drawdown

Current decline from peak

-0.36%

-2.49%

+2.13%

Average Drawdown

Average peak-to-trough decline

-5.14%

-9.75%

+4.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.76%

3.41%

-1.65%

Volatility

IWDG.L vs. SMGB.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF (IWDG.L) is 3.12%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 12.41%. This indicates that IWDG.L experiences smaller price fluctuations and is considered to be less risky than SMGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDG.LSMGB.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.12%

12.41%

-9.29%

Volatility (6M)

Calculated over the trailing 6-month period

8.64%

23.93%

-15.29%

Volatility (1Y)

Calculated over the trailing 1-year period

11.43%

30.96%

-19.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.85%

30.45%

-15.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.96%

30.19%

-14.23%

IWDG.L vs. SMGB.L - Expense Ratio Comparison

IWDG.L has a 0.30% expense ratio, which is lower than SMGB.L's 0.35% expense ratio.

Dividends

IWDG.L vs. SMGB.L - Dividend Comparison

IWDG.L's dividend yield for the trailing twelve months is around 0.01%, while SMGB.L has not paid dividends to shareholders.

PositionTTM202520242023202220212020201920182017
IWDG.L
iShares Core MSCI World UCITS ETF		0.01%0.01%0.01%0.01%0.02%0.01%0.01%0.02%0.02%0.01%
SMGB.L
VanEck Semiconductor UCITS ETF		0.00%0.00%0.00%0.00%0.44%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IWDG.L and SMGB.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IWDG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IWDG.L is cheaper with a 0.30% expense ratio, compared with 0.35% for SMGB.L.

IWDG.L is categorized as Global Equities, while SMGB.L is Semiconductors. IWDG.L tracks MSCI World Index, while SMGB.L tracks MSCI World/Information Tech NR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.30% for IWDG.L and 0.35% for SMGB.L.

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