IWRD.AS vs. TSWE.AS
IWRD.AS (iShares MSCI World UCITS ETF) and TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and VanEck respectively. Both are passively managed. Over the past 10 years, IWRD.AS returned 12.57%/yr vs 12.01%/yr for TSWE.AS. Their correlation of 0.92 suggests significant overlap in exposure. IWRD.AS charges 0.50%/yr vs 0.20%/yr for TSWE.AS.
Performance
IWRD.AS vs. TSWE.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IWRD.AS achieves a 11.01% return, which is significantly lower than TSWE.AS's 13.49% return. Both investments have delivered pretty close results over the past 10 years, with IWRD.AS having a 12.57% annualized return and TSWE.AS not far behind at 12.01%.
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%
TSWE.AS
- 1D
- -0.19%
- 1M
- 7.45%
- YTD
- 13.49%
- 6M
- 16.16%
- 1Y
- 26.33%
- 3Y*
- 17.11%
- 5Y*
- 11.64%
- 10Y*
- 12.01%
IWRD.AS vs. TSWE.AS - 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% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 13.49% | 13.10% | 17.22% | 16.38% | -13.18% | 29.50% | 5.58% | 26.46% | -5.21% | 8.51% |
Correlation
The correlation between IWRD.AS and TSWE.AS is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 16, 2013 | 0.92 |
The correlation between IWRD.AS and TSWE.AS has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWRD.AS vs. TSWE.AS — Risk / Return Rank
IWRD.AS
TSWE.AS
IWRD.AS vs. TSWE.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) 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.
| IWRD.AS | TSWE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.26 | +0.21 |
| Martin ratioReturn relative to average drawdown | 13.70 | 12.78 | +0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWRD.AS | TSWE.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.04 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.84 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.79 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.73 | -0.23 |
Drawdowns
IWRD.AS vs. TSWE.AS - Drawdown Comparison
The maximum IWRD.AS drawdown since its inception was -52.51%, which is greater than TSWE.AS's maximum drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and TSWE.AS.
Loading charts...
Drawdown Indicators
| IWRD.AS | TSWE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -33.67% | -18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -7.97% | +1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -19.53% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -19.53% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -33.67% | -0.04% |
Current DrawdownCurrent decline from peak | -0.25% | -0.19% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -4.83% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.05% | -0.34% |
Volatility
IWRD.AS vs. TSWE.AS - Volatility Comparison
The current volatility for iShares MSCI World UCITS ETF (IWRD.AS) is 2.81%, while VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a volatility of 3.66%. This indicates that IWRD.AS 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.
Loading charts...
Volatility by Period
| IWRD.AS | TSWE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 3.66% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 9.92% | -2.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 12.76% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 13.65% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 14.93% | +0.23% |
IWRD.AS vs. TSWE.AS - Expense Ratio Comparison
IWRD.AS has a 0.50% expense ratio, which is higher than TSWE.AS's 0.20% expense ratio.
Dividends
IWRD.AS vs. TSWE.AS - Dividend Comparison
IWRD.AS's dividend yield for the trailing twelve months is around 0.85%, less than TSWE.AS's 2.57% yield.
| 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% |
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF | 2.57% | 1.94% | 2.18% | 2.23% | 2.38% | 1.64% | 1.88% | 2.34% | 2.45% | 2.09% | 1.85% | 1.87% |
Frequently Asked Questions
IWRD.AS and TSWE.AS have a correlation of 0.88, 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 0.50% for IWRD.AS.
Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.50% for IWRD.AS and 0.20% for TSWE.AS.
Find the right allocation for IWRD.AS and TSWE.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer