IWRD.AS vs. DJMC.AS
IWRD.AS (iShares MSCI World UCITS ETF) and DJMC.AS (iShares EURO STOXX Mid UCITS ETF) are both exchange-traded funds - IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while DJMC.AS is a Europe Equities fund tracking the MSCI EMU SMID NR EUR. Both are passively managed. Over the past 10 years, IWRD.AS returned 12.94%/yr vs 10.31%/yr for DJMC.AS. A 0.74 correlation means they provide meaningful diversification when combined. IWRD.AS charges 0.50%/yr vs 0.40%/yr for DJMC.AS.
Performance
IWRD.AS vs. DJMC.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IWRD.AS having a 10.98% return and DJMC.AS slightly lower at 10.75%. Over the past 10 years, IWRD.AS has outperformed DJMC.AS with an annualized return of 12.94%, while DJMC.AS has yielded a comparatively lower 10.31% annualized return.
IWRD.AS
- 1D
- -0.60%
- 1M
- 0.62%
- YTD
- 10.98%
- 6M
- 11.03%
- 1Y
- 24.20%
- 3Y*
- 17.58%
- 5Y*
- 11.93%
- 10Y*
- 12.94%
DJMC.AS
- 1D
- 0.00%
- 1M
- 1.40%
- YTD
- 10.75%
- 6M
- 11.17%
- 1Y
- 20.02%
- 3Y*
- 16.14%
- 5Y*
- 7.50%
- 10Y*
- 10.31%
IWRD.AS vs. DJMC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 10.98% | 6.83% | 26.78% | 19.67% | -13.84% | 32.03% | 5.90% | 29.12% | -4.38% | 7.48% |
DJMC.AS iShares EURO STOXX Mid UCITS ETF | 10.75% | 24.35% | 8.45% | 10.46% | -14.94% | 16.39% | 2.11% | 23.40% | -11.44% | 18.28% |
Correlation
The correlation between IWRD.AS and DJMC.AS is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.74 |
The correlation between IWRD.AS and DJMC.AS shifts across timeframes, from 0.58 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWRD.AS vs. DJMC.AS — Risk / Return Rank
IWRD.AS
DJMC.AS
IWRD.AS vs. DJMC.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) and iShares EURO STOXX Mid UCITS ETF (DJMC.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.
| IWRD.AS | DJMC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.31 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 2.46 | +1.11 |
| Martin ratioReturn relative to average drawdown | 14.05 | 8.20 | +5.85 |
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Drawdowns
IWRD.AS vs. DJMC.AS - Drawdown Comparison
The maximum IWRD.AS drawdown since its inception was -64.03%, which is greater than DJMC.AS's maximum drawdown of -55.88%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and DJMC.AS.
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Drawdown Indicators
| IWRD.AS | DJMC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.03% | -55.88% | -8.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -8.07% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -14.36% | -7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -27.41% | +5.91% |
Max Drawdown (10Y)Largest decline over 10 years | -33.72% | -39.05% | +5.33% |
Current DrawdownCurrent decline from peak | -0.80% | -0.45% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -13.78% | -13.83% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.43% | -0.72% |
Volatility
IWRD.AS vs. DJMC.AS - Volatility Comparison
iShares MSCI World UCITS ETF (IWRD.AS) has a higher volatility of 3.16% compared to iShares EURO STOXX Mid UCITS ETF (DJMC.AS) at 1.88%. This indicates that IWRD.AS's price experiences larger fluctuations and is considered to be riskier than DJMC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWRD.AS | DJMC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 1.88% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 9.76% | -1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 11.95% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 15.30% | -1.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.15% | 16.10% | -0.95% |
IWRD.AS vs. DJMC.AS - Expense Ratio Comparison
IWRD.AS has a 0.50% expense ratio, which is higher than DJMC.AS's 0.40% expense ratio.
Dividends
IWRD.AS vs. DJMC.AS - Dividend Comparison
IWRD.AS's dividend yield for the trailing twelve months is around 0.88%, less than DJMC.AS's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJMC.AS iShares EURO STOXX Mid UCITS ETF | 2.59% | 3.20% | 3.37% | 2.55% | 2.40% | 1.76% | 1.45% | 2.55% | 2.97% | 2.18% | 2.22% | 2.02% |
IWRD.AS iShares MSCI World UCITS ETF | 0.88% | 0.95% | 1.04% | 1.33% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
Frequently Asked Questions
IWRD.AS and DJMC.AS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DJMC.AS is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DJMC.AS is cheaper with a 0.40% expense ratio, compared with 0.50% for IWRD.AS.
IWRD.AS is categorized as Global Equities, while DJMC.AS is Europe Equities. IWRD.AS tracks MSCI ACWI NR USD, while DJMC.AS tracks MSCI EMU SMID NR EUR. Their fees differ too: 0.50% for IWRD.AS and 0.40% for DJMC.AS.
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