IWDL vs. SWRD.AS
Compare and contrast key facts about ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and SPDR MSCI World UCITS ETF (SWRD.AS).
IWDL and SWRD.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IWDL is a passively managed fund by UBS that tracks the performance of the Russell 1000 Value (200%). It was launched on Feb 5, 2021. SWRD.AS is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on Feb 28, 2019. Both IWDL and SWRD.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IWDL or SWRD.AS.
Key characteristics
| IWDL | SWRD.AS | |
|---|---|---|
| YTD Return | 33.74% | 26.11% |
| 1Y Return | 61.42% | 32.93% |
| 3Y Return (Ann) | 6.79% | 9.82% |
| Sharpe Ratio | 2.83 | 3.00 |
| Sortino Ratio | 3.65 | 3.99 |
| Omega Ratio | 1.47 | 1.63 |
| Calmar Ratio | 2.17 | 2.57 |
| Martin Ratio | 16.33 | 18.73 |
| Ulcer Index | 3.74% | 1.73% |
| Daily Std Dev | 21.58% | 10.79% |
| Max Drawdown | -37.95% | -33.61% |
| Current Drawdown | -1.39% | -0.35% |
Correlation
The correlation between IWDL and SWRD.AS is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IWDL vs. SWRD.AS - Performance Comparison
In the year-to-date period, IWDL achieves a 33.74% return, which is significantly higher than SWRD.AS's 26.11% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IWDL vs. SWRD.AS - Expense Ratio Comparison
IWDL has a 0.95% expense ratio, which is higher than SWRD.AS's 0.12% expense ratio.
Risk-Adjusted Performance
IWDL vs. SWRD.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) and SPDR MSCI World UCITS ETF (SWRD.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.
Dividends
IWDL vs. SWRD.AS - Dividend Comparison
Neither IWDL nor SWRD.AS has paid dividends to shareholders.
Drawdowns
IWDL vs. SWRD.AS - Drawdown Comparison
The maximum IWDL drawdown since its inception was -37.95%, which is greater than SWRD.AS's maximum drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for IWDL and SWRD.AS. For additional features, visit the drawdowns tool.
Volatility
IWDL vs. SWRD.AS - Volatility Comparison
ETRACS 2x Leveraged US Value Factor TR ETN (IWDL) has a higher volatility of 7.64% compared to SPDR MSCI World UCITS ETF (SWRD.AS) at 3.08%. This indicates that IWDL's price experiences larger fluctuations and is considered to be riskier than SWRD.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.