IWRD.AS vs. SWDA.L
IWRD.AS (iShares MSCI World UCITS ETF) and SWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds from iShares - IWRD.AS tracks the MSCI ACWI NR USD while SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 10 years, IWRD.AS returned 12.57%/yr vs 12.82%/yr for SWDA.L. Their correlation of 0.86 suggests significant overlap in exposure. IWRD.AS charges 0.50%/yr vs 0.20%/yr for SWDA.L.
Performance
IWRD.AS vs. SWDA.L - Performance Comparison
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Different Trading Currencies
IWRD.AS is traded in EUR, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with IWRD.AS having a 11.01% return and SWDA.L slightly lower at 10.97%. Both investments have delivered pretty close results over the past 10 years, with IWRD.AS having a 12.57% annualized return and SWDA.L not far ahead at 12.82%.
IWRD.AS
- 1D
- -0.25%
- 1M
- 5.53%
- YTD
- 11.01%
- 6M
- 11.58%
- 1Y
- 23.56%
- 3Y*
- 17.32%
- 5Y*
- 12.58%
- 10Y*
- 12.57%
SWDA.L
- 1D
- 0.00%
- 1M
- 4.83%
- YTD
- 10.97%
- 6M
- 11.38%
- 1Y
- 23.82%
- 3Y*
- 17.47%
- 5Y*
- 12.89%
- 10Y*
- 12.82%
IWRD.AS vs. SWDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 11.01% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc) | 10.97% | 6.76% | 26.95% | 20.08% | -13.06% | 31.68% | 6.15% | 30.86% | -4.97% | 7.38% |
Correlation
The correlation between IWRD.AS and SWDA.L is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2009 | 0.86 |
The correlation between IWRD.AS and SWDA.L has been stable across timeframes, ranging from 0.86 to 0.95 - a consistent structural relationship.
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Return for Risk
IWRD.AS vs. SWDA.L — Risk / Return Rank
IWRD.AS
SWDA.L
IWRD.AS vs. SWDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.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.
| IWRD.AS | SWDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.63 | -0.15 |
| Martin ratioReturn relative to average drawdown | 13.70 | 14.82 | -1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWRD.AS | SWDA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.18 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.92 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.85 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.85 | -0.35 |
Drawdowns
IWRD.AS vs. SWDA.L - Drawdown Comparison
The maximum IWRD.AS drawdown since its inception was -52.51%, which is greater than SWDA.L's maximum drawdown of -33.00%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and SWDA.L.
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Drawdown Indicators
| IWRD.AS | SWDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -33.00% | -19.51% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -6.53% | -0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -20.55% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -20.55% | -0.95% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -33.00% | -0.71% |
Current DrawdownCurrent decline from peak | -0.25% | -0.30% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -4.31% | -4.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.60% | +0.11% |
Volatility
IWRD.AS vs. SWDA.L - Volatility Comparison
iShares MSCI World UCITS ETF (IWRD.AS) has a higher volatility of 2.81% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 2.22%. This indicates that IWRD.AS's price experiences larger fluctuations and is considered to be riskier than SWDA.L 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 | SWDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.22% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 7.56% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 10.88% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 14.07% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 15.15% | +0.01% |
IWRD.AS vs. SWDA.L - Expense Ratio Comparison
IWRD.AS has a 0.50% expense ratio, which is higher than SWDA.L's 0.20% expense ratio.
Dividends
IWRD.AS vs. SWDA.L - Dividend Comparison
IWRD.AS's dividend yield for the trailing twelve months is around 0.85%, while SWDA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
SWDA.L iShares Core MSCI World UCITS ETF USD (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% |
Frequently Asked Questions
With a correlation of 0.95, IWRD.AS and SWDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SWDA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWDA.L is cheaper with a 0.20% expense ratio, compared with 0.50% for IWRD.AS.
IWRD.AS tracks MSCI ACWI NR USD, while SWDA.L tracks MSCI World Index. Their fees differ too: 0.50% for IWRD.AS and 0.20% for SWDA.L.
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